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

Xilio Therapeutics, Inc. is the larger business by last-quarter revenue ($13.7M vs $12.6M, roughly 1.1× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 75.7%, a 175.0% gap on every dollar of revenue.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

SPRO vs XLO — Head-to-Head

Bigger by revenue
XLO
XLO
1.1× larger
XLO
$13.7M
$12.6M
SPRO
Higher net margin
SPRO
SPRO
175.0% more per $
SPRO
250.7%
75.7%
XLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPRO
SPRO
XLO
XLO
Revenue
$12.6M
$13.7M
Net Profit
$31.5M
$10.4M
Gross Margin
Operating Margin
-86.5%
Net Margin
250.7%
75.7%
Revenue YoY
24080.8%
Net Profit YoY
250.9%
179.1%
EPS (diluted)
$0.56
$-3.74

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
XLO
XLO
Q4 25
$12.6M
$13.7M
Q3 25
$0
$19.1M
Q2 25
$0
$8.1M
Q1 25
$12.0K
$2.9M
Q4 24
$52.0K
Q3 24
$65.0K
Q2 24
$114.0K
Q1 24
$140.0K
Net Profit
SPRO
SPRO
XLO
XLO
Q4 25
$31.5M
$10.4M
Q3 25
$-7.4M
$-16.3M
Q2 25
$-1.7M
$-15.8M
Q1 25
$-13.9M
$-13.3M
Q4 24
Q3 24
$-17.1M
Q2 24
$-17.9M
Q1 24
$-12.7M
Operating Margin
SPRO
SPRO
XLO
XLO
Q4 25
-86.5%
Q3 25
-10.1%
Q2 25
-177.7%
Q1 25
-122758.3%
-472.7%
Q4 24
Q3 24
-28604.6%
Q2 24
-16720.2%
Q1 24
-9987.1%
Net Margin
SPRO
SPRO
XLO
XLO
Q4 25
250.7%
75.7%
Q3 25
-85.4%
Q2 25
-196.0%
Q1 25
-115550.0%
-452.7%
Q4 24
Q3 24
-26380.0%
Q2 24
-15668.4%
Q1 24
-9049.3%
EPS (diluted)
SPRO
SPRO
XLO
XLO
Q4 25
$0.56
$-3.74
Q3 25
$-0.13
$-0.11
Q2 25
$-0.03
$-0.16
Q1 25
$-0.25
$-0.18
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
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$40.3M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$59.0M
$35.3M
Total Assets
$68.9M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRO
SPRO
XLO
XLO
Q4 25
$40.3M
$137.5M
Q3 25
$48.6M
$103.8M
Q2 25
$31.2M
$121.6M
Q1 25
$48.9M
$89.1M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Stockholders' Equity
SPRO
SPRO
XLO
XLO
Q4 25
$59.0M
$35.3M
Q3 25
$26.5M
$-8.1M
Q2 25
$32.8M
$7.1M
Q1 25
$33.8M
$10.7M
Q4 24
$46.1M
Q3 24
$65.5M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
SPRO
SPRO
XLO
XLO
Q4 25
$68.9M
$154.7M
Q3 25
$54.2M
$133.7M
Q2 25
$62.1M
$133.8M
Q1 25
$77.7M
$103.7M
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
XLO
XLO
Operating Cash FlowLast quarter
$-8.4M
$-2.0M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-15.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-0.26×
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRO
SPRO
XLO
XLO
Q4 25
$-8.4M
$-2.0M
Q3 25
$17.4M
$-17.5M
Q2 25
$-17.7M
$-14.5M
Q1 25
$-4.0M
$29.0M
Q4 24
$-23.4M
Q3 24
$12.8M
Q2 24
$-18.7M
Q1 24
$5.9M
Free Cash Flow
SPRO
SPRO
XLO
XLO
Q4 25
$-2.1M
Q3 25
Q2 25
$-14.9M
Q1 25
$29.0M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
SPRO
SPRO
XLO
XLO
Q4 25
-15.3%
Q3 25
Q2 25
-184.0%
Q1 25
988.3%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
SPRO
SPRO
XLO
XLO
Q4 25
0.7%
Q3 25
0.0%
Q2 25
5.0%
Q1 25
0.8%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
SPRO
SPRO
XLO
XLO
Q4 25
-0.26×
-0.19×
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.

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