ARS Pharmaceuticals, Inc.

ARS Pharmaceuticals, Inc.

SPRY
ARS Pharmaceuticals, Inc.US flagNASDAQ Global Market
4.15
USD
-0.03
- -
412.11MMarket 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
1.18
Basic EPS, GAAP
-0.01
-0.22
-0.87
-0.57
0.08
-1.74
-2.17
Free Cash Flow per Basic Share
0.1
-0.19
-1.01
-0.62
0.13
-1.74
-1.98
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.15
-0.33
2.9
2.39
2.62
1.15
0.13
Tangible Book Value per Share
-0.15
-0.33
2.9
2.39
2.55
1.01
-0.01
Basic Weighted Avg Shares
94
94
40
95
97
99
99
Sales/Revenue/Turnover
18
6
1
- -
89
84
117
Operating Margin (%)
-2.63
-353.32
-2,698.78
-225,066.67
-3.46
-212.92
-184.96
Depreciation Expense
- -
- -
- -
-7
-7
-4
-2
Net Income, GAAP
-1
-20
-35
-54
8
-171
-215
Effective Tax Rate (%)
- -
- -
- -
- -
3.48
- -
- -
Profit Margin (%)
-5.97
-367.65
-2,635.41
-181,216.67
8.97
-203.25
-184.24
Working Capital
18
53
272
229
311
246
151
LT Debt
7
5
- -
- -
- -
96
97
Total Equity
-14
-31
273
231
257
114
13
Return on Invested Capital (%)
- -
- -
- -
- -
-1.22
- -
- -
Return on Capital (%)
- -
- -
- -
- -
3.28
- -
- -
Return on Common Equity (%)
- -
- -
- -
-21.59
3.28
-92.33
-210.35

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
96
97
97
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
99
99
Market Capitalization
1,157
797
796

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
285
245
212
Cash, Cash Equivalents & STI
245
201
144
Accounts Receivable, Net
25
29
47
Inventories
8
9
12
Total Current Liabilities
39
50
61
Payables & Accruals
38
48
60
ST Debt
- -
- -
- -
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
34
- -
- -
- -

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
-0.63
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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

Company Description

CEO
Donn Casale
Full Time Employees
195
Sector
Healthcare
Industry
Biotechnology
Address
11682 El Camino Real 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

  • Bragar Eagel & Squire, P.C. Reminds ARS Pharmaceuticals Investors to Contact the Firm Before October 5th Seeking Lead Plaintiff Role

  • Kaplan Fox Notifies ARS Pharmaceuticals Inc. (SPRY) Investors of a Securities Class Action Lawsuit - Deadline is October 5, 2026

  • Bronstein, Gewirtz & Grossman LLC Urges ARS Pharmaceuticals Inc. Investors to Act: Class Action Filed Alleging Investor Harm

  • SPRY Shareholder Alert: October 5, 2026 Lead Plaintiff Deadline in ARS Pharmaceuticals Inc. Securities Class Action - Contact SueWallSt

  • SPRY Investors Have Opportunity to Lead ARS Pharmaceuticals, Inc. Securities Fraud Lawsuit with SBS Law

  • SPRY UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds ARS Pharmaceuticals Investors of Securities Class Action Lawsuit Deadline on October 5, 2026

  • ARS PHARMACEUTICALS DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SPRY

  • Kaplan Fox Announces a Securities Class Action Against ARS Pharmaceuticals Inc. (SPRY) - Lead Plaintiff Deadline is October 5, 2026

  • SPRY Investor Alert: ARS Pharmaceuticals Inc. Securities Class Action Notice - Contact Levi & Korsinsky

  • Kaplan Fox Reminds ARS Pharmaceuticals Inc. (NASDAQ: SPRY) Investors with Significant Losses to Seek a Leadership Role Before Deadline on October 5, 2026

  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in ARS Pharmaceuticals, Inc. of Class Action Lawsuit and Upcoming Deadlines – SPRY

  • ARS PHARMACEUTICALS DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPRY

  • Kaplan Fox Encourages Investors of ARS Pharmaceuticals Inc. (SPRY) to Act Ahead of the Lead Plaintiff Deadline on October 5, 2026

  • SPRY Deadline Alert: SueWallSt Reminds ARS Pharmaceuticals Inc. (SPRY) Investors of Securities Class Action Deadline on October 5, 2026

  • SPRY EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds ARS Pharmaceuticals Investors of Securities Class Action Lawsuit Deadline on October 5, 2026

  • ARS Pharmaceuticals, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SPRY

  • ARS Pharmaceuticals, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SPRY

  • ARS PHARMACEUTICALS DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - SPRY

  • SPRY Deadline: SPRY Investors Have Opportunity to Lead ARS Pharmaceuticals, Inc. Securities Fraud Lawsuit

  • SPRY Stockholders with Large Losses Should Contact Robbins LLP About Leading the ARS Pharmaceuticals Inc. Class Action Before the October 5, 2026 Deadline