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SPROSpero Therapeutics, Inc.
$2.16$125M
Overview & Verdict
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SPRO logoSpero Therapeutics, Inc.(SPRO)Earnings, Financials & Key Ratios

SPRO•NASDAQ
$2.16
14.4× P/E·Price updated Jul 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryVaccines and Infectious Disease
AboutSpero Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing treatments for multi-drug resistant (MDR) bacterial infections and rare diseases in the United States. The company's product candidates include tebipenem pivoxil hydrobromide (HBr), an oral carbapenem-class antibiotic to treat complicated urinary tract infections, including pyelonephritis for adults; SPR206, a direct acting IV-administered agent to treat MDR Gram-negative bacterial infections in the hospital; and SPR720, an oral antibiotic for the treatment of non-tuberculous mycobacterial pulmonary disease. It has license agreement with Meiji Seika Pharma Co., Ltd. to support the development of tebipenem HBr; license agreement with Everest Medicines to develop, manufacture, and commercialize SPR206 in Greater China, South Korea, and Southeast Asian countries; collaboration agreement with Bill & Melinda Gates Medical Research Institute to develop SPR720 for the treatment of lung infections caused by Mycobacterium tuberculosis; and license agreement with Vertex Pharmaceuticals Incorporated for patents relating to SPR720, as well as SPR719, an active metabolite. The company was founded in 2013 and is headquartered in Cambridge, Massachusetts.Show more
  • Revenue$60M+24.3%
  • EBITDA-$24K+100.0%
  • Net Income$9M+112.5%
  • EPS (Diluted)0.15+111.8%
  • Gross Margin100%+198.4%
  • EBITDA Margin-0.04%+100.0%
  • Operating Margin-0.04%+100.0%
  • Net Margin14.38%+110.1%
  • ROE16.31%+118.2%

SPRO Price & Volume

Spero Therapeutics, Inc. (SPRO) stock price & volume — 10-year historical chart

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Milestone Dependency Masks Underlying Clinical Pipeline Volatility

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Binary Clinical Trial Dependency

Key Thesis Takeaways

  • Spero Therapeutics faces a precarious financial outlook characterized by extreme revenue volatility, as evidenced by a 95.6% year-over-year revenue decline in 2026Q1.
  • The company's reliance on non-recurring milestone payments rather than sustainable commercial revenue creates significant binary risk, particularly as the firm navigates a narrowed clinical pipeline.
  • Investors should remain cautious as the exhaustion of deferred revenue, which fell from $61.5 million in 2023Q4 to $0 in 2026Q1, removes a critical lever for future financial recognition.

Verdict Logic

the company's fundamental viability is threatened by a binary clinical trial dependency and a 95.6% year-over-year revenue decline in 2026Q1, which suggests that current liquidity is insufficient to support long-term operations without further capital raises.

SPRO Growth Metrics

Spero Therapeutics, Inc. (SPRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years44.91%
3 Years7.06%
TTM22.84%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM121.84%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM118.58%

Return on Capital

10 Years-129.01%
5 Years-29.42%
3 Years-17.91%
Last Year-0.04%

SPRO Recent Earnings

Spero Therapeutics, Inc. (SPRO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$0.13+27.8%
$0.18
Rev
$258,000+0.0%
$258,000
Q2 2026
Mar 26, 2026
Metric
Actual
Est
EPS
$0.53+365.0%
$0.20
Rev
$41M+58.8%
$26M
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.13+48.0%
$0.25
Rev
$3M-74.6%
$12M
Q3 2025
Aug 12, 2025
Metric
Actual
Est
EPS
$0.03+92.1%
$0.38
Rev
$12M+7.3%
$11M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$0.13vs $0.18+27.8%
$258,000vs $258,000+0.0%
Q2 2026Mar 26, 2026
$0.53vs $0.20+365.0%
$41Mvs $26M+58.8%
Q4 2025Nov 13, 2025
$0.13vs $0.25+48.0%
$3Mvs $12M-74.6%
Q3 2025Aug 12, 2025
$0.03vs $0.38+92.1%
$12Mvs $11M+7.3%
Based on last 12 quarters of dataView full earnings history →

Latest SPRO News

Recent stock market news and headlines for Spero Therapeutics, Inc. (SPRO)

Seeking Alpha·Jun 18, 2026
Spero Therapeutics: Yesterday's Selloff On Utebzi Approval Seems Bewildering

Spero Therapeutics, Inc. and partner GSK receive FDA approval for Utebzi, the first oral carbapenem for complicated urinary tract infections, via partnership with GSK. SPRO stands to receive milestone payments and royalties from GSK, with potential annual earnings of ~$50m and upside if Utebzi achieves blockbuster status. Despite a volatile share price and limited pipeline, SPRO's low burn rate and funding runway into 2028 support a 'buy the dip' thesis for risk-tolerant investors.

