Spok (NASDAQ:SPOK) Issues Earnings Results, Misses Estimates By $0.04 EPS

Spok (NASDAQ:SPOK) announced its quarterly earnings data 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 for 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 SPOK stock opened at $13.77 on Thursday. Spok has a twelve month low of $12.26 and a twelve month high of $19.31. The stock has a market cap of $283.66 million, a price-to-earnings ratio of 17.21 and a beta of 0.41. The business’s fifty day moving average is $13.33 and its 200 day moving average is $14.87.

Spok Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, March 16th. Spok’s payout ratio is presently 156.25%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SPOK shares. B. Riley Financial lowered shares of Spok from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $21.00 to $14.00 in a report on Thursday. Wall Street Zen downgraded shares of Spok from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Spok in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Spok has a consensus rating of “Hold” and a consensus price target of $14.00.

More Spok News

Here are the key news stories impacting Spok this week:

• Positive Sentiment: Company declared a quarterly cash dividend of $0.3125 per share (ex‑dividend March 16; pay date March 31), implying a roughly 9.1% yield — supports income investors and can cushion selling pressure. Spok Reports Fourth Quarter And Full Year 2025 Results
• Positive Sentiment: Management highlighted continued software subscription growth and strong performance in its software/clinical communications business during the quarter — a mix-shift toward recurring, higher-margin revenue that investors typically favor. Spok Holdings Inc (SPOK) Q4 2025 Earnings Call Highlights
• Neutral Sentiment: Full Q4 earnings call transcript and company slide deck are available for detail on revenue mix, backlog, and FY26 assumptions — useful for model revisions and assessing sustainability of margins. Spok Holdings, Inc. (SPOK) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 results missed expectations: reported EPS $0.14 vs. consensus $0.18, and revenue $33.86M vs. $34.60M consensus — an earnings/revenue miss that typically triggers downward pressure. Spok: Q4 Earnings Snapshot
• Negative Sentiment: Company narrowed FY2026 revenue guidance to $136.0M–$143.0M, below the Street consensus (~$144.2M); EPS guidance was also trimmed — this guidance shortfall is likely the principal reason the stock is trading down as it signals slower near‑term growth than analysts modeled. Spok Holdings Inc (SPOK) Q4 2025 Earnings Call Highlights

Institutional Trading of Spok

Several institutional investors have recently added to or reduced their stakes in SPOK. Parallel Advisors LLC boosted its holdings in shares of Spok by 305.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 1,353 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Spok by 69.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 1,013 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Spok by 40.0% in the second quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 747 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Spok by 319.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 2,113 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Spok by 182.8% during the 4th quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider’s stock valued at $40,000 after buying an additional 2,004 shares during the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Spok Company Profile

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.