Spok (SPOK) Financials

$10.73 -0.16 (-1.47%)

As of 01:52 PM Eastern

Annual Income Statements for Spok

This table shows Spok's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	22	16	15
Consolidated Net Income / (Loss)	22	16	15
Net Income / (Loss) Continuing Operations	22	16	15
Total Pre-Tax Income	1.00	22	20
Total Operating Income	0.24	21	19
Total Gross Profit	106	112	109
Total Revenue	135	139	138
Operating Revenue	135	139	138
Total Cost of Revenue	28	27	28
Operating Cost of Revenue	28	27	28
Total Operating Expenses	106	91	90
Selling, General & Admin Expense	38	33	33
Marketing Expense	16	16	16
Research & Development Expense	14	11	12
Depreciation Expense	3.57	4.50	4.15
Other Operating Expenses / (Income)	27	26	24
Restructuring Charge	7.33	0.57	1.10
Total Other Income / (Expense), net	0.76	1.10	1.07
Interest & Investment Income	0.59	1.10	1.15
Other Income / (Expense), net	0.17	-0.00	-0.09
Income Tax Expense	-21	6.66	5.07
Basic Earnings per Share	$1.11	$0.79	$0.74
Weighted Average Basic Shares Outstanding	19.67M	19.95M	20.24M
Diluted Earnings per Share	$1.09	$0.77	$0.73
Weighted Average Diluted Shares Outstanding	19.99M	20.34M	20.57M
Weighted Average Basic & Diluted Shares Outstanding	20.00M	20.14M	20.42M
Cash Dividends to Common per Share	$1.25	$1.25	$1.25

This table shows Spok's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	2.92	24	3.12	4.73	4.45	3.37	4.24	3.43	3.66	3.64
Consolidated Net Income / (Loss)	2.92	24	3.12	4.73	4.45	3.37	4.24	3.43	3.66	3.64
Net Income / (Loss) Continuing Operations	2.92	24	3.12	4.73	4.45	3.37	4.24	3.43	3.66	3.64
Total Pre-Tax Income	3.77	3.24	5.04	6.43	6.49	4.36	5.14	4.85	5.15	4.89
Total Operating Income	3.54	2.96	4.72	6.22	6.21	4.08	4.89	4.47	4.96	4.64
Total Gross Profit	27	26	27	30	29	27	28	27	28	27
Total Revenue	34	33	33	36	35	34	35	34	35	34
Operating Revenue	34	33	33	36	35	34	35	34	35	34
Total Cost of Revenue	6.62	6.86	6.54	6.73	6.62	6.93	7.14	7.16	7.13	7.00
Operating Cost of Revenue	6.62	6.86	6.54	6.73	6.62	6.93	7.14	7.16	7.13	7.00
Total Operating Expenses	24	23	22	24	23	23	23	22	23	22
Selling, General & Admin Expense	8.87	8.87	7.70	8.49	8.22	8.76	7.98	8.07	8.53	8.72
Marketing Expense	3.44	3.67	3.90	4.35	4.07	4.03	4.15	3.51	3.93	4.27
Research & Development Expense	2.22	2.28	2.49	2.85	2.56	2.64	2.95	3.18	2.83	2.59
Depreciation Expense	0.83	0.94	1.24	1.27	1.27	0.73	1.07	1.07	1.08	0.94
Other Operating Expenses / (Income)	6.72	6.80	6.59	6.45	6.41	6.40	6.30	6.18	6.08	5.74
Restructuring Charge	1.50	0.88	0.01	0.11	0.08	0.38	0.43	0.35	0.33	0.00
Total Other Income / (Expense), net	0.23	0.28	0.33	0.22	0.28	0.28	0.25	0.38	0.19	0.25
Other Income / (Expense), net	0.10	0.06	0.05	-0.14	0.04	0.04	-0.00	-0.01	-0.08	0.01
Income Tax Expense	0.85	-21	1.93	1.70	2.04	0.99	0.91	1.43	1.49	1.24
Basic Earnings per Share	$0.15	$1.23	$0.16	$0.24	$0.22	$0.17	$0.21	$0.17	$0.18	$0.18
Weighted Average Basic Shares Outstanding	19.69M	19.67M	19.90M	19.96M	19.97M	19.95M	20.17M	20.25M	20.26M	20.24M
Diluted Earnings per Share	$0.15	$1.21	$0.15	$0.23	$0.22	$0.17	$0.21	$0.17	$0.18	$0.17
Weighted Average Diluted Shares Outstanding	19.90M	19.99M	20.18M	20.26M	20.30M	20.34M	20.45M	20.47M	20.52M	20.57M
Weighted Average Basic & Diluted Shares Outstanding	19.70M	20.00M	19.95M	19.97M	19.98M	20.14M	20.25M	20.26M	20.27M	20.42M
Cash Dividends to Common per Share	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31	$0.31

