15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.2% per year over the past 5 years.
Operating margin has expanded, at 14.1% in the latest year.
Free cash flow has grown 2.1% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 171.6% of earnings and 108.2% of free cash flow.
The dividend has grown 22.8% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$140M
$16M
78.7%
14.1%
$25M
—
$25M
2024
$138M
$15M
79.1%
13.8%
$26M
—
$29M
2023
$139M
$16M
80.5%
15.3%
$23M
—
$32M
2022
$135M
$22M
79.0%
0.2%
$3M
—
$36M
2021
$142M
-$22M
77.2%
-19.5%
$4M
—
$45M
2020
$148M
-$44M
79.1%
-15.3%
$23M
—
$49M
2019
$160M
-$11M
79.7%
-9.9%
$7M
—
$47M
2018
$169M
-$1M
80.9%
-1.9%
$4M
—
$83M
2017
$171M
-$15M
83.4%
6.3%
$6M
—
$103M
2016
$180M
$14M
82.9%
12.3%
$31M
—
$122M
2015
—
$80M
—
—
$36M
$0
$109M
2014
—
$21M
—
—
$34M
$0
$108M
2013
—
$28M
—
—
$40M
$0
$89M
2012
—
$27M
—
—
$63M
$0
$61M
2011
—
$84M
—
—
$74M
$28M
$54M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$33M
$2M
76.7%
7.4%
$2M
—
$17M
Dec '25
$34M
$3M
76.7%
11.6%
$10M
—
$25M
Sep '25
$34M
$3M
78.3%
12.9%
$8M
—
$21M
Jun '25
$36M
$5M
79.5%
15.1%
$6M
—
$20M
Mar '25
$36M
$5M
79.9%
16.6%
$2M
—
$20M
Dec '24
$34M
$4M
78.5%
13.7%
$8M
—
$29M
Sep '24
$35M
$4M
79.5%
14.2%
$10M
—
$28M
Jun '24
$34M
$3M
78.9%
13.2%
$7M
—
$24M
Mar '24
$35M
$4M
79.5%
14.0%
$1M
—
$23M
Dec '23
$34M
$3M
79.6%
12.0%
$11M
—
$32M
Sep '23
$35M
$4M
81.3%
17.5%
$3M
—
$27M
Jun '23
$36M
$5M
81.6%
17.0%
$7M
—
$31M
Mar '23
$33M
$3M
80.3%
14.2%
$2M
—
$30M
Dec '22
$33M
$24M
79.4%
8.9%
$5M
—
$36M
Sep '22
$34M
$3M
80.4%
10.5%
$5M
—
$37M
Jun '22
$34M
$2M
79.3%
7.2%
-$2M
—
$23M
Mar '22
$34M
-$7M
76.9%
-25.6%
-$6M
—
$31M
Dec '21
$35M
-$17M
76.0%
-60.2%
-$3M
—
$45M
Sep '21
$36M
-$7M
76.7%
-9.9%
$5M
—
$37M
Jun '21
$36M
-$719000
78.0%
-4.5%
$2M
—
$38M
Valuation over time
How the market has priced SPOK against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.7× (Mar '23) to 13.7× (Jun '26).
The price-to-sales ratio has fallen from 1.6× (Mar '23) to 1.6× (Jun '26).
The dividend yield has risen from 11.8% (Mar '23) to 12.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is SPOK growing its revenue and profit?
Over the past 5 years, Spok Holdings, Inc's revenue has declined 1.2% per year. These are computed facts, not advice.
How much debt does SPOK have?
As of FY2025, Spok Holdings, Inc reported — of total debt against $25M of cash.
What is SPOK's profit margin?
In FY2025, gross margin was 78.7%, operating margin 14.1%, and net margin 11.4%.
What is SPOK's P/E ratio?
As of Jun '26, Spok Holdings, Inc traded at a price-to-earnings ratio of about 13.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.