diff --git a/packages/grafana-ui/src/components/BigValue/BigValue.mdx b/packages/grafana-ui/src/components/BigValue/BigValue.mdx
index d9a83cd0c08..b76c0f7baca 100644
--- a/packages/grafana-ui/src/components/BigValue/BigValue.mdx
+++ b/packages/grafana-ui/src/components/BigValue/BigValue.mdx
@@ -42,14 +42,7 @@ An example usage is in the [Stat panel](https://grafana.com/docs/grafana/latest/
 
 ```tsx
 import { DisplayValue } from '@grafana/data';
-import {
-  BigValue,
-  BigValueColorMode,
-  BigValueGraphMode,
-  BigValueJustifyMode,
-  BigValueTextMode,
-  useTheme,
-} from '@grafana/ui';
+import { BigValue, BigValueColorMode, BigValueJustifyMode, BigValueTextMode, useTheme } from '@grafana/ui';
 
 const bigValue: DisplayValue = {
   color: 'red',
@@ -62,7 +55,6 @@ return (
   <BigValue
     theme={useTheme()}
     justifyMode={BigValueJustifyMode.Auto}
-    graphMode={BigValueGraphMode.Area}
     colorMode={BigValueColorMode.Value}
     textMode={BigValueTextMode.Auto}
     value={bigValue}
diff --git a/packages/grafana-ui/src/components/BigValue/BigValue.story.tsx b/packages/grafana-ui/src/components/BigValue/BigValue.story.tsx
index f112a86efd1..b60752c3a8d 100644
--- a/packages/grafana-ui/src/components/BigValue/BigValue.story.tsx
+++ b/packages/grafana-ui/src/components/BigValue/BigValue.story.tsx
@@ -10,7 +10,7 @@ import {
   BigValueGraphMode,
   BigValueJustifyMode,
   BigValueTextMode,
-  Props,
+  BigValueProps,
 } from './BigValue';
 import mdx from './BigValue.mdx';
 
@@ -58,7 +58,7 @@ const meta: Meta = {
   },
 };
 
-interface StoryProps extends Props {
+interface StoryProps extends BigValueProps {
   numeric: number;
   title: string;
   color: string;
@@ -95,7 +95,6 @@ export const ApplyNoValue: StoryFn<StoryProps> = ({
       width={width}
       height={height}
       colorMode={colorMode}
-      graphMode={graphMode}
       textMode={textMode}
       justifyMode={justifyMode}
       value={{
@@ -109,6 +108,18 @@ export const ApplyNoValue: StoryFn<StoryProps> = ({
   );
 };
 
+ApplyNoValue.args = {
+  valueText: '$5022',
+  title: 'Total Earnings',
+  colorMode: BigValueColorMode.Value,
+  graphMode: BigValueGraphMode.Area,
+  justifyMode: BigValueJustifyMode.Auto,
+  width: 400,
+  height: 300,
+  color: 'red',
+  textMode: BigValueTextMode.Auto,
+};
+
 export const Basic: StoryFn<StoryProps> = ({
   valueText,
   title,
@@ -137,7 +148,6 @@ export const Basic: StoryFn<StoryProps> = ({
       width={width}
       height={height}
       colorMode={colorMode}
-      graphMode={graphMode}
       textMode={textMode}
       justifyMode={justifyMode}
       value={{
@@ -163,14 +173,53 @@ Basic.args = {
   textMode: BigValueTextMode.Auto,
 };
 
-ApplyNoValue.args = {
+export const Flexible: StoryFn<StoryProps> = ({
+  valueText,
+  title,
+  colorMode,
+  graphMode,
+  height,
+  width,
+  color,
+  textMode,
+  justifyMode,
+}) => {
+  const theme = useTheme2();
+  const sparkline: FieldSparkline = {
+    y: {
+      name: '',
+      values: [1, 2, 3, 4, 3],
+      type: FieldType.number,
+      state: { range: { min: 1, max: 4, delta: 3 } },
+      config: {},
+    },
+  };
+
+  return (
+    <BigValue
+      theme={theme}
+      colorMode={colorMode}
+      textMode={textMode}
+      justifyMode={justifyMode}
+      height={NaN}
+      width={NaN}
+      value={{
+        text: valueText,
+        numeric: 5022,
+        color: color,
+        title,
+      }}
+      sparkline={graphMode === BigValueGraphMode.None ? undefined : sparkline}
+    />
+  );
+};
+
+Flexible.args = {
   valueText: '$5022',
   title: 'Total Earnings',
   colorMode: BigValueColorMode.Value,
   graphMode: BigValueGraphMode.Area,
   justifyMode: BigValueJustifyMode.Auto,
-  width: 400,
-  height: 300,
   color: 'red',
   textMode: BigValueTextMode.Auto,
 };
diff --git a/packages/grafana-ui/src/components/BigValue/BigValue.test.tsx b/packages/grafana-ui/src/components/BigValue/BigValue.test.tsx
index d69bc2d2635..2237ab9044f 100644
--- a/packages/grafana-ui/src/components/BigValue/BigValue.test.tsx
+++ b/packages/grafana-ui/src/components/BigValue/BigValue.test.tsx
@@ -2,7 +2,7 @@ import { render, screen } from '@testing-library/react';
 
 import { createTheme } from '@grafana/data';
 
-import { BigValue, BigValueColorMode, BigValueGraphMode, Props } from './BigValue';
+import { BigValue, BigValueColorMode, BigValueProps } from './BigValue';
 
 const valueObject = {
   text: '25',
@@ -10,10 +10,9 @@ const valueObject = {
   color: 'red',
 };
 
-function getProps(propOverrides?: Partial<Props>): Props {
-  const props: Props = {
+function getProps(propOverrides?: Partial<BigValueProps>): BigValueProps {
+  const props: BigValueProps = {
     colorMode: BigValueColorMode.Background,
-    graphMode: BigValueGraphMode.Line,
     height: 300,
     width: 300,
     value: valueObject,
diff --git a/packages/grafana-ui/src/components/BigValue/BigValue.tsx b/packages/grafana-ui/src/components/BigValue/BigValue.tsx
index 870d350ba95..3fb371c0e95 100644
--- a/packages/grafana-ui/src/components/BigValue/BigValue.tsx
+++ b/packages/grafana-ui/src/components/BigValue/BigValue.tsx
@@ -1,5 +1,6 @@
 import { cx } from '@emotion/css';
 import { memo, type MouseEventHandler } from 'react';
+import { useMeasure } from 'react-use';
 
 import { DisplayValue, DisplayValueAlignmentFactors, FieldSparkline } from '@grafana/data';
 import { PercentChangeColorMode, VizTextDisplayOptions } from '@grafana/schema';
@@ -18,6 +19,7 @@ export enum BigValueColorMode {
   Value = 'value',
 }
 
+/** @deprecated use `sparkline` to configure the graph */
 export enum BigValueGraphMode {
   None = 'none',
   Line = 'line',
@@ -40,11 +42,11 @@ export enum BigValueTextMode {
   None = 'none',
 }
 
-export interface Props extends Themeable2 {
+export interface BigValueProps extends Themeable2 {
   /** Height of the component */
-  height: number;
+  height?: number;
   /** Width of the component */
-  width: number;
+  width?: number;
   /** Value displayed as Big Value */
   value: DisplayValue;
   /** Sparkline values for showing a graph under/behind the value  */
@@ -55,8 +57,6 @@ export interface Props extends Themeable2 {
   className?: string;
   /** Color mode for coloring the value or the background */
   colorMode: BigValueColorMode;
-  /** Show a graph behind/under the value */
-  graphMode: BigValueGraphMode;
   /** Auto justify value and text or center it */
   justifyMode?: BigValueJustifyMode;
   /** Factors that should influence the positioning of the text  */
@@ -80,6 +80,9 @@ export interface Props extends Themeable2 {
    * Disable the wide layout for the BigValue
    */
   disableWideLayout?: boolean;
+
+  /** @deprecated use `sparkline` to configure the graph */
+  graphMode?: BigValueGraphMode;
 }
 
 /**
@@ -87,10 +90,22 @@ export interface Props extends Themeable2 {
  *
  * https://developers.grafana.com/ui/latest/index.html?path=/docs/plugins-bigvalue--docs
  */
-export const BigValue = memo<Props>((props) => {
-  const { onClick, className, hasLinks, theme, justifyMode = BigValueJustifyMode.Auto } = props;
+export const BigValue = memo<BigValueProps>((props) => {
+  const {
+    onClick,
+    className,
+    hasLinks,
+    theme,
+    justifyMode = BigValueJustifyMode.Auto,
+    height: propsHeight,
+    width: propsWidth,
+  } = props;
+  const [wrapperRef, { width: calcWidth, height: calcHeight }] = useMeasure<HTMLDivElement>();
 
-  const layout = buildLayout({ ...props, justifyMode });
+  const height = propsHeight ?? calcHeight;
+  const width = propsWidth ?? calcWidth;
+
+  const layout = buildLayout({ ...props, justifyMode, height, width });
   const panelStyles = layout.getPanelStyles();
   const valueAndTitleContainerStyles = layout.getValueAndTitleContainerStyles();
   const valueStyles = layout.getValueStyles();
@@ -105,7 +120,7 @@ export const BigValue = memo<Props>((props) => {
 
   if (!onClick) {
     return (
-      <div className={className} style={panelStyles} title={tooltip}>
+      <div ref={wrapperRef} className={className} style={panelStyles} title={tooltip}>
         <div style={valueAndTitleContainerStyles}>
           {textValues.title && <div style={titleStyles}>{textValues.title}</div>}
           <FormattedValueDisplay value={textValues} style={valueStyles} />
@@ -129,7 +144,7 @@ export const BigValue = memo<Props>((props) => {
       onClick={onClick}
       title={tooltip}
     >
-      <div style={valueAndTitleContainerStyles}>
+      <div ref={wrapperRef} style={valueAndTitleContainerStyles}>
         {textValues.title && <div style={titleStyles}>{textValues.title}</div>}
         <FormattedValueDisplay value={textValues} style={valueStyles} />
       </div>
diff --git a/packages/grafana-ui/src/components/BigValue/BigValueLayout.test.tsx b/packages/grafana-ui/src/components/BigValue/BigValueLayout.test.tsx
index 462e1f5e3dd..004f96d04ef 100644
--- a/packages/grafana-ui/src/components/BigValue/BigValueLayout.test.tsx
+++ b/packages/grafana-ui/src/components/BigValue/BigValueLayout.test.tsx
@@ -3,19 +3,19 @@ import { CSSProperties } from 'react';
 import { createTheme, FieldType } from '@grafana/data';
 import { PercentChangeColorMode } from '@grafana/schema';
 
-import { Props, BigValueColorMode, BigValueGraphMode, BigValueTextMode } from './BigValue';
+import { BigValueProps, BigValueColorMode, BigValueTextMode } from './BigValue';
 import {
   buildLayout,
   getPercentChangeColor,
   StackedWithChartLayout,
   StackedWithNoChartLayout,
   WideWithChartLayout,
+  BigValuePropsWithHeightAndWidth,
 } from './BigValueLayout';
 
-function getProps(propOverrides?: Partial<Props>): Props {
-  const props: Props = {
+function getProps(propOverrides?: Partial<BigValuePropsWithHeightAndWidth>): BigValuePropsWithHeightAndWidth {
+  const props: BigValuePropsWithHeightAndWidth = {
     colorMode: BigValueColorMode.Background,
-    graphMode: BigValueGraphMode.Area,
     height: 300,
     width: 300,
     value: {
@@ -105,7 +105,7 @@ describe('BigValueLayout', () => {
       ['wide layout', {}],
       ['non-wide layout', { disableWideLayout: true }],
     ])('should shrink the value if percent change is shown for %s', (_, propsOverride) => {