This table details how cash moves in and out of Spok's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-8.83	-3.77	-2.84
Net Cash From Operating Activities	6.46	26	29
Net Cash From Continuing Operating Activities	6.46	26	29
Net Income / (Loss) Continuing Operations	22	16	15
Consolidated Net Income / (Loss)	22	16	15
Depreciation Expense	3.57	4.50	4.15
Non-Cash Adjustments To Reconcile Net Income	-16	3.75	5.77
Changes in Operating Assets and Liabilities, net	-2.73	2.27	4.04
Net Cash From Investing Activities	11	-3.42	-3.21
Net Cash From Continuing Investing Activities	11	-3.42	-3.21
Purchase of Property, Plant & Equipment	-3.78	-3.42	-3.21
Purchase of Investments	-15	0.00	0.00
Sale and/or Maturity of Investments	30	0.00	0.00
Net Cash From Financing Activities	-26	-27	-29
Net Cash From Continuing Financing Activities	-26	-27	-29
Payment of Dividends	-25	-26	-26
Issuance of Common Equity	0.00	0.21	0.27
Other Financing Activities, net	-1.21	-1.25	-2.43
Effect of Exchange Rate Changes	-0.32	0.15	-0.02
Cash Income Taxes Paid	0.22	0.18	0.57

This table details how cash moves in and out of Spok's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	14	-1.41	-6.20	1.32	-3.57	4.69	-8.65	0.54	3.96	1.32
Net Cash From Operating Activities	5.75	6.60	2.61	8.59	3.20	12	2.00	7.42	11	8.41
Net Cash From Continuing Operating Activities	5.75	6.60	2.61	8.59	3.20	12	2.00	7.42	11	8.41
Net Income / (Loss) Continuing Operations	2.92	24	3.12	4.73	4.45	3.37	4.24	3.43	3.66	3.64
Consolidated Net Income / (Loss)	2.92	24	3.12	4.73	4.45	3.37	4.24	3.43	3.66	3.64
Depreciation Expense	0.83	0.94	1.24	1.27	1.27	0.73	1.07	1.07	1.08	0.94
Non-Cash Adjustments To Reconcile Net Income	1.87	-21	0.77	0.99	0.16	1.83	1.46	1.10	1.32	1.88
Changes in Operating Assets and Liabilities, net	0.13	2.38	-2.51	1.60	-2.68	5.86	-4.77	1.83	5.04	1.94
Net Cash From Investing Activities	14	-2.00	-0.65	-1.17	-0.60	-1.00	-0.88	-0.64	-0.83	-0.86
Net Cash From Continuing Investing Activities	14	-2.00	-0.65	-1.17	-0.60	-1.00	-0.88	-0.64	-0.83	-0.86
Purchase of Property, Plant & Equipment	-0.58	-2.00	-0.65	-1.17	-0.60	-1.00	-0.88	-0.64	-0.83	-0.86
Net Cash From Financing Activities	-6.17	-6.16	-8.18	-6.14	-6.24	-6.12	-9.81	-6.20	-6.33	-6.19
Net Cash From Continuing Financing Activities	-6.17	-6.16	-8.18	-6.14	-6.24	-6.12	-9.81	-6.20	-6.33	-6.19
Payment of Dividends	-6.17	-6.16	-6.93	-6.23	-6.24	-6.24	-7.39	-6.33	-6.33	-6.34
Issuance of Common Equity	-	-	-	-	-	0.12	-	-	-0.00	0.14
Effect of Exchange Rate Changes	-0.27	0.15	0.01	0.04	0.08	0.02	0.04	-0.05	0.02	-0.04
Cash Income Taxes Paid	0.03	0.01	-0.01	0.26	-0.02	-0.06	0.01	0.24	0.06	0.27

This table presents Spok's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	244	228	217
Total Current Assets	70	64	61
Cash & Equivalents	36	32	29
Accounts Receivable	27	23	22
Prepaid Expenses	6.85	7.89	9.36
Other Current Assets	0.59	0.70	0.84
Plant, Property, & Equipment, net	8.22	7.32	5.95
Total Noncurrent Assets	165	156	150
Goodwill	99	99	99
Noncurrent Deferred & Refundable Income Taxes	52	46	42
Other Noncurrent Operating Assets	14	11	8.99
Total Liabilities & Shareholders' Equity	244	228	217
Total Liabilities	73	64	62
Total Current Liabilities	54	48	49
Accounts Payable	5.88	5.97	5.63
Current Deferred Revenue	27	26	28
Current Employee Benefit Liabilities	12	7.28	7.36
Other Current Liabilities	9.67	8.46	7.42
Total Noncurrent Liabilities	19	16	14
Asset Retirement Reserve & Litigation Obligation	7.24	7.19	5.95
Other Noncurrent Operating Liabilities	12	8.71	7.64
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	171	164	155
Total Preferred & Common Equity	171	164	155
Preferred Stock	0.00	0.00	0.00
Total Common Equity	171	164	155
Common Stock	100	103	106
Retained Earnings	73	63	51
Accumulated Other Comprehensive Income / (Loss)	-1.91	-1.76	-1.78

