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

Spero Therapeutics, Inc. is the larger business by last-quarter revenue ($12.6M vs $9.7M, roughly 1.3× Kartoon Studios, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -54.4%, a 305.1% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 2.9%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs 26.3%).

Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.

SPRO vs TOON — Head-to-Head

Bigger by revenue
SPRO
SPRO
1.3× larger
SPRO
$12.6M
$9.7M
TOON
Growing faster (revenue YoY)
SPRO
SPRO
+24077.9% gap
SPRO
24080.8%
2.9%
TOON
Higher net margin
SPRO
SPRO
305.1% more per $
SPRO
250.7%
-54.4%
TOON
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
26.3%
TOON

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPRO
SPRO
TOON
TOON
Revenue
$12.6M
$9.7M
Net Profit
$31.5M
$-5.3M
Gross Margin
Operating Margin
-38.4%
Net Margin
250.7%
-54.4%
Revenue YoY
24080.8%
2.9%
Net Profit YoY
250.9%
8.5%
EPS (diluted)
$0.56
$-0.08

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
SPRO
SPRO
TOON
TOON
Q4 25
$12.6M
$9.7M
Q3 25
$0
$9.9M
Q2 25
$0
$10.3M
Q1 25
$12.0K
$9.5M
Q4 24
$52.0K
$9.4M
Q3 24
$65.0K
$8.7M
Q2 24
$114.0K
$8.4M
Q1 24
$140.0K
$6.1M
Net Profit
SPRO
SPRO
TOON
TOON
Q4 25
$31.5M
$-5.3M
Q3 25
$-7.4M
$-6.6M
Q2 25
$-1.7M
$-6.2M
Q1 25
$-13.9M
$-6.5M
Q4 24
$-5.8M
Q3 24
$-17.1M
$-2.1M
Q2 24
$-17.9M
$-5.9M
Q1 24
$-12.7M
$-7.0M
Operating Margin
SPRO
SPRO
TOON
TOON
Q4 25
-38.4%
Q3 25
-29.3%
Q2 25
-31.3%
Q1 25
-122758.3%
-32.4%
Q4 24
-37.1%
Q3 24
-28604.6%
-29.2%
Q2 24
-16720.2%
-55.6%
Q1 24
-9987.1%
-103.6%
Net Margin
SPRO
SPRO
TOON
TOON
Q4 25
250.7%
-54.4%
Q3 25
-66.5%
Q2 25
-60.0%
Q1 25
-115550.0%
-68.7%
Q4 24
-61.2%
Q3 24
-26380.0%
-23.6%
Q2 24
-15668.4%
-70.1%
Q1 24
-9049.3%
-115.9%
EPS (diluted)
SPRO
SPRO
TOON
TOON
Q4 25
$0.56
$-0.08
Q3 25
$-0.13
$-0.14
Q2 25
$-0.03
$-0.13
Q1 25
$-0.25
$-0.14
Q4 24
$-0.14
Q3 24
$-0.32
$-0.05
Q2 24
$-0.33
$-0.15
Q1 24
$-0.24
$-0.20

Balance Sheet & Financial Strength

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

Metric
SPRO
SPRO
TOON
TOON
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$59.0M
$26.2M
Total Assets
$68.9M
$70.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRO
SPRO
TOON
TOON
Q4 25
$40.3M
Q3 25
$48.6M
Q2 25
$31.2M
Q1 25
$48.9M
Q4 24
$52.9M
$100.0K
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Stockholders' Equity
SPRO
SPRO
TOON
TOON
Q4 25
$59.0M
$26.2M
Q3 25
$26.5M
$22.6M
Q2 25
$32.8M
$28.4M
Q1 25
$33.8M
$28.6M
Q4 24
$46.1M
$35.0M
Q3 24
$65.5M
$41.2M
Q2 24
$80.5M
$42.7M
Q1 24
$96.2M
$44.8M
Total Assets
SPRO
SPRO
TOON
TOON
Q4 25
$68.9M
$70.9M
Q3 25
$54.2M
$66.7M
Q2 25
$62.1M
$70.0M
Q1 25
$77.7M
$71.7M
Q4 24
$110.5M
$85.5M
Q3 24
$135.2M
$87.3M
Q2 24
$149.9M
$89.0M
Q1 24
$167.7M
$93.3M

Cash Flow & Capital Efficiency

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

Metric
SPRO
SPRO
TOON
TOON
Operating Cash FlowLast quarter
$-8.4M
$381.0K
Free Cash FlowOCF − Capex
$346.0K
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRO
SPRO
TOON
TOON
Q4 25
$-8.4M
$381.0K
Q3 25
$17.4M
$-5.5M
Q2 25
$-17.7M
$-4.5M
Q1 25
$-4.0M
$-1.8M
Q4 24
$-23.4M
$-2.4M
Q3 24
$12.8M
$1.5M
Q2 24
$-18.7M
$-6.5M
Q1 24
$5.9M
$3.8M
Free Cash Flow
SPRO
SPRO
TOON
TOON
Q4 25
$346.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
Q1 25
$-1.8M
Q4 24
$-2.4M
Q3 24
$1.5M
Q2 24
Q1 24
$3.8M
FCF Margin
SPRO
SPRO
TOON
TOON
Q4 25
3.6%
Q3 25
-56.0%
Q2 25
-44.1%
Q1 25
-19.4%
Q4 24
-25.6%
Q3 24
17.1%
Q2 24
Q1 24
62.7%
Capex Intensity
SPRO
SPRO
TOON
TOON
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.4%
Q2 24
0.0%
Q1 24
0.6%
Cash Conversion
SPRO
SPRO
TOON
TOON
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

SPRO
SPRO

Segment breakdown not available.

TOON
TOON

Other$4.6M48%
CA$2.8M29%
Content Distribution$2.2M23%

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