-      const baseProps: Partial<Props> = {
+      const baseProps: Partial<BigValueProps> = {
         width: 300,
         height: 100,
         sparkline: undefined,
diff --git a/packages/grafana-ui/src/components/BigValue/BigValueLayout.tsx b/packages/grafana-ui/src/components/BigValue/BigValueLayout.tsx
index 8eee4b3ad12..0585747a28e 100644
--- a/packages/grafana-ui/src/components/BigValue/BigValueLayout.tsx
+++ b/packages/grafana-ui/src/components/BigValue/BigValueLayout.tsx
@@ -9,13 +9,15 @@ import { getTextColorForAlphaBackground } from '../../utils/colors';
 import { calculateFontSize } from '../../utils/measureText';
 import { Sparkline } from '../Sparkline/Sparkline';
 
-import { BigValueColorMode, Props, BigValueJustifyMode, BigValueTextMode } from './BigValue';
+import { BigValueColorMode, BigValueProps, BigValueJustifyMode, BigValueTextMode } from './BigValue';
 import { percentChangeString } from './PercentChange';
 
 const LINE_HEIGHT = 1.2;
 const MAX_TITLE_SIZE = 30;
 const VALUE_FONT_WEIGHT = 500;
 
+export type BigValuePropsWithHeightAndWidth = BigValueProps & Required<Pick<BigValueProps, 'width' | 'height'>>;
+
 export abstract class BigValueLayout {
   titleFontSize: number;
   valueFontSize: number;
@@ -31,7 +33,7 @@ export abstract class BigValueLayout {
   maxTextHeight: number;
   textValues: BigValueTextValues;
 
-  constructor(private props: Props) {
+  constructor(private props: BigValuePropsWithHeightAndWidth) {
     const { width, height, value, text } = props;
 
     this.valueColor = value.color ?? 'gray';
@@ -288,7 +290,7 @@ export abstract class BigValueLayout {
 }
 
 export class WideNoChartLayout extends BigValueLayout {
-  constructor(props: Props) {
+  constructor(props: BigValuePropsWithHeightAndWidth) {
     super(props);
 
     const valueWidthPercent = this.titleToAlignTo?.length ? 0.3 : 1.0;
@@ -350,7 +352,7 @@ export class WideNoChartLayout extends BigValueLayout {
 }
 
 export class WideWithChartLayout extends BigValueLayout {
-  constructor(props: Props) {
+  constructor(props: BigValuePropsWithHeightAndWidth) {
     super(props);
 
     const { width, height } = props;
@@ -406,7 +408,7 @@ export class WideWithChartLayout extends BigValueLayout {
 }
 
 export class StackedWithChartLayout extends BigValueLayout {
-  constructor(props: Props) {
+  constructor(props: BigValuePropsWithHeightAndWidth) {
     super(props);
 
     const { width, height } = props;
@@ -464,7 +466,7 @@ export class StackedWithChartLayout extends BigValueLayout {
 }
 
 export class StackedWithNoChartLayout extends BigValueLayout {
-  constructor(props: Props) {
+  constructor(props: BigValuePropsWithHeightAndWidth) {
     super(props);
 
     const { height } = props;
@@ -523,7 +525,7 @@ export class StackedWithNoChartLayout extends BigValueLayout {
   }
 }
 
-export function buildLayout(props: Props): BigValueLayout {
+export function buildLayout(props: BigValuePropsWithHeightAndWidth): BigValueLayout {
   const { width, height, sparkline } = props;
   const useWideLayout = width / height > 2.5 && !props.disableWideLayout;
 
@@ -557,7 +559,7 @@ export interface BigValueTextValues extends DisplayValue {
   tooltip?: string;
 }
 
-function getTextValues(props: Props): BigValueTextValues {
+function getTextValues(props: BigValuePropsWithHeightAndWidth): BigValueTextValues {
   const { value, alignmentFactors, count } = props;
   let { textMode } = props;