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Array Digital Infrastructure vs Spok: revenue, profit, margins and growth compared

Array Digital Infrastructure brought in $163M of revenue in fiscal 2025, Spok $139.7M in fiscal 2025. Revenue changed by -95.6% at Array Digital Infrastructure and +1.5% at Spok on the year before, so Spok grew faster. Array Digital Infrastructure kept 29.9% of its revenue as net profit, Spok 11.4%. Free cash flow was $173.6M at Array Digital Infrastructure and $25.2M at Spok.

Side by side, latest fiscal year

ADSPOK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$163M$139.7M
Revenue growth-95.6%+1.5%
Net income$48.8M$15.9M
Net margin29.9%11.4%
Free cash flow$173.6M$25.2M
Free cash flow margin106.6%18.0%
Earnings per share (diluted)$0.56$0.75
Cash$113.4M$25.3M
Debt$674.3Mn/a
Price to earnings61.613.9
Market value$3B$218.8M
Dividend yield66.69%11.95%
Rank by revenue in sector#37 of 51 · Telecommunications#39 of 51 · Telecommunications

Over the years

Revenue
AD FY2018: $4BAD FY2019: $4BAD FY2020: $4BAD FY2021: $4.1BAD FY2022: $4.2BAD FY2023: $3.8BAD FY2024: $3.7BAD FY2025: $163MSPOK FY2018: $169.5MSPOK FY2019: $160.3MSPOK FY2020: $148.2MSPOK FY2021: $142.2MSPOK FY2022: $134.5MSPOK FY2023: $139MSPOK FY2024: $137.7MSPOK FY2025: $139.7MFY18FY19FY20FY21FY22FY23FY24FY25
AD $163MSPOK $139.7M
Net income
AD FY2018: $150MAD FY2019: $127MAD FY2020: $229MAD FY2021: $155MAD FY2022: $30MAD FY2023: $54.5MAD FY2024: -$39.4MAD FY2025: $48.8MSPOK FY2018: -$1.5MSPOK FY2019: -$10.8MSPOK FY2020: -$44.2MSPOK FY2021: -$22.2MSPOK FY2022: $21.9MSPOK FY2023: $15.7MSPOK FY2024: $15MSPOK FY2025: $15.9MFY18FY19FY20FY21FY22FY23FY24FY25
AD $48.8MSPOK $15.9M
Net margin
AD FY2018: 3.8%AD FY2019: 3.2%AD FY2020: 5.7%AD FY2021: 3.8%AD FY2022: 0.7%AD FY2023: 1.4%AD FY2024: -1.1%AD FY2025: 29.9%SPOK FY2018: -0.9%SPOK FY2019: -6.7%SPOK FY2020: -29.8%SPOK FY2021: -15.6%SPOK FY2022: 16.2%SPOK FY2023: 11.3%SPOK FY2024: 10.9%SPOK FY2025: 11.4%FY18FY19FY20FY21FY22FY23FY24FY25
AD 29.9%SPOK 11.4%
Revenue growth
AD FY2019: +1.4%AD FY2020: +0.4%AD FY2021: +2.1%AD FY2022: +1.1%AD FY2023: -8.7%AD FY2024: -3.6%AD FY2025: -95.6%SPOK FY2019: -5.4%SPOK FY2020: -7.6%SPOK FY2021: -4.1%SPOK FY2022: -5.4%SPOK FY2023: +3.3%SPOK FY2024: -1.0%SPOK FY2025: +1.5%FY19FY20FY21FY22FY23FY24FY25
AD -95.6%SPOK +1.5%
Free cash flow
AD FY2018: $197MAD FY2019: $74MAD FY2020: $248MAD FY2021: $78MAD FY2022: $230MAD FY2023: $826.2MAD FY2024: $864MAD FY2025: $173.6MSPOK FY2018: $4.4MSPOK FY2019: $6.9MSPOK FY2020: $22.7MSPOK FY2021: $3.6MSPOK FY2022: $2.7MSPOK FY2023: $22.8MSPOK FY2024: $25.7MSPOK FY2025: $25.2MFY18FY19FY20FY21FY22FY23FY24FY25
AD $173.6MSPOK $25.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Array Digital Infrastructure and Spok

Which is bigger by revenue, Array Digital Infrastructure or Spok?

Array Digital Infrastructure is bigger by revenue: $163M in fiscal 2025, against $139.7M for Spok in fiscal 2025.

Which keeps more of its revenue as profit, Array Digital Infrastructure or Spok?

Array Digital Infrastructure had a net margin of 29.9% in fiscal 2025; Spok had 11.4% in fiscal 2025.

Which grew revenue faster, Array Digital Infrastructure or Spok?

In their latest fiscal years revenue changed by -95.6% at Array Digital Infrastructure and +1.5% at Spok.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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