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Side-by-side financial comparison of Spok Holdings, Inc (SPOK) and Entrada Therapeutics, Inc. (TRDA). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $20.6M, roughly 1.6× Entrada Therapeutics, Inc.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -84.4%, a 93.0% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -65.2%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-39.7M). Over the past eight quarters, Entrada Therapeutics, Inc.'s revenue compounded faster (6.4% CAGR vs -1.5%).
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.
Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.
SPOK vs TRDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.9M | $20.6M |
| Net Profit | $2.9M | $-17.3M |
| Gross Margin | 76.7% | — |
| Operating Margin | 11.6% | -106.0% |
| Net Margin | 8.7% | -84.4% |
| Revenue YoY | -0.1% | -65.2% |
| Net Profit YoY | -19.6% | -173.8% |
| EPS (diluted) | $0.13 | $-0.42 |
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 | $33.9M | — | ||
| Q2 25 | $35.7M | — | ||
| Q1 25 | $36.3M | $20.6M | ||
| Q4 24 | $33.9M | $37.4M | ||
| Q3 24 | $34.9M | $19.6M | ||
| Q2 24 | $34.0M | $94.7M | ||
| Q1 24 | $34.9M | $59.1M |
| Q4 25 | $2.9M | — | ||
| Q3 25 | $3.2M | — | ||
| Q2 25 | $4.6M | — | ||
| Q1 25 | $5.2M | $-17.3M | ||
| Q4 24 | $3.6M | $1.1M | ||
| Q3 24 | $3.7M | $-14.0M | ||
| Q2 24 | $3.4M | $55.0M | ||
| Q1 24 | $4.2M | $23.5M |
| 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% | — |
| Q4 25 | 11.6% | — | ||
| Q3 25 | 12.9% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 16.6% | -106.0% | ||
| Q4 24 | 13.7% | -15.7% | ||
| Q3 24 | 14.2% | -110.7% | ||
| Q2 24 | 13.2% | 56.4% | ||
| Q1 24 | 14.0% | 35.7% |
| Q4 25 | 8.7% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 14.3% | -84.4% | ||
| Q4 24 | 10.8% | 3.0% | ||
| Q3 24 | 10.5% | -71.7% | ||
| Q2 24 | 10.1% | 58.1% | ||
| Q1 24 | 12.1% | 39.7% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.15 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $0.25 | $-0.42 | ||
| Q4 24 | $0.17 | $-0.20 | ||
| Q3 24 | $0.18 | $-0.35 | ||
| Q2 24 | $0.17 | $1.55 | ||
| Q1 24 | $0.21 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $25.3M | $67.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $146.4M | $417.3M |
| Total Assets | $206.1M | $486.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.3M | — | ||
| Q3 25 | $21.4M | — | ||
| Q2 25 | $20.2M | — | ||
| Q1 25 | $19.9M | $67.8M | ||
| Q4 24 | $29.1M | $101.2M | ||
| Q3 24 | $27.8M | $78.0M | ||
| Q2 24 | $23.9M | $185.3M | ||
| Q1 24 | $23.3M | $68.4M |
| Q4 25 | $146.4M | — | ||
| Q3 25 | $148.7M | — | ||
| Q2 25 | $150.9M | — | ||
| Q1 25 | $151.7M | $417.3M | ||
| Q4 24 | $154.7M | $428.7M | ||
| Q3 24 | $156.3M | $422.4M | ||
| Q2 24 | $158.2M | $429.9M | ||
| Q1 24 | $160.2M | $269.4M |
| Q4 25 | $206.1M | — | ||
| Q3 25 | $209.7M | — | ||
| Q2 25 | $208.7M | — | ||
| Q1 25 | $204.5M | $486.5M | ||
| Q4 24 | $217.1M | $526.3M | ||
| Q3 24 | $216.8M | $554.6M | ||
| Q2 24 | $216.4M | $582.0M | ||
| Q1 24 | $215.0M | $510.8M |
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 | $-38.5M |
| Free Cash FlowOCF − Capex | $10.1M | $-39.7M |
| FCF MarginFCF / Revenue | 29.9% | -192.9% |
| Capex IntensityCapex / Revenue | 4.1% | 5.6% |
| Cash ConversionOCF / Net Profit | 3.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.2M | $-58.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.5M | — | ||
| Q3 25 | $8.1M | — | ||
| Q2 25 | $7.0M | — | ||
| Q1 25 | $2.3M | $-38.5M | ||
| Q4 24 | $8.4M | $-31.6M | ||
| Q3 24 | $11.1M | $-24.3M | ||
| Q2 24 | $7.4M | $39.8M | ||
| Q1 24 | $2.0M | $-25.5M |
| Q4 25 | $10.1M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $1.5M | $-39.7M | ||
| Q4 24 | $7.5M | $-32.2M | ||
| Q3 24 | $10.3M | $-24.9M | ||
| Q2 24 | $6.8M | $38.8M | ||
| Q1 24 | $1.1M | $-26.4M |
| Q4 25 | 29.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 4.2% | -192.9% | ||
| Q4 24 | 22.3% | -86.2% | ||
| Q3 24 | 29.4% | -127.3% | ||
| Q2 24 | 20.0% | 41.0% | ||
| Q1 24 | 3.2% | -44.6% |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.1% | 5.6% | ||
| Q4 24 | 2.5% | 1.7% | ||
| Q3 24 | 2.4% | 3.3% | ||
| Q2 24 | 1.9% | 1.1% | ||
| Q1 24 | 2.5% | 1.4% |
| Q4 25 | 3.93× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.55× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 2.31× | -27.94× | ||
| Q3 24 | 3.03× | — | ||
| Q2 24 | 2.17× | 0.72× | ||
| Q1 24 | 0.47× | -1.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
TRDA
Segment breakdown not available.
