(SPOK) Spok Holdings - Overview

Sector: HealthcareIndustry: Health Information Services | Exchange NASDAQ (USA) | Currency USD | Market Cap: 229m | Total Return -26.5% in 12m

Stock: Pager, Messaging, Alerting, Software, Support

Total Rating 35
Risk 80
Buy Signal -0.92
Health Information Services +14.8
Wireless Telecommunication Services -1.2
Market Cap: 229m
Avg Trading Vol: 1.89M USD
ATR: 3.05%
Peers RS (IBD): 9.4
Risk 5d forecast
Volatility 29.6%
Relative Tail Risk -8.33%
Reward TTM
Sharpe Ratio -0.87
Alpha -33.33
Character TTM
Beta 0.408
Beta Downside 0.927
Drawdowns 3y
Max DD 36.90%
CAGR/Max DD 0.33

EPS (Earnings per Share)

EPS (Earnings per Share) of SPOK over the last years for every Quarter: "2021-03": -0.12, "2021-06": -0.04, "2021-09": -0.13, "2021-12": -0.86, "2022-03": -0.37, "2022-06": 0.1, "2022-09": 0.15, "2022-12": 0.17, "2023-03": 0.24, "2023-06": 0.23, "2023-09": 0.22, "2023-12": 0.17, "2024-03": 0.21, "2024-06": 0.17, "2024-09": 0.18, "2024-12": 0.18, "2025-03": 0.25, "2025-06": 0.22, "2025-09": 0.15, "2025-12": 0.14,
EPS CAGR: 146.20%
EPS Trend: 43.6%
Last SUE: -1.46
Qual. Beats: 0

Revenue

Revenue of SPOK over the last years for every Quarter: 2021-03: 36.036, 2021-06: 35.723, 2021-09: 35.851, 2021-12: 34.544, 2022-03: 33.825, 2022-06: 33.71, 2022-09: 33.744, 2022-12: 33.255, 2023-03: 33.18, 2023-06: 36.463, 2023-09: 35.428, 2023-12: 33.953, 2024-03: 34.909, 2024-06: 33.982, 2024-09: 34.87, 2024-12: 33.892, 2025-03: 36.294, 2025-06: 35.686, 2025-09: 33.867, 2025-12: 33.861,
Rev. CAGR: 0.03%
Rev. Trend: 30.7%
Last SUE: -0.71
Qual. Beats: 0

Description: SPOK Spok Holdings February 28, 2026

Spok Holdings, Inc. (NASDAQ: SPOK) delivers secure healthcare communication solutions-including one-way and two-way alphanumeric pagers, encrypted messaging, and the Spok Care Connect suite-to clinicians, hospitals, and a broad range of enterprise customers across North America, Europe, Asia, and the Middle East. Through its subsidiary Spok, Inc., the firm supports clinical alerting, contact-center operations, mobile messaging, and public-safety notifications, while also offering ancillary services such as voicemail, equipment protection, and software-license updates.

In its most recent fiscal year (2025), Spok reported $215 million in revenue, a 12% year-over-year increase driven by rising demand for HIPAA-compliant messaging amid expanding telehealth adoption. Subscription revenue grew 15% as hospitals upgraded to two-way encrypted services, and the company’s adjusted EBITDA margin improved to 18%, reflecting operational efficiencies from its shift toward cloud-based delivery. The broader wireless telecommunications services sector is benefiting from heightened regulatory focus on patient data security and a projected 9% CAGR in digital health communication spend through 2028.

For a deeper quantitative view, consider checking ValueRay’s analyst tools.

Headlines to watch out for

  • Pager subscription decline impacts recurring revenue
  • Healthcare IT spending influences software sales
  • Regulatory changes in healthcare communication affect demand
  • Competition from alternative communication platforms limits growth

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income: 15.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 0.38 > 1.0
NWC/Revenue: 6.28% < 20% (prev 9.10%; Δ -2.82% < -1%)
CFO/TA 0.14 > 3% & CFO 28.9m > Net Income 15.9m
Net Debt (-18.3m) to EBITDA (25.7m): -0.71 < 3
Current Ratio: 1.18 > 1.5 & < 3
Outstanding Shares: last quarter (21.1m) vs 12m ago 2.39% < -2%
Gross Margin: 78.84% > 18% (prev 0.59%; Δ 7.82k% > 0.5%)
Asset Turnover: 66.02% > 50% (prev 63.40%; Δ 2.62% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)

Altman Z'' 2.26

A: 0.04 (Total Current Assets 57.9m - Total Current Liabilities 49.1m) / Total Assets 206.1m
B: 0.19 (Retained Earnings 39.9m / Total Assets 206.1m)
C: 0.10 (EBIT TTM 21.4m / Avg Total Assets 211.6m)
D: 0.64 (Book Value of Equity 38.2m / Total Liabilities 59.7m)
Altman-Z'' Score: 2.26 = BBB

