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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$140M
$16M
78.7%
14.1%
10.8%
7.7%
$25M
—
$25M
2024
$138M
$15M
79.1%
13.8%
9.7%
6.9%
$26M
—
$29M
2023
$139M
$16M
80.5%
15.3%
9.6%
6.9%
$23M
—
$32M
2022
$135M
$22M
79.0%
0.2%
12.8%
8.9%
$3M
—
$36M
2021
$142M
-$22M
77.2%
-19.5%
-12.8%
-8.9%
$4M
—
$45M
2020
$148M
-$44M
79.1%
-15.3%
-22.2%
-15.9%
$23M
—
$49M
2019
$160M
-$11M
79.7%
-9.9%
-4.3%
-3.4%
$7M
—
$47M
2018
$169M
-$1M
80.9%
-1.9%
-0.5%
-0.5%
$4M
—
$83M
2017
$171M
-$15M
83.4%
6.3%
-5.3%
-4.4%
$6M
—
$103M
2016
$180M
$14M
82.9%
12.3%
4.3%
3.6%
$31M
—
$122M
2015
—
$80M
—
—
24.3%
20.8%
$36M
$0
$109M
2014
—
$21M
—
—
7.4%
6.1%
$34M
$0
$108M
2013
—
$28M
—
—
10.2%
8.4%
$40M
$0
$89M
2012
—
$27M
—
—
10.7%
8.4%
$63M
$0
$61M
2011
—
$84M
—
—
33.8%
23.6%
$74M
$28M
$54M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$33M
$10M
79.7%
17.1%
6.7%
4.9%
$12M
—
$30M
Jun '26
$35M
$4M
80.5%
15.5%
2.9%
2.1%
$6M
—
$17M
Mar '26
$33M
$2M
76.7%
7.4%
1.4%
1.0%
$2M
—
$17M
Dec '25
$34M
$3M
76.7%
11.6%
2.0%
1.4%
$10M
—
$25M
Sep '25
$34M
$3M
78.1%
12.9%
2.2%
1.5%
$8M
—
$21M
Jun '25
$36M
$5M
79.3%
15.1%
3.0%
2.2%
$6M
—
$20M
Mar '25
$36M
$5M
79.9%
16.6%
3.4%
2.5%
$2M
—
$20M
Dec '24
$34M
$4M
78.5%
13.7%
2.4%
1.7%
$8M
—
$29M
Sep '24
$35M
$4M
79.5%
14.2%
2.3%
1.7%
$10M
—
$28M
Jun '24
$34M
$3M
78.9%
13.2%
2.2%
1.6%
$7M
—
$24M
Mar '24
$35M
$4M
79.5%
14.0%
2.6%
2.0%
$1M
—
$23M
Dec '23
$34M
$3M
79.6%
12.0%
2.1%
1.5%
$11M
—
$32M
Sep '23
$35M
$4M
81.3%
17.5%
2.7%
2.0%
$3M
—
$27M
Jun '23
$36M
$5M
81.6%
17.0%
2.8%
2.0%
$7M
—
$31M
Mar '23
$33M
$3M
80.3%
14.2%
1.9%
1.3%
$2M
—
$30M
Dec '22
$33M
$24M
79.4%
8.9%
14.2%
9.9%
$5M
—
$36M
Sep '22
$34M
$3M
80.4%
10.5%
1.9%
1.3%
$5M
—
$37M
Jun '22
$34M
$2M
79.3%
7.2%
1.2%
0.8%
-$2M
—
$23M
Mar '22
$34M
-$7M
76.9%
-25.6%
-4.5%
-3.1%
-$6M
—
$31M
Dec '21
$35M
-$17M
76.0%
-60.2%
-9.7%
-6.7%
-$3M
—
$45M
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 15.9× (Nov '26).
The price-to-sales ratio has risen from 1.6× (Mar '23) to 1.8× (Nov '26).
The dividend yield has fallen from 11.8% (Mar '23) to 10.8% (Nov '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?
Spok Holdings, Inc's P/E (TTM) is 13.44 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SPOK stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 15.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.