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.
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 totalWireless 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 totalUS$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
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 |