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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current assets:      
Cash and cash equivalents $ 52,552 $ 87,288 $ 10,315
Marketable securities 22,841    
Other receivables 1,219 1,011 304
Tax incentive receivable, current 1,902 1,932  
Prepaid expenses and other current assets 1,224 1,828 1,253
Total current assets 79,738 92,059 11,872
Tax incentive receivable 45   144
Property and equipment, net 1,070 1,164 1,500
Deposits 206 206 206
Restricted cash   50 50
Total assets 81,059 93,479 13,772
Current liabilities:      
Accounts payable 982 3,470 1,139
Accrued expenses and other current liabilities 4,484 4,321 2,928
Derivative liabilities 223 223 2,708
Deferred rent 145 143 143
Total current liabilities 5,834 8,157 6,918
Deferred rent, net of current portion 327 365 493
Total liabilities 6,161 8,522 7,411
Commitments and contingencies
Stockholders' equity (deficit):      
Preferred stock
Common stock 14 14  
Additional paid-in capital 182,042 181,428  
Accumulated deficit (107,484) (96,840) (45,440)
Accumulated other comprehensive loss (29)    
Total Spero Therapeutics, Inc. stockholders' equity 74,543 84,602 (45,440)
Non-controlling interests 355 355 (3,808)
Total stockholders' equity 74,898 84,957 (49,248)
Common units   0 0
Total liabilities and stockholders' equity $ 81,059 $ 93,479 13,772
Bridge Units [Member]      
Current liabilities:      
Convertible preferred stock     7,924
Redeemable Convertible Preferred Units [Member]      
Current liabilities:      
Convertible preferred stock     $ 47,685