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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and Spero Therapeutics, Inc. (SPRO). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $12.6M, roughly 1.1× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -13.2%, a 263.9% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 15.0%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs 16.1%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

LSF vs SPRO — Head-to-Head

Bigger by revenue
LSF
LSF
1.1× larger
LSF
$13.3M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24065.8% gap
SPRO
24080.8%
15.0%
LSF
Higher net margin
SPRO
SPRO
263.9% more per $
SPRO
250.7%
-13.2%
LSF
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
SPRO
SPRO
Revenue
$13.3M
$12.6M
Net Profit
$-1.8M
$31.5M
Gross Margin
34.1%
Operating Margin
-13.5%
Net Margin
-13.2%
250.7%
Revenue YoY
15.0%
24080.8%
Net Profit YoY
-341.4%
250.9%
EPS (diluted)
$0.56

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
LSF
LSF
SPRO
SPRO
Q4 25
$13.3M
$12.6M
Q3 25
$12.9M
$0
Q2 25
$12.0M
$0
Q1 25
$11.7M
$12.0K
Q4 24
$11.6M
$52.0K
Q3 24
$11.8M
$65.0K
Q2 24
$10.0M
$114.0K
Q1 24
$9.9M
$140.0K
Net Profit
LSF
LSF
SPRO
SPRO
Q4 25
$-1.8M
$31.5M
Q3 25
$-975.1K
$-7.4M
Q2 25
$-362.2K
$-1.7M
Q1 25
$-156.2K
$-13.9M
Q4 24
$-398.4K
Q3 24
$-166.1K
$-17.1M
Q2 24
$-239.1K
$-17.9M
Q1 24
$-1.0M
$-12.7M
Gross Margin
LSF
LSF
SPRO
SPRO
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
SPRO
SPRO
Q4 25
-13.5%
Q3 25
-7.7%
Q2 25
-3.3%
Q1 25
-1.9%
-122758.3%
Q4 24
-4.1%
Q3 24
-2.3%
-28604.6%
Q2 24
-3.4%
-16720.2%
Q1 24
-11.0%
-9987.1%
Net Margin
LSF
LSF
SPRO
SPRO
Q4 25
-13.2%
250.7%
Q3 25
-7.6%
Q2 25
-3.0%
Q1 25
-1.3%
-115550.0%
Q4 24
-3.4%
Q3 24
-1.4%
-26380.0%
Q2 24
-2.4%
-15668.4%
Q1 24
-10.3%
-9049.3%
EPS (diluted)
LSF
LSF
SPRO
SPRO
Q4 25
$0.56
Q3 25
$-0.13
Q2 25
$-0.03
Q1 25
$-0.25
Q4 24
Q3 24
$-0.32
Q2 24
$-0.33
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$5.1M
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$59.0M
Total Assets
$19.2M
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
SPRO
SPRO
Q4 25
$5.1M
$40.3M
Q3 25
$5.1M
$48.6M
Q2 25
$3.9M
$31.2M
Q1 25
$7.0M
$48.9M
Q4 24
$8.3M
$52.9M
Q3 24
$7.9M
$76.3M
Q2 24
$7.6M
$63.5M
Q1 24
$7.1M
$82.3M
Stockholders' Equity
LSF
LSF
SPRO
SPRO
Q4 25
$11.5M
$59.0M
Q3 25
$12.8M
$26.5M
Q2 25
$13.4M
$32.8M
Q1 25
$13.3M
$33.8M
Q4 24
$13.2M
$46.1M
Q3 24
$13.1M
$65.5M
Q2 24
$12.6M
$80.5M
Q1 24
$12.7M
$96.2M
Total Assets
LSF
LSF
SPRO
SPRO
Q4 25
$19.2M
$68.9M
Q3 25
$18.9M
$54.2M
Q2 25
$20.4M
$62.1M
Q1 25
$21.5M
$77.7M
Q4 24
$19.3M
$110.5M
Q3 24
$18.8M
$135.2M
Q2 24
$18.0M
$149.9M
Q1 24
$17.6M
$167.7M

Cash Flow & Capital Efficiency

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

Metric
LSF
LSF
SPRO
SPRO
Operating Cash FlowLast quarter
$68.4K
$-8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
SPRO
SPRO
Q4 25
$68.4K
$-8.4M
Q3 25
$1.2M
$17.4M
Q2 25
$-2.8M
$-17.7M
Q1 25
$-1.3M
$-4.0M
Q4 24
$339.2K
$-23.4M
Q3 24
$305.8K
$12.8M
Q2 24
$642.7K
$-18.7M
Q1 24
$-422.3K
$5.9M
Cash Conversion
LSF
LSF
SPRO
SPRO
Q4 25
-0.26×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

SPRO
SPRO

Segment breakdown not available.

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