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Side-by-side financial comparison of Finwise Bancorp (FINW) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($42.7M vs $33.9M, roughly 1.3× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs 6.4%, a 2.3% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs -1.5%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating 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.
FINW vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $33.9M |
| Net Profit | $2.7M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | — | 11.6% |
| Net Margin | 6.4% | 8.7% |
| Revenue YoY | — | -0.1% |
| Net Profit YoY | — | -19.6% |
| EPS (diluted) | $0.20 | $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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $33.9M | ||
| Q3 25 | $36.7M | $33.9M | ||
| Q2 25 | $25.1M | $35.7M | ||
| Q1 25 | $22.1M | $36.3M | ||
| Q4 24 | $21.1M | $33.9M | ||
| Q3 24 | $20.8M | $34.9M | ||
| Q2 24 | $19.8M | $34.0M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $2.9M | ||
| Q3 25 | $4.9M | $3.2M | ||
| Q2 25 | $4.1M | $4.6M | ||
| Q1 25 | $3.2M | $5.2M | ||
| Q4 24 | $2.8M | $3.6M | ||
| Q3 24 | $3.5M | $3.7M | ||
| Q2 24 | $3.2M | $3.4M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 11.6% | ||
| Q3 25 | 17.5% | 12.9% | ||
| Q2 25 | 21.7% | 15.1% | ||
| Q1 25 | 20.1% | 16.6% | ||
| Q4 24 | 17.5% | 13.7% | ||
| Q3 24 | 22.2% | 14.2% | ||
| Q2 24 | 21.1% | 13.2% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | 8.7% | ||
| Q3 25 | 13.3% | 9.5% | ||
| Q2 25 | 16.3% | 12.8% | ||
| Q1 25 | 14.4% | 14.3% | ||
| Q4 24 | 13.2% | 10.8% | ||
| Q3 24 | 16.6% | 10.5% | ||
| Q2 24 | 16.1% | 10.1% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $0.13 | ||
| Q3 25 | $0.34 | $0.15 | ||
| Q2 25 | $0.29 | $0.22 | ||
| Q1 25 | $0.23 | $0.25 | ||
| Q4 24 | $0.19 | $0.17 | ||
| Q3 24 | $0.25 | $0.18 | ||
| Q2 24 | $0.24 | $0.17 |
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 | $196.6M | $146.4M |
| Total Assets | $899.4M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $25.3M | ||
| Q3 25 | $105.6M | $21.4M | ||
| Q2 25 | $90.1M | $20.2M | ||
| Q1 25 | $120.3M | $19.9M | ||
| Q4 24 | $109.2M | $29.1M | ||
| Q3 24 | $85.8M | $27.8M | ||
| Q2 24 | $89.0M | $23.9M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $146.4M | ||
| Q3 25 | $187.8M | $148.7M | ||
| Q2 25 | $182.0M | $150.9M | ||
| Q1 25 | $177.4M | $151.7M | ||
| Q4 24 | $173.7M | $154.7M | ||
| Q3 24 | $170.4M | $156.3M | ||
| Q2 24 | $165.8M | $158.2M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $206.1M | ||
| Q3 25 | $899.9M | $209.7M | ||
| Q2 25 | $842.5M | $208.7M | ||
| Q1 25 | $804.1M | $204.5M | ||
| Q4 24 | $746.0M | $217.1M | ||
| Q3 24 | $683.0M | $216.8M | ||
| Q2 24 | $617.8M | $216.4M |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $11.5M | ||
| Q3 25 | $3.5M | $8.1M | ||
| Q2 25 | $-18.3M | $7.0M | ||
| Q1 25 | $-21.6M | $2.3M | ||
| Q4 24 | $-15.0M | $8.4M | ||
| Q3 24 | $-9.8M | $11.1M | ||
| Q2 24 | $-7.6M | $7.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $10.1M | ||
| Q3 25 | $3.4M | $7.6M | ||
| Q2 25 | $-19.8M | $6.0M | ||
| Q1 25 | $-23.3M | $1.5M | ||
| Q4 24 | $-16.1M | $7.5M | ||
| Q3 24 | $-13.4M | $10.3M | ||
| Q2 24 | $-7.7M | $6.8M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | 29.9% | ||
| Q3 25 | 9.4% | 22.4% | ||
| Q2 25 | -79.0% | 16.8% | ||
| Q1 25 | -105.3% | 4.2% | ||
| Q4 24 | -76.0% | 22.3% | ||
| Q3 24 | -64.3% | 29.4% | ||
| Q2 24 | -38.7% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 4.1% | ||
| Q3 25 | 0.1% | 1.6% | ||
| Q2 25 | 5.8% | 2.9% | ||
| Q1 25 | 7.4% | 2.1% | ||
| Q4 24 | 5.1% | 2.5% | ||
| Q3 24 | 17.2% | 2.4% | ||
| Q2 24 | 0.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | 3.93× | ||
| Q3 25 | 0.71× | 2.54× | ||
| Q2 25 | -4.48× | 1.55× | ||
| Q1 25 | -6.78× | 0.43× | ||
| Q4 24 | -5.37× | 2.31× | ||
| Q3 24 | -2.84× | 3.03× | ||
| Q2 24 | -2.39× | 2.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
