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Side-by-side financial comparison of Spok Holdings, Inc (SPOK) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $33.9M, roughly 1.7× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -1.3%, a 9.9% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% vs -0.1%). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -2.1%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
SPOK vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.9M | $58.6M |
| Net Profit | $2.9M | $-739.0K |
| Gross Margin | 76.7% | — |
| Operating Margin | 11.6% | -12.0% |
| Net Margin | 8.7% | -1.3% |
| Revenue YoY | -0.1% | 4.8% |
| Net Profit YoY | -19.6% | 85.6% |
| EPS (diluted) | $0.13 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $33.9M | $67.4M | ||
| Q2 25 | $35.7M | $81.8M | ||
| Q1 25 | $36.3M | $66.2M | ||
| Q4 24 | $33.9M | $55.9M | ||
| Q3 24 | $34.9M | $58.3M | ||
| Q2 24 | $34.0M | $66.6M | ||
| Q1 24 | $34.9M | $61.2M |
| Q4 25 | $2.9M | $-739.0K | ||
| Q3 25 | $3.2M | $-1.3M | ||
| Q2 25 | $4.6M | $24.7M | ||
| Q1 25 | $5.2M | $2.7M | ||
| Q4 24 | $3.6M | $-5.1M | ||
| Q3 24 | $3.7M | $17.4M | ||
| Q2 24 | $3.4M | $10.9M | ||
| Q1 24 | $4.2M | $-2.2M |
| 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% | -12.0% | ||
| Q3 25 | 12.9% | 0.2% | ||
| Q2 25 | 15.1% | 22.8% | ||
| Q1 25 | 16.6% | 8.1% | ||
| Q4 24 | 13.7% | 3.7% | ||
| Q3 24 | 14.2% | 15.4% | ||
| Q2 24 | 13.2% | 25.2% | ||
| Q1 24 | 14.0% | 21.4% |
| Q4 25 | 8.7% | -1.3% | ||
| Q3 25 | 9.5% | -1.9% | ||
| Q2 25 | 12.8% | 30.2% | ||
| Q1 25 | 14.3% | 4.0% | ||
| Q4 24 | 10.8% | -9.2% | ||
| Q3 24 | 10.5% | 29.9% | ||
| Q2 24 | 10.1% | 16.4% | ||
| Q1 24 | 12.1% | -3.6% |
| Q4 25 | $0.13 | $-0.01 | ||
| Q3 25 | $0.15 | $-0.03 | ||
| Q2 25 | $0.22 | $0.60 | ||
| Q1 25 | $0.25 | $0.08 | ||
| Q4 24 | $0.17 | $-0.15 | ||
| Q3 24 | $0.18 | $0.53 | ||
| Q2 24 | $0.17 | $0.33 | ||
| Q1 24 | $0.21 | $-0.07 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $146.4M | $629.3M |
| Total Assets | $206.1M | $893.4M |
| 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 | $4.5M | ||
| Q4 24 | $29.1M | $3.0M | ||
| Q3 24 | $27.8M | — | ||
| Q2 24 | $23.9M | — | ||
| Q1 24 | $23.3M | — |
| Q4 25 | $146.4M | $629.3M | ||
| Q3 25 | $148.7M | $650.3M | ||
| Q2 25 | $150.9M | $671.9M | ||
| Q1 25 | $151.7M | $667.7M | ||
| Q4 24 | $154.7M | $500.3M | ||
| Q3 24 | $156.3M | $520.4M | ||
| Q2 24 | $158.2M | $518.5M | ||
| Q1 24 | $160.2M | $522.7M |
| Q4 25 | $206.1M | $893.4M | ||
| Q3 25 | $209.7M | $932.9M | ||
| Q2 25 | $208.7M | $951.5M | ||
| Q1 25 | $204.5M | $975.2M | ||
| Q4 24 | $217.1M | $810.9M | ||
| Q3 24 | $216.8M | $791.2M | ||
| Q2 24 | $216.4M | $778.4M | ||
| Q1 24 | $215.0M | $749.7M |
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 | $37.4M |
| Free Cash FlowOCF − Capex | $10.1M | — |
| FCF MarginFCF / Revenue | 29.9% | — |
| Capex IntensityCapex / Revenue | 4.1% | — |
| Cash ConversionOCF / Net Profit | 3.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.5M | $37.4M | ||
| Q3 25 | $8.1M | $49.4M | ||
| Q2 25 | $7.0M | $66.0M | ||
| Q1 25 | $2.3M | $17.5M | ||
| Q4 24 | $8.4M | $34.7M | ||
| Q3 24 | $11.1M | $45.7M | ||
| Q2 24 | $7.4M | $35.2M | ||
| Q1 24 | $2.0M | $39.4M |
| Q4 25 | $10.1M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $1.5M | — | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $10.3M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $1.1M | — |
| Q4 25 | 29.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 29.4% | — | ||
| Q2 24 | 20.0% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 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× | 2.68× | ||
| Q1 25 | 0.43× | 6.56× | ||
| Q4 24 | 2.31× | — | ||
| Q3 24 | 3.03× | 2.62× | ||
| Q2 24 | 2.17× | 3.22× | ||
| Q1 24 | 0.47× | — |
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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
