ARS Pharmaceuticals, Inc. (SPRY)
NASDAQ: SPRY · Real-Time Price · USD
5.83
+0.16 (2.82%)
At close: Jul 29, 2026, 4:00 PM EDT
5.82
-0.01 (-0.17%)
Pre-market: Jul 30, 2026, 8:12 AM EDT

ARS Pharmaceuticals Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
98.9984.2889.150.031.325.51
Revenue Growth
1.92%-5.46%297063.33%-97.72%-76.10%-
Gross Profit
73.3763.8688.170.031.325.51
Operating Income
-202.42-179.45-3.08-67.52-35.52-19.45
Net Income
-197.98-171.38-54.37-34.68-20.24
Earnings Per Share
-2.01-1.740.08-0.57-0.87-0.70
EPS Growth
------

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
81.8872.197.260.031.325.51
Rest of World
-12.0981.89---
Total
98.9984.2889.150.031.325.51

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
200.97244.99314.02228.36274.3860.06
Total Debt
97.1196.960.040.270.489.03
Net Cash (Debt)
103.86148.02313.98228.09273.951.03
Net Cash Growth
-62.32%-52.86%37.66%-16.73%436.74%-86.66%
Net Cash Per Share
1.051.503.072.406.861.77

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-175.07-170.8713.55-59.27-40.08-17.56
Capital Expenditures
-0.2-0.34-0.56-0.18-0.2-0.06
Free Cash Flow
-175.27-171.2112.99-59.44-40.28-17.62
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
74.12%75.77%98.90%100.00%100.00%100.00%
Operating Margin
-204.49%-212.92%-3.46%-225067.00%-2698.78%-353.32%
Pretax Margin
-204.49%-203.35%9.29%-181216.67%-2709.42%-353.32%
Profit Margin
-200.00%-203.25%8.97%-181217.00%-2635.41%-367.65%
FCF Margin
-177.06%-203.14%14.57%-198137.00%-3060.56%-319.94%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--131.88---
P/FCF Ratio
--79.59---
PS Ratio
5.8513.7311.5917611.80608.9236.73