NASDAQ : SPOK
Spok Holdings, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 11.78 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 246.42M
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Financial statements
Spok Holdings, Inc. (SPOK) reported revenue of 135.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 135.10M | 139.71M | 137.65M | 139.03M | 134.53M | 142.15M |
| Cost of Revenue | 52.78M | 54.39M | 54.34M | 54.24M | 55.68M | 48.75M |
| Gross Profit | 82.32M | 85.32M | 83.31M | 84.79M | 78.86M | 93.40M |
| Selling, General & Admin | 45.73M | 49.51M | 47.40M | 47.80M | 54.09M | 77.18M |
| Research & Development | 12.99M | 12.22M | 11.69M | 10.68M | 13.62M | 17.51M |
| Operating Expenses | 62.45M | 65.15M | 63.24M | 62.98M | 71.29M | 105.14M |
| Operating Income | 19.87M | 20.17M | 20.07M | 21.80M | 7.57M | -11.73M |
| Interest & Investment Income | 719.00K | 820.00K | 1.15M | 1.10M | 592.00K | 320.00K |
| Other Non Operating Income (Expenses) | 6.96M | 211.00K | -86.00K | -2.00K | 167.00K | 66.00K |
| EBT Excluding Unusual Items | 27.55M | 21.20M | 21.14M | 22.90M | 8.33M | -11.35M |
| Merger & Restructuring Charges | -2.42M | -458.00K | -1.10M | -573.00K | -7.33M | -320.00K |
| Gain (Loss) on Sale of Assets | 701.00K | 701.00K | ||||
| Asset Writedown | -15.66M | |||||
| Pretax Income | 25.83M | 21.44M | 20.03M | 22.32M | 997.00K | -27.33M |
| Income Tax Expense | 7.07M | 5.56M | 5.07M | 6.66M | -20.86M | -5.15M |
| Net Income | 18.75M | 15.88M | 14.96M | 15.67M | 21.86M | -22.18M |
| Net Income to Common | 18.75M | 15.88M | 14.96M | 15.67M | 21.86M | -22.18M |
| Shares Outstanding (Basic) | 20.80M | 20.55M | 20.24M | 19.95M | 19.67M | 19.40M |
| Shares Outstanding (Diluted) | 21.22M | 21.05M | 20.57M | 20.34M | 19.99M | 19.40M |
| EPS (Basic) | 0.90 | 0.77 | 0.74 | 0.79 | 1.11 | -1.14 |
| EPS (Diluted) | 0.88 | 0.75 | 0.73 | 0.77 | 1.09 | -1.14 |
| Free Cash Flow | 30.07M | 25.20M | 25.71M | 22.77M | 2.68M | 3.58M |
| Free Cash Flow Per Share | 1.42 | 1.20 | 1.25 | 1.12 | 0.13 | 0.18 |
| Dividend Per Share | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 0.50 |
| Gross Margin | 60.93% | 61.07% | 60.52% | 60.99% | 58.61% | 65.71% |
| Operating Margin | 14.71% | 14.44% | 14.58% | 15.68% | 5.62% | -8.25% |
| Profit Margin | 13.88% | 11.37% | 10.87% | 11.27% | 16.25% | -15.60% |
| Free Cash Flow Margin | 22.26% | 18.04% | 18.68% | 16.38% | 1.99% | 2.51% |
| EBITDA | 23.60M | 23.60M | 24.22M | 26.30M | 11.14M | -6.65M |
| EBITDA Margin | 17.47% | 16.89% | 17.59% | 18.92% | 8.28% | -4.67% |
| D&A For EBITDA | 3.73M | 3.43M | 4.15M | 4.50M | 3.57M | 5.09M |
