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ARS Pharmaceuticals, Inc. (SPRY) 10-Year Financial Performance & Capital Metrics

SPRY • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesDiagnostics & Immune Monitoring
AboutARS Pharmaceuticals, Inc. develops ARS-1, a novel intranasal epinephrine spray with absorption technology for patients and their families at-risk of severe allergic reactions to food, medications, and insect bites. Its product includes Neffy, a low-dose intranasal epinephrine nasal spray. The company was incorporated in 2015 and is based in San Diego, California.Show more
  • Revenue $89M +297063.3%
  • EBITDA -$3M +95.5%
  • Net Income $8M +114.7%
  • EPS (Diluted) 0.08 +113.7%
  • Gross Margin 76.94% -23.1%
  • EBITDA Margin -3.37% +100.0%
  • Operating Margin -3.46% +100.0%
  • Net Margin 8.97% +100.0%
  • ROE 3.28% +115.2%
  • ROIC -1.26% +97.2%
  • Debt/Equity 0.00 -86.2%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y152.98%
TTM5459.66%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-63%

EPS CAGR

10Y-
5Y-
3Y-
TTM-59.35%

ROCE

10Y Avg-61.52%
5Y Avg-21.93%
3Y Avg-16.44%
Latest-1.1%

Peer Comparison

Diagnostics & Immune Monitoring
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TECHBio-Techne Corporation10.9B69.96152.095.23%6.41%3.97%2.35%0.23
SPRYARS Pharmaceuticals, Inc.1.1B11.09142.002970.63%-56.06%-54.21%1.18%0.00
VCYTVeracyte, Inc.3.24B41.00132.2623.46%6.12%2.41%1.97%0.04
CSBRChampions Oncology, Inc.99.56M7.1721.7313.54%4.32%59.65%7.03%1.62
MDXGMiMedx Group, Inc.851.59M5.7520.548.52%10.38%17.09%7.58%0.13
LTRNLantern Pharma Inc.39.26M3.51-0.00-197.36%0.01
SEERSeer, Inc.107.44M1.91-1.37-8.13%-486.02%-29.19%0.08
IMDXInsight Molecular Diagnostics Inc.189.76M6.62-1.4225.15%-13.81%-14.81%

