Spero Therapeutics, Inc. (SPRO) Stock

Spero Therapeutics, Inc. (SPRO) is a Healthcare stock trading at $1.23 (as of 2026-08-21), with a market capitalization of $70.93M and a trailing P/E of 9.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Spero Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing treatments for multi-drug resistant (MDR) bacterial infections and rare diseases in the United States. The company's product candidates include tebipenem pivoxil hydrobromide (HBr), an oral carbapenem-class antibiotic to treat complicated urinary tract infections, including pyelonephritis for adults; SPR206, a direct acting IV-administered agent to treat MDR Gram-negative bacterial infections in the hospital; and SPR720, an oral antibiotic for the treatment of non-tuberculous mycobacterial pulmonary disease. It has license agreement with Meiji Seika Pharma Co., Ltd. to support the development of tebipenem HBr; license agreement with Everest Medicines to develop, manufacture, and commercialize SPR206 in Greater China, South Korea, and Southeast Asian countries; collaboration agreement with Bill & Melinda Gates Medical Research Institute to develop SPR720 for the treatment of lung infections caused by Mycobacterium tuberculosis; and license agreement with Vertex Pharmaceuticals Incorporated for patents relating to SPR720, as well as SPR719, an active metabolite. The company was founded in 2013 and is headquartered in Cambridge, Massachusetts.

Understand Spero Therapeutics, Inc.: how it makes money

Spero Therapeutics is a clinical-stage biopharmaceutical company developing treatments for multi-drug resistant bacterial infections and rare diseases, and it generates small amounts of collaboration revenue while advancing candidates such as tebipenem pivoxil HBr, SPR206, and SPR720.

Near-term revenue is largely collaboration-driven (current and grant revenue are shown as 0.0), while operating results are deeply negative, so the profit model depends on future clinical progress that can lead to larger partnerships and commercialization rather than on a current sales base.

Revenue by segment (latest quarter)
Collab$0.0B
Current$0.0B
Grant$0.0B

Business quality (Weak): Useful clinical and revenue-type disclosures are provided, but the latest-quarter revenue is effectively near zero, and segment detail is limited to revenue categories rather than product-specific streams.

Valuation: At 8× earnings, SPRO trades 50% below the Pharmaceutical Products average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Active clinical development for SPR720 (Phase 2a) with reported interim dosing in planned analysis: Patients Dosed in Planned Interim Analysis (Phase 2a SPR720) is 16.0.
  • Tebipenem pivoxil HBr has a reported overall success rate in the provided data: Tebipenem HBr Overall Success Rate is 58.5 percent.
  • Some collaboration economics exist in the latest quarter: Collaboration Revenue is 0.01 USD_B for the quarter ended 2026-03-31.

Bear case

  • The company is not generating meaningful revenue from operations in the provided period: Revenue is shown as 0.0 for the quarter ended 2026-03-31, with Current Revenue and Grant Revenue shown as 0.0.
  • Operating losses are extremely large based on the provided operating margin: Operating margin is -2921.7 percent for the quarter ended 2026-03-31.
  • Clinical development may face setbacks or inefficiencies: PIVOT-PO Trial Interim Analysis Patient Enrollment (Stopped Early) is 1690.0, indicating an early stop for that study at interim analysis.
  • Cost actions suggest financial pressure: Workforce Reduction Percentage is 39.0 percent.
Valuation — source: SEC EDGAR (first-party)
Price$1.23
Market Cap$70.93M
P/E Ratio9.6
EV / EBITDA3.3
Price / Book1.60
Price / Sales1.51
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$66.80M
Net Margin12.8%
Revenue Growth (YoY)-100.0%
EPS Growth (YoY)433.3%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.58 (distress)
Valuation vs Sector & Industry
Stock P/E9.6
Sector P/E (Healthcare)21.7
Industry P/E (Pharmaceutical Products)17.0
vs Sector-55.7%
vs Industry-43.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderGSK plc ($21.51M)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryPharmaceutical Products
CEOEsther Rajavelu
Employees32
CountryUS
IPO Date2017-11-02

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SPRO earnings history · SPRO institutional & insider holders · SPRO KPIs & operating metrics · SPRO financials · SPRO investor presentations & press releases · SPRO SEC filings · SPRO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.