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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $33.9M, roughly 1.2× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -17.9%, a 26.6% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -23.2%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-10.8M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs SPOK — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $33.9M |
| Net Profit | $-7.2M | $2.9M |
| Gross Margin | 36.6% | 76.7% |
| Operating Margin | -28.4% | 11.6% |
| Net Margin | -17.9% | 8.7% |
| Revenue YoY | -23.2% | -0.1% |
| Net Profit YoY | 71.0% | -19.6% |
| EPS (diluted) | $-0.26 | $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 | — | $33.9M | ||
| Q3 25 | — | $33.9M | ||
| Q2 25 | — | $35.7M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | $40.3M | $33.9M | ||
| Q3 24 | $44.7M | $34.9M | ||
| Q2 24 | $45.2M | $34.0M | ||
| Q1 24 | $47.1M | $34.9M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | — | $3.2M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | $-7.2M | $3.6M | ||
| Q3 24 | $-34.5M | $3.7M | ||
| Q2 24 | $-14.2M | $3.4M | ||
| Q1 24 | $-18.4M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | 36.6% | 78.5% | ||
| Q3 24 | 43.6% | 79.5% | ||
| Q2 24 | 32.5% | 78.9% | ||
| Q1 24 | 29.8% | 79.5% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | -28.4% | 13.7% | ||
| Q3 24 | -69.6% | 14.2% | ||
| Q2 24 | -27.2% | 13.2% | ||
| Q1 24 | -33.1% | 14.0% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -17.9% | 10.8% | ||
| Q3 24 | -77.3% | 10.5% | ||
| Q2 24 | -31.5% | 10.1% | ||
| Q1 24 | -39.2% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | $-0.26 | $0.17 | ||
| Q3 24 | $-1.22 | $0.18 | ||
| Q2 24 | $-0.51 | $0.17 | ||
| Q1 24 | $-0.66 | $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 | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $146.4M |
| Total Assets | $173.7M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $20.2M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | $29.1M | ||
| Q3 24 | — | $27.8M | ||
| Q2 24 | — | $23.9M | ||
| Q1 24 | — | $23.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $146.4M | ||
| Q3 25 | — | $148.7M | ||
| Q2 25 | — | $150.9M | ||
| Q1 25 | — | $151.7M | ||
| Q4 24 | $-3.2M | $154.7M | ||
| Q3 24 | $1.9M | $156.3M | ||
| Q2 24 | $34.1M | $158.2M | ||
| Q1 24 | $45.0M | $160.2M |
| Q4 25 | — | $206.1M | ||
| Q3 25 | — | $209.7M | ||
| Q2 25 | — | $208.7M | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $173.7M | $217.1M | ||
| Q3 24 | $194.3M | $216.8M | ||
| Q2 24 | $221.1M | $216.4M | ||
| Q1 24 | $219.8M | $215.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $11.5M |
| Free Cash FlowOCF − Capex | $-10.8M | $10.1M |
| FCF MarginFCF / Revenue | -26.8% | 29.9% |
| Capex IntensityCapex / Revenue | 1.1% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.5M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | $-10.4M | $8.4M | ||
| Q3 24 | $8.9M | $11.1M | ||
| Q2 24 | $2.4M | $7.4M | ||
| Q1 24 | $-15.9M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | $-10.8M | $7.5M | ||
| Q3 24 | $6.8M | $10.3M | ||
| Q2 24 | $87.0K | $6.8M | ||
| Q1 24 | $-17.4M | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | -26.8% | 22.3% | ||
| Q3 24 | 15.2% | 29.4% | ||
| Q2 24 | 0.2% | 20.0% | ||
| Q1 24 | -37.0% | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 1.1% | 2.5% | ||
| Q3 24 | 4.8% | 2.4% | ||
| Q2 24 | 5.1% | 1.9% | ||
| Q1 24 | 3.3% | 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
