vs

Side-by-side financial comparison of Spero Therapeutics, Inc. (SPRO) and VOX ROYALTY CORP. (VOXR). Click either name above to swap in a different company.

Spero Therapeutics, Inc. is the larger business by last-quarter revenue ($12.6M vs $9.3M, roughly 1.4× VOX ROYALTY CORP.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -7.4%, a 258.0% gap on every dollar of revenue. Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs 26.4%).

Vox Royalty Corp. is a specialized mining royalty and streaming company that provides upfront capital to mining project owners and operators, in exchange for a share of future commodity production revenue or physical output. Its portfolio includes gold, silver, copper and other critical minerals, with core operating markets spanning North America, Australia and Africa, catering to the global mining exploration and development sector.

SPRO vs VOXR — Head-to-Head

Bigger by revenue
SPRO
SPRO
1.4× larger
SPRO
$12.6M
$9.3M
VOXR
Higher net margin
SPRO
SPRO
258.0% more per $
SPRO
250.7%
-7.4%
VOXR
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
26.4%
VOXR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SPRO
SPRO
VOXR
VOXR
Revenue
$12.6M
$9.3M
Net Profit
$31.5M
$-682.6K
Gross Margin
69.2%
Operating Margin
11.8%
Net Margin
250.7%
-7.4%
Revenue YoY
24080.8%
Net Profit YoY
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
SPRO
SPRO
VOXR
VOXR
Q4 25
$12.6M
Q3 25
$0
$9.3M
Q2 25
$0
$5.4M
Q1 25
$12.0K
$2.7M
Q4 24
$52.0K
Q3 24
$65.0K
$8.2M
Q2 24
$114.0K
$5.7M
Q1 24
$140.0K
$2.9M
Net Profit
SPRO
SPRO
VOXR
VOXR
Q4 25
$31.5M
Q3 25
$-7.4M
$-682.6K
Q2 25
$-1.7M
$-575.0K
Q1 25
$-13.9M
$-241.4K
Q4 24
Q3 24
$-17.1M
$316.9K
Q2 24
$-17.9M
$-729.7K
Q1 24
$-12.7M
$-681.2K
Gross Margin
SPRO
SPRO
VOXR
VOXR
Q4 25
Q3 25
69.2%
Q2 25
83.0%
Q1 25
90.1%
Q4 24
Q3 24
97.0%
Q2 24
83.8%
Q1 24
Operating Margin
SPRO
SPRO
VOXR
VOXR
Q4 25
Q3 25
11.8%
Q2 25
15.0%
Q1 25
-122758.3%
22.8%
Q4 24
Q3 24
-28604.6%
28.5%
Q2 24
-16720.2%
7.4%
Q1 24
-9987.1%
32.7%
Net Margin
SPRO
SPRO
VOXR
VOXR
Q4 25
250.7%
Q3 25
-7.4%
Q2 25
-10.6%
Q1 25
-115550.0%
-9.0%
Q4 24
Q3 24
-26380.0%
3.9%
Q2 24
-15668.4%
-12.8%
Q1 24
-9049.3%
-23.6%
EPS (diluted)
SPRO
SPRO
VOXR
VOXR
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
SPRO
SPRO
VOXR
VOXR
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$59.0M
Total Assets
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRO
SPRO
VOXR
VOXR
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
SPRO
SPRO
VOXR
VOXR
Q4 25
$59.0M
Q3 25
$26.5M
Q2 25
$32.8M
Q1 25
$33.8M
Q4 24
$46.1M
Q3 24
$65.5M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
SPRO
SPRO
VOXR
VOXR
Q4 25
$68.9M
Q3 25
$54.2M
Q2 25
$62.1M
Q1 25
$77.7M
Q4 24
$110.5M
Q3 24
$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
SPRO
SPRO
VOXR
VOXR
Operating Cash FlowLast quarter
$-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
SPRO
SPRO
VOXR
VOXR
Q4 25
$-8.4M
Q3 25
$17.4M
Q2 25
$-17.7M
Q1 25
$-4.0M
Q4 24
$-23.4M
Q3 24
$12.8M
Q2 24
$-18.7M
Q1 24
$5.9M
Cash Conversion
SPRO
SPRO
VOXR
VOXR
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.

VOXR
VOXR

Total$8.2M88%
Other$1.1M12%

Related Comparisons