This table presents Spok's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	227	232	234	227	215	216	217
Total Current Assets	72	60	65	61	53	56	58
Cash & Equivalents	37	30	31	27	23	24	28
Accounts Receivable	27	23	25	25	22	23	21
Prepaid Expenses	7.32	7.15	7.37	7.43	7.20	8.59	8.45
Other Current Assets	0.79	0.63	0.84	1.29	0.67	0.86	0.72
Plant, Property, & Equipment, net	6.38	7.80	7.87	7.38	7.31	7.06	6.99
Total Noncurrent Assets	148	164	162	158	154	153	151
Goodwill	99	99	99	99	99	99	99
Noncurrent Deferred & Refundable Income Taxes	31	51	49	47	45	44	43
Other Noncurrent Operating Assets	17	14	13	12	9.80	10	9.58
Total Liabilities & Shareholders' Equity	227	232	234	227	215	216	217
Total Liabilities	73	63	67	61	55	58	60
Total Current Liabilities	53	45	49	45	40	43	46
Accounts Payable	5.79	4.66	6.77	4.45	3.81	5.42	3.94
Current Deferred Revenue	26	25	24	25	25	25	29
Current Employee Benefit Liabilities	11	6.06	8.53	5.37	3.42	4.92	5.19
Other Current Liabilities	10	9.79	10	10	7.66	7.78	7.76
Total Noncurrent Liabilities	21	18	18	16	15	15	15
Asset Retirement Reserve & Litigation Obligation	6.63	7.35	7.46	7.54	7.21	7.20	7.27
Other Noncurrent Operating Liabilities	14	11	11	8.70	7.75	7.61	7.57
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	153	168	167	166	160	158	156
Total Preferred & Common Equity	153	168	167	166	160	158	156
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	153	168	167	166	160	158	156
Common Stock	99	100	101	101	102	103	104
Retained Earnings	56	71	68	66	60	57	54
Accumulated Other Comprehensive Income / (Loss)	-2.06	-1.90	-1.86	-1.78	-1.72	-1.77	-1.75

This table displays calculated financial ratios and metrics derived from Spok's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	-5.36%	3.34%	-0.99%
EBITDA Growth	123.11%	546.93%	-10.48%
EBIT Growth	101.46%	5,140.99%	-11.06%
NOPAT Growth	126.89%	185.51%	-4.89%
Net Income Growth	198.54%	-28.32%	-4.47%
EPS Growth	195.61%	-29.36%	-5.19%
Operating Cash Flow Growth	-18.98%	305.58%	10.46%
Free Cash Flow Firm Growth	-31.32%	215.99%	14.94%
Invested Capital Growth	17.95%	-2.09%	-4.69%
Revenue Q/Q Growth	-0.95%	0.51%	-0.05%
EBITDA Q/Q Growth	122.04%	3.64%	3.27%
EBIT Q/Q Growth	101.73%	5.53%	2.83%
NOPAT Q/Q Growth	131.68%	-56.98%	2.20%
Net Income Q/Q Growth	214.79%	-57.11%	1.90%
EPS Q/Q Growth	212.37%	-57.46%	0.00%
Operating Cash Flow Q/Q Growth	477.99%	24.69%	-10.47%
Free Cash Flow Firm Q/Q Growth	-81.43%	41.44%	-13.81%
Invested Capital Q/Q Growth	15.93%	-4.65%	-2.22%
Profitability Metrics	-	-	-
Gross Margin	78.99%	80.71%	79.35%
EBITDA Margin	2.96%	18.50%	16.73%
Operating Margin	0.18%	15.27%	13.78%
EBIT Margin	0.30%	15.27%	13.71%
Profit (Net Income) Margin	16.25%	11.27%	10.87%
Tax Burden Percent	2,192.18%	70.17%	74.71%
Interest Burden Percent	246.17%	105.18%	106.11%
Effective Tax Rate	-2,092.18%	29.83%	25.29%
Return on Invested Capital (ROIC)	4.20%	11.18%	11.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-30.44%	8.94%	8.40%
Return on Net Nonoperating Assets (RNNOA)	8.48%	-1.83%	-1.61%
Return on Equity (ROE)	12.68%	9.36%	9.40%
Cash Return on Invested Capital (CROIC)	-12.27%	13.29%	15.81%
Operating Return on Assets (OROA)	0.16%	8.99%	8.49%
Return on Assets (ROA)	8.87%	6.64%	6.73%
Return on Common Equity (ROCE)	12.68%	9.36%	9.40%
Return on Equity Simple (ROE_SIMPLE)	12.77%	9.57%	9.67%
Net Operating Profit after Tax (NOPAT)	5.22	15	14
NOPAT Margin	3.88%	10.71%	10.29%
Net Nonoperating Expense Percent (NNEP)	34.63%	2.25%	2.61%
Return On Investment Capital (ROIC_SIMPLE)	3.05%	9.10%	9.16%
Cost of Revenue to Revenue	21.01%	19.29%	20.65%
SG&A Expenses to Revenue	28.09%	23.86%	24.19%
R&D to Revenue	10.13%	7.59%	8.39%
Operating Expenses to Revenue	78.81%	65.44%	65.57%
Earnings before Interest and Taxes (EBIT)	0.41	21	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.98	26	23
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.78	1.71	2.06
Price to Tangible Book Value (P/TBV)	1.85	4.34	5.74
Price to Revenue (P/Rev)	0.99	2.02	2.32
Price to Earnings (P/E)	6.09	17.91	21.32
Dividend Yield	18.51%	8.90%	7.94%
Earnings Yield	16.43%	5.58%	4.69%
Enterprise Value to Invested Capital (EV/IC)	0.72	1.89	2.31
Enterprise Value to Revenue (EV/Rev)	0.72	1.79	2.11
Enterprise Value to EBITDA (EV/EBITDA)	24.47	9.66	12.59
Enterprise Value to EBIT (EV/EBIT)	240.20	11.71	15.35
Enterprise Value to NOPAT (EV/NOPAT)	18.65	16.69	20.46
Enterprise Value to Operating Cash Flow (EV/OCF)	15.07	9.49	10.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	14.04	14.24
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.28	-0.20	-0.19
Leverage Ratio	1.43	1.41	1.40
Compound Leverage Factor	3.52	1.48	1.48
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	2.14	4.02	4.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.29	1.33	1.26
Quick Ratio	1.15	1.15	1.05
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-15	18	20
Operating Cash Flow to CapEx	170.97%	766.29%	901.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.55	0.59	0.62
Accounts Receivable Turnover	5.00	5.54	6.08
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	17.98	17.89	20.74
Accounts Payable Turnover	5.06	4.53	4.90
Days Sales Outstanding (DSO)	72.94	65.87	60.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	72.13	80.63	74.46
Cash Conversion Cycle (CCC)	0.81	-14.77	-14.45
Capital & Investment Metrics	-	-	-
Invested Capital	135	132	126
Invested Capital Turnover	1.08	1.04	1.07
Increase / (Decrease) in Invested Capital	20	-2.81	-6.18
Enterprise Value (EV)	97	249	290
Market Capitalization	133	281	319
Book Value per Share	$8.68	$8.20	$7.63
Tangible Book Value per Share	$3.65	$3.23	$2.74
Total Capital	171	164	155
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-36	-32	-29
Capital Expenditures (CapEx)	3.78	3.42	3.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-20	-16	-17
Debt-free Net Working Capital (DFNWC)	16	16	13
Net Working Capital (NWC)	16	16	13
Net Nonoperating Expense (NNE)	-17	-0.77	-0.80
Net Nonoperating Obligations (NNO)	-37	-32	-29
Total Depreciation and Amortization (D&A)	3.57	4.50	4.15
Debt-free, Cash-free Net Working Capital to Revenue	-14.97%	-11.58%	-12.08%
Debt-free Net Working Capital to Revenue	11.61%	11.43%	9.10%
Net Working Capital to Revenue	11.61%	11.43%	9.10%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.11	$0.79	$0.74
Adjusted Weighted Average Basic Shares Outstanding	19.67M	19.95M	20.24M
Adjusted Diluted Earnings per Share	$1.09	$0.77	$0.73
Adjusted Weighted Average Diluted Shares Outstanding	19.99M	20.34M	20.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.00M	20.14M	20.42M
Normalized Net Operating Profit after Tax (NOPAT)	5.30	15	15
Normalized NOPAT Margin	3.94%	11.00%	10.89%
Pre Tax Income Margin	0.74%	16.06%	14.55%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	114.44%	163.68%	176.28%
Augmented Payout Ratio	114.44%	163.68%	176.28%