| EBIT | 19.87M | 20.17M | 20.07M | 21.80M | 7.57M | -11.73M |
| EBIT Margin | 14.71% | 14.44% | 14.58% | 15.68% | 5.62% | -8.25% |
| Effective Tax Rate | 27.39% | 25.94% | 25.29% | 29.83% | ||
| Revenue as Reported | 135.10M | 139.71M | 137.65M | 139.03M | 134.53M | 142.15M |
| Advertising Expenses | 700.00K | 700.00K | 700.00K | 1.00M | 1.56M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.07M | 25.28M | 29.14M | 31.99M | 35.75M | 44.58M |
| Short-Term Investments | 15.00M | |||||
| Cash & Short-Term Investments | 30.07M | 25.28M | 29.14M | 31.99M | 35.75M | 59.58M |
| Receivables | 17.54M | 22.64M | 21.95M | 23.31M | 26.86M | 26.91M |
| Prepaid Expenses | 9.00M | 8.91M | 9.36M | 7.88M | 6.85M | 6.64M |
| Other Current Assets | 620.00K | 1.05M | 840.00K | 704.00K | 587.00K | 922.00K |
| Total Current Assets | 57.23M | 57.88M | 61.30M | 63.89M | 70.05M | 94.05M |
| Property, Plant & Equipment | 10.23M | 12.20M | 14.20M | 17.85M | 22.10M | 22.57M |
| Goodwill | 99.17M | 99.17M | 99.17M | 99.17M | 99.17M | 99.17M |
| Long-Term Deferred Tax Assets | 31.53M | 36.53M | 41.69M | 46.26M | 52.40M | 31.65M |
| Other Long-Term Assets | 154.00K | 322.00K | 744.00K | 510.00K | 754.00K | 706.00K |
| Total Assets | 198.32M | 206.11M | 217.10M | 227.68M | 244.48M | 248.15M |
| Accounts Payable | 2.40M | 3.98M | 5.63M | 5.97M | 5.88M | 5.29M |
| Accrued Expenses | 4.49M | 7.36M | 7.36M | 7.28M | 11.63M | 13.95M |
| Current Portion of Leases | 2.22M | 2.68M | 2.90M | 4.18M | 5.10M | 5.41M |
| Current Unearned Revenue | 30.97M | 30.45M | 28.37M | 26.30M | 27.25M | 25.61M |
| Other Current Liabilities | 4.24M | 4.64M | 4.51M | 4.27M | 4.57M | 4.75M |
| Total Current Liabilities | 44.33M | 49.11M | 48.77M | 48.01M | 54.43M | 55.00M |
| Long-Term Leases | 3.08M | 4.26M | 5.87M | 6.90M | 10.60M | 11.88M |
| Other Long-Term Liabilities | 6.41M | 6.36M | 7.71M | 9.00M | 8.34M | 7.58M |
| Total Liabilities | 53.81M | 59.73M | 62.36M | 63.91M | 73.38M | 74.46M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 111.01M | 108.21M | 105.74M | 102.94M | 99.91M | 97.29M |
| Retained Earnings | 35.29M | 39.92M | 50.79M | 62.60M | 73.10M | 77.99M |
| Comprehensive Income & Other | -1.78M | -1.76M | -1.78M | -1.76M | -1.91M | -1.59M |
| Shareholders' Equity | 144.52M | 146.38M | 154.75M | 163.77M | 171.10M | 173.69M |
| Total Liabilities & Equity | 198.32M | 206.11M | 217.10M | 227.68M | 244.48M | 248.15M |
| Total Debt | 5.30M | 6.94M | 8.77M | 11.09M | 15.70M | 17.29M |
| Net Cash (Debt) | 24.77M | 18.34M | 20.37M | 20.90M | 20.05M | 42.29M |
| Net Cash Per Share | 1.17 | 0.87 | 0.99 | 1.03 | 1.00 | 2.18 |
