Monitor the company's ability to execute on its 2026 guidance, particularly the expected revenue growth to $143M high-end, while watching for continued transition from declining wireless business to growing software solutions. The maintained dividend suggests confidence in cash flow generation.
Price Chart
Executive Summary
Spok Holdings reported mixed financial results for Q4 and full year 2025, with full-year net income up 6.1% but Q4 net income down 19.6% year-over-year. Software revenue grew 4.8% for the year driven by strong managed services growth (103.2%), while wireless revenue declined 1.4%. The company provided 2026 guidance with revenue expected between $136M-$143M and adjusted EBITDA between $27.5M-$32.5M, while maintaining its dividend policy.
Key Financial Metrics
Key Facts
- Full year 2025 net income increased 6.1% to $15.88M, but Q4 net income declined 19.6% to $2.93M
- Full year software revenue grew 4.8% to $67.19M, driven by 103.2% growth in managed services
- Full year wireless revenue declined 1.4% to $72.52M
- Company provided 2026 guidance: revenue $136M-$143M, adjusted EBITDA $27.5M-$32.5M
- Board declared regular quarterly dividend of $0.3125 per share
Financial Impact
Revenue growth in software (up 4.8% YoY) partially offset by wireless decline (down 1.4% YoY), with full year net income up 6.1% to $15.88M
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| software | $67.2M | +4.8% |
| wireless | $72.5M | -1.4% |
Risk Factors
- Continued decline in wireless business (revenue down 1.4% YoY, units in service down 6.3%)
- Q4 net income declined significantly (19.6% YoY) despite full year improvement
- Software backlog declined 6.8% YoY to $58.2M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001289945-26-000005 |
| Document: spok-20260225.htm | 0001289945-26-000005 |
| Document: 0001289945-26-000005-index-headers.html | 0001289945-26-000005 |
| Document: 0001289945-26-000005-index.html | 0001289945-26-000005 |
| Document: 0001289945-26-000005.txt | 0001289945-26-000005 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 10w ago | Insider Cluster | $10.98 $10.63 | ▲ +3.19% | ▲ +1.29% | $10.18 (+7.29%) |
Jul 29, 2026 12w ago | 8-K | $10.75 $10.36 | ▲ +3.63% | ▲ +7.59% | $10.18 (+5.30%) |
Jun 17, 2026 18w ago | Insider Buy | $10.51 $10.65 | ▲ +1.33% | ▲ +1.95% | $10.18 (−3.14%) |
Jun 8, 2026 20w ago | DEFA14A | $10.66 $10.44 | ▼ −2.06% | ▼ −3.70% | $10.18 (−4.50%) |
Feb 26, 2026 34w ago | 8-K | $11.92 $11.13 | ▼ −6.63% | ▼ −0.21% | $10.18 (−14.60%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers