Spok Holdings, Inc

Spok Holdings, Inc

SPOKVertical SaaS

Spok keeps hospital teams connected when timing means everything.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
1.5x
-0.2x
ARR
$140M
+5.4%
YoY Growth
-1.9%
+6.6pp
Market Cap
$214M
-5.9%
Revenue (Q)
$35M
+5.4%
Gross Margin
80.5%
+3.7pp
Op. Margin
15.5%
+5.8pp
Rule of 40
13.6
+12.4
Magic Number
1.59
+2.16

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data.

AI Replacement Risk
10/ 100
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Valuation by quarter

Current ARR Multiple: 1.5x

Calculated valuation

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Valuation data is not available for this company.

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Company overview

Spok keeps hospital teams connected when timing means everything. The company is based in Virginia and serves healthcare as its main market. Its focus is clinical communication.

Hospitals are chaotic by nature. Doctors, nurses, and specialists must reach each other instantly, day and night. A delayed message during an emergency can cost a life. Spok builds the systems that route these critical alerts to the right person right away.

Its platform, Spok Care Connect, ties together messaging, on call schedules, and alerts from medical devices. When a patient monitor sounds an alarm, Spok can send it straight to the nurse responsible, not to a crowded group where it gets lost.

Picture a code blue on the fifth floor. The right team must assemble in seconds. Spok can page and message each member at once and confirm who is responding. That coordination is the product.

The company carries an unusual mix. Part of its business is modern software. Part is a legacy paging network, since pagers still work in hospitals where phones fail and reliability rules. That older revenue slowly declines while the software side grows.

Revenue runs around $130 million a year, and the company returns a lot of cash to shareholders through dividends. Spok is a niche player. It owns a life or death corner of healthcare communication and defends it carefully.

Entity information

Industry4812: Radiotelephone Communications
Fiscal YearDec 31
IncorporatedDelaware
Phone(800) 611-8488
Address3000 TECHNOLOGY DRIVE, SUITE 400, PLANO, TX, 75074
Mailing address3000 TECHNOLOGY DRIVE, SUITE 400, PLANO, TX, 75074
EIN16-1694797
Entity typeoperating
SEC industry framework06 Technology
Former namesUSA Mobility, Inc (to 2014-07-08); Wizards-Patriots Holdings, Inc. (to 2004-07-01)

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.