| Filing Date Shares Outstanding | 20.93M | 20.73M | 20.42M | 20.14M | 20.00M | 19.74M |
| Total Common Shares Outstanding | 20.92M | 20.61M | 20.28M | 19.99M | 20.08M | 19.83M |
| Working Capital | 12.90M | 8.78M | 12.52M | 15.88M | 15.62M | 39.05M |
| Book Value Per Share | 6.91 | 7.10 | 7.63 | 8.19 | 8.52 | 8.76 |
| Tangible Book Value | 45.34M | 47.20M | 55.57M | 64.60M | 71.92M | 74.52M |
| Tangible Book Value Per Share | 2.17 | 2.29 | 2.74 | 3.23 | 3.58 | 3.76 |
| Machinery | 81.95M | 84.18M | 86.47M | 89.46M | 91.72M | 93.51M |
| Leasehold Improvements | 2.76M | 2.73M | 2.43M | 2.20M | 2.50M | 3.31M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 18.75M | 15.88M | 14.96M | 15.67M | 21.86M | -22.18M |
| Depreciation & Amortization | 3.73M | 3.43M | 4.15M | 4.50M | 3.57M | 5.09M |
| Other Amortization | 5.36M | |||||
| Loss (Gain) From Sale of Assets | -7.74M | -701.00K | ||||
| Asset Writedown & Restructuring Costs | -21.85M | 15.66M | ||||
| Stock-Based Compensation | 5.95M | 5.01M | 4.96M | 4.06M | 3.83M | 7.24M |
| Provision & Write-off of Bad Debts | 1.45M | 1.25M | 846.00K | 950.00K | 1.78M | 1.16M |
| Other Operating Activities | 6.16M | 5.04M | 4.57M | 6.38M | 903.00K | -5.48M |
| Change in Accounts Receivable | 6.98M | -1.96M | 506.00K | 2.58M | -1.76M | 1.83M |
| Change in Accounts Payable | -3.09M | -1.74M | -1.18M | -5.22M | -2.26M | -679.00K |
| Change in Unearned Revenue | -1.52M | 2.14M | 1.99M | -559.00K | 118.00K | -3.39M |
| Change in Other Net Operating Assets | 2.76M | 590.00K | -1.88M | -2.17M | 269.00K | 3.36M |
| Operating Cash Flow | 33.43M | 28.95M | 28.92M | 26.18M | 6.46M | 7.97M |
| Capital Expenditures | -3.35M | -3.75M | -3.21M | -3.42M | -3.78M | -4.39M |
| Sale (Purchase) of Intangibles | 7.78M | 701.00K | -10.84M | |||
| Investment in Securities | 15.03M | 15.01M | ||||
| Investing Cash Flow | 4.42M | -3.05M | -3.21M | -3.42M | 11.26M | -225.00K |
| Issuance of Common Stock | 354.00K | 312.00K | 272.00K | 210.00K | 132.00K | |
| Repurchase of Common Stock | -2.07M | -2.84M | -2.43M | -1.25M | -1.21M | -1.86M |
| Common Dividends Paid | -27.43M | -27.26M | -26.38M | -25.64M | -25.01M | -10.03M |
| Financing Cash Flow | -29.14M | -29.79M | -28.54M | -26.68M | -26.22M | -11.75M |
| Foreign Exchange Rate Adjustments | -16.00K | 28.00K | -20.00K | 145.00K | -321.00K | -136.00K |
| Net Cash Flow | 8.69M | -3.87M | -2.84M | -3.77M | -8.83M | -4.15M |
| Free Cash Flow | 30.07M | 25.20M | 25.71M | 22.77M | 2.68M | 3.58M |
| Free Cash Flow Margin | 22.26% | 18.04% | 18.68% | 16.38% | 1.99% | 2.51% |
| Free Cash Flow Per Share | 1.42 | 1.20 | 1.25 | 1.12 | 0.13 | 0.18 |
