ARS Pharmaceuticals (SPRY) EBITDA (2020 - 2026)

ARS Pharmaceuticals (SPRY) reported EBITDA of -$60.1 million for Q1 2026, down 61.78% on a YoY basis from -$157.4 million in Q1 2025, and down 45.05% sequentially from -$41.5 million in Q4 2025.

ARS Pharmaceuticals (SPRY) EBITDA (2020 - 2026) Analysis & Trends

ARS Pharmaceuticals (SPRY) has 7 years of EBITDA data on file, last reported at -$60.1 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 61.78% year-over-year to -$60.1 million; the trailing twelve-month figure through Mar 2026 stood at -$202.4 million (down 647.81% YoY), and the FY2025 full-year result was -$179.4 million, down 5720.56% from the prior year.
  • EBITDA slipped to -$60.1 million in Q1 2026, from -$41.5 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $47.2 million in Q4 2024 to a low of -$60.1 million in Q1 2026.
  • A 5-year average of -$20.3 million and a median of -$18.0 million in 2023 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA slumped 224.76% in 2023 and surged 561.54% in 2024, its largest moves.
  • Tracing SPRY's EBITDA over 5 years: stood at -$15.4 million in 2022, then surged by 33.78% to -$10.2 million in 2023, then surged by 561.54% to $47.2 million in 2024, then sank by 187.86% to -$41.5 million in 2025, then sank by 45.05% to -$60.1 million in 2026.
  • Business Quant data shows SPRY's EBITDA at -$60.1 million in Q1 2026, -$41.5 million in Q4 2025, and -$53.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -27.75 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 249.90 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 394.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -445.22 Mn
10 ARS Pharmaceuticals 595.78 Mn 394.81 Mn - -60.15 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -60.15 Mn
Dec 31, 2025 -41.47 Mn
Sep 30, 2025 -53.19 Mn
Jun 30, 2025 -47.61 Mn
Mar 31, 2025 -37.18 Mn
Dec 31, 2024 47.20 Mn
Sep 30, 2024 -21.75 Mn
Jun 30, 2024 -15.34 Mn
Mar 31, 2024 -13.19 Mn
Dec 31, 2023 -10.23 Mn
Sep 30, 2023 -17.98 Mn
Jun 30, 2023 -20.60 Mn
Mar 31, 2023 -18.71 Mn
Dec 31, 2022 -15.44 Mn
Sep 30, 2022 -6.63 Mn
Jun 30, 2022 -6.34 Mn
Mar 31, 2022 -7.10 Mn
Dec 31, 2021 46.62 Mn
Sep 30, 2021 -22.68 Mn
Jun 30, 2021 -24.51 Mn