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Dec 31, 2025
Spok Q4 2025 Earnings Report
Spok reported fourth quarter 2025 results with strong software bookings and increased wireless ARPU.
Key Takeaways
Spok Holdings delivered a solid fourth quarter with a significant 83% sequential increase in software operations bookings and a 3.4% year-over-year increase in software revenue. While total revenue remained flat, the company maintained a strong cash position with no debt and continued its strategy of returning capital to stockholders through dividends.
Software operations bookings grew 14% year-over-year to $8.1 million, driven by 14 six- and seven-figure contracts.
Wireless average revenue per unit (ARPU) increased to $8.26, helping to mitigate the impact of unit churn.
The company ended the year with $25.3 million in cash and no debt, returning $6.4 million to stockholders in Q4.
Managed services revenue saw a significant 61.6% increase in the fourth quarter compared to the prior year.
Revenue by Segment
Forward Guidance
Spok provided full year 2026 guidance expecting total revenue between $136 million and $143 million.
Positive Outlook
- Expected growth in software revenue for the full year 2026.
- Robust product sales pipeline providing visibility.
- Midpoint of adjusted EBITDA guidance is up from 2025 levels.
- Continued focus on returning capital to stockholders.
- Ongoing investment in Spok Care Connect and Wireless solutions.
Challenges Ahead
- Anticipated declines in wireless revenue for 2026.
- Software backlog decreased year-over-year at the end of 2025.
- Wireless units in service continue to decline (down 6.3% in 2025).
- Operating expenses increased slightly in Q4 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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