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Spok Holdings (SPOK) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 26, 2026

Spok Holdings (SPOK) reported revenue of $33.9M for the fourth quarter 2025 (Q4 2025), -0.1% from a year earlier and 0% from the quarter before. Operating margin was 11.6%, net earnings $2.9M (8.7% of revenue).

Revenue$33.9M
Year over year-0.1%
Quarter over quarter0%
Operating margin11.6%
Net earnings$2.9M

Spok Holdings, Q4 2025: revenue $33.9M (-0.1% year over year), operating margin 11.6%, net earnings $2.9M, operating cash flow $11.5M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$33.9M0%-0.1%
Operating profit$3.9M-10%-15%
Net earnings$2.9M-9%-20%
Operating cash flow$11.5M+42%+37%
Free cash flow$10.1M+34%+34%

What changed

Revenue was $33.9M in Q4 2025, roughly flat year over year and roughly flat from the previous quarter. Paging revenue was the largest line at 50% of revenue.

Operating profit was $3.9M, a 11.6% margin (down 2.0 points year over year). Total costs grew 2% against flat revenue. The fastest-growing cost line was Research & development (+10%). Net earnings were $2.9M, down 20% year over year. The effective tax rate was 30.6%.

Operating cash flow was $11.5M (up 37% year over year), 393% of net earnings. Non-cash charges added back $858K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $6.5M. Capital expenditures of $1.4M left free cash flow of $10.1M.

Questions

What was Spok Holdings' revenue in the fourth quarter 2025?

Spok Holdings (SPOK) reported revenue of $33.9M for the fourth quarter 2025 (Q4 2025), -0.1% from a year earlier and 0% from the quarter before.

Was Spok Holdings profitable in the fourth quarter 2025?

Operating profit was $3.9M (11.6% of revenue) and net earnings $2.9M.

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Source: Spok Holdings 10-K on SEC EDGAR.