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SPOK

BEARISH
$11.5 Live
Spok Holdings, Inc. · NASDAQ
Target $14.0 (+21.7%)
$10.81 52W Range $19.31

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 20, 2026
Market cap
$238.4M
P/E
15.33
ROE
10.5%
Profit margin
11.4%
Debt/Equity
0.05
Dividend yield
10.88%

AI Analysis

AI-powered fundamental assessment

Confidence
85%
SPOK presents as a classic value trap, characterized by a stable but mediocre Piotroski F-Score of 4/9 and a lack of growth catalysts. While the balance sheet is clean with very low debt, the company is experiencing a severe earnings contraction (-27.2% YoY) and stagnant revenue growth. Most critically, the dividend is fundamentally unsustainable with a payout ratio of 166.67%, meaning the company is paying out significantly more than it earns. The current price of $11.50 trades above both the Graham Number ($10.95) and the growth-based intrinsic value ($5.25).

Key Strengths

Extremely low Debt/Equity ratio (0.05)
Strong Gross Margins (61.07%)
Positive Operating Margin (12.26%)
Stable Piotroski F-Score (4/9)
Low P/E ratio (15.33) relative to healthcare sector average

Key Risks

Unsustainable dividend payout ratio (166.67%)
Significant earnings decline (-27.2% YoY)
Stagnant revenue growth (-0.10% YoY)
Bearish technical trend (0/100 score)
Price trading at a significant premium to intrinsic value ($5.25)
AI Fair Value Estimate
Based on comprehensive analysis
$8.5
-26.1% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
35
Weak
Value
40
Future
15
Past
45
Health
65
Dividend
10
AI Verdict
Value Trap
Key drivers: Dividend sustainability crisis, Negative earnings trajectory, Lack of revenue growth, Technical breakdown
Confidence
90%
Value
40/100

Ref P/E, PEG, Graham Number

Positives
  • Moderate P/E of 15.33
Watchpoints
  • Price exceeds Graham Number ($10.95)
  • Price is 119% above Intrinsic Value ($5.25)
Future
15/100

Ref Growth rates

Positives
No standout positives identified.
Watchpoints
  • Revenue growth is flat (-0.10%)
  • Earnings growth is sharply negative (-27.2%)
Past
45/100

Ref Historical trends

Positives
  • Positive 5Y change (+73.7%)
Watchpoints
  • Poor 1Y performance (-19.9%)
  • Recent 6M decline (-23.7%)
Health
65/100

Ref Altman Z-Score, Piotroski F-Score

Positives
  • Very low leverage (Debt/Equity 0.05)
  • Positive ROE (10.55%)
Watchpoints
  • Piotroski F-Score is only 4/9 (Stable, not Strong)
Dividend
10/100

Ref Yield, Payout

Positives
  • High nominal yield (10.88%)
Watchpoints
  • Payout ratio of 166.67% indicates imminent risk of dividend cut

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$11.5
Analyst Target
$14.0
Upside/Downside
+21.7%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for SPOK and closest competitors.

Updated 2026-04-17
SPO
Spok Holdings, Inc.
Primary
5Y
+73.7%
3Y
+21.1%
1Y
-19.9%
6M
-23.7%
1M
+2.4%
1W
+3.5%
SLG
Sol-Gel Technologies Ltd.
Peer
5Y
-48.3%
3Y
+88.0%
1Y
+1243.1%
6M
+82.0%
1M
-1.9%
1W
-1.3%
PRO
Profound Medical Corp.
Peer
5Y
-66.8%
3Y
-41.5%
1Y
+39.1%
6M
+20.2%
1M
+21.6%
1W
+11.8%
CAM
CAMP4 THERAPEUTICS CORPORATION
Peer
5Y
-56.6%
3Y
-56.6%
1Y
+78.8%
6M
+41.3%
1M
-25.9%
1W
+5.4%
ALE
Alector, Inc.
Peer
5Y
-88.2%
3Y
-66.9%
1Y
+53.9%
6M
-20.0%
1M
+14.6%
1W
+10.0%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
15.33
Forward P/E
13.69
PEG Ratio
N/A
P/B Ratio
1.62
P/S Ratio
1.71
EV/Revenue
1.57
EV/EBITDA
9.33
Market Cap
$238.4M

Profitability

Profit margins and return metrics

Profit Margin 11.37%
Operating Margin 12.26%
Gross Margin 61.07%
ROE 10.55%
ROA 5.96%

Growth

Revenue and earnings growth rates

Revenue Growth -0.1%
Earnings Growth -27.2%
Q/Q Revenue Growth -0.09%
Q/Q Earnings Growth -19.6%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
0.05
Low debt
Current Ratio
1.18
Good
Quick Ratio
0.98
Poor
Cash/Share
$1.22

