Spok (SPOK) financial statements
Spok reported revenue of $140M in fiscal 2025, down 2.7% a year over 9 years.
Net income was $16M and the operating margin 14.1%, against 12.3% in 2016.
Free cash flow was $25M, and the company returned $27M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Spok's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $180M | $171M | $169M | $160M | $148M | $142M | $135M | $139M | $138M | $140M |
| Cost of revenue | $31M | $28M | $32M | $33M | $31M | $32M | $28M | $27M | $29M | $30M |
| Gross profit | $149M | $143M | $137M | $128M | $117M | $110M | $106M | $112M | $109M | $110M |
| Research and development | $13M | $19M | $24M | $28M | $16M | $18M | $14M | $11M | $12M | $12M |
| Selling, general and admin | $68M | $70M | $74M | $66M | $60M | $65M | $54M | $48M | $47M | $50M |
| Operating income | $22M | $11M | -$3M | -$16M | -$23M | -$28M | $238,000 | $21M | $19M | $20M |
| Pre-tax income | $23M | $12M | -$2M | -$13M | -$22M | -$27M | $997,000 | $22M | $20M | $21M |
| Income tax | $9M | $27M | -$706,000 | -$3M | $22M | -$5M | -$21M | $7M | $5M | $6M |
| Net income | $14M | -$15M | -$1M | -$11M | -$44M | -$22M | $22M | $16M | $15M | $16M |
| EPS (diluted) | $0.68 | -$0.76 | -$0.08 | -$0.56 | -$2.32 | -$1.14 | $1.09 | $0.77 | $0.73 | $0.75 |
| Diluted shares | 21M | 20M | 20M | 19M | 19M | 19M | 20M | 20M | 21M | 21M |
| Gross margin | 82.9% | 83.4% | 80.9% | 79.7% | 79.1% | 77.2% | 79.0% | 80.5% | 79.1% | 78.7% |
| Operating margin | 12.3% | 6.3% | -1.9% | -9.9% | -15.3% | -19.5% | 0.2% | 15.3% | 13.8% | 14.1% |
| Net margin | 7.8% | -8.9% | -0.9% | -6.7% | -29.8% | -15.6% | 16.2% | 11.3% | 10.9% | 11.4% |
Balance sheet
Fiscal years, from Spok's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $122M | $103M | $87M | $77M | $79M | $60M | $36M | $32M | $29M | $25M |
| Receivables | $24M | $30M | $32M | $30M | $30M | $27M | $27M | $23M | $22M | $23M |
| Inventory | $2M | $2M | $2M | $1M | — | — | — | — | — | — |
| Total current assets | $156M | $144M | $131M | $118M | $119M | $94M | $70M | $64M | $61M | $58M |
| Property, plant and equipment | $13M | $13M | $10M | $8M | $8M | $7M | $8M | $7M | $6M | $6M |
| Goodwill | $133M | $133M | $133M | $124M | $99M | $99M | $99M | $99M | $99M | $99M |
| Total assets | $388M | $348M | $328M | $320M | $277M | $248M | $244M | $228M | $217M | $206M |
| Total current liabilities | $56M | $48M | $45M | $51M | $57M | $55M | $54M | $48M | $49M | $49M |
| Total liabilities | $66M | $57M | $53M | $70M | $77M | $74M | $73M | $64M | $62M | $60M |
| Shareholders' equity | $322M | $291M | $275M | $250M | $200M | $173M | $171M | $164M | $155M | $146M |
| Net debt | -$122M | -$103M | -$83M | -$47M | -$49M | -$45M | -$36M | -$32M | -$29M | -$25M |
Cash flow
Fiscal years, from Spok's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $38M | $16M | $10M | $12M | $26M | $8M | $6M | $26M | $29M | $29M |
| Capital spending | $6M | $9M | $6M | $5M | $15M | $15M | $4M | $3M | $3M | $4M |
| Free cash flow | $31M | $6M | $4M | $7M | $11M | -$7M | $3M | $23M | $26M | $25M |
| Stock-based compensation | $854,000 | $4M | $5M | $4M | $6M | $7M | $4M | $4M | $5M | $5M |
| Dividends paid | $10M | $15M | $10M | $10M | $10M | $10M | $25M | $26M | $26M | $27M |
| Share buybacks (net) | -$6M | -$10M | -$13M | -$7M | $0 | $0 | — | — | — | — |
| Free cash flow margin | 17.4% | 3.7% | 2.6% | 4.3% | 7.7% | -5.1% | 2.0% | 16.4% | 18.7% | 18.0% |
| Dividends per share | $0.50 | $0.75 | $0.51 | $0.51 | $0.51 | $0.52 | $1.25 | $1.26 | $1.28 | $1.29 |
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Open SPOK in InvestinglyQuestions
What was Spok's revenue in 2025?
$140M in fiscal 2025, from its 10-K filing.
How much free cash flow does Spok generate?
$25M in fiscal 2025 (operating cash flow minus capital spending).
From Spok's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.