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Side-by-side financial comparison of Commercial Bancgroup, Inc. (CBK) 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× Commercial Bancgroup, Inc.). Commercial Bancgroup, Inc. runs the higher net margin — 41.3% vs 8.7%, a 32.7% gap on every dollar of revenue.

Commercial Bancgroup, Inc. operates as a U.S. regional bank holding company that provides a full suite of retail and commercial banking products and services to individual consumers, small and medium-sized businesses, and local institutional clients. Its core offerings include deposit accounts, lending solutions, wealth management, and tailored financial advisory services for regional markets.

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.

CBK vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.5× larger
SPOK
$33.9M
$23.1M
CBK
Higher net margin
CBK
CBK
32.7% more per $
CBK
41.3%
8.7%
SPOK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBK
CBK
SPOK
SPOK
Revenue
$23.1M
$33.9M
Net Profit
$9.5M
$2.9M
Gross Margin
76.7%
Operating Margin
11.6%
Net Margin
41.3%
8.7%
Revenue YoY
-0.1%
Net Profit YoY
9.7%
-19.6%
EPS (diluted)
$0.69
$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
CBK
CBK
SPOK
SPOK
Q1 26
$23.1M
Q4 25
$23.5M
$33.9M
Q3 25
$22.8M
$33.9M
Q2 25
$35.7M
Q1 25
$36.3M
Q4 24
$33.9M
Q3 24
$34.9M
Q2 24
$34.0M
Net Profit
CBK
CBK
SPOK
SPOK
Q1 26
$9.5M
Q4 25
$9.9M
$2.9M
Q3 25
$9.5M
$3.2M
Q2 25
$4.6M
Q1 25
$5.2M
Q4 24
$3.6M
Q3 24
$3.7M
Q2 24
$3.4M
Gross Margin
CBK
CBK
SPOK
SPOK
Q1 26
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%
Operating Margin
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
11.6%
Q3 25
53.8%
12.9%
Q2 25
15.1%
Q1 25
16.6%
Q4 24
13.7%
Q3 24
14.2%
Q2 24
13.2%
Net Margin
CBK
CBK
SPOK
SPOK
Q1 26
41.3%
Q4 25
42.2%
8.7%
Q3 25
41.4%
9.5%
Q2 25
12.8%
Q1 25
14.3%
Q4 24
10.8%
Q3 24
10.5%
Q2 24
10.1%
EPS (diluted)
CBK
CBK
SPOK
SPOK
Q1 26
$0.69
Q4 25
$0.72
$0.13
Q3 25
$0.77
$0.15
Q2 25
$0.22
Q1 25
$0.25
Q4 24
$0.17
Q3 24
$0.18
Q2 24
$0.17

Balance Sheet & Financial Strength

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

Metric
CBK
CBK
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$25.3M
Total DebtLower is stronger
$118.2M
Stockholders' EquityBook value
$146.4M
Total Assets
$2.3B
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
$25.3M
Q3 25
$154.8M
$21.4M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$29.1M
Q3 24
$27.8M
Q2 24
$23.9M
Total Debt
CBK
CBK
SPOK
SPOK
Q1 26
$118.2M
Q4 25
$166.8M
Q3 25
$100.1M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
$146.4M
Q3 25
$245.2M
$148.7M
Q2 25
$150.9M
Q1 25
$151.7M
Q4 24
$154.7M
Q3 24
$156.3M
Q2 24
$158.2M
Total Assets
CBK
CBK
SPOK
SPOK
Q1 26
$2.3B
Q4 25
$2.3B
$206.1M
Q3 25
$2.2B
$209.7M
Q2 25
$208.7M
Q1 25
$204.5M
Q4 24
$217.1M
Q3 24
$216.8M
Q2 24
$216.4M
Debt / Equity
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
Q3 25
0.41×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBK
CBK
SPOK
SPOK
Operating Cash FlowLast quarter
$11.5M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
29.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.93×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
$11.5M
Q3 25
$28.0M
$8.1M
Q2 25
$7.0M
Q1 25
$2.3M
Q4 24
$8.4M
Q3 24
$11.1M
Q2 24
$7.4M
Free Cash Flow
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
$10.1M
Q3 25
$26.5M
$7.6M
Q2 25
$6.0M
Q1 25
$1.5M
Q4 24
$7.5M
Q3 24
$10.3M
Q2 24
$6.8M
FCF Margin
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
29.9%
Q3 25
115.8%
22.4%
Q2 25
16.8%
Q1 25
4.2%
Q4 24
22.3%
Q3 24
29.4%
Q2 24
20.0%
Capex Intensity
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
4.1%
Q3 25
6.7%
1.6%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
1.9%
Cash Conversion
CBK
CBK
SPOK
SPOK
Q1 26
Q4 25
3.93×
Q3 25
2.96×
2.54×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
2.31×
Q3 24
3.03×
Q2 24
2.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBK
CBK

Net Interest Income$20.5M89%
Noninterest Income$2.6M11%

SPOK
SPOK

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

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