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ARS Pharmaceuticals, Inc. SPRY R2KR3KPHARMA

Healthcare · Biotechnology · United States
https://ars-pharma.com
Company Profile ↓
$5.62
-64.48% 1Y
Mkt Cap$558.08M
P/E-2.81
P/B9.98
52W High$15.82
52W Low$5.13
Book Value$0.62
EPS (TTM)$-2.00

Company Overview

ARS Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes treatments for severe allergic reactions in the United States and internationally. The company is involved in the development of neffy, a needle-free intranasal delivery of epinephrine for emergency treatment of Type I allergic reactions, including anaphylaxis. ARS Pharmaceuticals, Inc. was founded in 2015 and is headquartered in San Diego, California.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 97.8% CAGR over the past five years.

Recent Developments

  • Dec 2025 Revenue of $84.28M (-5.5% YoY); net profit $-171.30M.
  • Trailing 12 Months Year-on-year growth — revenue +184.5%, earnings -2241.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR 97.8%.

Growth & Price Performance

Compounded Sales Growth

5 Years:97.80%
1 Year:184.50%

Compounded Profit Growth

5 Years:-
1 Year:-2,241.76%

Stock Price Performance

1 Year:-64.48%
6 Months:-37.97%
3 Months:-34.35%
1 Month:+1.26%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 5% of range
$5.13 $15.82
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)42.68 · Neutral
Price Performance
1M+1.26%
3M-34.35%
6M-37.97%
1Y-64.48%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 97.8% over 5 years.

CONS

  • Trading 64.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-2.81
Industry PE
25.17
Forward P/E
-5.96
PEG Ratio
-
Book Value
$0.62
Price to Book
9.98
P/S
6.18
EV/EBITDA
-2.90
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
97.80%
Profit 5Y
-
Revenue (YoY)
184.50%
Earnings (YoY)
-2,241.76%

Profitability & Returns

ROCE
-62.20%
ROE
-136.40%
ROA
-41.15%
Profit Margin
-
Op Margin
-
Gross Margin
59.41%
EPS (Latest Qtr)
$-0.61
EPS (TTM)
$-2.00

Balance Sheet & Liquidity

Debt/Equity
2.79
Quick Ratio
4.64
Current Ratio
4.94
Debt
$171.20M
Total Assets
$287.57M
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
16.18%
Chg in Prom Hold
-0.02%
FII / Inst Holding
92.06%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$558.08M
Total Revenue (TTM)
$98.99M
EBITDA
$-200.93M
Free Cash Flow
$-98.28M
Operating Cash Flow
$-175.07M
Shares Outstanding
99.30M
Gross Margin
59.41%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SPRY ARS Pharmaceuticals, Inc. R2KR3KPHARMA 5.62 -2.81 $558.08M 0.00% -62.20% -136.40% 97.80% -
2 LLY Eli Lilly and Company SPXR3KPHARMA 1,149.36 38.57 $1.02T 0.58% - 102.29% 7.20% 11.41%
3 JNJ Johnson & Johnson SPXR3KPHARMA 275.23 31.97 $663.28B 2.09% 14.88% 25.74% 2.43% 4.76%
4 ABBV AbbVie Inc. SPXR3KPHARMA 256.46 72.45 $453.19B 2.84% 10.47% -129.24% 1.75% -29.06%
5 MRK Merck & Co., Inc. SPXR3KPHARMA 150.33 120.26 $371.29B 2.65% - 34.70% 5.64% 10.01%
6 UNH UnitedHealth Group Incorporated SPXR3KPHARMA 397.14 25.54 $356.47B 2.33% 9.74% 14.15% 10.40% 5.43%
7 NVS Novartis AG PHARMA 159.99 24.20 $304.10B 3.03% 21.09% 30.35% 9.25% 26.22%
8 AZN AstraZeneca PLC NDXPHARMA 162.70 24.36 $252.33B 1.98% 15.97% 21.96% 9.82% 45.96%
9 AMGN Amgen Inc. NDXSPXR3KPHARMA 437.23 27.14 $235.98B 2.49% 13.95% 91.47% 5.51% 5.55%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Mar 2026
Revenue ------663.00K464.00K189.00K20.00K10.00K00500.00K2.07M7.97M15.72M32.50M22.68M
Operating Income -5.24M-6.46M-8.11M-18.89M-24.51M-22.68M-7.10M-6.34M-6.63M-18.71M-20.60M-17.98M-13.19M-15.34M-21.75M-37.18M-47.61M-53.19M-60.15M
Net Income -5.28M-6.47M-8.12M-18.87M-24.50M-22.66M-7.25M-6.42M-6.58M-14.96M-17.37M-14.87M-10.29M-12.52M-19.13M-33.94M-44.88M-51.15M-60.62M
Diluted EPS ------0.65-0.24-0.21-0.21-0.16-0.18-0.16-0.11-0.13-0.20-0.35-0.46-0.52-0.61
R&D Expense 4.41M5.13M6.20M12.24M17.75M15.64M5.42M4.35M3.89M6.55M7.31M3.00M5.23M6.90M4.42M2.95M4.04M2.75M4.34M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -5.51M1.32M30.00K89.15M84.28M
Operating Income -32.92M-19.45M-35.52M-67.52M-3.08M-179.45M
Net Income -32.95M-20.24M-34.68M-54.37M8.00M-171.30M
Diluted EPS --0.70-0.87-0.570.08-1.74
R&D Expense 24.58M20.27M18.38M20.27M19.58M13.18M