This table displays calculated financial ratios and metrics derived from Spok's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.88%	-3.73%	-1.91%	8.17%	4.99%	2.10%	5.21%	-6.80%	-1.58%	-0.18%
EBITDA Growth	556.08%	121.87%	177.53%	121.95%	68.44%	22.86%	-0.82%	-24.72%	-20.74%	15.02%
EBIT Growth	202.54%	114.51%	154.95%	149.36%	71.95%	36.95%	2.49%	-26.61%	-21.87%	12.58%
NOPAT Growth	210.21%	251.76%	148.06%	156.96%	55.19%	-85.74%	38.15%	-30.94%	-17.21%	9.70%
Net Income Growth	217.08%	245.33%	143.21%	146.00%	52.43%	-86.11%	35.90%	-27.64%	-17.77%	8.29%
EPS Growth	215.38%	242.35%	140.54%	130.00%	46.67%	-85.95%	40.00%	-26.09%	-18.18%	0.00%
Operating Cash Flow Growth	1.50%	523.33%	153.52%	945.18%	-44.35%	78.50%	-23.48%	-13.57%	246.94%	-28.68%
Free Cash Flow Firm Growth	-74.37%	123.99%	-521.42%	-223.05%	-265.23%	265.92%	128.90%	134.06%	174.36%	61.74%
Invested Capital Growth	-6.49%	17.95%	22.22%	15.27%	19.04%	-2.09%	-1.74%	-1.04%	-7.05%	-4.69%
Revenue Q/Q Growth	0.10%	-1.45%	-0.23%	9.89%	-2.84%	-4.16%	2.81%	-2.66%	2.61%	-2.80%
EBITDA Q/Q Growth	34.98%	-11.53%	52.05%	22.24%	2.44%	-35.47%	22.75%	-7.22%	7.85%	-6.36%
EBIT Q/Q Growth	49.24%	-17.18%	58.37%	27.40%	2.91%	-34.04%	18.52%	-8.77%	9.55%	-4.95%
NOPAT Q/Q Growth	54.15%	705.71%	-86.81%	56.86%	-6.90%	-25.97%	27.78%	-21.59%	11.61%	-1.91%
Net Income Q/Q Growth	51.77%	729.66%	-87.13%	51.84%	-5.96%	-24.40%	25.88%	-19.15%	6.86%	-0.44%
EPS Q/Q Growth	50.00%	706.67%	-87.60%	53.33%	-4.35%	-22.73%	23.53%	-19.05%	5.88%	-5.56%
Operating Cash Flow Q/Q Growth	665.65%	14.91%	-60.46%	228.88%	-62.76%	268.61%	-83.05%	271.47%	49.49%	-24.23%
Free Cash Flow Firm Q/Q Growth	-0.87%	-84.92%	-1,470.20%	39.91%	-33.11%	133.39%	8.22%	-29.19%	190.61%	-27.37%
Invested Capital Q/Q Growth	-1.41%	15.93%	3.13%	-2.20%	1.81%	-4.65%	3.49%	-1.50%	-4.38%	-2.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.37%	79.37%	80.30%	81.55%	81.31%	79.58%	79.55%	78.92%	79.54%	79.36%
EBITDA Margin	13.23%	11.88%	18.10%	20.14%	21.23%	14.29%	17.06%	16.26%	17.09%	16.47%
Operating Margin	10.49%	8.89%	14.22%	17.04%	17.54%	12.03%	14.01%	13.17%	14.23%	13.69%
EBIT Margin	10.78%	9.06%	14.38%	16.67%	17.65%	12.15%	14.01%	13.12%	14.01%	13.70%
Profit (Net Income) Margin	8.65%	72.85%	9.39%	12.98%	12.56%	9.91%	12.13%	10.08%	10.50%	10.75%
Tax Burden Percent	77.54%	748.18%	61.82%	73.60%	68.54%	77.21%	82.36%	70.60%	71.07%	74.55%
Interest Burden Percent	103.55%	107.50%	105.70%	105.83%	103.84%	105.65%	105.20%	108.77%	105.40%	105.25%
Effective Tax Rate	22.46%	-648.18%	38.18%	26.40%	31.46%	22.79%	17.64%	29.40%	28.93%	25.45%
Return on Invested Capital (ROIC)	9.19%	71.93%	9.33%	13.52%	13.08%	9.69%	11.81%	9.52%	10.44%	10.91%
ROIC Less NNEP Spread (ROIC-NNEP)	8.86%	67.52%	8.80%	13.06%	12.48%	9.07%	11.03%	8.55%	9.96%	10.31%
Return on Net Nonoperating Assets (RNNOA)	-2.69%	-18.82%	-2.03%	-2.80%	-2.52%	-1.86%	-1.79%	-1.44%	-1.71%	-1.98%
Return on Equity (ROE)	6.51%	53.11%	7.29%	10.72%	10.55%	7.84%	10.01%	8.08%	8.74%	8.94%
Cash Return on Invested Capital (CROIC)	-7.00%	-12.27%	3.72%	11.85%	9.84%	13.29%	13.40%	11.85%	17.71%	15.81%
Operating Return on Assets (OROA)	5.90%	4.95%	8.29%	9.84%	10.77%	7.15%	8.82%	8.06%	8.70%	8.48%
