Spok Q3 net income more than triples on license sale
SPOK•Spok's third-quarter net income rose more than 200% year over year to $9.72 million, boosted by a gain on a narrowband spectrum license sale, while revenue fell 2.6% to $32.99 million. The company reiterated 2026 revenue guidance of $132.5 million to $139.5 million and adjusted EBITDA guidance of $28 million to $32 million.
1. Quarterly results
Spok reported third-quarter revenue of $32.99 million, down 2.6% year over year, and net income of $9.72 million, which rose more than 200% after a gain on the sale of narrowband spectrum licenses. Adjusted EBITDA increased nearly 30% year over year to $8.6 million.
2. Revenue and outlook
Software revenue was $16.01 million, supported by nearly 30% year-over-year growth in license revenue and more than 30% growth in managed services revenue. Operating expenses fell 7.3% year over year to $27.36 million. Spok reiterated its 2026 revenue guidance of $132.5 million to $139.5 million and adjusted EBITDA outlook of $28 million to $32 million.
