Business Wire·Oct 28, 2026, 4:05 PM ET

Spok Reports Third Quarter 2026 Results

SPOK

Spok Holdings, Inc. reported third quarter 2026 net income of $9.7 million, a 203.4% increase from $3.2 million in the prior year period, driven by a gain on the sale of narrowband licenses.
Adjusted EBITDA totaled $8.6 million for the quarter, representing a 29.6% year-over-year increase.
Software revenue exceeded $16 million, fueled by nearly 30% growth in license revenue and over 30% growth in managed services revenue.
Wireless average revenue per unit (ARPU) rose to $8.36, while wireless units in service declined by 1.7% for the quarter.
The company generated over $7.5 million in cash from closing the sale of narrowband spectrum licenses, bringing total cash and cash equivalents to $30.1 million.
The Board declared a quarterly dividend of $0.3125 per share, payable on December 9, 2026, to stockholders of record on November 18, 2026.
Capital returned to stockholders in the third quarter totaled $6.5 million through dividends and share repurchases.
Research and development expenses were $3.2 million, supporting artificial intelligence initiatives and enhancements to the Care Connect Suite.
Spok reiterated its full-year 2026 financial guidance, projecting total revenue between $132.5 million and $139.5 million and adjusted EBITDA between $28.0 million and $32.0 million.
Management appointed Shiv Gopalkrishnan as executive vice president and general manager to integrate engineering, product strategy, and sales.
The company has no debt and maintains a cash balance of $30.1 million as of September 30, 2026.