Spok Holdings (SPOK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Spok Holdings

NasdaqGS•Healthcare•Health Information Services

$10.71+0.03(<0.01%)Market closed

Market Cap

$223.00M

P/E

18.2x

P/S

1.6x

P/B

1.6x

Spok Holdings, Inc., through its subsidiary, Spok, Inc., engages in the healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. Its products and services enhance workflows for clinicians and support administrative compliance. The company delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager. It offers subscriptions to one-way or two-way messaging services, as well as alphanumeric pagers that are configurable to support unencrypted or encrypted operation; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers. The company provides Spok Care Connect suite products for contact centers, clinical alerting and notification, mobile communications and messaging, and public safety notifications. In addition, it provides professional, software license updates, and product support services, as well as sells third-party equipment. It serves businesses, professionals, management personnel, medical personnel, field sales personnel and service forces, members of the construction industry and construction trades, real estate brokers and developers, sales and services organizations, specialty trade organizations, manufacturing organizations, and government agencies. The company was formerly known as USA Mobility, Inc. and changed its name to Spok Holdings, Inc. in July 2014. Spok Holdings, Inc. was founded in 1986 and is headquartered in Plano, Texas.

How this company scores

AverageMetricSide Score: 54/100

Strongest: Cash & Earnings Quality (21/25); weakest: Growth (5/25).

Profitability13/25

Growth5/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Interest easily coveredCash-backed earningsConsistent free cash flowNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.2x5y range 6.2x – 21.7x

Currently near its 15-quarter median.

P/S · 1.6x5y range 0.9x – 2.6x

Currently near its 20-quarter median.

P/B · 1.6x5y range 0.8x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 20.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $223.00M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $135.97M
Q. Revenue: $35.01M
TTM EBITDA: $19.81M
TTM Op. Income: $16.17M
Q. Op. Income: $5.42M
TTM Net Income: $12.24M
Q. Net Income: $4.12M
EPS: $0.2
Shares Out.: $20.90M

$135.97M in TTM revenue declined 3.4% YoY, reaching $35.01M last quarter. TTM EBITDA of $19.81M and TTM operating income of $16.17M show growth is flowing through to the bottom line. TTM net income of $12.24M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 18.1%
Op. Margin: 15.5%
Net Margin: 11.8%

Op. margin of 15.5% is up 0.4% YoY — cost efficiency is improving. Net margin at 11.8% Over the past year, operating margin is up 3% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.2x
P/S Ratio: 1.6x
P/B Ratio: 1.6x

At 18.2x P/E, the stock trades within typical market levels. P/S of 1.6x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 15% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $195.61M
Cash: $16.59M
Long-Term Debt: N/A
Book Value: $139.87M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.48M
TTM Free Cash Flow: $25.41M
FCF Margin: 18.7%
FCF / Net Income: 2.1

TTM FCF of $25.41M on $6.48M in operating cash flow. The FCF / Net Income ratio of 2.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 0% — a weakening trend.