Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32358 SPOK HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

Spok (NasdaqGS:SPOK) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAl Galgano - Head of Investor RelationsCalvin Rice - CFODavid Wright - President and Managing MemberMike Wallace - COOVince Kelly - CEOConference Call ParticipantsAnderson Schock - MedTech Equity Research AnalystOperatorGreetings, welcome to the Spok Holdings, Inc. Q4 2025 earnings results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal ...

Spok (NasdaqGS:SPOK) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAl Galgano - Head of Investor RelationsCalvin Rice - CFODavid Wright - President and Managing MemberMike Wallace - COOVince Kelly - CEOConference Call ParticipantsAnderson Schock - MedTech Equity Research AnalystOperatorGreetings, welcome to the Spok Holdings, Inc. Q4 2025 earnings results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal ...

Financial Data and Key Metrics Changes - In 2025, GAAP net income totaled $15.9 million, or $0.75 per diluted share, up from $15 million, or $0.73 per diluted share in 2024 [21] - Total GAAP revenue was $139.7 million, an increase from $137.7 million in 2024 [21] - Adjusted EBITDA was $29 million in 2025, maintaining a nearly 21% margin [29] Business Line Data and Key Metrics Changes - Wireless revenue for the year was $72.5 million, down from $73.5 million in the prior year, while software revenue grew to $67.2 million, driven by a nearly 24% increase in professional services revenue [22] - Professional services revenue reached $22.1 million in 2025, up 23.7% from $17.9 million in 2024 [25] - Managed services revenue totaled $6.6 million, nearly 30% of professional services revenue, up from $3.3 million, or 18% in 2024 [26] Market Data and Key Metrics Changes - In the fourth quarter of 2025, software operations bookings increased by 14% year-over-year and 83% sequentially [7] - Average revenue per unit (ARPU) grew by $0.23 year-over-year, driven by pricing actions [23] - Net unit churn improved to 1.3% in the fourth quarter, a decrease of 12 basis points from the prior quarter [23] Company Strategy and Development Direction - The company aims to grow software revenue, generate cash, and return capital to stockholders, having returned $27.3 million to stockholders in 2025 [4][11] - The strategic focus includes continued investment in wireless and software solutions, growing the revenue base, disciplined expense management, and a stockholder-friendly capital allocation plan [13] - The company plans to pay dividends exceeding $27 million in 2026, continuing its commitment to returning capital to stockholders [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining momentum and achieving growth in total bookings in 2026, with a focus on accelerating license sales and maintaining growth in professional services [7][11] - The company anticipates that software revenue will surpass wireless revenue for the first time in its history, with guidance for software revenue ranging from $68 million to $72 million in 2026 [30][31] - Management highlighted the importance of maintaining a balance between generating cash flow and investing in future growth [54] Other Important Information - The company invested over $12 million in product research and development in 2025, a nearly 5% increase from 2024 [8] - The company has returned nearly $730 million to stockholders since its inception in 2004 [12] Q&A Session Summary Question: What is driving the shift in the cancelable portion of the software backlog? - Management indicated that the growth in deal size and the need to negotiate terms with customers are driving the increase in cancelable contracts, which have nearly tripled year-over-year [36][37] Question: How should the market view the recovery of software operations bookings? - Management believes that total bookings will grow in 2026 over 2025 levels, although quarterly results may vary due to the nature of large contracts [38][39] Question: How does the company view AI in relation to its business? - Management sees opportunities in using AI to improve internal efficiency and enhance customer functionalities, particularly in training new staff and supporting operator functions [44][46]

Fourth Quarter 2025 Earnings 2/25/2026 Fourth Quarter Earnings| 02.23.23 Safe Harbor Statement Statements contained herein or in prior press releases which are not historical fact, such as statements regarding our future operating and financial performance, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause our actual results to be materially diff ...

NEWS RELEASE Exhibit 99.1 CONTACT: Al Galgano 952-224-6096 Spok Reports Fourth Quarter And Full Year 2025 Results Q4 Software Operations Bookings Up 14% from Prior Year, and Nearly 83% From the Prior Quarter Year-Over-Year Managed Services Revenue Growth Drives Nearly 5% Growth in Software Revenue Company Provides 2026 Financial Guidance Plano, Tx. (February 25, 2026) - Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced results for the fourth quarter and full y ...

Group 1 - Spok Holdings, Inc. will report its fourth quarter and full year 2025 operating results on February 25, 2026, after U.S. market close [1] - A conference call and webcast will be held on the same day at 5:00 p.m. ET to discuss the financial results, which will be open to all interested parties [1] - Spok is recognized as a global leader in healthcare communications, delivering clinical information to care teams to improve patient outcomes [1] Group 2 - Spok's Care Connect® platform is utilized by top hospitals to enhance workflows for clinicians and support administrative compliance [1] - The company facilitates over 70 million messages each month through its solutions, enabling smarter and faster clinical communication [1] - Spok has achieved top client satisfaction scores for nine consecutive years in a survey by Black Book Market Research, highlighting its leadership in secure messaging and clinical communications [1]

Company Overview - Spok Holdings, Inc. (SPOK) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Jan 16, 2026 $7.50 Call option [1] - The company currently holds a Zacks Rank of 3 (Hold) within the Wireless National industry, which is positioned in the top 19% of the Zacks Industry Rank [3] Analyst Sentiment - Over the past 60 days, there have been no increases in earnings estimates for the current quarter from analysts, with one analyst revising the estimate downward, resulting in a consensus estimate decrease from earnings of 20 cents per share to 18 cents [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Spok shares, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

Core Viewpoint - Spok Holdings Inc. is currently experiencing a stock price of $12.75, reflecting a slight increase of 0.24%, but has seen a significant decline of 22.15% over the past month and 21.96% over the past year, raising questions about its valuation despite current performance [1]. Group 1: Stock Performance - The current stock price of Spok Holdings is $12.75, with a recent increase of 0.24% [1]. - Over the past month, the stock has decreased by 22.15% [1]. - In the past year, the stock has fallen by 21.96% [1]. Group 2: P/E Ratio Analysis - The P/E ratio of Spok Holdings is 15.9, which is higher than the industry average P/E ratio of 15.24 for the Wireless Telecommunication Services sector [6]. - A higher P/E ratio may suggest that Spok Holdings is expected to perform better than its industry peers, but it could also indicate that the stock is overvalued [6]. - The P/E ratio is a useful metric for assessing market performance, but it has limitations and should not be used in isolation [9][10]. Group 3: Investment Considerations - A lower P/E ratio can indicate that a company is undervalued or that shareholders do not expect future growth [5][10]. - Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative factors to make informed investment decisions [10].

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