Spok Q4 software revenue rises 3.4% on managed services

Spok Holdings

25/02/2026 22:06

Overview

Healthcare communications firm's Q4 software revenue grew 3.4%, driven by managed services

Q4 software operations bookings rose 14% yr/yr, up 83% from prior qtr

Company ended 2025 with $25.3 mln in cash, no debt

Outlook

Spok expects 2026 revenue between $136 mln and $143 mln

Company projects 2026 adjusted EBITDA between $27.5 mln and $32.5 mln

Spok anticipates continued software revenue growth in 2026

Result Drivers

SOFTWARE BOOKINGS - Spok saw a nearly 83% sequential increase in software operations bookings, contributing to Q4 results

MANAGED SERVICES - Year-over-year growth in managed services revenue drove a 3.4% increase in software revenue

WIRELESS ARPU - Slight increase in wireless revenue driven by 1.2% rise in average revenue per unit

Company press release: ID:nBwPfx5Na

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$2.93 mln
Q4 Adjusted EBITDA
$6.70 mln
Q4 Adjusted Operating Expenses
$28.85 mln
Q4 Operating Expenses
$29.92 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Spok Holdings Inc is $21.00, about 52.1% above its February 24 closing price of $13.81

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)