Growth Metrics

ARS Pharmaceuticals (SPRY) EBIAT (2020 - 2026)

ARS Pharmaceuticals recorded quarterly EBIAT of -$60.6 million in Q1 2026, down 46.69% quarter-over-quarter from -$41.3 million in Q4 2025, and down 78.6% year-over-year from -$283.3 million in Q1 2025.

ARS Pharmaceuticals' EBIAT history runs 7 years deep, the most recent figure standing at -$60.6 million for Q1 2026.

  • In Q1 2026, EBIAT fell 78.6% year-over-year to -$60.6 million; the TTM figure through Mar 2026 stood at -$198.0 million (down 1165.02% YoY), while the FY2025 annual figure was -$171.3 million, down 2241.76% from the prior year.
  • EBIAT came in at -$60.6 million for Q1 2026 at ARS Pharmaceuticals, down from -$41.3 million in the prior quarter.
  • In the past five years, EBIAT ranged from a high of $49.9 million in Q4 2024 to a low of -$60.6 million in Q1 2026.
  • A 5-year average of -$18.4 million and a median of -$14.9 million in 2023 frame the typical range for EBIAT.
  • Across the five-year window, EBIAT soared 796.62% in 2024 and plunged 258.6% in 2025, its largest moves.
  • ARS Pharmaceuticals' EBIAT stood at -$14.4 million in 2022, then jumped by 50.32% to -$7.2 million in 2023, then surged by 796.62% to $49.9 million in 2024, then sank by 182.76% to -$41.3 million in 2025, then slumped by 46.69% to -$60.6 million in 2026.
  • According to Business Quant data, EBIAT over the past three periods registered -$60.6 million, -$41.3 million, and -$51.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIAT (Qtr)
1 Quantum Biopharma 1,216,509.61 Bn 1,216,509.61 Bn - -2.99 Mn
2 Alterity Therapeutics 764,224.41 Bn 764,224.38 Bn - -
3 Legend Biotech 2,716.00 Bn 2,715.71 Bn 242.10 Mn 30.90 Mn
4 Nanobiotix 2,248.83 Bn 2,248.77 Bn - -
5 Akari Therapeutics 1,951.18 Bn 1,951.17 Bn - -14.46 Mn
6 Vertex Pharmaceuticals 113.69 Bn 106.44 Bn 2.59 Bn 1.03 Bn
7 Evaxion A 64.16 Bn 64.14 Bn - -3.63 Mn
8 Regeneron Pharmaceuticals 63.94 Bn 55.18 Bn 3.31 Bn 727.20 Mn
9 Alnylam Pharmaceuticals 40.13 Bn 37.12 Bn 959.66 Mn 205.99 Mn
10 ARS Pharmaceuticals 900.62 Mn 699.65 Mn - -60.62 Mn

Historic Data

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DateValue
Mar 31, 2026 -60.62 Mn
Dec 31, 2025 -41.32 Mn
Sep 30, 2025 -51.15 Mn
Jun 30, 2025 -44.88 Mn
Mar 31, 2025 -33.94 Mn
Dec 31, 2024 49.93 Mn
Sep 30, 2024 -19.13 Mn
Jun 30, 2024 -12.52 Mn
Mar 31, 2024 -10.29 Mn
Dec 31, 2023 -7.17 Mn
Sep 30, 2023 -14.87 Mn
Jun 30, 2023 -17.37 Mn
Mar 31, 2023 -14.96 Mn
Dec 31, 2022 -14.43 Mn
Sep 30, 2022 -6.58 Mn
Jun 30, 2022 -6.42 Mn
Mar 31, 2022 -7.25 Mn
Dec 31, 2021 45.78 Mn
Sep 30, 2021 -22.66 Mn
Jun 30, 2021 -24.50 Mn
Mar 31, 2021 -18.87 Mn
Dec 31, 2020 -13.09 Mn
Sep 30, 2020 -8.12 Mn
Jun 30, 2020 -6.47 Mn
Mar 31, 2020 -5.28 Mn