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Side-by-side financial comparison of Primis Financial Corp. (FRST) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $33.9M, roughly 1.3× Spok Holdings, Inc). Primis Financial Corp. runs the higher net margin — 16.0% vs 8.7%, a 7.4% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs -1.5%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
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.
FRST vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $33.9M |
| Net Profit | $7.3M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | — | 11.6% |
| Net Margin | 16.0% | 8.7% |
| Revenue YoY | — | -0.1% |
| Net Profit YoY | 200.0% | -19.6% |
| EPS (diluted) | $0.30 | $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 | $45.6M | — | ||
| Q4 25 | $80.9M | $33.9M | ||
| Q3 25 | $41.0M | $33.9M | ||
| Q2 25 | $43.2M | $35.7M | ||
| Q1 25 | $58.7M | $36.3M | ||
| Q4 24 | $38.8M | $33.9M | ||
| Q3 24 | $37.3M | $34.9M | ||
| Q2 24 | $35.7M | $34.0M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $2.9M | ||
| Q3 25 | $6.8M | $3.2M | ||
| Q2 25 | $2.4M | $4.6M | ||
| Q1 25 | $22.6M | $5.2M | ||
| Q4 24 | $-26.2M | $3.6M | ||
| Q3 24 | $1.2M | $3.7M | ||
| Q2 24 | $3.4M | $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 | 44.8% | 11.6% | ||
| Q3 25 | 21.3% | 12.9% | ||
| Q2 25 | 6.9% | 15.1% | ||
| Q1 25 | 41.9% | 16.6% | ||
| Q4 24 | -123.0% | 13.7% | ||
| Q3 24 | -3.1% | 14.2% | ||
| Q2 24 | 7.8% | 13.2% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | 8.7% | ||
| Q3 25 | 16.7% | 9.5% | ||
| Q2 25 | 5.6% | 12.8% | ||
| Q1 25 | 38.6% | 14.3% | ||
| Q4 24 | -100.3% | 10.8% | ||
| Q3 24 | 3.3% | 10.5% | ||
| Q2 24 | 9.6% | 10.1% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $0.13 | ||
| Q3 25 | $0.28 | $0.15 | ||
| Q2 25 | $0.10 | $0.22 | ||
| Q1 25 | $0.92 | $0.25 | ||
| Q4 24 | $-0.95 | $0.17 | ||
| Q3 24 | $0.05 | $0.18 | ||
| Q2 24 | $0.14 | $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 | $159.9M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $427.2M | $146.4M |
| Total Assets | $4.3B | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $25.3M | ||
| Q3 25 | $63.9M | $21.4M | ||
| Q2 25 | $94.1M | $20.2M | ||
| Q1 25 | $57.0M | $19.9M | ||
| Q4 24 | $64.5M | $29.1M | ||
| Q3 24 | $77.3M | $27.8M | ||
| Q2 24 | $66.6M | $23.9M |
| Q1 26 | $427.2M | — | ||
| Q4 25 | $422.9M | $146.4M | ||
| Q3 25 | $382.2M | $148.7M | ||
| Q2 25 | $376.4M | $150.9M | ||
| Q1 25 | $375.6M | $151.7M | ||
| Q4 24 | $351.8M | $154.7M | ||
| Q3 24 | $381.0M | $156.3M | ||
| Q2 24 | $376.0M | $158.2M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $206.1M | ||
| Q3 25 | $4.0B | $209.7M | ||
| Q2 25 | $3.9B | $208.7M | ||
| Q1 25 | $3.7B | $204.5M | ||
| Q4 24 | $3.7B | $217.1M | ||
| Q3 24 | $4.0B | $216.8M | ||
| Q2 24 | $4.0B | $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 | $10.8M | $11.5M | ||
| Q3 25 | $-11.4M | $8.1M | ||
| Q2 25 | $-41.0M | $7.0M | ||
| Q1 25 | $34.4M | $2.3M | ||
| Q4 24 | $19.5M | $8.4M | ||
| Q3 24 | $6.1M | $11.1M | ||
| Q2 24 | $52.3M | $7.4M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | $18.3M | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 47.3% | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 3.1% | 2.5% | ||
| Q3 24 | 0.0% | 2.4% | ||
| Q2 24 | 0.0% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | 3.93× | ||
| Q3 25 | -1.67× | 2.54× | ||
| Q2 25 | -16.82× | 1.55× | ||
| Q1 25 | 1.52× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 4.93× | 3.03× | ||
| Q2 24 | 15.21× | 2.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
