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

Spero Therapeutics, Inc. is the larger business by last-quarter revenue ($12.6M vs $7.6M, roughly 1.7× Zedge, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 10.4%, a 240.3% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 5.8%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs -1.0%).

Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.

SPRO vs ZDGE — Head-to-Head

Bigger by revenue
SPRO
SPRO
1.7× larger
SPRO
$12.6M
$7.6M
ZDGE
Growing faster (revenue YoY)
SPRO
SPRO
+24075.0% gap
SPRO
24080.8%
5.8%
ZDGE
Higher net margin
SPRO
SPRO
240.3% more per $
SPRO
250.7%
10.4%
ZDGE
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
-1.0%
ZDGE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SPRO
SPRO
ZDGE
ZDGE
Revenue
$12.6M
$7.6M
Net Profit
$31.5M
$788.0K
Gross Margin
Operating Margin
12.0%
Net Margin
250.7%
10.4%
Revenue YoY
24080.8%
5.8%
Net Profit YoY
250.9%
332.4%
EPS (diluted)
$0.56
$0.06

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
ZDGE
ZDGE
Q4 25
$12.6M
$7.6M
Q3 25
$0
$7.5M
Q2 25
$0
$7.8M
Q1 25
$12.0K
$7.0M
Q4 24
$52.0K
$7.2M
Q3 24
$65.0K
$7.6M
Q2 24
$114.0K
$7.7M
Q1 24
$140.0K
$7.8M
Net Profit
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$31.5M
$788.0K
Q3 25
$-7.4M
$-559.0K
Q2 25
$-1.7M
$185.0K
Q1 25
$-13.9M
$-1.7M
Q4 24
$-339.0K
Q3 24
$-17.1M
$-39.0K
Q2 24
$-17.9M
$113.0K
Q1 24
$-12.7M
$-9.2M
Operating Margin
SPRO
SPRO
ZDGE
ZDGE
Q4 25
12.0%
Q3 25
-9.6%
Q2 25
2.1%
Q1 25
-122758.3%
-31.8%
Q4 24
-6.4%
Q3 24
-28604.6%
-0.8%
Q2 24
-16720.2%
-1.7%
Q1 24
-9987.1%
-153.5%
Net Margin
SPRO
SPRO
ZDGE
ZDGE
Q4 25
250.7%
10.4%
Q3 25
-7.5%
Q2 25
2.4%
Q1 25
-115550.0%
-24.1%
Q4 24
-4.7%
Q3 24
-26380.0%
-0.5%
Q2 24
-15668.4%
1.5%
Q1 24
-9049.3%
-118.8%
EPS (diluted)
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$0.56
$0.06
Q3 25
$-0.13
$-0.04
Q2 25
$-0.03
$0.01
Q1 25
$-0.25
$-0.12
Q4 24
$-0.02
Q3 24
$-0.32
$0.00
Q2 24
$-0.33
$0.01
Q1 24
$-0.24
$-0.66

Balance Sheet & Financial Strength

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

Metric
SPRO
SPRO
ZDGE
ZDGE
Cash + ST InvestmentsLiquidity on hand
$40.3M
$18.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$59.0M
$25.9M
Total Assets
$68.9M
$36.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$40.3M
$18.5M
Q3 25
$48.6M
$18.6M
Q2 25
$31.2M
$20.4M
Q1 25
$48.9M
$20.1M
Q4 24
$52.9M
$20.2M
Q3 24
$76.3M
$20.0M
Q2 24
$63.5M
$19.9M
Q1 24
$82.3M
$18.1M
Stockholders' Equity
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$59.0M
$25.9M
Q3 25
$26.5M
$25.9M
Q2 25
$32.8M
$28.6M
Q1 25
$33.8M
$28.2M
Q4 24
$46.1M
$30.1M
Q3 24
$65.5M
$30.9M
Q2 24
$80.5M
$30.9M
Q1 24
$96.2M
$30.7M
Total Assets
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$68.9M
$36.0M
Q3 25
$54.2M
$35.7M
Q2 25
$62.1M
$37.8M
Q1 25
$77.7M
$37.1M
Q4 24
$110.5M
$38.2M
Q3 24
$135.2M
$38.2M
Q2 24
$149.9M
$38.1M
Q1 24
$167.7M
$37.1M

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
ZDGE
ZDGE
Operating Cash FlowLast quarter
$-8.4M
$825.0K
Free Cash FlowOCF − Capex
$808.0K
FCF MarginFCF / Revenue
10.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
-0.26×
1.05×
TTM Free Cash FlowTrailing 4 quarters
$3.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$-8.4M
$825.0K
Q3 25
$17.4M
$674.0K
Q2 25
$-17.7M
$870.0K
Q1 25
$-4.0M
$708.0K
Q4 24
$-23.4M
$1.2M
Q3 24
$12.8M
$695.0K
Q2 24
$-18.7M
$2.3M
Q1 24
$5.9M
$1.6M
Free Cash Flow
SPRO
SPRO
ZDGE
ZDGE
Q4 25
$808.0K
Q3 25
$640.0K
Q2 25
$851.0K
Q1 25
$689.0K
Q4 24
$1.2M
Q3 24
$683.0K
Q2 24
$2.3M
Q1 24
$1.6M
FCF Margin
SPRO
SPRO
ZDGE
ZDGE
Q4 25
10.6%
Q3 25
8.6%
Q2 25
11.0%
Q1 25
9.9%
Q4 24
16.1%
Q3 24
9.0%
Q2 24
30.4%
Q1 24
20.0%
Capex Intensity
SPRO
SPRO
ZDGE
ZDGE
Q4 25
0.2%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
SPRO
SPRO
ZDGE
ZDGE
Q4 25
-0.26×
1.05×
Q3 25
Q2 25
4.70×
Q1 25
Q4 24
Q3 24
Q2 24
20.73×
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.

ZDGE
ZDGE

Zedge Marketplace$7.1M94%
Other$468.0K6%

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