ARS Pharmaceuticals, Inc.

ARS Pharmaceuticals, Inc.

SPRY
ARS Pharmaceuticals, Inc.US flagNASDAQ Global Market
9.62
USD
-0.14
- -
955.29MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.19
0.06
0.03
- -
0.92
0.86
1
Basic EPS, GAAP
-0.01
-0.22
-0.87
-0.57
0.08
-1.74
-2
Free Cash Flow per Basic Share
0.1
-0.19
-1.01
-0.62
0.13
-1.74
-1.77
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.23
-0.45
-1.93
-1.38
-1.27
-2.99
-3.59
Tangible Book Value per Share
-0.15
-0.33
6.83
2.42
2.57
1.01
0.48
Basic Weighted Avg Shares
94
94
40
95
97
99
99
Sales/Revenue/Turnover
18
6
1
- -
89
84
99
Operating Margin (%)
-2.63
-353.32
-2,698.78
-225,066.67
-3.46
-212.92
-204.49
Depreciation Expense
- -
- -
- -
-7
-7
-4
-3
Net Income, GAAP
-1
-20
-35
-54
8
-171
-198
Effective Tax Rate (%)
- -
- -
- -
- -
3.48
- -
- -
Profit Margin (%)
-5.97
-367.65
-2,635.41
-181,216.67
8.97
-203.25
-200
Working Capital
18
53
272
229
311
246
196
LT Debt
7
5
- -
- -
- -
96
97
Total Equity
-14
-31
273
231
257
114
61
Return on Invested Capital (%)
- -
- -
- -
- -
-1.22
- -
- -
Return on Capital (%)
- -
- -
- -
- -
-6.29
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
- -
- -
LT Borrowings
96
96
97
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
99
99
Market Capitalization
989
1,146
794

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
339
285
245
Cash, Cash Equivalents & STI
288
245
201
Accounts Receivable, Net
36
25
29
Inventories
8
8
9
Total Current Liabilities
51
39
50
Payables & Accruals
44
38
48
ST Debt
1
- -
- -
Deferred Revenue
1
1
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-181.97%
-55.51%
Free Cash Flow
- -
-331.66%
-1,418.48%
Net Income, GAAP
- -
-85.53%
-2,241.76%
Sales/Revenue/Turnover
- -
59,362.98%
-5.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
2
87
89
2025
8
16
33
28
84
2026
23
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
-0.13
-0.2
- -
0.08
2025
-0.35
-0.46
-0.52
- -
-1.74
2026
-0.61
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Richard E. Lowenthal
Full Time Employees
155
Sector
Healthcare
Industry
Biotechnology
Address
3525 Del Mar Heights Road San Diego CA United States of America 92130
IPO Date
Dec 4, 2020
Business
ARS Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of innovative treatments for severe allergic reactions, including anaphylaxis. Its primary product offering is neffy®, the first and only FDA-approved needle-free intranasal epinephrine spray designed for the emergency treatment of Type I allergic reactions in adults and children aged 4 years and older who weigh 33 pounds or more. Neffy® combines epinephrine with an absorption enhancer to provide rapid, injection-like absorption in a small, easy-to-use nasal spray, aiming to improve patient and caregiver confidence and prompt administration of epinephrine upon symptom onset. The company also conducts ongoing clinical trials for expanding the use of its intranasal epinephrine technology into additional indications such as chronic spontaneous urticaria. ARS Pharmaceuticals operates primarily in the United States and Europe, with headquarters in San Diego, California. Founded prior to its public listing and presently traded under the ticker SPRY on NASDAQ, the company targets at-risk patients with severe allergies, healthcare providers, and caregivers, offering a patient-friendly alternative to traditional injectable epinephrine products. Recent significant developments for ARS Pharmaceuticals include a strategic licensing agreement with ALK-Abelló A/S, under which ARS received an upfront payment of $145 million and is eligible for up to $320 million in regulatory and commercial milestone payments plus tiered royalties. This partnership assigns ALK responsibility for marketing, local market access, and sales of the neffy® product. In 2025, ARS launched a national direct-to-consumer advertising campaign to increase product awareness, contributing to a 180% increase in weekly prescription volumes of neffy® in the U.S. Furthermore, the company initiated a Phase 2b clinical trial for the treatment of acute flares in chronic spontaneous urticaria, enrolling patients across the U.S. and Europe, with topline data expected in early 2026. ARS has also secured broad commercial payer coverage, achieving 93% commercial coverage in the U.S. including 57% without prior authorization, substantially reducing administrative barriers for providers. Overall, ARS Pharmaceuticals delivers comprehensive allergy treatment solutions through its flagship neffy® nasal spray, supported by robust clinical development programs, strong commercial partnerships, and expanding market access across North America and Europe. The company’s financial position and strategic initiatives position it for continued growth in the biopharmaceutical allergy treatment sector.

Company News

MCPAPIChat
  • ARS Pharmaceuticals: Still A Buy As Neffy Access Improves

  • ARS Pharmaceuticals, Inc. (SPRY) Q1 2026 Earnings Call Transcript

  • ARS Pharmaceuticals Q1 Earnings Call Highlights

  • ARS Pharmaceuticals, Inc. (SPRY) Reports Q1 Loss, Beats Revenue Estimates

  • ARS Pharmaceuticals Reports First Quarter 2026 Financial Results and Corporate Update

  • ARS Pharmaceuticals Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

  • ARS Pharmaceuticals Strengthens Leadership Team with Appointment of Industry Veteran Donn Casale as President

  • ARS Pharmaceuticals Announces Conference Call and Webcast for its First Quarter 2026 Financial Results

  • Earnings Preview: ARS Pharmaceuticals, Inc. (SPRY) Q1 Earnings Expected to Decline

  • ARS Pharmaceuticals, Inc. (SPRY) Soars 7.1%: Is Further Upside Left in the Stock?

  • neffy® (epinephrine nasal spray) Approved in Canada as the First and Only Needle-Free Emergency Treatment of Allergic Reactions (anaphylaxis)

  • ARS Pharmaceuticals Receives FDA Approval to Remove Age Requirement From neffy® 1 mg (epinephrine nasal spray) Label

  • Bamco Inc. NY Buys 1,228,532 Shares of ARS Pharmaceuticals, Inc. $SPRY

  • ARS Pharmaceuticals: Neffy's Slow Launch, No Guidance For 2026 Keep Me On Sidelines

  • ARS Pharmaceuticals, Inc. (SPRY) Q4 2025 Earnings Call Transcript

  • ARS Pharmaceuticals, Inc. (SPRY) Reports Q4 Loss, Beats Revenue Estimates

  • ARS Pharmaceuticals Reports Fourth Quarter and Full Year 2025 Financial Results and Updates on neffy® (epinephrine nasal spray) Commercialization

  • ARS Pharmaceuticals, Inc. (SPRY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

  • ARS Pharmaceuticals Announces Conference Call and Webcast for its Fourth Quarter and Full Year 2025 Financial Results and Participation at Upcoming Conferences

  • Got $300? 2 Biotech Stocks to Buy and Hold Forever