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Side-by-side financial comparison of Aspire Biopharma Holdings, Inc. (ASBP) and Mereo BioPharma Group plc (MREO). Click either name above to swap in a different company.

Aspire Biopharma Holdings, Inc. is a clinical-stage biopharmaceutical firm focused on developing novel therapeutic candidates for unmet needs in oncology and rare diseases, with primary operations across North America and key Asia-Pacific markets.

Mereo BioPharma Group plc is a UK-based clinical-stage biopharmaceutical company that develops targeted innovative therapies for rare diseases, oncology, and severe chronic conditions. It operates primarily across European and North American markets, advancing multiple late-stage pipeline candidates to address unmet patient medical needs.

ASBP vs MREO — Head-to-Head

Bigger by revenue
ASBP
ASBP
Infinity× larger
ASBP
$1.9K
$0
MREO

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASBP
ASBP
MREO
MREO
Revenue
$1.9K
$0
Net Profit
$-1.9M
$-7.0M
Gross Margin
45.5%
Operating Margin
-59015.8%
Net Margin
-95337.1%
Revenue YoY
Net Profit YoY
-755.6%
53.2%
EPS (diluted)
$-0.04
$-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.

Revenue
ASBP
ASBP
MREO
MREO
Q3 25
$1.9K
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Q2 23
$9.0M
Q1 23
$0
Net Profit
ASBP
ASBP
MREO
MREO
Q3 25
$-1.9M
$-7.0M
Q3 24
$-15.0M
Q2 24
$-12.3M
Q1 24
$-9.0M
Q2 23
$-1.8M
Q1 23
$-12.1M
Gross Margin
ASBP
ASBP
MREO
MREO
Q3 25
45.5%
Q3 24
Q2 24
Q1 24
Q2 23
Q1 23
Operating Margin
ASBP
ASBP
MREO
MREO
Q3 25
-59015.8%
Q3 24
Q2 24
Q1 24
Q2 23
-9.0%
Q1 23
Net Margin
ASBP
ASBP
MREO
MREO
Q3 25
-95337.1%
Q3 24
Q2 24
Q1 24
Q2 23
-19.5%
Q1 23
EPS (diluted)
ASBP
ASBP
MREO
MREO
Q3 25
$-0.04
$-0.01
Q3 24
$-0.02
Q2 24
$-0.02
Q1 24
$-0.01
Q2 23
$0.00
Q1 23
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASBP
ASBP
MREO
MREO
Cash + ST InvestmentsLiquidity on hand
$48.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-11.5M
$46.6M
Total Assets
$2.4M
$53.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASBP
ASBP
MREO
MREO
Q3 25
$48.7M
Q3 24
$80.5M
Q2 24
$87.4M
Q1 24
$48.7M
Q2 23
Q1 23
Stockholders' Equity
ASBP
ASBP
MREO
MREO
Q3 25
$-11.5M
$46.6M
Q3 24
$-72.5M
Q2 24
$78.7M
Q1 24
$42.8M
Q2 23
$49.7M
Q1 23
$44.4M
Total Assets
ASBP
ASBP
MREO
MREO
Q3 25
$2.4M
$53.6M
Q3 24
$88.7M
Q2 24
$96.1M
Q1 24
$55.9M
Q2 23
Q1 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASBP
ASBP
MREO
MREO
Operating Cash FlowLast quarter
$-1.1M
$-7.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASBP
ASBP
MREO
MREO
Q3 25
$-1.1M
$-7.3M
Q3 24
$-7.5M
Q2 24
$-7.9M
Q1 24
$-8.0M
Q2 23
$-7.8M
Q1 23
$-9.2M

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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