SPOK · Spok Holdings, Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SPOK

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$139.71M	$137.65M	$139.03M	$134.53M	$142.15M	$148.18M
Cost of Revenue	$29.79M	$28.43M	$26.82M	$28.27M	$32.57M	$28.54M
Gross Profit	$109.92M	$109.22M	$112.21M	$106.27M	$109.58M	$119.64M
R&D	$12.22M	$11.55M	$10.55M	$13.63M	$17.92M	$15.83M
SG&A	$31.80M	$33.30M	$33.17M	$37.80M	$43.85M	$43.10M
Total Operating Expenses	$120.00M	$118.69M	$117.80M	$134.30M	$169.87M	$170.84M
D&A	-	-	-	-	$4.06M	$5.01M
Operating Income	$19.71M	$18.96M	$21.23M	$238.0K	($27.72M)	($22.66M)
Interest Expense	-	-	-	-	-	-
Income Tax	$5.56M	$5.07M	$6.66M	($20.86M)	($5.15M)	$22.45M
Net Income	$15.88M	$14.96M	$15.67M	$21.86M	($22.18M)	($44.23M)
EPS - Basic	$0.77	$0.74	$0.79	$1.11	($2.32)	-
EPS - Diluted	$0.75	$0.73	$0.77	$1.09	($2.32)	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$25.28M	$29.14M	$31.99M	$35.75M	$44.58M	$48.73M
Accounts Receivable	$22.64M	$21.95M	$23.31M	$26.86M	$26.91M	$29.93M
Inventory	-	-	-	-	-	-
Accounts Payable	$3.98M	$5.63M	-	-	-	-
Current Assets	$57.88M	$61.30M	$63.89M	$70.05M	$94.05M	$118.89M
Total Assets	$206.11M	$217.10M	$227.68M	$244.48M	$248.15M	$277.29M
Current Liabilities	$49.11M	$48.77M	$48.01M	$53.45M	$55.00M	$57.44M
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$59.73M	$62.36M	$63.91M	$72.40M	$74.46M	$76.68M
Stockholders' Equity	$146.38M	$154.75M	$163.77M	$172.08M	$173.69M	$200.61M
Retained Earnings	$39.92M	$50.79M	$62.60M	$74.08M	$77.99M	$110.28M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$28.95M	$28.92M	$26.18M	$6.46M	$7.97M	$26.16M
Investing Cash Flow	($3.05M)	($3.21M)	($3.42M)	$11.26M	($225.0K)	($14.57M)
Financing Cash Flow	($29.79M)	($28.54M)	($26.68M)	($26.22M)	($11.75M)	($10.37M)
CapEx	$3.75M	$3.21M	$3.42M	$3.78M	$4.39M	$3.46M
Free Cash Flow	$25.20M	$25.71M	$22.77M	$2.68M	$3.58M	$22.71M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	78.7%	79.3%	80.7%	79.0%	77.1%	80.7%
Operating margin	14.1%	13.8%	15.3%	0.2%	-19.5%	-15.3%
EBITDA margin	-	-	-	-	-16.6%	-11.9%
Net margin	11.4%	10.9%	11.3%	16.2%	-15.6%	-29.8%
Free cash flow margin	18.0%	18.7%	16.4%	2.0%	2.5%	15.3%
FCF / Net income	1.59	1.72	1.45	0.12	-0.16	-0.51
R&D / Revenue	8.7%	8.4%	7.6%	10.1%	12.6%	10.7%
SG&A / Revenue	22.8%	24.2%	23.9%	28.1%	30.8%	29.1%
Effective tax rate	25.9%	25.3%	29.8%	-2092.2%	-	-
Return on assets	7.7%	6.9%	6.9%	8.9%	-8.9%	-15.9%
Return on equity	10.8%	9.7%	9.6%	12.7%	-12.8%	-22.0%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.18	1.26	1.33	1.31	1.71	2.07
Quick ratio	1.18	1.26	1.33	1.31	1.71	2.07
Cash ratio	0.51	0.60	0.67	0.67	0.81	0.85
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	1.41	1.40	1.39	1.42	1.43	1.38
Liabilities / Assets	0.29	0.29	0.28	0.30	0.30	0.28
Efficiency
Asset turnover	0.68	0.63	0.61	0.55	0.57	0.53
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	59d	58d	61d	73d	69d	74d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	49d	72d	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	17.6x	22.0x	20.1x	7.5x	-	-
P / B	1.9x	2.1x	1.9x	1.0x	1.0x	-
P / S	2.0x	2.4x	2.3x	1.2x	1.2x	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	1.5%	-1.0%	3.3%	-5.4%	-4.1%	-7.6%
Revenue CAGR (3y)	1.3%	-1.1%	-2.1%	-5.7%	-7.5%	-4.7%
Revenue CAGR (5y)	-1.2%	-3.0%	-5.0%	-4.7%	-4.6%	-4.8%
Gross profit growth (YoY)	0.6%	-2.7%	5.6%	-3.0%	-8.4%	-8.1%
Operating income growth (YoY)	3.9%	-10.7%	8819.3%	-	-22.3%	-43.4%
Net income growth (YoY)	6.1%	-4.5%	-28.3%	-	49.8%	-310.8%
EPS growth (YoY)	2.7%	-5.2%	-29.4%	-	-	-
EPS CAGR (3y)	-11.7%	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-2.0%	12.9%	749.5%	-25.0%	-84.3%	231.2%
FCF CAGR (5y)	2.1%	30.3%	38.9%	-15.8%	-35.2%	-6.4%
Book value growth (YoY)	-5.4%	-5.5%	-4.8%	-0.9%	-13.4%	-19.8%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$279.42M total

Wireless Operations$72.52M · 26.0%

Paging$68.56M · 24.5%

Software Operations$67.19M · 24.0%

License And Maintenance$36.43M · 13.0%

Professional Services Projects$15.50M · 5.5%

License$7.35M · 2.6%

Professional Services Managed Services$6.62M · 2.4%

Product And Service Other$3.96M · 1.4%

Hardware$1.29M · 0.5%

Geographic

$139.71M total

US$137.00M · 98.1%

Non Us$2.70M · 1.9%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.20

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✗No share dilution
✗Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Radiotelephone Communications

Company	Revenue (last FY)	Net margin	ROE
TMUS	$88.31B	12.4%	18.6%
USM	$162.96M	29.9%	1.9%
SIDU	$3.38M	-871.0%	-58.2%
IHS	$1.58B	8.0%	-141.2%
TRL.H	$238.52M	181.7%	1295.6%

Comparing Spok Holdings against the 5 most active filers in the same SIC group.

Dividends

$1.25/share trailing 12 months · 0.0% YoY

Ex-date	Per share
May 26, 2026	$0.3130
Mar 16, 2026	$0.3130
Nov 18, 2025	$0.3130
Aug 19, 2025	$0.3130
May 23, 2025	$0.3130
Mar 14, 2025	$0.3130
Nov 18, 2024	$0.3130
Aug 19, 2024	$0.3130
May 23, 2024	$0.3130
Mar 14, 2024	$0.3130
Nov 15, 2023	$0.3130
Aug 16, 2023	$0.3130
May 24, 2023	$0.3130
Mar 15, 2023	$0.3130
Nov 15, 2022	$0.3130
Aug 16, 2022	$0.3130
May 24, 2022	$0.3130
Mar 15, 2022	$0.3130
Nov 15, 2021	$0.1250
Aug 16, 2021	$0.1250
May 24, 2021	$0.1250
Mar 15, 2021	$0.1250
Nov 13, 2020	$0.1250
Aug 14, 2020	$0.1250