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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $33.9M, roughly 1.4× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -97.9%, a 106.5% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-35.2M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $33.9M |
| Net Profit | $-8.0M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | -97.5% | 11.6% |
| Net Margin | -97.9% | 8.7% |
| Revenue YoY | 421.7% | -0.1% |
| Net Profit YoY | 43.0% | -19.6% |
| EPS (diluted) | $-0.09 | $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 | $48.4M | $33.9M | ||
| Q3 25 | $63.6M | $33.9M | ||
| Q2 25 | $51.4M | $35.7M | ||
| Q1 25 | $71.4M | $36.3M | ||
| Q4 24 | $9.3M | $33.9M | ||
| Q3 24 | $9.2M | $34.9M | ||
| Q2 24 | $57.5M | $34.0M | ||
| Q1 24 | $51.1M | $34.9M |
| Q4 25 | $-8.0M | $2.9M | ||
| Q3 25 | $-146.3M | $3.2M | ||
| Q2 25 | $-7.7M | $4.6M | ||
| Q1 25 | $6.9M | $5.2M | ||
| Q4 24 | $-14.1M | $3.6M | ||
| Q3 24 | $-82.2M | $3.7M | ||
| Q2 24 | $3.1M | $3.4M | ||
| Q1 24 | $793.0K | $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 | -97.5% | 11.6% | ||
| Q3 25 | -92.7% | 12.9% | ||
| Q2 25 | -21.1% | 15.1% | ||
| Q1 25 | 8.8% | 16.6% | ||
| Q4 24 | -247.7% | 13.7% | ||
| Q3 24 | -1276.7% | 14.2% | ||
| Q2 24 | 4.6% | 13.2% | ||
| Q1 24 | -0.2% | 14.0% |
| Q4 25 | -97.9% | 8.7% | ||
| Q3 25 | -230.1% | 9.5% | ||
| Q2 25 | -15.0% | 12.8% | ||
| Q1 25 | 9.7% | 14.3% | ||
| Q4 24 | -152.2% | 10.8% | ||
| Q3 24 | -896.9% | 10.5% | ||
| Q2 24 | 5.4% | 10.1% | ||
| Q1 24 | 1.6% | 12.1% |
| Q4 25 | $-0.09 | $0.13 | ||
| Q3 25 | $-1.78 | $0.15 | ||
| Q2 25 | $-0.09 | $0.22 | ||
| Q1 25 | $0.08 | $0.25 | ||
| Q4 24 | $-0.24 | $0.17 | ||
| Q3 24 | $-1.23 | $0.18 | ||
| Q2 24 | $0.05 | $0.17 | ||
| Q1 24 | $0.01 | $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 | $1.6B | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $146.4M |
| Total Assets | $11.9B | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $25.3M | ||
| Q3 25 | $1.7B | $21.4M | ||
| Q2 25 | $1.1B | $20.2M | ||
| Q1 25 | $1.0B | $19.9M | ||
| Q4 24 | $1.0B | $29.1M | ||
| Q3 24 | $1.1B | $27.8M | ||
| Q2 24 | $1.4B | $23.9M | ||
| Q1 24 | $1.6B | $23.3M |
| Q4 25 | $912.6M | $146.4M | ||
| Q3 25 | $917.9M | $148.7M | ||
| Q2 25 | $1.1B | $150.9M | ||
| Q1 25 | $1.1B | $151.7M | ||
| Q4 24 | $1.1B | $154.7M | ||
| Q3 24 | $1.1B | $156.3M | ||
| Q2 24 | $933.2M | $158.2M | ||
| Q1 24 | $928.7M | $160.2M |
| Q4 25 | $11.9B | $206.1M | ||
| Q3 25 | $11.9B | $209.7M | ||
| Q2 25 | $11.6B | $208.7M | ||
| Q1 25 | $12.6B | $204.5M | ||
| Q4 24 | $12.6B | $217.1M | ||
| Q3 24 | $13.4B | $216.8M | ||
| Q2 24 | $13.7B | $216.4M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $11.5M |
| Free Cash FlowOCF − Capex | $-35.2M | $10.1M |
| FCF MarginFCF / Revenue | -72.8% | 29.9% |
| Capex IntensityCapex / Revenue | 6.9% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $11.5M | ||
| Q3 25 | $9.2M | $8.1M | ||
| Q2 25 | $-16.3M | $7.0M | ||
| Q1 25 | $-552.0K | $2.3M | ||
| Q4 24 | $-8.7M | $8.4M | ||
| Q3 24 | $14.2M | $11.1M | ||
| Q2 24 | $-9.1M | $7.4M | ||
| Q1 24 | $7.2M | $2.0M |
| Q4 25 | $-35.2M | $10.1M | ||
| Q3 25 | $8.6M | $7.6M | ||
| Q2 25 | $-16.7M | $6.0M | ||
| Q1 25 | $-2.5M | $1.5M | ||
| Q4 24 | $-11.4M | $7.5M | ||
| Q3 24 | $13.4M | $10.3M | ||
| Q2 24 | $-9.4M | $6.8M | ||
| Q1 24 | $5.9M | $1.1M |
| Q4 25 | -72.8% | 29.9% | ||
| Q3 25 | 13.5% | 22.4% | ||
| Q2 25 | -32.4% | 16.8% | ||
| Q1 25 | -3.5% | 4.2% | ||
| Q4 24 | -123.5% | 22.3% | ||
| Q3 24 | 146.2% | 29.4% | ||
| Q2 24 | -16.3% | 20.0% | ||
| Q1 24 | 11.6% | 3.2% |
| Q4 25 | 6.9% | 4.1% | ||
| Q3 25 | 1.0% | 1.6% | ||
| Q2 25 | 0.8% | 2.9% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 29.4% | 2.5% | ||
| Q3 24 | 9.0% | 2.4% | ||
| Q2 24 | 0.4% | 1.9% | ||
| Q1 24 | 2.5% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | -0.08× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | -2.96× | 2.17× | ||
| Q1 24 | 9.09× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