Return on Assets (ROA)	4.74%	39.79%	5.41%	7.66%	7.66%	5.84%	7.65%	6.19%	6.52%	6.65%
Return on Common Equity (ROCE)	6.51%	53.11%	7.29%	10.72%	10.55%	7.84%	10.01%	8.08%	8.74%	8.94%
Return on Equity Simple (ROE_SIMPLE)	-12.42%	0.00%	19.12%	21.00%	22.07%	0.00%	10.48%	9.78%	9.40%	0.00%
Net Operating Profit after Tax (NOPAT)	2.74	22	2.92	4.57	4.26	3.15	4.03	3.16	3.53	3.46
NOPAT Margin	8.13%	66.48%	8.79%	12.54%	12.02%	9.29%	11.54%	9.30%	10.11%	10.20%
Net Nonoperating Expense Percent (NNEP)	0.34%	4.41%	0.53%	0.46%	0.60%	0.62%	0.78%	0.97%	0.49%	0.61%
Return On Investment Capital (ROIC_SIMPLE)	1.79%	12.92%	1.73%	2.75%	2.57%	1.93%	2.52%	2.00%	2.26%	2.23%
Cost of Revenue to Revenue	19.63%	20.63%	19.70%	18.45%	18.69%	20.42%	20.45%	21.08%	20.46%	20.64%
SG&A Expenses to Revenue	26.28%	26.68%	23.21%	23.28%	23.19%	25.81%	22.87%	23.74%	24.47%	25.72%
R&D to Revenue	6.59%	6.86%	7.51%	7.82%	7.23%	7.78%	8.45%	9.35%	8.12%	7.64%
Operating Expenses to Revenue	69.88%	70.49%	66.09%	64.51%	63.77%	67.56%	65.54%	65.76%	65.32%	65.67%
Earnings before Interest and Taxes (EBIT)	3.64	3.01	4.77	6.08	6.25	4.13	4.89	4.46	4.89	4.64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.47	3.95	6.01	7.34	7.52	4.85	5.96	5.53	5.96	5.58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	0.78	1.02	1.38	1.53	1.71	1.84	1.79	1.88	2.06
Price to Tangible Book Value (P/TBV)	2.21	1.85	2.49	3.42	3.82	4.34	4.83	4.78	5.14	5.74
Price to Revenue (P/Rev)	0.88	0.99	1.29	1.69	1.83	2.02	2.09	2.04	2.13	2.32
Price to Earnings (P/E)	0.00	6.09	5.35	6.59	6.94	17.91	17.54	18.25	19.99	21.32
Dividend Yield	17.50%	18.51%	14.53%	10.82%	9.84%	8.90%	8.49%	8.96%	8.63%	7.94%
Earnings Yield	0.00%	16.43%	18.71%	15.18%	14.41%	5.58%	5.70%	5.48%	5.00%	4.69%
Enterprise Value to Invested Capital (EV/IC)	0.71	0.72	1.03	1.47	1.64	1.89	1.99	1.93	2.07	2.31
Enterprise Value to Revenue (EV/Rev)	0.61	0.72	1.06	1.46	1.64	1.79	1.93	1.87	1.93	2.11
Enterprise Value to EBITDA (EV/EBITDA)	0.00	24.47	8.04	9.17	9.12	9.66	10.56	10.84	11.92	12.59
Enterprise Value to EBIT (EV/EBIT)	0.00	240.20	10.29	11.41	11.25	11.71	12.70	13.11	14.47	15.35
Enterprise Value to NOPAT (EV/NOPAT)	0.00	18.65	4.76	6.05	6.53	16.69	16.92	17.72	19.17	20.46
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	15.07	10.22	8.48	10.77	9.49	10.60	10.60	8.23	10.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	30.37	13.29	18.07	14.04	14.70	16.16	11.26	14.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.30	-0.28	-0.23	-0.21	-0.20	-0.20	-0.16	-0.17	-0.17	-0.19
Leverage Ratio	1.44	1.43	1.42	1.43	1.42	1.41	1.36	1.39	1.38	1.40
Compound Leverage Factor	1.49	1.54	1.50	1.52	1.48	1.49	1.43	1.51	1.45	1.47
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.08	2.17	2.78	3.21	3.67	3.77	4.41	4.06	4.04	4.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.37	1.29	1.33	1.31	1.35	1.33	1.33	1.30	1.28	1.26
Quick Ratio	1.22	1.15	1.16	1.14	1.16	1.15	1.13	1.08	1.08	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	1.63	-22	-13	-18	5.96	6.45	4.57	13	9.64
Operating Cash Flow to CapEx	989.16%	329.71%	402.31%	736.45%	529.47%	1,181.16%	228.34%	1,157.88%	1,333.53%	976.42%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.55	0.58	0.59	0.61	0.59	0.63	0.61	0.62	0.62
