Spok Reports Third Quarter 2026 Results
Spok Holdings reported Q3 2026 net income of $9.7 million, up 203% year-over-year, though the quarter included a gain on the sale of narrowband spectrum licenses that added more than $7.5 million to cash. Adjusted EBITDA rose 29.6% to $8.6 million, with license revenue up nearly 30% and managed services revenue up over 30% year-over-year — but total revenue declined 2.6% to $33.0 million as wireless paging revenue continued to erode. Forward indicators weakened: software bookings fell 28.3% to $3.2 million and backlog declined 14.6% to $52.0 million, even as the company reiterated full-year guidance of $132.5M-$139.5M revenue and $28M-$32M adjusted EBITDA.
Key figures
- Eps
- 0.46
- Revenue
- 32999000
- Guidance
- FY2026 total revenue $132.5M-$139.5M; adjusted EBITDA $28.0M-$32.0M (reiterated)
- Revenue Yoy
- -2.6%
- Net income
- 9717000
- Backlog yoy
- -14.6%
- Bookings yoy
- -28.3%
- Units decline
- -1.7%
- Wireless arpu
- 8.36
- Net income yoy
- 203.4%
- Adjusted ebitda
- 8568000
- Capital returned
- 6534000
- Operating income
- 5637000
- Software backlog
- 51987000
- Software revenue
- 16010000
- Software bookings
- 3184000
- Dividend per share
- 0.3125
- Adjusted ebitda yoy
- 29.6%
- License revenue yoy
- 29.5%
- Cash and equivalents
- 30071000
- Wireless units in service
- 634000
- Managed services revenue yoy
- 30.3%
AI analysis
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