Spok Holdings (SPOK) AI Stock Analysis

• Market Cap: $294.35M
• Dividend Yield: 9.04%
• Average Volume (3M): 102.61K
• Price to Earnings (P/E): 17.9
• Beta (1Y): 0.64
• Revenue Growth: 1.47%
• EPS Growth: 11.33%
• Country: US
• Employees: 418
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Healthcare Information Services
• EPS (TTM): 0.15
• Shares Outstanding: 20,590,923
• 10 Day Avg. Volume: 96,486
• 30 Day Avg. Volume: 102,614
• PEG Ratio: -3.43
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 2.36
• P/FCF Ratio: 12.63
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: $15.50 ▼(-2.70% Downside)

Spok Holdings' strong earnings call performance and attractive valuation are significant positives, contributing to a high score. However, technical indicators suggest bearish momentum, and financial performance shows some challenges with recent revenue and cash flow declines. The overall score reflects a balanced view of these factors.

Positive Factors

Strong Recurring Revenue Base

A high percentage of recurring revenue ensures consistent cash flow and financial predictability, supporting long-term business sustainability.

Growth in Software Operations

Significant growth in software bookings indicates strong demand for Spok's offerings, enhancing market position and future revenue potential.

Improved Financial Guidance

Revised financial guidance reflects confidence in business prospects and operational improvements, supporting long-term growth expectations.

Negative Factors

Decline in Wireless Services Demand

A decline in wireless services demand may lead to revenue loss, requiring strategic adjustments to maintain overall business growth.

Limited New Customer Acquisition

Limited new customer acquisition could constrain future growth, emphasizing the need to expand beyond the existing customer base.

Negative Free Cash Flow Growth

Negative free cash flow growth may impact future investments and financial flexibility, posing a challenge to long-term business expansion.

Spok Holdings Business Overview & Revenue Model

Company Description

Spok Holdings, Inc. is a communication solutions provider that focuses on the healthcare sector, offering a range of products and services designed to enhance communication and collaboration among healthcare professionals. The company operates primarily through its Spok® brand, providing solutions such as secure messaging, unified communications, and enterprise messaging to hospitals and healthcare organizations. Spok's offerings aim to improve patient care and operational efficiency by facilitating timely and secure communications across various platforms.

How the Company Makes Money

Spok Holdings generates revenue primarily through the sale of its communication solutions and services to healthcare organizations. The company has a subscription-based revenue model, where clients pay for access to its software and services, which may include secure messaging platforms, alerting systems, and integration with existing healthcare technologies. Key revenue streams include recurring fees from existing clients, new client acquisitions, and maintenance and support services. Additionally, Spok benefits from partnerships with technology providers and healthcare systems, which can enhance its product offerings and expand its market reach. The focus on the healthcare sector, which requires robust and secure communication solutions, positions Spok to capitalize on ongoing trends in digital health and the increasing demand for efficient communication in clinical settings.

Spok Holdings Financial Statement Overview

Summary

Spok Holdings demonstrates solid profitability and financial stability, with strong margins and low leverage. However, recent revenue and free cash flow declines could pose challenges. Continued focus on revenue growth and cash flow management will be crucial for sustaining financial health.

Income Statement

Spok Holdings shows strong profitability with a consistent gross profit margin around 80% and improving net profit margins, reaching 12.12% in TTM. However, revenue growth has been negative recently, indicating potential challenges in expanding sales. EBIT and EBITDA margins are healthy, reflecting efficient operations.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating prudent financial leverage. Return on equity is positive, though slightly declining, suggesting effective use of equity. The equity ratio remains strong, showcasing financial stability.

