SPOK earnings analysis
What we found in SPOK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.09
- Segment
- Wireless revenue: $17.5 million
- Segment
- Software revenue: $15.7 million
What they said about what is next.
Full-year 2026 financial guidance for revenue maintained between $136 million and $143 million.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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