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Side-by-side financial comparison of OP Bancorp (OPBK) 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 $24.3M, roughly 1.4× OP Bancorp). On growth, OP Bancorp posted the faster year-over-year revenue change (13.7% vs -0.1%). OP Bancorp produced more free cash flow last quarter ($23.4M vs $10.1M). Over the past eight quarters, OP Bancorp's revenue compounded faster (11.4% CAGR vs -1.5%).

OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.

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.

OPBK vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.4× larger
SPOK
$33.9M
$24.3M
OPBK
Growing faster (revenue YoY)
OPBK
OPBK
+13.8% gap
OPBK
13.7%
-0.1%
SPOK
More free cash flow
OPBK
OPBK
$13.2M more FCF
OPBK
$23.4M
$10.1M
SPOK
Faster 2-yr revenue CAGR
OPBK
OPBK
Annualised
OPBK
11.4%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPBK
OPBK
SPOK
SPOK
Revenue
$24.3M
$33.9M
Net Profit
$2.9M
Gross Margin
76.7%
Operating Margin
39.2%
11.6%
Net Margin
8.7%
Revenue YoY
13.7%
-0.1%
Net Profit YoY
-19.6%
EPS (diluted)
$0.48
$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.

Revenue
OPBK
OPBK
SPOK
SPOK
Q4 25
$24.3M
$33.9M
Q3 25
$24.5M
$33.9M
Q2 25
$23.7M
$35.7M
Q1 25
$22.2M
$36.3M
Q4 24
$21.3M
$33.9M
Q3 24
$20.7M
$34.9M
Q2 24
$20.4M
$34.0M
Q1 24
$19.6M
$34.9M
Net Profit
OPBK
OPBK
SPOK
SPOK
Q4 25
$2.9M
Q3 25
$6.7M
$3.2M
Q2 25
$6.3M
$4.6M
Q1 25
$5.6M
$5.2M
Q4 24
$3.6M
Q3 24
$5.4M
$3.7M
Q2 24
$5.4M
$3.4M
Q1 24
$5.2M
$4.2M
Gross Margin
OPBK
OPBK
SPOK
SPOK
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%
Operating Margin
OPBK
OPBK
SPOK
SPOK
Q4 25
39.2%
11.6%
Q3 25
39.5%
12.9%
Q2 25
35.7%
15.1%
Q1 25
34.6%
16.6%
Q4 24
31.2%
13.7%
Q3 24
36.5%
14.2%
Q2 24
37.2%
13.2%
Q1 24
37.1%
14.0%
Net Margin
OPBK
OPBK
SPOK
SPOK
Q4 25
8.7%
Q3 25
27.4%
9.5%
Q2 25
26.7%
12.8%
Q1 25
25.0%
14.3%
Q4 24
10.8%
Q3 24
26.2%
10.5%
Q2 24
26.7%
10.1%
Q1 24
26.7%
12.1%
EPS (diluted)
OPBK
OPBK
SPOK
SPOK
Q4 25
$0.48
$0.13
Q3 25
$0.45
$0.15
Q2 25
$0.42
$0.22
Q1 25
$0.37
$0.25
Q4 24
$0.33
$0.17
Q3 24
$0.36
$0.18
Q2 24
$0.36
$0.17
Q1 24
$0.34
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPBK
OPBK
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$167.3M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$227.9M
$146.4M
Total Assets
$2.7B
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPBK
OPBK
SPOK
SPOK
Q4 25
$167.3M
$25.3M
Q3 25
$166.7M
$21.4M
Q2 25
$205.4M
$20.2M
Q1 25
$198.9M
$19.9M
Q4 24
$134.9M
$29.1M
Q3 24
$166.8M
$27.8M
Q2 24
$127.7M
$23.9M
Q1 24
$139.2M
$23.3M
Stockholders' Equity
OPBK
OPBK
SPOK
SPOK
Q4 25
$227.9M
$146.4M
Q3 25
$221.5M
$148.7M
Q2 25
$213.7M
$150.9M
Q1 25
$210.1M
$151.7M
Q4 24
$205.0M
$154.7M
Q3 24
$203.6M
$156.3M
Q2 24
$195.9M
$158.2M
Q1 24
$194.7M
$160.2M
Total Assets
OPBK
OPBK
SPOK
SPOK
Q4 25
$2.7B
$206.1M
Q3 25
$2.6B
$209.7M
Q2 25
$2.6B
$208.7M
Q1 25
$2.5B
$204.5M
Q4 24
$2.4B
$217.1M
Q3 24
$2.4B
$216.8M
Q2 24
$2.3B
$216.4M
Q1 24
$2.2B
$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
OPBK
OPBK
SPOK
SPOK
Operating Cash FlowLast quarter
$26.2M
$11.5M
Free Cash FlowOCF − Capex
$23.4M
$10.1M
FCF MarginFCF / Revenue
96.2%
29.9%
Capex IntensityCapex / Revenue
11.5%
4.1%
Cash ConversionOCF / Net Profit
3.93×
TTM Free Cash FlowTrailing 4 quarters
$43.3M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPBK
OPBK
SPOK
SPOK
Q4 25
$26.2M
$11.5M
Q3 25
$23.9M
$8.1M
Q2 25
$-7.0M
$7.0M
Q1 25
$5.6M
$2.3M
Q4 24
$31.2M
$8.4M
Q3 24
$13.3M
$11.1M
Q2 24
$15.8M
$7.4M
Q1 24
$-3.2M
$2.0M
Free Cash Flow
OPBK
OPBK
SPOK
SPOK
Q4 25
$23.4M
$10.1M
Q3 25
$23.4M
$7.6M
Q2 25
$-7.7M
$6.0M
Q1 25
$4.2M
$1.5M
Q4 24
$29.7M
$7.5M
Q3 24
$12.8M
$10.3M
Q2 24
$15.7M
$6.8M
Q1 24
$-3.2M
$1.1M
FCF Margin
OPBK
OPBK
SPOK
SPOK
Q4 25
96.2%
29.9%
Q3 25
95.6%
22.4%
Q2 25
-32.5%
16.8%
Q1 25
19.0%
4.2%
Q4 24
139.0%
22.3%
Q3 24
61.5%
29.4%
Q2 24
77.0%
20.0%
Q1 24
-16.6%
3.2%
Capex Intensity
OPBK
OPBK
SPOK
SPOK
Q4 25
11.5%
4.1%
Q3 25
2.3%
1.6%
Q2 25
3.0%
2.9%
Q1 25
6.4%
2.1%
Q4 24
7.3%
2.5%
Q3 24
2.8%
2.4%
Q2 24
0.4%
1.9%
Q1 24
0.5%
2.5%
Cash Conversion
OPBK
OPBK
SPOK
SPOK
Q4 25
3.93×
Q3 25
3.57×
2.54×
Q2 25
-1.10×
1.55×
Q1 25
1.02×
0.43×
Q4 24
2.31×
Q3 24
2.45×
3.03×
Q2 24
2.90×
2.17×
Q1 24
-0.60×
0.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OPBK
OPBK

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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