| Levered Free Cash Flow | 33.25M | 18.10M | 20.24M | 15.65M | 8.27M | -1.78M |
| Unlevered Free Cash Flow | 33.25M | 18.10M | 20.24M | 15.65M | 8.27M | -1.78M |
| Cash Income Tax Paid | 469.00K | 402.00K | 600.00K | 200.00K | 223.00K | -126.00K |
| Change in Working Capital | 5.12M | -966.00K | -566.00K | -5.37M | -3.63M | 1.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 250.95M | 271.69M | 325.37M | 309.31M | 161.37M | 181.76M |
| Enterprise Value | 226.18M | 257.67M | 306.65M | 294.25M | 142.32M | 131.90M |
| Last Close Price | 11.99 | 12.12 | 13.61 | 12.15 | 5.84 | 5.68 |
| PE Ratio | 13.61 | 17.11 | 21.74 | 19.74 | 7.38 | |
| Forward PE | 16.91 | 19.82 | 23.45 | 16.71 | 28.17 | |
| PS Ratio | 1.86 | 1.95 | 2.36 | 2.23 | 1.20 | 1.28 |
| PB Ratio | 1.74 | 1.86 | 2.10 | 1.89 | 0.94 | 1.05 |
| P/TBV Ratio | 5.53 | 5.76 | 5.86 | 4.79 | 2.24 | 2.44 |
| P/FCF Ratio | 8.34 | 10.78 | 12.65 | 13.59 | 60.21 | 50.84 |
| P/OCF Ratio | 7.51 | 9.38 | 11.25 | 11.81 | 25.00 | 22.81 |
| EV/Sales Ratio | 1.67 | 1.84 | 2.23 | 2.12 | 1.06 | 0.93 |
| EV/EBITDA Ratio | 9.58 | 10.92 | 12.66 | 11.19 | 12.78 | |
| EV/EBIT Ratio | 11.38 | 12.78 | 15.28 | 13.50 | 18.81 | |
| EV/FCF Ratio | 7.52 | 10.23 | 11.93 | 12.92 | 53.11 | 36.89 |
| Debt / Equity Ratio | 0.04 | 0.05 | 0.06 | 0.07 | 0.09 | 0.10 |
| Debt / EBITDA Ratio | 0.16 | 0.20 | 0.24 | 0.28 | 0.58 | 1.71 |
| Debt / FCF Ratio | 0.18 | 0.28 | 0.34 | 0.49 | 5.86 | 4.84 |
| Net Debt / Equity Ratio | -0.17 | -0.12 | -0.13 | -0.13 | -0.12 | -0.24 |
| Net Debt / EBITDA Ratio | -1.05 | -0.78 | -0.84 | -0.80 | -1.80 | 6.36 |
| Net Debt / FCF Ratio | -0.82 | -0.73 | -0.79 | -0.92 | -7.48 | -11.83 |
| Asset Turnover | 0.66 | 0.66 | 0.62 | 0.59 | 0.55 | 0.54 |
| Quick Ratio | 1.07 | 0.98 | 1.05 | 1.15 | 1.15 | 1.57 |
| Current Ratio | 1.29 | 1.18 | 1.26 | 1.33 | 1.29 | 1.71 |
| Return on Equity (ROE) | 12.79% | 10.55% | 9.40% | 9.36% | 12.68% | -11.85% |
| Return on Assets (ROA) | 6.09% | 5.96% | 5.64% | 5.77% | 1.92% | -2.79% |
| Return on Invested Capital (ROIC) | 11.60% | 11.39% | 10.82% | 10.41% | 5.36% | -8.76% |
| Return on Capital Employed (ROCE) | 12.90% | 12.80% | 11.90% | 12.10% | 4.00% | -6.10% |
| Earnings Yield | 7.35% | 5.85% | 4.60% | 5.07% | 13.54% | -12.20% |
| FCF Yield | 11.98% | 9.27% | 7.90% | 7.36% | 1.66% | 1.97% |
| Dividend Yield | 10.42% | 9.48% | 7.79% | 8.08% | 15.55% | 5.45% |
| Payout Ratio | 141.93% | 171.65% | 176.28% | 163.68% | 114.44% | |
| Buyback Yield / Dilution | -1.37% | -2.38% | -1.09% | -1.76% | -3.02% | -1.97% |
| Total Shareholder Return | 9.05% | 7.10% | 6.71% | 6.31% | 12.53% | 3.48% |