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue
$0.0B
Gross Margin
76.7%
Op. Margin
12.3%
Net Margin
8.7%
Total Assets
$0.2B
Liabilities
$0.1B
Equity
$0.1B
Debt/Equity
0.41x
Operating CF
$0.0B
CapEx
$-0.0B
Free Cash Flow
$0.0B
FCF Yield
88%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-29
$N/A
2026-02-25
$0.14
-22.2% surprise
2025-10-29
$0.15
-21.1% surprise
2025-07-30
$0.22
+22.2% surprise

Healthcare Sector Comparison

Comparing SPOK against 470 companies in the Healthcare sector (26 bullish, 143 neutral, 301 bearish)
P/E Ratio
15.33
This Stock
vs
85.49
Sector Avg
-82.1% (Discount)
Return on Equity (ROE)
10.55%
This Stock
vs
-97.91%
Sector Avg
-110.8% (Below Avg)
Profit Margin
11.37%
This Stock
vs
-16.16%
Sector Avg
-170.3% (Weaker)
Debt to Equity
0.05
This Stock
vs
3.0
Sector Avg
-98.4% (Less Debt)
Revenue Growth
-0.1%
This Stock
vs
142.9%
Sector Avg
-100.1% (Slower)
Current Ratio
1.18
This Stock
vs
4.65
Sector Avg
-74.7% (Weaker)

Similar Companies

Peer comparison within the same industry

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

RICE CALVIN
Chief Financial Officer
Stock Award
2026-04-14
21,359 shares
STEIN TODD J.
Director
Stock Award
2026-04-01
2,294 shares · $25,005
BYRNE BARBARA PETERSON
Director
Stock Award
2026-04-01
2,294 shares · $25,005
SHOCKLEY BRETT A
Director
Stock Award
2026-04-01
2,294 shares · $25,005
HYUN RANDY
Director
Stock Award
2026-04-01
2,294 shares · $25,005
COURNOYER CHRISTINE M
Director
Stock Award
2026-04-01
2,294 shares · $25,005
RICE CALVIN
Chief Financial Officer
Stock Award
2026-03-04
4,120 shares · $50,017
RICE CALVIN
Chief Financial Officer
Stock Award
2026-03-04
13,736 shares
KELLY VINCENT D
Chief Executive Officer
Stock Award
2026-03-04
14,652 shares · $177,875
KELLY VINCENT D
Chief Executive Officer
Option Exercise
2026-03-04
48,840 shares · $592,918
WALLACE MICHAEL W.
Chief Operating Officer
Stock Award
2026-03-04
9,157 shares · $111,166
WALLACE MICHAEL W.
Chief Operating Officer
Option Exercise
2026-03-04
30,525 shares · $370,574
WOODS-KEISLING SHARON
Officer and Treasurer
Stock Award
2026-03-04
3,434 shares · $41,689
WOODS-KEISLING SHARON
Officer and Treasurer
Stock Award
2026-03-04
11,447 shares
RICE CALVIN
Chief Financial Officer
Option Exercise
2026-01-05
11,452 shares · $151,052
Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

8-K
FORM 8-K
2026-04-14

Spok Inc. likely filed this 8-K to announce its first quarter financial results for 2026.

8-K
8-K
2026-02-26

Spok Inc. filed an 8-K on February 26, 2026, likely to announce its fourth quarter and full-year financial results.

10-K
10-K
2026-02-26

SPOK filed its annual 10-K report on February 26, 2026, providing comprehensive disclosures on its business operations and financial condition. The filing includes detailed sections on risk factors and management's discussion and analysis of results of operations.

8-K
8-K
2026-02-25

Spok Inc. filed an 8-K on February 25, 2026, likely to announce its financial results.

8-K
8-K
2025-10-30

Spok Inc. filed an 8-K on October 30, 2025, likely to announce its third-quarter financial results.

10-Q
10-Q
2025-10-30

SPOK Holdings, Inc. generates revenue through a combination of perpetual and term software licenses, hardware sales, professional services, and maintenance and subscription contracts typically spanning one to three years. Revenue is recognized upon the transfer of control of promised goods or services to customers. Specific financial performance metrics and detailed risk factors were not provided in the available excerpts.

8-K
8-K
2025-10-29

Spok Inc. filed an 8-K on October 29, 2025, likely to announce its third-quarter financial results.

8-K
8-K
2025-08-01

Spok Inc. filed an 8-K likely to report its second-quarter financial results for 2025.

10-Q
10-Q
2025-07-31

SPOK Holdings, Inc. generates revenue through a combination of perpetual and term software licenses, hardware sales, professional services, and recurring maintenance and subscription fees. Revenue is recognized upon the transfer of control of the promised goods or services to the customer. Detailed risk factors are disclosed under Item 1A of the filing.

8-K
8-K
2025-07-30

Spok Inc. filed an 8-K, likely to report its second-quarter financial results for 2025.

8-K
8-K
2025-07-22
8-K
8-K
2025-05-05
10-Q
10-Q
2025-05-01
8-K
8-K
2025-04-30
DEF 14A
DEF 14A
2025-04-29
Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
NONE
1 analysts
B. Riley Securities
2026-02-26
down
Buy Neutral

Past News Coverage

Recent headlines mentioning SPOK from our newsroom.

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