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -394.80M61.45M281.44M233.19M351.15M327.65M
Total Equity -58.78M-14.05M-31.27M272.89M230.76M256.80M114.26M
Cash & Equivalents -386.57M60.06M210.52M70.97M50.82M41.32M
Long Term Debt -----096.37M
Total Liabilities -11.93M16.68M8.55M2.43M94.36M213.39M
Current Liabilities -9.60M8.19M5.44M2.39M23.44M39.15M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -31.20M-17.56M-40.08M-59.27M13.55M-170.87M
Investing Cash Flow -917.00K-55.00K-199.00K-87.18M-106.10M56.77M
Financing Cash Flow 408.51M53.16M190.73M6.90M72.40M104.60M
Capital Expenditure -917.00K-55.00K-199.00K-175.00K-563.00K-339.00K
Free Cash Flow -32.11M-17.62M-40.28M-59.44M12.98M-171.21M

Ratios (Annual)

Figures in %.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------
Operating Margin % --353.3%-2,698.8%-225,066.7%-3.5%-212.9%
Net Margin % --367.7%-2,635.4%-181,216.7%9.0%-203.3%
ROE % 234.5%64.7%-12.7%-23.6%3.1%-149.9%
ROCE % -8.5%-36.5%-12.9%-29.3%-0.9%-62.2%

Shareholding Pattern

Insiders
16.18%
Institutions
92.06%
Public Float
109.83%

Top Institutional Holders

#Holder% HeldSharesValue
1 RA Capital Management, L.P. 10.92% 10.86M $63.97M
2 Rubric Capital Management LP 8.59% 8.54M $50.31M
3 Orbimed Advisors LLC. 8.33% 8.29M $48.82M
4 Deerfield Management Company, L.P 7.55% 7.50M $44.20M
5 Blackrock Inc. 5.34% 5.31M $31.28M
6 Tyro Capital Management LLC 4.48% 4.46M $26.27M
7 Aberdeen Group plc 4.19% 4.17M $24.57M
8 SR One Capital Management, LP 4.04% 4.01M $23.64M
9 State Street Corporation 3.75% 3.73M $21.97M
10 Capital World Investors 2.77% 2.75M $16.23M

Analyst View

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Latest News

Recent headlines for SPRY

Google News Sun, 06 Sep 2026

SPRY, PASG, BOXL: Why These Stocks Plunged Double Digits In After-Hours Trading Today - Stocktwits

<a href="https://news.google.com/rss/articles/CBMi3wFBVV95cUxOMGJiS3prVExsRkJDd1MtQlhlN20wM1RvYjR2bGhtellnNGRHZHg3YkdERkRnWEFqMmVpYnluckxIVEVwRWozWm5rb1owMGl3UnNuV2F2bE0wVERHWERVVVQxT09PR194ekp3VjA4SmE1NzgxTUlJUDIxNVY0TWg1SEdkRHpLalpzUmdBZG…

