Filing Flows › Spok Holdings (SPOK) › Q1 2025
Spok Holdings (SPOK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Spok Holdings (SPOK) reported revenue of $36.3M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +7% from the quarter before. Operating margin was 16.6%, net earnings $5.2M (14.3% of revenue).
Spok Holdings, Q1 2025: revenue $36.3M (+4% year over year), operating margin 16.6%, net earnings $5.2M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.3M | +7% | +4% |
| Operating profit | $6.0M | +30% | +23% |
| Net earnings | $5.2M | +43% | +23% |
| Operating cash flow | $2.3M | -73% | +13% |
| Free cash flow | $1.5M | -80% | +34% |
What changed
Revenue was $36.3M in Q1 2025, up 4% year over year and up 7% from the previous quarter. Paging revenue was the largest line at 49% of revenue. Professional services - projects added $910K year over year (up 26%), 66% of the total change. Hardware declined 16%.
Operating profit was $6.0M, a 16.6% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 81% reached operating profit, above the 14% margin then. Total costs grew 1% against revenue growth of 4%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $5.2M, up 23% year over year. The effective tax rate was 17.0%.
Operating cash flow was $2.3M (up 13% year over year), 43% of net earnings. Non-cash charges added back $859K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $745K left free cash flow of $1.5M.
Questions
What was Spok Holdings' revenue in the first quarter 2025?
Spok Holdings (SPOK) reported revenue of $36.3M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +7% from the quarter before.
Was Spok Holdings profitable in the first quarter 2025?
Operating profit was $6.0M (16.6% of revenue) and net earnings $5.2M.
Source: Spok Holdings 10-Q on SEC EDGAR.