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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $33.9M, roughly 1.4× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -2.1%, a 10.8% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $6.9M).
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
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.
QIPT vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $33.9M |
| Net Profit | $-1.1M | $2.9M |
| Gross Margin | 53.5% | 76.7% |
| Operating Margin | 2.1% | 11.6% |
| Net Margin | -2.1% | 8.7% |
| Revenue YoY | 32.3% | -0.1% |
| Net Profit YoY | 2.9% | -19.6% |
| EPS (diluted) | $-0.02 | $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 | $49.0M | $33.9M | ||
| Q3 25 | $39.8M | $33.9M | ||
| Q2 25 | $35.1M | $35.7M | ||
| Q1 25 | $33.3M | $36.3M | ||
| Q4 24 | $37.1M | $33.9M | ||
| Q3 24 | — | $34.9M | ||
| Q2 24 | — | $34.0M | ||
| Q1 24 | — | $34.9M |
| Q4 25 | $-1.1M | $2.9M | ||
| Q3 25 | $-3.5M | $3.2M | ||
| Q2 25 | $-3.0M | $4.6M | ||
| Q1 25 | $-3.0M | $5.2M | ||
| Q4 24 | $-1.1M | $3.6M | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | — | $4.2M |
| Q4 25 | 53.5% | 76.7% | ||
| Q3 25 | 48.7% | 78.3% | ||
| Q2 25 | 57.6% | 79.5% | ||
| Q1 25 | 54.6% | 80.1% | ||
| Q4 24 | 52.1% | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 2.1% | 11.6% | ||
| Q3 25 | -3.6% | 12.9% | ||
| Q2 25 | -5.2% | 15.1% | ||
| Q1 25 | -3.0% | 16.6% | ||
| Q4 24 | 1.2% | 13.7% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | -2.1% | 8.7% | ||
| Q3 25 | -8.9% | 9.5% | ||
| Q2 25 | -8.6% | 12.8% | ||
| Q1 25 | -9.1% | 14.3% | ||
| Q4 24 | -2.9% | 10.8% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | $-0.02 | $0.13 | ||
| Q3 25 | $-0.07 | $0.15 | ||
| Q2 25 | $-0.07 | $0.22 | ||
| Q1 25 | $-0.07 | $0.25 | ||
| Q4 24 | $-0.03 | $0.17 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $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 | $10.5M | $25.3M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $113.0M | $146.4M |
| Total Assets | $280.7M | $206.1M |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $25.3M | ||
| Q3 25 | $12.9M | $21.4M | ||
| Q2 25 | $11.3M | $20.2M | ||
| Q1 25 | $17.1M | $19.9M | ||
| Q4 24 | $15.5M | $29.1M | ||
| Q3 24 | — | $27.8M | ||
| Q2 24 | — | $23.9M | ||
| Q1 24 | — | $23.3M |
| Q4 25 | $84.0M | — | ||
| Q3 25 | $87.6M | — | ||
| Q2 25 | $66.0M | — | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $70.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $113.0M | $146.4M | ||
| Q3 25 | $112.1M | $148.7M | ||
| Q2 25 | $102.5M | $150.9M | ||
| Q1 25 | $103.6M | $151.7M | ||
| Q4 24 | $106.3M | $154.7M | ||
| Q3 24 | — | $156.3M | ||
| Q2 24 | — | $158.2M | ||
| Q1 24 | — | $160.2M |
| Q4 25 | $280.7M | $206.1M | ||
| Q3 25 | $283.3M | $209.7M | ||
| Q2 25 | $236.1M | $208.7M | ||
| Q1 25 | $244.6M | $204.5M | ||
| Q4 24 | $242.8M | $217.1M | ||
| Q3 24 | — | $216.8M | ||
| Q2 24 | — | $216.4M | ||
| Q1 24 | — | $215.0M |
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.9M | $11.5M |
| Free Cash FlowOCF − Capex | $6.9M | $10.1M |
| FCF MarginFCF / Revenue | 14.0% | 29.9% |
| Capex IntensityCapex / Revenue | 4.2% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $11.5M | ||
| Q3 25 | $9.8M | $8.1M | ||
| Q2 25 | $9.7M | $7.0M | ||
| Q1 25 | $8.9M | $2.3M | ||
| Q4 24 | $9.3M | $8.4M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $7.4M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | $6.9M | $10.1M | ||
| Q3 25 | $8.0M | $7.6M | ||
| Q2 25 | $4.4M | $6.0M | ||
| Q1 25 | $7.3M | $1.5M | ||
| Q4 24 | $5.6M | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | 14.0% | 29.9% | ||
| Q3 25 | 20.0% | 22.4% | ||
| Q2 25 | 12.6% | 16.8% | ||
| Q1 25 | 22.0% | 4.2% | ||
| Q4 24 | 15.2% | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 4.2% | 4.1% | ||
| Q3 25 | 4.6% | 1.6% | ||
| Q2 25 | 14.9% | 2.9% | ||
| Q1 25 | 4.8% | 2.1% | ||
| Q4 24 | 9.9% | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 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 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QIPT
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