Accounts Receivable Turnover	5.04	5.00	5.82	5.25	5.31	5.54	6.35	5.73	5.92	6.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.11	17.98	18.54	19.04	20.11	17.89	18.63	18.53	19.18	20.74
Accounts Payable Turnover	5.76	5.06	6.34	4.89	5.23	4.53	6.48	4.57	6.76	4.90
Days Sales Outstanding (DSO)	72.42	72.94	62.72	69.52	68.69	65.87	57.52	63.74	61.65	60.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	63.38	72.13	57.60	74.57	69.86	80.63	56.36	79.83	53.97	74.46
Cash Conversion Cycle (CCC)	9.05	0.81	5.12	-5.05	-1.17	-14.77	1.17	-16.10	7.68	-14.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	116	135	139	136	138	132	136	134	128	126
Invested Capital Turnover	1.13	1.08	1.06	1.08	1.09	1.04	1.02	1.02	1.03	1.07
Increase / (Decrease) in Invested Capital	-8.06	20	25	18	22	-2.81	-2.42	-1.41	-9.75	-6.18
Enterprise Value (EV)	82	97	143	200	226	249	271	259	266	290
Market Capitalization	120	133	172	231	254	281	294	282	294	319
Book Value per Share	$7.78	$8.68	$8.42	$8.35	$8.29	$8.20	$7.94	$7.81	$7.71	$7.63
Tangible Book Value per Share	$2.75	$3.65	$3.46	$3.38	$3.32	$3.23	$3.02	$2.92	$2.82	$2.74
Total Capital	153	171	168	167	166	164	160	158	156	155
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-37	-36	-30	-31	-27	-32	-23	-24	-28	-29
Capital Expenditures (CapEx)	0.58	2.00	0.65	1.17	0.60	1.00	0.88	0.64	0.83	0.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-18	-20	-15	-16	-11	-16	-10	-11	-15	-17
Debt-free Net Working Capital (DFNWC)	19	16	15	15	16	16	13	13	13	13
Net Working Capital (NWC)	19	16	15	15	16	16	13	13	13	13
Net Nonoperating Expense (NNE)	-0.18	-2.12	-0.20	-0.16	-0.19	-0.21	-0.21	-0.27	-0.13	-0.19
Net Nonoperating Obligations (NNO)	-37	-37	-30	-31	-27	-32	-24	-24	-28	-29
Total Depreciation and Amortization (D&A)	0.83	0.94	1.24	1.27	1.27	0.73	1.07	1.07	1.08	0.94
Debt-free, Cash-free Net Working Capital to Revenue	-13.02%	-14.97%	-10.99%	-11.45%	-8.18%	-11.58%	-7.32%	-8.02%	-10.95%	-12.08%
Debt-free Net Working Capital to Revenue	14.35%	11.61%	11.08%	11.14%	11.55%	11.43%	9.27%	9.25%	9.26%	9.10%
Net Working Capital to Revenue	14.35%	11.61%	11.08%	11.14%	11.55%	11.43%	9.27%	9.25%	9.26%	9.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$1.23	$0.16	$0.24	$0.22	$0.17	$0.21	$0.17	$0.18	$0.18
Adjusted Weighted Average Basic Shares Outstanding	19.69M	19.67M	19.90M	19.96M	19.97M	19.95M	20.17M	20.25M	20.26M	20.24M
Adjusted Diluted Earnings per Share	$0.15	$1.21	$0.15	$0.23	$0.22	$0.17	$0.21	$0.17	$0.18	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	19.90M	19.99M	20.18M	20.26M	20.30M	20.34M	20.45M	20.47M	20.52M	20.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.70M	20.00M	19.95M	19.97M	19.98M	20.14M	20.25M	20.26M	20.27M	20.42M
Normalized Net Operating Profit after Tax (NOPAT)	3.91	2.69	2.92	4.65	4.31	3.44	4.38	3.40	3.76	3.46
Normalized NOPAT Margin	11.59%	8.07%	8.81%	12.76%	12.17%	10.14%	12.55%	10.02%	10.77%	10.21%
Pre Tax Income Margin	11.16%	9.74%	15.20%	17.64%	18.33%	12.84%	14.73%	14.28%	14.77%	14.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-111.79%	114.44%	78.98%	72.85%	69.99%	163.68%	155.47%	169.24%	178.97%	176.28%
Augmented Payout Ratio	-111.79%	114.44%	78.98%	72.85%	69.99%	163.68%	155.47%	169.24%	178.97%	176.28%