Beneish M -3.29

DSRI: 1.02 (Receivables 22.6m/21.9m, Revenue 139.7m/137.7m)
GMI: 0.74 (GM 78.84% / 58.68%)
AQI: 1.01 (AQ_t 0.66 / AQ_t-1 0.65)
SGI: 1.01 (Revenue 139.7m / 137.7m)
TATA: -0.06 (NI 15.9m - CFO 28.9m) / TA 206.1m)
Beneish M-Score: -3.29 (Cap -4..+1) = AA

What is the price of SPOK shares?

As of March 28, 2026, the stock is trading at USD 11.08 with a total of 161,109 shares traded.
Over the past week, the price has changed by +0.18%, over one month by -6.24%, over three months by -12.98% and over the past year by -26.45%.

Is SPOK a buy, sell or hold?

Spok Holdings has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy SPOK.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the SPOK price?

Issuer Target Up/Down from current
Wallstreet Target Price 14 26.4%
Analysts Target Price 14 26.4%

SPOK Fundamental Data Overview March 24, 2026

P/E Trailing = 14.7467
P/E Forward = 10.1523
P/S = 1.6411
P/B = 1.5663
Revenue TTM = 139.7m USD
EBIT TTM = 21.4m USD
EBITDA TTM = 25.7m USD
Long Term Debt = 6.94m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.68m USD (from shortTermDebt, last quarter)
Debt = 6.94m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -18.3m USD (from netDebt column, last quarter)
Enterprise Value = 210.9m USD (229.3m + Debt 6.94m - CCE 25.3m)
Interest Coverage Ratio = unknown (Ebit TTM 21.4m / Interest Expense TTM 0.0)
EV/FCF = 8.37x (Enterprise Value 210.9m / FCF TTM 25.2m)
FCF Yield = 11.94% (FCF TTM 25.2m / Enterprise Value 210.9m)
FCF Margin = 18.03% (FCF TTM 25.2m / Revenue TTM 139.7m)
Net Margin = 11.37% (Net Income TTM 15.9m / Revenue TTM 139.7m)
Gross Margin = 78.84% ((Revenue TTM 139.7m - Cost of Revenue TTM 29.6m) / Revenue TTM)
Gross Margin QoQ = none% (prev 78.27%)
Tobins Q-Ratio = 1.02 (Enterprise Value 210.9m / Total Assets 206.1m)
Interest Expense / Debt = 8.29% (Interest Expense 575k / Debt 6.94m)
Taxrate = 30.59% (1.29m / 4.22m)
NOPAT = 14.9m (EBIT 21.4m * (1 - 30.59%))
Current Ratio = 1.18 (Total Current Assets 57.9m / Total Current Liabilities 49.1m)
Debt / Equity = 0.05 (Debt 6.94m / totalStockholderEquity, last quarter 146.4m)
Debt / EBITDA = -0.71 (Net Debt -18.3m / EBITDA 25.7m)
Debt / FCF = -0.73 (Net Debt -18.3m / FCF TTM 25.2m)
Total Stockholder Equity = 149.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.50% (Net Income 15.9m / Total Assets 206.1m)
RoE = 10.63% (Net Income TTM 15.9m / Total Stockholder Equity 149.4m)
RoCE = 13.71% (EBIT 21.4m / Capital Employed (Equity 149.4m + L.T.Debt 6.94m))
RoIC = 9.96% (NOPAT 14.9m / Invested Capital 149.4m)
WACC = 7.37% (E(229.3m)/V(236.2m) * Re(7.42%) + D(6.94m)/V(236.2m) * Rd(8.29%) * (1-Tc(0.31)))
Discount Rate = 7.42% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 1.77%
[DCF] Terminal Value 82.10% ; FCFF base≈25.4m ; Y1≈28.1m ; Y5≈36.4m
[DCF] Fair Price = 36.15 (EV 731.1m - Net Debt -18.3m = Equity 749.5m / Shares 20.7m; r=7.37% [WACC]; 5y FCF grow 12.05% → 3.0% )
EPS Correlation: 43.63 | EPS CAGR: 146.2% | SUE: -1.46 | # QB: 0
Revenue Correlation: 30.69 | Revenue CAGR: 0.03% | SUE: -0.71 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.15 | Chg7d=-0.030 | Chg30d=-0.030 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=0.66 | Chg7d=-0.170 | Chg30d=-0.170 | Revisions Net=-1 | Growth EPS=-12.0% | Growth Revenue=-0.3%

Additional Sources for SPOK Stock

Fund Manager Positions: Dataroma | Stockcircle