Spero Therapeutics, Inc.
Business
Spero Therapeutics is a clinical-stage biopharmaceutical company focused on identifying and developing novel treatments for rare diseases and infections with high unmet medical need. The company's lead program, tebipenem HBr, is an oral carbapenem in development for complicated urinary tract infections; in September 2022, Spero licensed this program to GSK, which is advancing it through regulatory review with an FDA PDUFA date of June 18, 2026. Spero retains development and commercialization rights in Japan and certain Asian territories through its partner Meiji Seika Pharma. The company has discontinued development of earlier-stage programs SPR206 and SPR720.
Summary from 10-K filed 2026-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Grant revenue | 7 | 21 | 7 | 5 | 15 | |
| Collaboration revenue - related party | 47 | 27 | 96 | 46 | — | |
| Collaboration revenue | 13 | 371,000 | 933,000 | 3 | 3 | |
| Total revenues | 67 | 48 | 104 | 54 | 18 | |
| Research and development | 38 | 97 | 51 | 48 | 65 | |
| General and administrative | 21 | 24 | 26 | 36 | 42 | |
| Impairment of long-term asset | 587,000 | 0 | 5 | 635,000 | — | |
| Restructuring | 258,000 | 877,000 | 0 | 12 | 0 | |
| Total operating expenses | 60 | 121 | 82 | 96 | 106 | |
| Income (loss) from operations | 6 | −73 | 21 | −42 | −88 | |
| Interest income | 3 | 5 | 4 | 1 | 346,000 | |
| Other income (expense), net | 7,000 | 60,000 | −14,000 | −55,000 | −395,000 | |
| Total other income, net | 3 | 5 | 4 | −4 | −2 | |
| Net income (loss) before income taxes | 9 | −69 | 25 | −46 | — | |
| Income tax expense | −261,000 | 0 | −3 | 0 | — | |
| Net income (loss) and comprehensive income (loss) | 9 | −69 | 23 | −46 | −90 | |
| Net income (loss) per share attributable to common stockholders, basic | 0.15 | −1.27 | 0.43 | −1.23 | −2.91 | |
| Net income (loss) per share attributable to common stockholders, diluted | 0.15 | −1.27 | 0.43 | −1.23 | −2.91 | |
| Weighted average common shares outstanding, basic: | 56 | 54 | 53 | 38 | 31 | |
| Weighted average common shares outstanding, diluted: | 59 | 54 | 53 | 38 | 31 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 40 | — | 53 | 76 | 109 | |
| Collaboration receivable, current - related party | 25 | — | 49 | 49 | 0 | |
| Other receivables | 28,000 | — | 3 | 2 | 1 | |
| Prepaid expenses and other current assets | 2 | — | 2 | 4 | 3 | |
| Total current assets | 67 | — | 107 | 131 | 114 | |
| Operating lease right-of-use assets | 1 | 2 | 3 | 4 | 5 | |
| Other assets | 153,000 | — | 153,000 | 435,000 | 6 | |
| Total assets | 69 | — | 111 | 182 | 125 | |
| Accounts payable | 693,000 | — | 7 | 1 | 617,000 | |
| Accrued expenses and other current liabilities | 6 | — | 18 | 7 | 9 | |
| Operating lease liabilities | 2 | — | 2 | 2 | 2 | |
| Income taxes payable | 383,000 | — | 174,000 | 387,000 | 0 | |
| Deferred Revenue, Current | 0 | — | 368,000 | 2 | 4 | |
| Deferred revenue, current - related party | 258,000 | — | 22 | 25 | 6 | |
| Total current liabilities | 9 | — | 49 | 37 | 22 | |
| Non-current operating lease liabilities | 939,000 | — | 3 | 4 | 5 | |
| Deferred revenue, non-current | 0 | — | 12 | 11 | 10 | |
| Deferred revenue, non-current - related party | 0 | — | 576,000 | 24 | 12 | |
| Other long-term liabilities | 91,000 | — | 0 | 87,000 | 96,000 | |
| Total liabilities | 10 | — | 64 | 75 | 49 | |
| Commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and 2023 | 0 | — | 0 | 0 | 0 | |
| Common stock, $0.001 par value; 120,000,000 shares authorized as of December 31, 2024 and 2023; 54,593,527 shares issued and outstanding as of December 31, 2024 and 52,999,680 shares issued and outstanding as of December 31, 2023 | 56,000 | — | 55,000 | 53,000 | 52,000 | |
| Additional paid-in capital | 510 | — | 506 | 498 | 490 | |
| Accumulated deficit | −451 | — | −460 | −391 | −414 | |
| Total stockholders' equity | 59 | — | 46 | 107 | 76 | |
| Total liabilities and stockholders' equity | 69 | — | 111 | 182 | 125 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 0 | 2,000 | 367,000 | 869,000 | 646,000 | |
| Non-cash lease cost | 1 | 1 | 969,000 | 678,000 | 471,000 | |
| Share-based compensation | 4 | 8 | 8 | 9 | 9 | |
| Collaboration receivable, current and non-current - related party | 24 | 46 | −96 | 0 | — | |
| Other receivables | 3 | −2 | −461,000 | 2 | 3 | |
| Prepaid expenses and other current assets | 277,000 | 2 | −799,000 | 5 | −3 | |
| Other assets | 0 | 282,000 | −1,000 | −3,000 | −319,000 | |
| Accounts payable | −7 | 6 | 761,000 | −484,000 | −53,000 | |
| Accrued expenses and other current liabilities | −12 | 11 | −2 | −5 | 2 | |
| Deferred revenue | −13 | −370,000 | −933,000 | 22 | 11 | |
| Deferred revenue - related party | −22 | −26 | 30 | — | — | |
| Other long-term liabilities | 91,000 | −87,000 | −9,000 | −42,000 | −39,000 | |
| Operating lease liabilities | −1 | −1 | −1 | −688,000 | −503,000 | |
| Income taxes payable | 209,000 | −213,000 | 387,000 | 0 | — | |
| Net cash used in operating activities | −13 | −23 | −33 | −8 | −64 | |
| Net decrease in cash and cash equivalents | −13 | −23 | −33 | −3 | 27 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Spero Therapeutics, Inc.'s CIK number?
Spero Therapeutics, Inc.'s SEC CIK number is 0001701108 (1701108). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Spero Therapeutics, Inc.'s SEC filings?
All of Spero Therapeutics, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Spero Therapeutics, Inc. last report earnings?
Spero Therapeutics, Inc. (SPRO) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-221567). This is Spero Therapeutics, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Spero Therapeutics, Inc.'s most recent earnings 8-K?
Spero Therapeutics, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001193125-26-221567. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Spero Therapeutics, Inc.'s latest earnings 8-K →
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