vs
Side-by-side financial comparison of BGSF, INC. (BGSF) 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 $22.0M, roughly 1.5× BGSF, INC.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -5.3%, a 13.9% 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 $1.7M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $33.9M |
| Net Profit | $-1.2M | $2.9M |
| Gross Margin | 35.0% | 76.7% |
| Operating Margin | -17.6% | 11.6% |
| Net Margin | -5.3% | 8.7% |
| Revenue YoY | -9.4% | -0.1% |
| Net Profit YoY | -18.2% | -19.6% |
| EPS (diluted) | $-0.12 | $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 | $22.0M | $33.9M | ||
| Q3 25 | $26.9M | $33.9M | ||
| Q2 25 | $23.5M | $35.7M | ||
| Q1 25 | $20.9M | $36.3M | ||
| Q4 24 | $24.3M | $33.9M | ||
| Q3 24 | $29.8M | $34.9M | ||
| Q2 24 | $25.7M | $34.0M | ||
| Q1 24 | $24.5M | $34.9M |
| Q4 25 | $-1.2M | $2.9M | ||
| Q3 25 | $-5.8M | $3.2M | ||
| Q2 25 | $-3.7M | $4.6M | ||
| Q1 25 | $-722.0K | $5.2M | ||
| Q4 24 | $-981.0K | $3.6M | ||
| Q3 24 | $-804.0K | $3.7M | ||
| Q2 24 | $-761.0K | $3.4M | ||
| Q1 24 | $-792.0K | $4.2M |
| Q4 25 | 35.0% | 76.7% | ||
| Q3 25 | 35.9% | 78.3% | ||
| Q2 25 | 35.8% | 79.5% | ||
| Q1 25 | 36.2% | 80.1% | ||
| Q4 24 | 35.9% | 78.5% | ||
| Q3 24 | 35.9% | 79.5% | ||
| Q2 24 | 37.3% | 78.9% | ||
| Q1 24 | 38.1% | 79.5% |
| Q4 25 | -17.6% | 11.6% | ||
| Q3 25 | -3.5% | 12.9% | ||
| Q2 25 | -18.8% | 15.1% | ||
| Q1 25 | 1.6% | 16.6% | ||
| Q4 24 | -15.7% | 13.7% | ||
| Q3 24 | -3.4% | 14.2% | ||
| Q2 24 | -5.7% | 13.2% | ||
| Q1 24 | 1.7% | 14.0% |
| Q4 25 | -5.3% | 8.7% | ||
| Q3 25 | -21.6% | 9.5% | ||
| Q2 25 | -15.9% | 12.8% | ||
| Q1 25 | -3.5% | 14.3% | ||
| Q4 24 | -4.0% | 10.8% | ||
| Q3 24 | -2.7% | 10.5% | ||
| Q2 24 | -3.0% | 10.1% | ||
| Q1 24 | -3.2% | 12.1% |
| Q4 25 | $-0.12 | $0.13 | ||
| Q3 25 | $-0.52 | $0.15 | ||
| Q2 25 | $-0.34 | $0.22 | ||
| Q1 25 | $-0.06 | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $-0.07 | $0.18 | ||
| Q2 24 | $-0.07 | $0.17 | ||
| Q1 24 | — | $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 | — | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $146.4M |
| Total Assets | $57.8M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.3M | ||
| Q3 25 | $41.2M | $21.4M | ||
| Q2 25 | $2.8M | $20.2M | ||
| Q1 25 | $2.0M | $19.9M | ||
| Q4 24 | $32.0K | $29.1M | ||
| Q3 24 | $262 | $27.8M | ||
| Q2 24 | $226 | $23.9M | ||
| Q1 24 | $50 | $23.3M |
| Q4 25 | $48.1M | $146.4M | ||
| Q3 25 | $50.7M | $148.7M | ||
| Q2 25 | $78.3M | $150.9M | ||
| Q1 25 | $81.8M | $151.7M | ||
| Q4 24 | $82.3M | $154.7M | ||
| Q3 24 | $82.9M | $156.3M | ||
| Q2 24 | $83.2M | $158.2M | ||
| Q1 24 | $83.6M | $160.2M |
| Q4 25 | $57.8M | $206.1M | ||
| Q3 25 | $83.6M | $209.7M | ||
| Q2 25 | $149.7M | $208.7M | ||
| Q1 25 | $152.3M | $204.5M | ||
| Q4 24 | $150.1M | $217.1M | ||
| Q3 24 | $157.3K | $216.8M | ||
| Q2 24 | $159.8K | $216.4M | ||
| Q1 24 | $170.6K | $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 | $1.7M | $11.5M |
| Free Cash FlowOCF − Capex | $1.7M | $10.1M |
| FCF MarginFCF / Revenue | 7.6% | 29.9% |
| Capex IntensityCapex / Revenue | 0.1% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $11.5M | ||
| Q3 25 | $-4.8M | $8.1M | ||
| Q2 25 | $2.2M | $7.0M | ||
| Q1 25 | $1.1M | $2.3M | ||
| Q4 24 | $3.2M | $8.4M | ||
| Q3 24 | $6.5M | $11.1M | ||
| Q2 24 | $7.3M | $7.4M | ||
| Q1 24 | $7.4M | $2.0M |
| Q4 25 | $1.7M | $10.1M | ||
| Q3 25 | $-4.9M | $7.6M | ||
| Q2 25 | $2.1M | $6.0M | ||
| Q1 25 | $1.0M | $1.5M | ||
| Q4 24 | $2.5M | $7.5M | ||
| Q3 24 | $6.5M | $10.3M | ||
| Q2 24 | $7.3M | $6.8M | ||
| Q1 24 | $6.9M | $1.1M |
| Q4 25 | 7.6% | 29.9% | ||
| Q3 25 | -18.1% | 22.4% | ||
| Q2 25 | 9.1% | 16.8% | ||
| Q1 25 | 5.0% | 4.2% | ||
| Q4 24 | 10.2% | 22.3% | ||
| Q3 24 | 21.7% | 29.4% | ||
| Q2 24 | 28.5% | 20.0% | ||
| Q1 24 | 28.1% | 3.2% |
| Q4 25 | 0.1% | 4.1% | ||
| Q3 25 | 0.4% | 1.6% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.1% | 2.1% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 0.0% | 2.4% | ||
| Q2 24 | 0.0% | 1.9% | ||
| Q1 24 | 2.0% | 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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
