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Earnings analysis · 10-Q

SPOK earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

Spok Holdings, Inc. reported disappointing Q1 2026 results, with revenue of $33.2 million and EPS of $0.09, both falling short of consensus estimates. Revenue declined primarily due to lower wireless and software…

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Spok Holdings, Inc. reported disappointing Q1 2026 results, with revenue of $33.2 million and EPS of $0.09, both falling short of consensus estimates. Revenue declined primarily due to lower wireless and software segments, leading to operational challenges and significant decreases in net income and operating income compared to the previous year.

Read the original on SEC.gov

Where revenue came from

The business segments reported by the company.

Wireless revenue 52.7% Software revenue 47.3%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$0.09

What stood out

  • Revenue Decline of 8.5%

    Total revenue decreased to $33.2 million, down from $36.3 million in Q1 2025.

  • Significant EPS Miss

    Reported EPS at $0.09, significantly lower than the estimated $0.18.

  • Reduction in Wireless Revenue

    Wireless revenue fell by $988,000 (5.3%) from $18.5 million to $17.5 million.

  • Software Revenue Drop

    Software revenue decreased by $2.1 million (11.7%) from $17.8 million to $15.7 million.

  • Operating Income Decline of 59.4%

    Operating income fell from $6.0 million in Q1 2025 to $2.4 million in Q1 2026.

  • Increased Cash and Cash Equivalents

    Cash and cash equivalents increased to $17.1 million as of March 31, 2026.

What to watch

  • Declining Wireless Revenue

    The overall wireless revenue decline by 5.3% is concerning, driven by a decrease in paging services.

  • Falling Software Revenue

    Software revenue decreased by $2.1 million compared to last year, indicating potential issues in project execution.

  • Increased Operating Expenses

    Total operating expenses rose by $506,000 (1.7%), exacerbating income decline despite falling revenue.

Management's outlook

Full-year 2026 financial guidance for revenue maintained between $136 million and $143 million.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.