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Side-by-side financial comparison of Spok Holdings, Inc (SPOK) and USCB FINANCIAL HOLDINGS, INC. (USCB). Click either name above to swap in a different company.

Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $22.2M, roughly 1.5× USCB FINANCIAL HOLDINGS, INC.). Spok Holdings, Inc runs the higher net margin — 8.7% vs 6.1%, a 2.5% gap on every dollar of revenue. On growth, USCB FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (14.7% vs -0.1%). USCB FINANCIAL HOLDINGS, INC. produced more free cash flow last quarter ($42.5M vs $10.1M). Over the past eight quarters, USCB FINANCIAL HOLDINGS, INC.'s revenue compounded faster (12.3% 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.

USCB Financial Holdings, Inc. is a U.S.-headquartered bank holding company that offers comprehensive retail and commercial banking services, including deposit products, personal and business loans, wealth management, and digital banking tools. It primarily serves individual consumers, small and medium-sized enterprises, and local corporate clients across its operating regions in the United States, prioritizing personalized customer experiences and community-oriented financial services.

SPOK vs USCB — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.5× larger
SPOK
$33.9M
$22.2M
USCB
Growing faster (revenue YoY)
USCB
USCB
+14.8% gap
USCB
14.7%
-0.1%
SPOK
Higher net margin
SPOK
SPOK
2.5% more per $
SPOK
8.7%
6.1%
USCB
More free cash flow
USCB
USCB
$32.4M more FCF
USCB
$42.5M
$10.1M
SPOK
Faster 2-yr revenue CAGR
USCB
USCB
Annualised
USCB
12.3%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPOK
SPOK
USCB
USCB
Revenue
$33.9M
$22.2M
Net Profit
$2.9M
$1.4M
Gross Margin
76.7%
Operating Margin
11.6%
14.7%
Net Margin
8.7%
6.1%
Revenue YoY
-0.1%
14.7%
Net Profit YoY
-19.6%
-80.3%
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.

Revenue
SPOK
SPOK
USCB
USCB
Q4 25
$33.9M
$22.2M
Q3 25
$33.9M
$25.0M
Q2 25
$35.7M
$24.4M
Q1 25
$36.3M
$22.8M
Q4 24
$33.9M
$23.0M
Q3 24
$34.9M
$21.5M
Q2 24
$34.0M
$20.5M
Q1 24
$34.9M
$17.6M
Net Profit
SPOK
SPOK
USCB
USCB
Q4 25
$2.9M
$1.4M
Q3 25
$3.2M
$8.9M
Q2 25
$4.6M
$8.1M
Q1 25
$5.2M
$7.7M
Q4 24
$3.6M
$6.9M
Q3 24
$3.7M
$6.9M
Q2 24
$3.4M
$6.2M
Q1 24
$4.2M
$4.6M
Gross Margin
SPOK
SPOK
USCB
USCB
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
SPOK
SPOK
USCB
USCB
Q4 25
11.6%
14.7%
Q3 25
12.9%
47.3%
Q2 25
15.1%
44.0%
Q1 25
16.6%
44.2%
Q4 24
13.7%
39.6%
Q3 24
14.2%
42.5%
Q2 24
13.2%
39.8%
Q1 24
14.0%
34.3%
Net Margin
SPOK
SPOK
USCB
USCB
Q4 25
8.7%
6.1%
Q3 25
9.5%
35.8%
Q2 25
12.8%
33.4%
Q1 25
14.3%
33.5%
Q4 24
10.8%
30.0%
Q3 24
10.5%
32.3%
Q2 24
10.1%
30.3%
Q1 24
12.1%
26.2%
EPS (diluted)
SPOK
SPOK
USCB
USCB
Q4 25
$0.13
Q3 25
$0.15
$0.45
Q2 25
$0.22
Q1 25
$0.25
Q4 24
$0.17
Q3 24
$0.18
$0.35
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
SPOK
SPOK
USCB
USCB
Cash + ST InvestmentsLiquidity on hand
$25.3M
$38.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$146.4M
$217.2M
Total Assets
$206.1M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPOK
SPOK
USCB
USCB
Q4 25
$25.3M
$38.5M
Q3 25
$21.4M
$56.8M
Q2 25
$20.2M
$54.8M
Q1 25
$19.9M
$98.0M
Q4 24
$29.1M
$77.0M
Q3 24
$27.8M
$38.5M
Q2 24
$23.9M
$77.3M
Q1 24
$23.3M
$126.5M
Stockholders' Equity
SPOK
SPOK
USCB
USCB
Q4 25
$146.4M
$217.2M
Q3 25
$148.7M
$209.1M
Q2 25
$150.9M
$231.6M
Q1 25
$151.7M
$225.1M
Q4 24
$154.7M
$215.4M
Q3 24
$156.3M
$213.9M
Q2 24
$158.2M
$201.0M
Q1 24
$160.2M
$195.0M
Total Assets
SPOK
SPOK
USCB
USCB
Q4 25
$206.1M
$2.8B
Q3 25
$209.7M
$2.8B
Q2 25
$208.7M
$2.7B
Q1 25
$204.5M
$2.7B
Q4 24
$217.1M
$2.6B
Q3 24
$216.8M
$2.5B
Q2 24
$216.4M
$2.5B
Q1 24
$215.0M
$2.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SPOK
SPOK
USCB
USCB
Operating Cash FlowLast quarter
$11.5M
$42.8M
Free Cash FlowOCF − Capex
$10.1M
$42.5M
FCF MarginFCF / Revenue
29.9%
191.4%
Capex IntensityCapex / Revenue
4.1%
1.4%
Cash ConversionOCF / Net Profit
3.93×
31.40×
TTM Free Cash FlowTrailing 4 quarters
$25.2M
$95.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPOK
SPOK
USCB
USCB
Q4 25
$11.5M
$42.8M
Q3 25
$8.1M
$20.1M
Q2 25
$7.0M
$18.0M
Q1 25
$2.3M
$14.6M
Q4 24
$8.4M
$34.8M
Q3 24
$11.1M
$11.3M
Q2 24
$7.4M
$18.3M
Q1 24
$2.0M
$8.1M
Free Cash Flow
SPOK
SPOK
USCB
USCB
Q4 25
$10.1M
$42.5M
Q3 25
$7.6M
$20.0M
Q2 25
$6.0M
$18.0M
Q1 25
$1.5M
$14.6M
Q4 24
$7.5M
$34.5M
Q3 24
$10.3M
$11.2M
Q2 24
$6.8M
$18.2M
Q1 24
$1.1M
$8.0M
FCF Margin
SPOK
SPOK
USCB
USCB
Q4 25
29.9%
191.4%
Q3 25
22.4%
80.3%
Q2 25
16.8%
73.7%
Q1 25
4.2%
63.9%
Q4 24
22.3%
150.2%
Q3 24
29.4%
52.2%
Q2 24
20.0%
88.8%
Q1 24
3.2%
45.4%
Capex Intensity
SPOK
SPOK
USCB
USCB
Q4 25
4.1%
1.4%
Q3 25
1.6%
0.5%
Q2 25
2.9%
0.2%
Q1 25
2.1%
0.2%
Q4 24
2.5%
1.4%
Q3 24
2.4%
0.4%
Q2 24
1.9%
0.4%
Q1 24
2.5%
0.5%
Cash Conversion
SPOK
SPOK
USCB
USCB
Q4 25
3.93×
31.40×
Q3 25
2.54×
2.25×
Q2 25
1.55×
2.22×
Q1 25
0.43×
1.91×
Q4 24
2.31×
5.05×
Q3 24
3.03×
1.63×
Q2 24
2.17×
2.95×
Q1 24
0.47×
1.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPOK
SPOK

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

USCB
USCB

Segment breakdown not available.

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