Financials Breakdown Chart

Key Financial Trends

Market overview for SPOK (Spok Holdings, Inc): The company shows solid profitability and a sturdy balance sheet across the last four years of quarterly results, with consistent dividends. However, revenue has shown some volatility and cash outflows from financing (dividends) remain a notable recurring use of cash. Here are the key takeaways structured from most positive to more cautious observations.

Strong gross margins: Gross margin runs in the high 70s to around 80% across recent quarters (for example Q4 2024 gross profit of 26.897 million on 33.892 million revenue, about 79.4%). This indicates solid pricing power and cost control relative to revenue.
Consistent quarterly profitability: Net income remains positive in each quarter of 2024, with quarterly figures around 3.4–4.2 million (Q4 2024 net income: 3.644M; Q3 2024: 3.660M; Q2 2024: 3.425M; Q1 2024: 4.236M). This aligns with a stable earnings profile across recent periods.
Positive operating cash flow evidence: Net cash from continuing operating activities is consistently positive, including about 11.095 million in Q3 2024 and 8.407 million in Q4 2024. Earlier quarters in 2023 show similar positive cash generation (e.g., Q4 2023 CFO ~11.78M), suggesting reliable cash flow from core operations.
Strong balance sheet with ample equity: Total assets around 216–226 million and total equity in the 156–168 million range, with liabilities well below equity, indicate a solid capital position and financial resilience. For example, Q3 2024 balance sheet shows total equity around 156.3 million and total liabilities around 60.5 million.
Regular, sizable dividends: The company has maintained meaningful cash dividends per share (around 0.31 USD) and quarterly cash dividend payments typically in the 6.3–7.4 million range, which can be attractive for income-focused investors.
Revenue has shown some volatility and a mild downtrend in 2024: 2024 quarterly revenue hovered around 33.9–34.9 million, lower than peaks observed in mid-2023 (e.g., Q2 2023 ~36.46 million). This suggests modest top-line variability rather than consistent growth.
Intangible asset base remains large: Goodwill and other noncurrent assets are substantial (Goodwill around 99 million; noncurrent assets in the 150–160 million range), which can imply impairment risk if cash flow prospects deteriorate.
Expense mix and leverage: Selling, general, and administrative expenses, as well as marketing and R&D, fluctuate but remain a meaningful portion of revenue, keeping operating margins from expanding significantly despite solid gross margins.
Financing cash outflows are a regular cash drain: Net cash from financing activities is typically negative each quarter due to dividend payments, creating a recurring use of cash that could limit flexibility for growth investments.
Limited near-term upside from earnings cadence: While earnings are positive, the combination of flat-to-down revenue in 2024 and ongoing dividend cash outflows may cap potential upside in near-term cash flow growth without a corresponding improvement in top-line growth.

05/11/26 01:53 PM ETAI Generated. May Contain Errors.

Spok Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Spok's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Spok's net income appears to be on a downward trend, with a most recent value of $14.97 million in 2024, falling from $21.86 million in 2022. The previous period was $15.67 million in 2023. View Spok's forecast to see where analysts expect Spok to go next.

Spok's total operating income in 2024 was $18.97 million, based on the following breakdown:

Total Gross Profit: $109.22 million
Total Operating Expenses: $90.26 million

Over the last 2 years, Spok's total revenue changed from $134.53 million in 2022 to $137.65 million in 2024, a change of 2.3%.

Spok's total liabilities were at $62.36 million at the end of 2024, a 2.4% decrease from 2023, and a 15.0% decrease since 2022.

In the past 2 years, Spok's cash and equivalents has ranged from $29.15 million in 2024 to $35.75 million in 2022, and is currently $29.15 million as of their latest financial filing in 2024.

Over the last 2 years, Spok's book value per share changed from 8.68 in 2022 to 7.63 in 2024, a change of -12.1%.

Related Companies

Financial statements for NASDAQ:SPOK last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Spok (SPOK) Financials

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How has Spok's revenue changed over the last 2 years?

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