Spok Holdings, Inc. (SPOK) Stock

Spok Holdings, Inc. (SPOK) is a Communication Services stock trading at $10.44 (as of 2026-08-20), with a market capitalization of $218.06M and a trailing P/E of 19.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Spok Holdings, Inc., through its subsidiary, Spok, Inc., provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It delivers clinical information to care teams when and where it matters to enhance patient outcomes. The company offers subscriptions to one-way or two-way messaging services; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers. Its Spok Care Connect platform enhance workflows for clinicians and support administrative compliance. In addition, the company provides professional, software license updates, and product support services, as well as sells third-party equipment. It serves businesses, professionals, management personnel, medical personnel, field sales personnel and service forces, members of the construction industry and construction trades, real estate brokers and developers, sales and services organizations, specialty trade organizations, manufacturing organizations, and government agencies. The company was formerly known as USA Mobility, Inc. and changed its name to Spok Holdings, Inc. in July 2014. The company was founded in 1986 and is headquartered in Alexandria, Virginia.

Understand Spok Holdings, Inc.: how it makes money

Spok Holdings provides healthcare communication solutions, including one-way and two-way messaging subscriptions plus ancillary services like voicemail and equipment protection, and it also sells devices through resellers who lease or resell to subscribers.

Profit is driven by recurring healthcare messaging and software subscription revenue, where retention and ongoing usage are reflected in wireless unit churn and the installed base of wireless units in service.

Revenue by segment (latest quarter)
Wireless$0.0B
Software$0.0B

Business quality (Weak): The business model looks subscription and retention oriented, with clear operating metrics candidates (wireless churn and units in service). However, the provided revenue breakdown is incomplete relative to the company total shown as 0.0B, and key segment categories (paging, professional services, maintenance) are not included in the segment totals used here.

Valuation: At 18× earnings, SPOK trades in line with the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring subscription focus: Spok sells one-way or two-way messaging subscriptions, with additional ongoing services (such as voicemail and maintenance or subscription-related services), which supports a repeatable revenue base.
  • Installed base matters: Operating metrics include Wireless Units in Service, and the churn metric (Net Unit Churn (Wireless)) directly ties performance to customer retention.

Bear case

  • Retention and churn risk: The presence of Net Unit Churn (Wireless) as an operating metric, and the separate churn and decline metrics for paging (Net Pager Decline, Net Pager Churn Decline Average), highlight execution risk if customer usage or renewal rates weaken.
  • Revenue mix and customer access risk: Spok sells devices to resellers who lease or resell to subscribers, so dealer and channel performance can affect device-related revenue and subscriber additions.
Valuation — source: SEC EDGAR (first-party)
Price$10.44
Market Cap$218.06M
P/E Ratio19.3
EV / EBITDA10.9
Price / Book1.56
Price / Sales1.61
FCF Yield12.1%
DCF Value (model)$10.02
DCF Upside vs Price-4.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$139.71M
Net Margin11.4%
Revenue Growth (YoY)1.5%
EPS Growth (YoY)4.1%
FCF Growth (YoY)-2.0%
Financial Health — source: SEC EDGAR
Altman Z-Score3.49 (safe)
Valuation vs Sector & Industry
Stock P/E19.3
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
vs Sector-20.8%
vs Industry7.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($54.34M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryCommunication
CEOVincent D. Kelly
Employees418
CountryUS
IPO Date2004-11-17

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SPOK earnings history · SPOK institutional & insider holders · SPOK KPIs & operating metrics · SPOK financials · SPOK investor presentations & press releases · SPOK SEC filings · SPOK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.