Zacks Investment Research·Jun 18, 2026
GSK's Utebzi Wins FDA Nod for Complicated Urinary Tract Infections

GSK wins FDA approval for Utebzi, the first oral carbapenem for complicated UTIs, further expanding its anti-infectives portfolio.

Business Wire·Jun 17, 2026
Utebzi (tebipenem pivoxil) approved in the US for adults with complicated urinary tract infections (cUTIs)

PHILADELPHIA--(BUSINESS WIRE)--GSK plc (LSE/NYSE: GSK) and Spero Therapeutics (Nasdaq: SPRO) today announced that the US Food and Drug Administration (FDA) has approved Utebzi, an oral antibiotic for the treatment of complicated urinary tract infections (cUTIs) including pyelonephritisi, caused by certain susceptible pathogensii in adult patients who have limited or no alternative oral treatment options. This is the first and only oral carbapenem antibiotic approved for these patients. This app.

GlobeNewsWire·Jun 17, 2026
Utebzi (tebipenem pivoxil) approved in the US for adults with complicated urinary tract infections (cUTIs)

CAMBRIDGE, Mass., June 17, 2026 (GLOBE NEWSWIRE) -- Spero Therapeutics, Inc. (Nasdaq: SPRO) and GSK plc (LSE/NYSE: GSK) today announced that the US Food and Drug Administration (FDA) has approved Utebzi, an oral antibiotic for the treatment of complicated urinary tract infections (cUTIs) including pyelonephritis1, caused by certain susceptible pathogens2 in adult patients who have limited or no alternative oral treatment options. This is the first and only oral carbapenem antibiotic approved for these patients. This approval is a result of GSK's development and exclusive global licensing agreement (excluding select Asian territories) with Spero Therapeutics.iv

Peers Comparison

Key metrics vs top competitors for Spero Therapeutics, Inc. (SPRO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SPRO logoSPROSpero Therapeutics, Inc.Current
$2.16$125.07M14.4024.27%14.38%16.31%—
VNDA logoVNDAVanda Pharmaceuticals Inc.
$6.39$377.7M-1.718.72%-109.99%-61.41%—
PRAX logoPRAXPraxis Precision Medicines, Inc.
$323.95$9.36B-24.03-100%—-43.02%—
NAOV logoNAOVNanoVibronix, Inc.
$1.90$512.71K-0.14-0.2%-894.64%-52.57%—
AGEN logoAGENAgenus Inc.
$3.50$145.75M-1029.4110.37%52.16%——
TBPH logoTBPHTheravance Biopharma, Inc.
$16.98$875.37M8.2466.92%104.34%43.85%—

Compare SPRO vs Peers

Spero Therapeutics, Inc. (SPRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VNDA

Most directly comparable listed peer for SPRO.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare SPRO against a more recognizable public peer.

Peer Set

Compare Top 5

vs VNDA, PRAX, NAOV, AGEN

SPRO SEC Filings & Documents

Spero Therapeutics, Inc. (SPRO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

Mar 26, 2026·SEC

Material company update

Jan 30, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 26, 2026·SEC

FY 2025

Mar 27, 2025·SEC

FY 2024

Mar 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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SPRO Frequently Asked Questions

Spero Therapeutics, Inc. (SPRO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Spero Therapeutics, Inc.'s revenue?

Spero Therapeutics, Inc. (SPRO) reported $54.8M in revenue for fiscal year 2025.

How fast is Spero Therapeutics, Inc. growing?

Spero Therapeutics, Inc. (SPRO) grew revenue by 24.3% over the past year. This is strong growth.

Is SPRO profitable?

Yes, Spero Therapeutics, Inc. (SPRO) is profitable, generating $15.2M in net income for fiscal year 2025 (14.4% net margin).

Dividend & Returns
What is SPRO's return on equity?

Spero Therapeutics, Inc. (SPRO) has a return on equity (ROE) of 16.3%. This is reasonable for most industries.

What is Spero Therapeutics, Inc.'s free cash flow?

Spero Therapeutics, Inc. (SPRO) generated $7.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SPRO back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →