vs

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

Volato Group, Inc. is the larger business by last-quarter revenue ($24.9M vs $12.6M, roughly 2.0× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 14.5%, a 236.2% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 13632.0%).

SOAR vs SPRO — Head-to-Head

Bigger by revenue
SOAR
SOAR
2.0× larger
SOAR
$24.9M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+10448.7% gap
SPRO
24080.8%
13632.0%
SOAR
Higher net margin
SPRO
SPRO
236.2% more per $
SPRO
250.7%
14.5%
SOAR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SOAR
SOAR
SPRO
SPRO
Revenue
$24.9M
$12.6M
Net Profit
$3.6M
$31.5M
Gross Margin
15.2%
Operating Margin
3.5%
Net Margin
14.5%
250.7%
Revenue YoY
13632.0%
24080.8%
Net Profit YoY
121.3%
250.9%
EPS (diluted)
$0.75
$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
SOAR
SOAR
SPRO
SPRO
Q4 25
$12.6M
Q3 25
$0
Q2 25
$24.9M
$0
Q1 25
$25.5M
$12.0K
Q4 24
$52.0K
Q3 24
$38.5M
$65.0K
Q2 24
$114.0K
Q1 24
$140.0K
Net Profit
SOAR
SOAR
SPRO
SPRO
Q4 25
$31.5M
Q3 25
$-7.4M
Q2 25
$3.6M
$-1.7M
Q1 25
$455.0K
$-13.9M
Q4 24
Q3 24
$-4.4M
$-17.1M
Q2 24
$-17.9M
Q1 24
$-12.7M
Gross Margin
SOAR
SOAR
SPRO
SPRO
Q4 25
Q3 25
Q2 25
15.2%
Q1 25
17.6%
Q4 24
Q3 24
16.6%
Q2 24
Q1 24
Operating Margin
SOAR
SOAR
SPRO
SPRO
Q4 25
Q3 25
Q2 25
3.5%
Q1 25
9.9%
-122758.3%
Q4 24
Q3 24
5.5%
-28604.6%
Q2 24
-16720.2%
Q1 24
-9987.1%
Net Margin
SOAR
SOAR
SPRO
SPRO
Q4 25
250.7%
Q3 25
Q2 25
14.5%
Q1 25
1.8%
-115550.0%
Q4 24
Q3 24
-11.5%
-26380.0%
Q2 24
-15668.4%
Q1 24
-9049.3%
EPS (diluted)
SOAR
SOAR
SPRO
SPRO
Q4 25
$0.56
Q3 25
$-0.13
Q2 25
$0.75
$-0.03
Q1 25
$0.03
$-0.25
Q4 24
Q3 24
$-3.76
$-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
SOAR
SOAR
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-7.1M
$59.0M
Total Assets
$13.0M
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOAR
SOAR
SPRO
SPRO
Q4 25
$40.3M
Q3 25
$48.6M
Q2 25
$31.2M
Q1 25
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Stockholders' Equity
SOAR
SOAR
SPRO
SPRO
Q4 25
$59.0M
Q3 25
$26.5M
Q2 25
$-7.1M
$32.8M
Q1 25
$-15.8M
$33.8M
Q4 24
$46.1M
Q3 24
$-19.6M
$65.5M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
SOAR
SOAR
SPRO
SPRO
Q4 25
$68.9M
Q3 25
$54.2M
Q2 25
$13.0M
$62.1M
Q1 25
$23.4M
$77.7M
Q4 24
$110.5M
Q3 24
$47.9M
$135.2M
Q2 24
$149.9M
Q1 24
$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
SOAR
SOAR
SPRO
SPRO
Operating Cash FlowLast quarter
$848.0K
$-8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.24×
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOAR
SOAR
SPRO
SPRO
Q4 25
$-8.4M
Q3 25
$17.4M
Q2 25
$848.0K
$-17.7M
Q1 25
$-312.0K
$-4.0M
Q4 24
$-23.4M
Q3 24
$-3.1M
$12.8M
Q2 24
$-18.7M
Q1 24
$5.9M
Free Cash Flow
SOAR
SOAR
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
SOAR
SOAR
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
SOAR
SOAR
SPRO
SPRO
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
SOAR
SOAR
SPRO
SPRO
Q4 25
-0.26×
Q3 25
Q2 25
0.24×
Q1 25
-0.69×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons