CoverageForm 410-K10-Q8-K13D13G13F

SPRO · Spero Therapeutics, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SPRO

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$66.80M$47.98M$103.78M$53.51M$18.26M$9.33M
Cost of Revenue------
Gross Profit------
R&D$38.47M$96.76M$51.44M$47.59M$64.53M$67.00M
SG&A$21.18M$23.70M$25.55M$36.48M$41.70M$21.44M
Total Operating Expenses$60.49M$121.34M$82.30M$95.71M$106.23M$88.44M
D&A$0$2.0K$367.0K$869.0K$646.0K$761.0K
Operating Income$6.31M($73.36M)$21.48M($42.20M)($87.97M)($79.11M)
Interest Expense------
Income Tax$261.0K$0$2.60M$0$0$0
Net Income$8.57M($68.57M)$22.81M$46.41M($89.80M)($78.30M)
EPS - Basic$0.15($1.27)$0.43($1.23)--
EPS - Diluted$0.15($1.27)$0.43($2.91)--

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$40.27M$52.89M$76.33M$109.11M$112.58M$85.21M
Accounts Receivable------
Inventory------
Accounts Payable$693.0K$7.31M$1.38M$617.0K$1.10M$1.16M
Current Assets$67.29M$107.28M$131.21M$113.57M$157.87M$139.15M
Total Assets$68.92M$110.54M$182.39M$124.80M$171.07M$153.45M
Current Liabilities$8.87M$49.07M$37.15M$21.65M$18.67M$14.34M
Long-term Debt------
Total Liabilities$9.90M$64.42M$75.50M$48.87M$82.78M$21.41M
Stockholders' Equity$59.02M$46.12M$106.89M$75.93M$88.29M$132.04M
Retained Earnings($451.07M)($459.64M)($391.07M)($413.88M)($367.46M)($277.71M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($12.62M)($23.44M)($32.99M)($7.73M)($64.35M)($85.87M)
Investing Cash Flow--$0$33.81M$7.67M$10.47M
Financing Cash Flow-$0$221.0K($29.55M)$84.05M$130.88M
CapEx-----$157.0K
Free Cash Flow-----($86.03M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin9.5%-152.9%20.7%-78.9%-481.9%-847.9%
EBITDA margin9.5%-152.9%21.1%-77.2%-478.3%-839.8%
Net margin12.8%-142.9%22.0%86.7%-491.9%-839.2%
Free cash flow margin------922.1%
FCF / Net income-----1.10
R&D / Revenue57.6%201.7%49.6%88.9%353.5%718.1%
SG&A / Revenue31.7%49.4%24.6%68.2%228.4%229.8%
Effective tax rate3.0%-10.2%0.0%--
Return on assets12.4%-62.0%12.5%37.2%-52.5%-51.0%
Return on equity14.5%-148.7%21.3%61.1%-101.7%-59.3%
Return on invested capital------
Liquidity
Current ratio7.592.193.535.258.469.70
Quick ratio7.592.193.535.258.469.70
Cash ratio4.541.082.055.046.035.94
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage------
Equity multiplier1.172.401.711.641.941.16
Liabilities / Assets0.140.580.410.390.480.14
Efficiency
Asset turnover0.970.430.570.430.110.06
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E15.5x-3.4x---
P / B2.3x1.2x0.7x0.7x--
P / S2.1x1.2x0.8x1.0x--
EV / EBITDA15.4x-0.1x---
Growth
Revenue growth (YoY)39.2%-53.8%94.0%193.1%95.7%-48.6%
Revenue CAGR (3y)7.7%38.0%123.2%43.4%279.1%-
Revenue CAGR (5y)48.2%21.5%214.9%---
Gross profit growth (YoY)------
Operating income growth (YoY)---52.0%-11.2%-25.1%
Net income growth (YoY)---50.9%--14.7%-28.6%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)------70.9%
FCF CAGR (5y)------
Book value growth (YoY)28.0%-56.9%40.8%-14.0%-33.1%77.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$74.10M total
Collaboration Revenue Related Party$47.03M · 63.5%
Collaboration Revenue$12.59M · 17.0%
Grant$7.20M · 9.7%
Grant Revenue$7.18M · 9.7%
SPRTwo Zero Six$100.0K · 0.1%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-1.18
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

4/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Pharmaceutical Preparations

CompanyRevenue (last FY)Net marginROE
LLY$65.18B31.7%77.8%
UTHR$3.18B41.9%18.8%
PFE$62.58B12.4%9.0%
ZTS$9.47B28.2%80.2%
VRTX$12.00B32.9%21.2%

Comparing Spero Therapeutics against the 5 most active filers in the same SIC group.