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0017.84M5.51M1.32M30K89.15M
Revenue Growth %----0.69%-0.76%-0.98%2970.63%
Cost of Goods Sold+1.42M1.55M14.07M213K0020.56M
COGS % of Revenue--0.79%0.04%--0.23%
Gross Profit+-1.42M-1.55M3.77M5.29M1.32M30K68.59M
Gross Margin %--0.21%0.96%1%1%0.77%
Gross Profit Growth %--0.09%3.44%0.41%-0.75%-0.98%2285.4%
Operating Expenses+16.9M22.52M4.23M24.75M36.83M67.55M71.67M
OpEx % of Revenue--0.24%4.49%27.99%2251.67%0.8%
Selling, General & Admin2.1M1.02M4.23M4.69M18.46M47.28M0
SG&A % of Revenue--0.24%0.85%14.02%1576.13%-
Research & Development14.8M21.5M14.07M20.27M18.38M20.27M19.58M
R&D % of Revenue--0.79%3.68%13.96%675.53%0.22%
Other Operating Expenses00-14.07M-213K0052.09M
Operating Income+-18.32M-24.07M-469K-19.45M-35.52M-67.52M-3.08M
Operating Margin %---0.03%-3.53%-26.99%-2250.67%-0.03%
Operating Income Growth %--0.31%0.98%-40.48%-0.83%-0.9%0.95%
EBITDA+-16.9M-22.52M-463K-19.24M-35.2M-67.45M-3M
EBITDA Margin %---0.03%-3.49%-26.75%-2248.23%-0.03%
EBITDA Growth %--0.33%0.98%-40.56%-0.83%-0.92%0.96%
D&A (Non-Cash Add-back)1.42M1.55M6K213K319K73K79K
EBIT-17.58M-23.97M-469K-19.45M-35.52M-67.52M-3.08M
Net Interest Income+0100K371K694K000
Interest Income43K100K400K800K000
Interest Expense0-29K106K000
Other Income/Expense741K100K-596K-789K834K13.15M11.37M
Pretax Income+-17.58M-23.97M-1.06M-20.24M-34.68M-54.37M8.29M
Pretax Margin %---0.06%-3.68%-26.35%-1812.17%0.09%
Income Tax+000000288K
Effective Tax Rate %1%1%1%1%1%1%0.97%
Net Income+-17.58M-23.97M-1.06M-20.24M-34.68M-54.37M8M
Net Margin %---0.06%-3.68%-26.35%-1812.17%0.09%
Net Income Growth %--0.36%0.96%-18.01%-0.71%-0.57%1.15%
Net Income (Continuing)-17.58M-23.97M-1.06M-20.24M-34.68M-54.37M8M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.53-0.72-0.03-0.70-0.87-0.570.08
EPS Growth %--0.36%0.96%-21.8%-0.24%0.34%1.14%
EPS (Basic)-0.53-0.72-0.03-0.70-0.87-0.570.08
Diluted Shares Outstanding33.07M33.07M34.7M28.87M39.96M95.22M102.39M
Basic Shares Outstanding33.07M33.07M34.7M28.87M39.96M95.22M96.94M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+20.78M10.53M26.38M60.73M277.7M231.56M334.3M
Cash & Short-Term Investments20.16M9.98M24.52M60.06M274.38M228.36M314.02M
Cash Only20.16M9.98M24.52M60.06M210.52M70.97M50.82M
Short-Term Investments000063.86M157.39M263.2M
Accounts Receivable00384K1K0795K9.16M
Days Sales Outstanding--7.860.07-9.67K37.51
Inventory0000005.21M
Days Inventory Outstanding------92.54
Other Current Assets618K552K001.01M01.23M
Total Non-Current Assets+6.77M5.12M25K716K3.73M1.63M16.86M
Property, Plant & Equipment6.02M4.57M23K693K774K824K1.07M
Fixed Asset Turnover--775.43x7.95x1.70x0.04x83.63x
Goodwill0000000
Intangible Assets0000007.68M
Long-Term Investments750K550K00000
Other Non-Current Assets002K23K2.96M801K8.11M
Total Assets+27.55M15.65M26.41M61.45M281.44M233.19M351.15M
Asset Turnover--0.68x0.09x0.00x0.00x0.25x
Asset Growth %--0.43%0.69%1.33%3.58%-0.17%0.51%
Total Current Liabilities+5.14M17.93M8.21M8.19M5.44M2.39M23.44M
Accounts Payable775K3.52M1.22M1.79M1.66M759K9.87M
Days Payables Outstanding199.21830.5831.623.06K--175.25
Short-Term Debt3.53M12.3M2.56M3.48M0237K0
Deferred Revenue (Current)001000K1000K00557K
Other Current Liabilities841K2.11M0660K1.46M1.08M2.29M
Current Ratio4.04x0.59x3.21x7.42x51.01x96.85x14.26x
Quick Ratio4.04x0.59x3.21x7.42x51.01x96.85x14.04x
Cash Conversion Cycle-------45.19
Total Non-Current Liabilities+4.21M3.32M32.25M84.53M3.1M37K70.92M
