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ARS Pharmaceuticals Inc

SPRY

NASDAQ

Biotechnology

$5.65

USD

-0.45 (-7.38%)

At close: Aug 14, 2026, 4:00 PM EDT

Market Cap $605.75M

Volume 5.0M

Price (USD)
Price (USD)

About ARS Pharmaceuticals Inc

ARS Pharmaceuticals, Inc. is a biopharmaceutical company, which focuses on the development of a novel, potentially first-in-class product candidate, neffy, for the emergency treatment of Type I allergic reactions including anaphylaxis. The company is headquartered in San Diego, California and currently employs 158 full-time employees. The company went IPO on 2020-12-04. The firm is commercializing neffy, an epinephrine nasal spray indicated in the United States for emergency treatment of Type I allergic reactions, including anaphylaxis, in adult patients and pediatric patients who weigh 33 lbs. or greater, and in the EU for emergency treatment of allergic reactions (anaphylaxis) due to insect stings or bites, foods, medicinal products, and other allergens as well as idiopathic or exercise induced anaphylaxis in adults and children who weigh 30 kg or greater. neffy is an FDA and European Commission (EC)-approved needle-free epinephrine product, and also has approvals in the United Kingdom, Japan, Australia, and China. The company is advancing its nasal spray development program across multiple Type I hypersensitivity reactions, including acute flares of urticaria.

CEO

Mr. Richard Lowenthal

HQ

San Diego, CALIFORNIA, US

Founded

2020

Employees

158

Quantli Score

8.4

Outperform

Fin. Health

8.1

Profitability

7.6

Growth

9.0

Cash-Flow Q.

8.8

Key Metrics

6 metrics our research team weighs before forming a view on SPRY.

Based on Quantli research · SEC filings · as of Q1 2026

METRIC

VALUE

CHANGE

TREND (3Y)

Revenue Growth (TTM)

1.9%

-971118.1 pp

Gross Margin (TTM)

74.1%

-23.7 pp

Operating Margin (TTM)

-204.5%

-176.6 pp

Net Margin (TTM)

-200.0%

-183.9 pp

ROE (TTM)

-322.9%

-316.1 pp

Free Cash Flow (TTM)

$-175.32M

Financial Snapshot

Full Financials

Revenue

$98.99M

+1.9%

YoY

Gross Margin

74%

TTM

-24.3%

YoY

Net Income

$-197.98M

-1165.0%

YoY

Operating Cash Flow

$-175.07M

-754.7%

YoY

Key Statistics

Open

$5.10

Previous Close

$6.10

Day Range

$5.00 - $5.84

52 Week Range

$4.91 - $15.72

Volume

5.0M

Average Volume (10 Days)

1.8M

Dividend Yield

Valuation Measurement

Market Cap

$605.75M

P/E Ratio (TTM)

P/S Ratio (TTM)

6.12

Price / Book

9.88

Financial Highlights

Profit Margin

-200.0%

Return on Assets

-68.8%

Return on Equity

-322.9%

Revenue (TTM)

$98.99M

Net Income (TTM)

$-197.98M

Diluted EPS (TTM)

-$2.00

Total Cash (MRQ)

$24.32M

Levered FCF (TTM)

$-175.32M

Turn research into action

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Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

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Earnings Calendar

Next Earnings

Estimated Q3 Release

Nov 09

Est. EPS

Adjusted consensus estimate

-$0.30

Analyst Consensus

Buy

Based on 2 analyst ratings

Avg Target: $27.00

(+377.9% upside)

High: $30.00 · Low: $24.00

Strong Buy

0%

Buy

100%

Hold

0%

Sell

0%

Strong Sell

0%

View full analyst ratings