Spok (NASDAQ:SPOK) Posts Earnings Results, Misses Expectations By $0.04 EPS

Spok (NASDAQ:SPOK) posted its earnings results on Wednesday. The Wireless communications provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04), FiscalAI reports. The firm had revenue of $33.86 million during the quarter, compared to analyst estimates of $34.60 million. Spok had a net margin of 11.88% and a return on equity of 10.95%.

Here are the key takeaways from Spok’s conference call:

• Spok returned $27.3 million to shareholders in 2025 and expects to pay dividends in excess of $27 million in 2026, continuing a long track record of capital returns (company says nearly $730 million returned since 2004).
• Software momentum accelerated in Q4 with software operations bookings up 14% year‑over‑year and 83% sequentially, and management expects total bookings to grow in 2026 — guidance implies software revenue ($68–$72M) could exceed wireless for the first time.
• Spok remains profitable and cash-generative: GAAP net income of $15.9M in 2025, $29M adjusted EBITDA (~21% margin), year‑end cash of $25.3M, and continued R&D investment (> $12M).
• Wireless is a secular headwind — wireless revenue declined to $72.5M in 2025 and unit losses persist, although ARPU increases, pricing actions, and GenA pager adoption (~72,000 units) have moderated the decline.
• Cancelable backlog nearly tripled to about $16M as larger deals include more cancelable terms; management expects to collect these amounts but this raises execution and revenue realization risk.

Spok Stock Down 0.3%

Shares of NASDAQ:SPOK traded down $0.04 during trading on Wednesday, reaching $13.77. 166,745 shares of the company traded hands, compared to its average volume of 148,726. The firm has a market capitalization of $283.66 million, a PE ratio of 17.21 and a beta of 0.41. Spok has a 52 week low of $12.26 and a 52 week high of $19.31. The company’s 50 day moving average is $13.32 and its two-hundred day moving average is $14.88.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPOK shares. Weiss Ratings restated a “hold (c+)” rating on shares of Spok in a research note on Monday, December 29th. Wall Street Zen downgraded Spok from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Spok has a consensus rating of “Buy” and an average price target of $20.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPOK. AQR Capital Management LLC bought a new position in Spok in the 1st quarter valued at approximately $271,000. Goldman Sachs Group Inc. increased its holdings in shares of Spok by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock worth $8,575,000 after buying an additional 130,478 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Spok during the first quarter worth $467,000. JPMorgan Chase & Co. lifted its stake in shares of Spok by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 224,053 shares of the Wireless communications provider’s stock valued at $3,961,000 after acquiring an additional 24,991 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Spok by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 34,805 shares of the Wireless communications provider’s stock valued at $615,000 after acquiring an additional 1,773 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.