Cash Flow

Operating cash flow is robust relative to net income, indicating good cash generation. However, free cash flow growth has been negative recently, which could impact future investments. The free cash flow to net income ratio is strong, reflecting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	139.74M	137.65M	139.03M	134.53M	142.15M	148.18M
Gross Profit	90.70M	80.77M	81.87M	75.28M	69.89M	110.58M
EBITDA	26.47M	24.18M	26.82M	4.57M	-16.89M	-12.71M
Net Income	16.59M	14.96M	15.67M	21.86M	-22.18M	-44.23M
Balance Sheet
Total Assets	209.65M	217.10M	227.68M	244.48M	248.15M	277.29M
Cash, Cash Equivalents and Short-Term Investments	21.38M	29.14M	31.99M	35.75M	59.58M	78.72M
Total Debt	7.36M	8.77M	11.09M	15.70M	17.29M	14.72M
Total Liabilities	60.96M	62.36M	63.91M	72.40M	74.46M	76.68M
Stockholders Equity	148.70M	154.75M	163.77M	172.08M	173.69M	200.61M
Cash Flow
Free Cash Flow	22.62M	25.71M	22.77M	2.68M	-7.27M	11.46M
Operating Cash Flow	25.83M	28.92M	26.18M	6.46M	7.97M	26.16M
Investing Cash Flow	-2.51M	-3.21M	-3.42M	11.26M	-225.00K	-14.57M
Financing Cash Flow	-29.76M	-28.54M	-26.68M	-26.22M	-11.75M	-10.37M

Spok Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPOK, the sentiment is Negative. The current price of 15.93 is above the 20-day moving average (MA) of 15.78, below the 50-day MA of 16.79, and below the 200-day MA of 16.28, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 28.28 is Positive, neither overbought nor oversold. The STOCH value of 22.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPOK.

Spok Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPOK	―	$294.35M	17.91	10.88%	9.04%	1.47%	11.33%
OPRX	―	$380.40M	―	-8.21%	―	25.90%	46.13%
CCLD	―	$124.85M	―	22.69%	―	0.04%	98.87%
NRC	―	$308.13M	18.97	66.53%	3.62%	-3.50%	-36.95%
TBRG	―	$288.52M	-22.77	-6.81%	―	3.42%	77.05%
HCAT	―	$230.83M	―	-28.42%	―	5.55%	-0.99%
Sector *	―	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Spok Holdings Corporate Events

Spok Holdings Reports Q3 2025 Earnings Growth

Spok Holdings, Inc., headquartered in Plano, Texas, is a global leader in healthcare communications, providing clinical information solutions to enhance patient outcomes and support administrative compliance in hospitals worldwide.

Spok Holdings Reports Strong Q3 2025 Financial Results

On October 29, 2025, Spok Holdings announced its third-quarter results, highlighting a 14.4% increase in net income and a 0.8% rise in adjusted EBITDA compared to the previous year. The company declared a regular quarterly dividend of $0.3125 per share, payable on December 9, 2025. Spok’s software operations secured 59 significant customer contracts, maintaining consistent levels with the prior year, and the software backlog reached $60.9 million. The company also reported a 3.0% year-over-year increase in wireless average revenue per unit and improved wireless net churn. Spok returned $6.4 million to stockholders in the third quarter and invested $9.1 million in research and development, supporting its product platform. With a cash balance of $21.4 million and no debt as of September 30, 2025, Spok reaffirmed its 2025 financial guidance, emphasizing continued growth in key performance areas.

The most recent analyst rating on (SPOK) stock is a Buy with a $19.50 price target. To see the full list of analyst forecasts on Spok Holdings stock, see the SPOK Stock Forecast page.

Spok Holdings Highlights Strategic Goals in Investor Presentation

On August 1, 2025, Spok Holdings, Inc. released an investor presentation highlighting its strategic goals and financial performance. The company emphasized its strong cash flow generation, substantial returns to shareholders, and a focus on expanding its software pipeline. Spok’s commitment to maintaining long-standing customer relationships with top hospitals and its leadership in healthcare communications were underscored. The presentation also addressed fiscal challenges in the healthcare industry and Spok’s strategies to manage these, including new product releases and managed maintenance agreements. Spok’s top client satisfaction scores and its top-rated spot in a new category for critical alert messaging by Black Book further reinforce its strong market position.

The most recent analyst rating on (SPOK) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Spok Holdings stock, see the SPOK Stock Forecast page.

Spok Holdings’ Earnings Call Highlights Growth and Guidance

Spok Holdings’ recent earnings call exuded a positive sentiment, underscored by substantial growth in software operations and a robust financial performance. The company has increased its financial guidance, reflecting confidence in its market positioning, particularly within the healthcare sector. However, challenges such as a decline in wireless services demand and increased operating expenses were acknowledged, yet the company remains well-positioned with strong industry relationships.

Spok Holdings Reports Strong Q2 2025 Growth

Spok Holdings, Inc., headquartered in Plano, Texas, is a global leader in healthcare communications, providing clinical information solutions to enhance patient outcomes and streamline workflows for care teams.