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Side-by-side financial comparison of ARK RESTAURANTS CORP (ARKR) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.

ARK RESTAURANTS CORP is the larger business by last-quarter revenue ($40.7M vs $33.9M, roughly 1.2× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs 2.2%, a 6.5% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -9.4%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-1.8M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -1.8%).

ARK Restaurants Corp operates a diversified portfolio of dining establishments across the United States, spanning casual dining, fast-casual, and upscale fine dining segments. Its offerings include American comfort food, BBQ, seafood, and Italian cuisine, serving local community patrons and tourist visitors across dozens of locations in multiple states.

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.

ARKR vs SPOK — Head-to-Head

Bigger by revenue
ARKR
ARKR
1.2× larger
ARKR
$40.7M
$33.9M
SPOK
Growing faster (revenue YoY)
SPOK
SPOK
+9.3% gap
SPOK
-0.1%
-9.4%
ARKR
Higher net margin
SPOK
SPOK
6.5% more per $
SPOK
8.7%
2.2%
ARKR
More free cash flow
SPOK
SPOK
$11.9M more FCF
SPOK
$10.1M
$-1.8M
ARKR
Faster 2-yr revenue CAGR
SPOK
SPOK
Annualised
SPOK
-1.5%
-1.8%
ARKR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARKR
ARKR
SPOK
SPOK
Revenue
$40.7M
$33.9M
Net Profit
$896.0K
$2.9M
Gross Margin
76.7%
Operating Margin
2.7%
11.6%
Net Margin
2.2%
8.7%
Revenue YoY
-9.4%
-0.1%
Net Profit YoY
-71.7%
-19.6%
EPS (diluted)
$0.25
$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.

Revenue
ARKR
ARKR
SPOK
SPOK
Q4 25
$40.7M
$33.9M
Q3 25
$37.3M
$33.9M
Q2 25
$43.7M
$35.7M
Q1 25
$39.7M
$36.3M
Q4 24
$45.0M
$33.9M
Q3 24
$43.4M
$34.9M
Q2 24
$50.4M
$34.0M
Q1 24
$42.3M
$34.9M
Net Profit
ARKR
ARKR
SPOK
SPOK
Q4 25
$896.0K
$2.9M
Q3 25
$-1.9M
$3.2M
Q2 25
$-3.5M
$4.6M
Q1 25
$-9.3M
$5.2M
Q4 24
$3.2M
$3.6M
Q3 24
$-4.5M
$3.7M
Q2 24
$640.0K
$3.4M
Q1 24
$-1.4M
$4.2M
Gross Margin
ARKR
ARKR
SPOK
SPOK
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%
Operating Margin
ARKR
ARKR
SPOK
SPOK
Q4 25
2.7%
11.6%
Q3 25
-4.6%
12.9%
Q2 25
-7.8%
15.1%
Q1 25
-11.6%
16.6%
Q4 24
12.6%
13.7%
Q3 24
-12.7%
14.2%
Q2 24
1.6%
13.2%
Q1 24
-2.8%
14.0%
Net Margin
ARKR
ARKR
SPOK
SPOK
Q4 25
2.2%
8.7%
Q3 25
-5.1%
9.5%
Q2 25
-7.9%
12.8%
Q1 25
-23.3%
14.3%
Q4 24
7.0%
10.8%
Q3 24
-10.3%
10.5%
Q2 24
1.3%
10.1%
Q1 24
-3.4%
12.1%
EPS (diluted)
ARKR
ARKR
SPOK
SPOK
Q4 25
$0.25
$0.13
Q3 25
$-0.53
$0.15
Q2 25
$-0.96
$0.22
Q1 25
$-2.57
$0.25
Q4 24
$0.88
$0.17
Q3 24
$-1.24
$0.18
Q2 24
$0.18
$0.17
Q1 24
$-0.40
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARKR
ARKR
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$9.1M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$33.7M
$146.4M
Total Assets
$130.4M
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARKR
ARKR
SPOK
SPOK
Q4 25
$9.1M
$25.3M
Q3 25
$11.3M
$21.4M
Q2 25
$12.3M
$20.2M
Q1 25
$11.1M
$19.9M
Q4 24
$13.1M
$29.1M
Q3 24
$10.3M
$27.8M
Q2 24
$11.5M
$23.9M
Q1 24
$10.4M
$23.3M
Stockholders' Equity
ARKR
ARKR
SPOK
SPOK
Q4 25
$33.7M
$146.4M
Q3 25
$32.7M
$148.7M
Q2 25
$34.7M
$150.9M
Q1 25
$38.1M
$151.7M
Q4 24
$47.3M
$154.7M
Q3 24
$44.1M
$156.3M
Q2 24
$48.9M
$158.2M
Q1 24
$49.7M
$160.2M
Total Assets
ARKR
ARKR
SPOK
SPOK
Q4 25
$130.4M
$206.1M
Q3 25
$133.5M
$209.7M
Q2 25
$136.3M
$208.7M
Q1 25
$141.9M
$204.5M
Q4 24
$154.6M
$217.1M
Q3 24
$156.0M
$216.8M
Q2 24
$166.5M
$216.4M
Q1 24
$169.6M
$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
ARKR
ARKR
SPOK
SPOK
Operating Cash FlowLast quarter
$-550.0K
$11.5M
Free Cash FlowOCF − Capex
$-1.8M
$10.1M
FCF MarginFCF / Revenue
-4.4%
29.9%
Capex IntensityCapex / Revenue
3.1%
4.1%
Cash ConversionOCF / Net Profit
-0.61×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARKR
ARKR
SPOK
SPOK
Q4 25
$-550.0K
$11.5M
Q3 25
$633.0K
$8.1M
Q2 25
$1.9M
$7.0M
Q1 25
$612.0K
$2.3M
Q4 24
$-1.3M
$8.4M
Q3 24
$728.0K
$11.1M
Q2 24
$3.2M
$7.4M
Q1 24
$208.0K
$2.0M
Free Cash Flow
ARKR
ARKR
SPOK
SPOK
Q4 25
$-1.8M
$10.1M
Q3 25
$-989.0K
$7.6M
Q2 25
$1.2M
$6.0M
Q1 25
$290.0K
$1.5M
Q4 24
$-2.0M
$7.5M
Q3 24
$-482.0K
$10.3M
Q2 24
$2.5M
$6.8M
Q1 24
$-148.0K
$1.1M
FCF Margin
ARKR
ARKR
SPOK
SPOK
Q4 25
-4.4%
29.9%
Q3 25
-2.6%
22.4%
Q2 25
2.7%
16.8%
Q1 25
0.7%
4.2%
Q4 24
-4.4%
22.3%
Q3 24
-1.1%
29.4%
Q2 24
5.0%
20.0%
Q1 24
-0.4%
3.2%
Capex Intensity
ARKR
ARKR
SPOK
SPOK
Q4 25
3.1%
4.1%
Q3 25
4.3%
1.6%
Q2 25
1.5%
2.9%
Q1 25
0.8%
2.1%
Q4 24
1.4%
2.5%
Q3 24
2.8%
2.4%
Q2 24
1.2%
1.9%
Q1 24
0.8%
2.5%
Cash Conversion
ARKR
ARKR
SPOK
SPOK
Q4 25
-0.61×
3.93×
Q3 25
2.54×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
-0.43×
2.31×
Q3 24
3.03×
Q2 24
4.94×
2.17×
Q1 24
0.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARKR
ARKR

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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