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Side-by-side financial comparison of Inspirato Inc (ISPO) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $33.9M, roughly 1.6× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -8.1%, a 16.8% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -19.6%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-3.0M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -11.4%).
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
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.
ISPO vs SPOK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $33.9M |
| Net Profit | $-4.5M | $2.9M |
| Gross Margin | 31.4% | 76.7% |
| Operating Margin | -8.0% | 11.6% |
| Net Margin | -8.1% | 8.7% |
| Revenue YoY | -19.6% | -0.1% |
| Net Profit YoY | -204.4% | -19.6% |
| EPS (diluted) | $-0.36 | $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 | $55.5M | $33.9M | ||
| Q2 25 | $63.1M | $35.7M | ||
| Q1 25 | $65.9M | $36.3M | ||
| Q4 24 | $63.1M | $33.9M | ||
| Q3 24 | $69.1M | $34.9M | ||
| Q2 24 | $67.4M | $34.0M | ||
| Q1 24 | $80.2M | $34.9M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | $-4.5M | $3.2M | ||
| Q2 25 | $-5.3M | $4.6M | ||
| Q1 25 | $1.6M | $5.2M | ||
| Q4 24 | $-2.3M | $3.6M | ||
| Q3 24 | $4.3M | $3.7M | ||
| Q2 24 | $-8.7M | $3.4M | ||
| Q1 24 | $1.3M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | 31.4% | 78.3% | ||
| Q2 25 | 27.5% | 79.5% | ||
| Q1 25 | 38.8% | 80.1% | ||
| Q4 24 | 34.7% | 78.5% | ||
| Q3 24 | 71.5% | 79.5% | ||
| Q2 24 | 24.0% | 78.9% | ||
| Q1 24 | 39.5% | 79.5% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | -8.0% | 12.9% | ||
| Q2 25 | -8.3% | 15.1% | ||
| Q1 25 | 2.5% | 16.6% | ||
| Q4 24 | -3.2% | 13.7% | ||
| Q3 24 | 9.8% | 14.2% | ||
| Q2 24 | -22.8% | 13.2% | ||
| Q1 24 | 3.0% | 14.0% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | -8.1% | 9.5% | ||
| Q2 25 | -8.4% | 12.8% | ||
| Q1 25 | 2.5% | 14.3% | ||
| Q4 24 | -3.6% | 10.8% | ||
| Q3 24 | 6.3% | 10.5% | ||
| Q2 24 | -12.9% | 10.1% | ||
| Q1 24 | 1.6% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $-0.36 | $0.15 | ||
| Q2 25 | $-0.42 | $0.22 | ||
| Q1 25 | $0.12 | $0.25 | ||
| Q4 24 | $0.98 | $0.17 | ||
| Q3 24 | $0.62 | $0.18 | ||
| Q2 24 | $-2.33 | $0.17 | ||
| Q1 24 | $-0.18 | $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 | $13.7M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-134.0M | $146.4M |
| Total Assets | $228.3M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.3M | ||
| Q3 25 | $13.7M | $21.4M | ||
| Q2 25 | $16.7M | $20.2M | ||
| Q1 25 | $16.4M | $19.9M | ||
| Q4 24 | $21.8M | $29.1M | ||
| Q3 24 | $13.5M | $27.8M | ||
| Q2 24 | $18.8M | $23.9M | ||
| Q1 24 | $22.6M | $23.3M |
| Q4 25 | — | $146.4M | ||
| Q3 25 | $-134.0M | $148.7M | ||
| Q2 25 | $-129.7M | $150.9M | ||
| Q1 25 | $-125.2M | $151.7M | ||
| Q4 24 | $-129.9M | $154.7M | ||
| Q3 24 | $-134.6M | $156.3M | ||
| Q2 24 | $-35.2M | $158.2M | ||
| Q1 24 | $-27.5M | $160.2M |
| Q4 25 | — | $206.1M | ||
| Q3 25 | $228.3M | $209.7M | ||
| Q2 25 | $252.6M | $208.7M | ||
| Q1 25 | $270.1M | $204.5M | ||
| Q4 24 | $273.9M | $217.1M | ||
| Q3 24 | $273.3M | $216.8M | ||
| Q2 24 | $301.7M | $216.4M | ||
| Q1 24 | $313.0M | $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 | $-2.2M | $11.5M |
| Free Cash FlowOCF − Capex | $-3.0M | $10.1M |
| FCF MarginFCF / Revenue | -5.4% | 29.9% |
| Capex IntensityCapex / Revenue | 1.4% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-31.2M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.5M | ||
| Q3 25 | $-2.2M | $8.1M | ||
| Q2 25 | $1.1M | $7.0M | ||
| Q1 25 | $-6.6M | $2.3M | ||
| Q4 24 | $-15.8M | $8.4M | ||
| Q3 24 | $-13.7M | $11.1M | ||
| Q2 24 | $-1.8M | $7.4M | ||
| Q1 24 | $-7.2M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | $-3.0M | $7.6M | ||
| Q2 25 | $468.0K | $6.0M | ||
| Q1 25 | $-7.5M | $1.5M | ||
| Q4 24 | $-21.2M | $7.5M | ||
| Q3 24 | $-14.8M | $10.3M | ||
| Q2 24 | $-3.7M | $6.8M | ||
| Q1 24 | $-8.5M | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | -5.4% | 22.4% | ||
| Q2 25 | 0.7% | 16.8% | ||
| Q1 25 | -11.4% | 4.2% | ||
| Q4 24 | -33.7% | 22.3% | ||
| Q3 24 | -21.5% | 29.4% | ||
| Q2 24 | -5.5% | 20.0% | ||
| Q1 24 | -10.6% | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.4% | 1.6% | ||
| Q2 25 | 1.0% | 2.9% | ||
| Q1 25 | 1.3% | 2.1% | ||
| Q4 24 | 8.7% | 2.5% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 2.8% | 1.9% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | -4.09× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | -3.16× | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | -5.70× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
