Filing Flows › Spok Holdings (SPOK) › Q3 2026 › vs Q3 2025
Spok Holdings (SPOK) Q3 2026 vs Q3 2025 (year over year)
Spok Holdings's revenue fell $868K (-3%) from $33.9M in Q3 2025 to $33.0M in Q3 2026. The biggest changes: Wireless revenue −$805K (-5%); Software revenue −$63K (-0.4%). Operating margin 17.1% against 12.9% (+4.2 pts).
Spok Holdings, Q3 2026: revenue $33.0M (-3% year over year), operating margin 17.1%, net earnings $9.7M, operating cash flow $13.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.1% | 12.9% | +4.2 pts |
| Net margin | 29.4% | 9.5% | +20.0 pts |
| Free cash flow margin | 37.1% | 22.4% | +14.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Paging revenue | $16.0M | $16.9M | −$881K | -5% |
| Maintenance and subscription | $9.1M | $9.1M | −$92K | -1% |
| Professional services - projects | $3.0M | $3.6M | −$679K | -19% |
| Professional services - managed services | $2.4M | $1.8M | $548K | +30% |
| License | $1.4M | $1.1M | $317K | +29% |
| Product and other revenue | $953K | $877K | $76K | +9% |
| Hardware | $236K | $393K | −$157K | -40% |
| Wireless revenue | $17.0M | $17.8M | −$805K | -5% |
| Software revenue | $16.0M | $16.1M | −$63K | -0.4% |
| Revenue | $33.0M | $33.9M | −$868K | -3% |
| Other income, net | $7.7M | $221K | $7.5M | 35× |
| Operating profit | $5.6M | $4.4M | $1.3M | +29% |
| Costs & expenses | $27.4M | $29.5M | −$2.1M | -7% |
| Pre-tax earnings | $13.3M | $4.6M | $8.8M | +191% |
| Cost of revenue | $6.7M | $7.4M | −$722K | -10% |
| Research & development | $3.2M | $3.0M | $193K | +6% |
| Sales & marketing | $3.3M | $4.2M | −$980K | -23% |
| General & admin | $7.2M | $7.7M | −$536K | -7% |
| Other operating costs | $7.0M | $7.1M | −$101K | -1% |
| Net earnings | $9.7M | $3.2M | $6.5M | +203% |
| Income tax | $3.6M | $1.4M | $2.3M | +164% |
| Depreciation & amortization | $956K | $858K | $98K | +11% |
| Share-based compensation | $1.8M | $1.2M | $581K | +47% |
| Working capital & other | $480K | $2.8M | −$2.3M | -83% |
| Operating cash flow | $13.0M | $8.1M | $4.8M | +60% |
| Free cash flow (OCF − capex) | $12.2M | $7.6M | $4.7M | +62% |
| Capital expenditures | $738K | $557K | $181K | +32% |
Questions
How much did Spok Holdings's revenue grow year over year in Q3 2026?
Spok Holdings's revenue fell $868K (-3%) from $33.9M in Q3 2025 to $33.0M in Q3 2026.
What drove Spok Holdings's revenue change in Q3 2026?
Wireless revenue −$805K (-5%); Software revenue −$63K (-0.4%).