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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $23.1M, roughly 1.5× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -0.1%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -1.5%).
ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
ADCT vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $33.9M |
| Net Profit | — | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | -77.7% | 11.6% |
| Net Margin | — | 8.7% |
| Revenue YoY | 36.4% | -0.1% |
| Net Profit YoY | — | -19.6% |
| EPS (diluted) | $0.04 | $0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $23.1M | $33.9M | ||
| Q3 25 | $15.8M | $33.9M | ||
| Q2 25 | $18.1M | $35.7M | ||
| Q1 25 | $17.4M | $36.3M | ||
| Q4 24 | $16.9M | $33.9M | ||
| Q3 24 | $18.0M | $34.9M | ||
| Q2 24 | $17.0M | $34.0M | ||
| Q1 24 | $17.8M | $34.9M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | $-41.0M | $3.2M | ||
| Q2 25 | $-56.6M | $4.6M | ||
| Q1 25 | $-38.6M | $5.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $-44.0M | $3.7M | ||
| Q2 24 | $-36.5M | $3.4M | ||
| Q1 24 | $-46.6M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | -77.7% | 11.6% | ||
| Q3 25 | -196.6% | 12.9% | ||
| Q2 25 | -244.1% | 15.1% | ||
| Q1 25 | -163.5% | 16.6% | ||
| Q4 24 | -191.8% | 13.7% | ||
| Q3 24 | -197.4% | 14.2% | ||
| Q2 24 | -170.5% | 13.2% | ||
| Q1 24 | -188.3% | 14.0% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | -260.1% | 9.5% | ||
| Q2 25 | -313.2% | 12.8% | ||
| Q1 25 | -221.8% | 14.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -244.1% | 10.5% | ||
| Q2 24 | -214.6% | 10.1% | ||
| Q1 24 | -261.1% | 12.1% |
| Q4 25 | $0.04 | $0.13 | ||
| Q3 25 | $-0.30 | $0.15 | ||
| Q2 25 | $-0.50 | $0.22 | ||
| Q1 25 | $-0.36 | $0.25 | ||
| Q4 24 | $-0.26 | $0.17 | ||
| Q3 24 | $-0.42 | $0.18 | ||
| Q2 24 | $-0.38 | $0.17 | ||
| Q1 24 | $-0.56 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-185.8M | $146.4M |
| Total Assets | $323.1M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $25.3M | ||
| Q3 25 | $234.7M | $21.4M | ||
| Q2 25 | $264.6M | $20.2M | ||
| Q1 25 | $194.7M | $19.9M | ||
| Q4 24 | $250.9M | $29.1M | ||
| Q3 24 | $274.3M | $27.8M | ||
| Q2 24 | $300.1M | $23.9M | ||
| Q1 24 | $234.3M | $23.3M |
| Q4 25 | $-185.8M | $146.4M | ||
| Q3 25 | $-238.2M | $148.7M | ||
| Q2 25 | $-199.2M | $150.9M | ||
| Q1 25 | $-238.2M | $151.7M | ||
| Q4 24 | $-202.6M | $154.7M | ||
| Q3 24 | $-171.9M | $156.3M | ||
| Q2 24 | $-131.7M | $158.2M | ||
| Q1 24 | $-194.4M | $160.2M |
| Q4 25 | $323.1M | $206.1M | ||
| Q3 25 | $289.8M | $209.7M | ||
| Q2 25 | $321.6M | $208.7M | ||
| Q1 25 | $272.5M | $204.5M | ||
| Q4 24 | $322.0M | $217.1M | ||
| Q3 24 | $349.1M | $216.8M | ||
| Q2 24 | $371.8M | $216.4M | ||
| Q1 24 | $308.0M | $215.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.1M | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | 0.0% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $11.5M | ||
| Q3 25 | $-29.6M | $8.1M | ||
| Q2 25 | $-24.1M | $7.0M | ||
| Q1 25 | $-56.3M | $2.3M | ||
| Q4 24 | $-21.9M | $8.4M | ||
| Q3 24 | $-25.0M | $11.1M | ||
| Q2 24 | $-32.8M | $7.4M | ||
| Q1 24 | $-44.1M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | $-56.6M | $1.5M | ||
| Q4 24 | $-21.9M | $7.5M | ||
| Q3 24 | $-25.3M | $10.3M | ||
| Q2 24 | $-32.9M | $6.8M | ||
| Q1 24 | $-44.6M | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | -325.2% | 4.2% | ||
| Q4 24 | -129.8% | 22.3% | ||
| Q3 24 | -140.2% | 29.4% | ||
| Q2 24 | -193.0% | 20.0% | ||
| Q1 24 | -250.0% | 3.2% |
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.0% | 1.6% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 1.5% | 2.1% | ||
| Q4 24 | 0.5% | 2.5% | ||
| Q3 24 | 1.2% | 2.4% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | 3.0% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADCT
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