Long-Term Debt007.46M4.93M000
Capital Lease Obligations4.21M3.32M0480K251K37K0
Deferred Tax Liabilities0000000
Other Non-Current Liabilities0021.35M76.12M2.85M069.38M
Total Liabilities9.35M21.25M40.46M92.72M8.55M2.43M94.36M
Total Debt+7.73M15.62M10.02M9.03M481K274K42K
Net Debt-12.43M5.64M-14.5M-51.03M-210.04M-70.7M-50.77M
Debt / Equity0.43x---0.00x0.00x0.00x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage---16.17x-183.53x---
Total Equity+18.2M-5.6M-14.05M-31.27M272.89M230.76M256.8M
Equity Growth %--1.31%-1.51%-1.23%9.73%-0.15%0.11%
Book Value per Share0.55-0.17-0.40-1.086.832.422.51
Total Shareholders' Equity18.2M-5.6M-14.05M-31.27M272.89M230.76M256.8M
Common Stock00223K3K9K10K10K
Retained Earnings-39.82M-63.79M-22.01M-42.26M-76.94M-131.3M-123.31M
Treasury Stock0000000
Accumulated OCI0000407K49K220K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-16.88M-18.9M9.07M-17.56M-40.08M-59.27M13.55M
Operating CF Margin %--0.51%-3.19%-30.45%-1975.53%0.15%
Operating CF Growth %--0.12%1.48%-2.94%-1.28%-0.48%1.23%
Net Income-17.58M-23.97M-1.06M-20.24M-34.68M-54.37M8M
Depreciation & Amortization1.42M1.55M6K213K319K73K-7.17M
Stock-Based Compensation003.54M2.83M5.84M9.23M14.53M
Deferred Taxes001K0000
Other Non-Cash Items2.04M223K121K-4K1.2M-6.88M0
Working Capital Changes-433K3.3M6.46M-356K-12.75M-7.33M-1.81M
Change in Receivables000000-8.18M
Change in Inventory000000-5.95M
Change in Payables513K4.01M1.79M0-10.29M-2.78M16.43M
Cash from Investing+-449K-96K-917K-55K-199K-87.18M-106.1M
Capital Expenditures-449K-96K-917K-55K-199K-175K-563K
CapEx % of Revenue--0.05%0.01%0.15%5.83%0.01%
Acquisitions-------
Investments-------
Other Investing000000-7.5M
Cash from Financing+19.4M8.61M5.1M53.16M190.73M6.9M72.4M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing00-409.11M169K198.84M00
Net Change in Cash-------
Free Cash Flow+-17.32M-18.99M8.15M-17.62M-40.28M-59.44M12.98M
FCF Margin %--0.46%-3.2%-30.61%-1981.37%0.15%
FCF Growth %--0.1%1.43%-3.16%-1.29%-0.48%1.22%
FCF per Share-0.52-0.570.23-0.61-1.01-0.620.13
FCF Conversion (FCF/Net Income)0.96x0.79x-8.52x0.87x1.16x1.09x1.69x
Interest Paid00325K576K366K00
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-96.6%-380.61%---28.71%-21.59%3.28%
Return on Invested Capital (ROIC)--621.14%----45.43%-1.26%
Gross Margin--21.11%96.13%100%100%76.94%
Net Margin---5.97%-367.65%-2635.41%-181216.67%8.97%
Debt / Equity0.43x---0.00x0.00x0.00x
Interest Coverage---16.17x-183.53x---
FCF Conversion0.96x0.79x-8.52x0.87x1.16x1.09x1.69x
Revenue Growth----69.13%-76.1%-97.72%297063.33%

Revenue by Segment

2024
Product7.25M
Product Growth-

Frequently Asked Questions

Valuation & Price

ARS Pharmaceuticals, Inc. (SPRY) has a price-to-earnings (P/E) ratio of 142.0x. This suggests investors expect higher future growth.

Growth & Financials

ARS Pharmaceuticals, Inc. (SPRY) reported $142.8M in revenue for fiscal year 2024.

ARS Pharmaceuticals, Inc. (SPRY) grew revenue by 297063.3% over the past year. This is strong growth.

ARS Pharmaceuticals, Inc. (SPRY) reported a net loss of $80.0M for fiscal year 2024.

Dividend & Returns

ARS Pharmaceuticals, Inc. (SPRY) has a return on equity (ROE) of 3.3%. This is below average, suggesting room for improvement.

ARS Pharmaceuticals, Inc. (SPRY) had negative free cash flow of $86.0M in fiscal year 2024, likely due to heavy capital investments.

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