Google News Fri, 21 Aug 2026

ARS Pharma (SPRY) Cuts Spending As It Chases Neffy Market Share - Yahoo Finance

<a href="https://news.google.com/rss/articles/CBMilAFBVV95cUxPVjlObkpXWmZ1TzRIQjhUTTZJWDgyeFhDYmUzQ3VXS1J3MnpvQVJvdFZvWnJwamZTV3cwTEg4RDQ0ZzdJVl8xUDE2V1FJSjZUb2hqX3dIX2YwRG0zajJtcWJ5dE1KOW1LZFdieDJna3F1MWVyeEVhbHJ0enM3eVl6eUdpTk8wN0ptcEJ1X2…

Google News Wed, 02 Sep 2026

SPRY Shareholder Alert: ARS Pharmaceuticals Inc. Securities Class Action Lawsuit - Investors Should Contact Levi & Korsinsky - PR Newswire

<a href="https://news.google.com/rss/articles/CBMiiAJBVV95cUxOdUJfT2lxUDFJMGFGVHBGNjBLZl8wRE9IMzRmYVpaYUtiN0RDOWtOSG83Zjc3dXBWLU1Pc3VQVl9qOVFTUGktbUZkdUE1SkRaX2dGRlhZeTVkNWlRWnAtLWhMQTB6SFBNQzVnbUxUdzgyTVZuUEFFNE9HQkFrMUh6d0hjbkVVUmI3XzRseU…

Google News hu, 03 Sep 2026

SPRY UPCOMING DEADLINE: SueWallSt Alerts ARS Pharmaceuticals Inc. Stockholders of Securities Class Action - Contact the Firm - Morningstar

<a href="https://news.google.com/rss/articles/CBMijgJBVV95cUxQNkkyei10RzAwakQzbU5USHNCUkpQc2tFRmFxU0FaRnJJcDBfRWI2Vmx1R2w4ZThJdmExVDBNYVF5cnpKWkhtTjR3T3dudXJ1SW40QmVUd2pXY0l6eFdTZklUNk1pdEpyU0NZLThMdF8yTEJVTFdtNXNnWlgzTUtFZ1RueEhXOFhSMU1LdT…

Google News Fri, 04 Sep 2026

Another ARS Pharma (NASDAQ: SPRY) insider stock sale is coming, with the size now disclosed - Stock Titan

<a href="https://news.google.com/rss/articles/CBMiogFBVV95cUxOSGczLW9TZ09Ga3BUMEFVR245Q3h6QW9OVXQwZzgyNkFFc1ZDV2dWSHhPTXVSQlVNUDMtcUVuSmFLZmY1a19FM0lHZDhLdjd2Zk9xMUFsQlYtOXNzcXZxdDVHaFpwNGtIdXVaQm9QUk1fdm40anppbWdrWGpqUlcyTThQZkNFcGJxYkJLVW…

Google News Sat, 15 Aug 2026

ARS Pharmaceuticals (SPRY) Stock Faces Margin Squeeze As Losses Deepen - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi6AFBVV95cUxQX21fM3NhUmxGWkcycFIzTEpzS2ViNXZ3Z0twZDlZbWVNR093OHBrSVY0TUxDVmJVX3B3d2EwTFpMT0xZMlJISUltWUhDOHI2UW9teFpZQUt5dzdROTA4ak1jcUJ1UmFHbExHWUN6bDRmNE5pMk9wVUlLeU1RTUdUWTVYMXp4Z0MyXzcxcj…

SPRY — Frequently Asked Questions

What is the current share price of ARS Pharmaceuticals, Inc. (SPRY)?

As of 2026-09-07 16:24 PDT, ARS Pharmaceuticals, Inc. (SPRY) trades at $5.62 on NasdaqGM. Its 52-week range is $5.13 to $15.82.

What is the market capitalisation of SPRY?

ARS Pharmaceuticals, Inc. (SPRY) has a market capitalisation of $558.08M on NasdaqGM.

What is the P/E ratio of SPRY?

SPRY trades at a trailing price-to-earnings (P/E) ratio of -2.81. The industry average P/E is 25.17. Its price-to-book (P/B) ratio is 9.98.

What is the return on equity (ROE) of SPRY?

SPRY has a return on equity (ROE) of -136.40%. Its return on capital employed (ROCE) is -62.20%.

Is SPRY a good stock to buy?

This page provides a data-driven analysis of ARS Pharmaceuticals, Inc. (SPRY), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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