Filing Flows › Spok Holdings (SPOK) › Q2 2026 › vs Q2 2025
Spok Holdings (SPOK) Q2 2026 vs Q2 2025 (year over year)
Spok Holdings's revenue fell $675K (-2%) from $35.7M in Q2 2025 to $35.0M in Q2 2026. The biggest changes: Wireless revenue −$1.2M (-7%); Software revenue +$552K (+3%). Operating margin 15.5% against 15.1% (+0.4 pts).
Spok Holdings, Q2 2026: revenue $35.0M (-2% year over year), operating margin 15.5%, net earnings $4.1M, operating cash flow $6.5M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 15.1% | +0.4 pts |
| Net margin | 11.8% | 12.8% | -1.0 pts |
| Free cash flow margin | 16.8% | 16.8% | -0.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Paging revenue | $16.0M | $17.2M | −$1.2M | -7% |
| Maintenance and subscription | $8.9M | $9.1M | −$187K | -2% |
| License | $3.6M | $2.4M | $1.2M | +52% |
| Professional services - projects | $2.8M | $3.8M | −$1.1M | -28% |
| Professional services - managed services | $2.3M | $1.5M | $812K | +53% |
| Product and other revenue | $1.2M | $1.2M | −$46K | -4% |
| Hardware | $128K | $376K | −$248K | -66% |
| Software revenue | $17.8M | $17.2M | $552K | +3% |
| Wireless revenue | $17.2M | $18.4M | −$1.2M | -7% |
| Revenue | $35.0M | $35.7M | −$675K | -2% |
| Other income, net | $211K | $990K | −$779K | -79% |
| Operating profit | $5.4M | $5.4M | $33K | +0.6% |
| Costs & expenses | $29.6M | $30.3M | −$708K | -2% |
| Pre-tax earnings | $5.6M | $6.4M | −$746K | -12% |
| Cost of revenue | $6.8M | $7.4M | −$567K | -8% |
| Research & development | $3.3M | $3.1M | $215K | +7% |
| Sales & marketing | $3.9M | $4.3M | −$426K | -10% |
| General & admin | $7.2M | $8.4M | −$1.2M | -14% |
| Other operating costs | $8.3M | $7.1M | $1.2M | +17% |
| Net earnings | $4.1M | $4.6M | −$432K | -9% |
| Income tax | $1.5M | $1.8M | −$314K | -17% |
| Depreciation & amortization | $929K | $854K | $75K | +9% |
| Share-based compensation | $1.4M | $1.2M | $159K | +13% |
| Working capital & other | $48K | $408K | −$360K | -88% |
| Operating cash flow | $6.5M | $7.0M | −$558K | -8% |
| Free cash flow (OCF − capex) | $5.9M | $6.0M | −$120K | -2% |
| Capital expenditures | $608K | $1.0M | −$438K | -42% |
Questions
How much did Spok Holdings's revenue grow year over year in Q2 2026?
Spok Holdings's revenue fell $675K (-2%) from $35.7M in Q2 2025 to $35.0M in Q2 2026.
What drove Spok Holdings's revenue change in Q2 2026?
Wireless revenue −$1.2M (-7%); Software revenue +$552K (+3%).