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Side-by-side financial comparison of Hyperscale Data, Inc. (GPUS) 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 $26.9M, roughly 1.3× Hyperscale Data, Inc.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -112.0%, a 120.6% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-56.2M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -16.3%).
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
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.
GPUS vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.9M | $33.9M |
| Net Profit | $-30.1M | $2.9M |
| Gross Margin | 14.5% | 76.7% |
| Operating Margin | -117.8% | 11.6% |
| Net Margin | -112.0% | 8.7% |
| Revenue YoY | 38.4% | -0.1% |
| Net Profit YoY | -6670.3% | -19.6% |
| EPS (diluted) | — | $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 | $26.9M | $33.9M | ||
| Q3 25 | $24.3M | $33.9M | ||
| Q2 25 | $25.9M | $35.7M | ||
| Q1 25 | $25.0M | $36.3M | ||
| Q4 24 | $19.4M | $33.9M | ||
| Q3 24 | $31.1M | $34.9M | ||
| Q2 24 | $17.8M | $34.0M | ||
| Q1 24 | $38.4M | $34.9M |
| Q4 25 | $-30.1M | $2.9M | ||
| Q3 25 | $-13.0M | $3.2M | ||
| Q2 25 | $-19.1M | $4.6M | ||
| Q1 25 | $-4.2M | $5.2M | ||
| Q4 24 | $-445.0K | $3.6M | ||
| Q3 24 | $-25.5M | $3.7M | ||
| Q2 24 | $-33.9M | $3.4M | ||
| Q1 24 | $3.7M | $4.2M |
| Q4 25 | 14.5% | 76.7% | ||
| Q3 25 | 25.8% | 78.3% | ||
| Q2 25 | 23.7% | 79.5% | ||
| Q1 25 | 21.1% | 80.1% | ||
| Q4 24 | 6.5% | 78.5% | ||
| Q3 24 | 27.5% | 79.5% | ||
| Q2 24 | -21.3% | 78.9% | ||
| Q1 24 | 47.4% | 79.5% |
| Q4 25 | -117.8% | 11.6% | ||
| Q3 25 | -57.8% | 12.9% | ||
| Q2 25 | -39.2% | 15.1% | ||
| Q1 25 | -25.5% | 16.6% | ||
| Q4 24 | -46.8% | 13.7% | ||
| Q3 24 | -79.2% | 14.2% | ||
| Q2 24 | -151.4% | 13.2% | ||
| Q1 24 | 9.5% | 14.0% |
| Q4 25 | -112.0% | 8.7% | ||
| Q3 25 | -53.5% | 9.5% | ||
| Q2 25 | -73.7% | 12.8% | ||
| Q1 25 | -16.8% | 14.3% | ||
| Q4 24 | -2.3% | 10.8% | ||
| Q3 24 | -82.3% | 10.5% | ||
| Q2 24 | -190.7% | 10.1% | ||
| Q1 24 | 9.7% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $-0.39 | $0.15 | ||
| Q2 25 | $-2.66 | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | $-8.78 | $0.17 | ||
| Q3 24 | $-24.82 | $0.18 | ||
| Q2 24 | $-37.81 | $0.17 | ||
| Q1 24 | $3.32 | $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 | $13.1M | $25.3M |
| Total DebtLower is stronger | $83.1M | — |
| Stockholders' EquityBook value | $119.8M | $146.4M |
| Total Assets | $313.7M | $206.1M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $25.3M | ||
| Q3 25 | $24.8M | $21.4M | ||
| Q2 25 | $5.9M | $20.2M | ||
| Q1 25 | $4.2M | $19.9M | ||
| Q4 24 | $4.5M | $29.1M | ||
| Q3 24 | $7.9M | $27.8M | ||
| Q2 24 | $9.6M | $23.9M | ||
| Q1 24 | $18.9M | $23.3M |
| Q4 25 | $83.1M | — | ||
| Q3 25 | $80.0M | — | ||
| Q2 25 | $88.5M | — | ||
| Q1 25 | $92.8M | — | ||
| Q4 24 | $96.7M | — | ||
| Q3 24 | $104.8M | — | ||
| Q2 24 | $106.8M | — | ||
| Q1 24 | $30.0M | — |
| Q4 25 | $119.8M | $146.4M | ||
| Q3 25 | $55.9M | $148.7M | ||
| Q2 25 | $5.5M | $150.9M | ||
| Q1 25 | $6.3M | $151.7M | ||
| Q4 24 | $8.6M | $154.7M | ||
| Q3 24 | $2.7M | $156.3M | ||
| Q2 24 | $26.7M | $158.2M | ||
| Q1 24 | $59.0M | $160.2M |
| Q4 25 | $313.7M | $206.1M | ||
| Q3 25 | $242.4M | $209.7M | ||
| Q2 25 | $213.5M | $208.7M | ||
| Q1 25 | $218.5M | $204.5M | ||
| Q4 24 | $220.8M | $217.1M | ||
| Q3 24 | $231.5M | $216.8M | ||
| Q2 24 | $270.8M | $216.4M | ||
| Q1 24 | $299.8M | $215.0M |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 16.06× | — | ||
| Q1 25 | 14.71× | — | ||
| Q4 24 | 11.19× | — | ||
| Q3 24 | 38.41× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.51× | — |
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 | $-37.7M | $11.5M |
| Free Cash FlowOCF − Capex | $-56.2M | $10.1M |
| FCF MarginFCF / Revenue | -208.7% | 29.9% |
| Capex IntensityCapex / Revenue | 68.6% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-87.1M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-37.7M | $11.5M | ||
| Q3 25 | $-17.8M | $8.1M | ||
| Q2 25 | $-3.1M | $7.0M | ||
| Q1 25 | $-4.0M | $2.3M | ||
| Q4 24 | $-9.2M | $8.4M | ||
| Q3 24 | $3.7M | $11.1M | ||
| Q2 24 | $-3.7M | $7.4M | ||
| Q1 24 | $-10.2M | $2.0M |
| Q4 25 | $-56.2M | $10.1M | ||
| Q3 25 | $-20.6M | $7.6M | ||
| Q2 25 | $-3.5M | $6.0M | ||
| Q1 25 | $-6.8M | $1.5M | ||
| Q4 24 | $-9.3M | $7.5M | ||
| Q3 24 | $2.6M | $10.3M | ||
| Q2 24 | $-5.9M | $6.8M | ||
| Q1 24 | $-11.6M | $1.1M |
| Q4 25 | -208.7% | 29.9% | ||
| Q3 25 | -84.5% | 22.4% | ||
| Q2 25 | -13.5% | 16.8% | ||
| Q1 25 | -27.3% | 4.2% | ||
| Q4 24 | -47.6% | 22.3% | ||
| Q3 24 | 8.4% | 29.4% | ||
| Q2 24 | -33.4% | 20.0% | ||
| Q1 24 | -30.3% | 3.2% |
| Q4 25 | 68.6% | 4.1% | ||
| Q3 25 | 11.5% | 1.6% | ||
| Q2 25 | 1.5% | 2.9% | ||
| Q1 25 | 11.5% | 2.1% | ||
| Q4 24 | 0.3% | 2.5% | ||
| Q3 24 | 3.6% | 2.4% | ||
| Q2 24 | 12.6% | 1.9% | ||
| Q1 24 | 3.7% | 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 | -2.75× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
