ARS Pharmaceuticals (SPRY) EBITDA (2020 - 2026)

ARS Pharmaceuticals' (SPRY) quarterly EBITDA came in at -$60.8 million in Q1 2026, down 78.48% year-on-year from -$282.7 million in Q1 2025, and down 47.7% quarter-over-quarter from -$41.2 million in Q4 2025.

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

ARS Pharmaceuticals has disclosed EBITDA across 7 years of filings, most recently posting -$60.8 million for Q1 2026.

  • EBITDA for Q1 2026 came in at -$60.8 million, down 78.48% year-over-year; the trailing twelve-month figure through Mar 2026 was -$198.1 million (down 1182.15% YoY), and the FY2025 annual result was -$171.4 million, down 2198.09% from the prior year.
  • EBITDA came in at -$60.8 million for Q1 2026 at ARS Pharmaceuticals, down from -$41.2 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $49.8 million in Q4 2024 to a low of -$60.8 million in Q1 2026.
  • The 5-year median for EBITDA is -$14.8 million (2023), against an average of -$18.4 million.
  • Across the five-year window, EBITDA soared 815.94% in 2024 and sank 258.95% in 2025, its largest moves.
  • ARS Pharmaceuticals' EBITDA stood at -$14.0 million in 2022, then soared by 50.38% to -$7.0 million in 2023, then jumped by 815.94% to $49.8 million in 2024, then tumbled by 182.69% to -$41.2 million in 2025, then slumped by 47.7% to -$60.8 million in 2026.
  • The last three EBITDA figures came in at -$60.8 million (Q1 2026), -$41.2 million (Q4 2025), and -$51.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -26.92 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -13.63 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -19.70 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -14.44 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -752,618.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.96 Bn 91.96 Bn - -65.83 Mn
10 ARS Pharmaceuticals 954.24 Mn 753.27 Mn - -60.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -60.84 Mn
Dec 31, 2025 -41.19 Mn
Sep 30, 2025 -51.11 Mn
Jun 30, 2025 -45.00 Mn
Mar 31, 2025 -34.09 Mn
Dec 31, 2024 49.82 Mn
Sep 30, 2024 -18.64 Mn
Jun 30, 2024 -12.54 Mn
Mar 31, 2024 -10.47 Mn
Dec 31, 2023 -6.96 Mn
Sep 30, 2023 -14.85 Mn
Jun 30, 2023 -17.62 Mn
Mar 31, 2023 -15.30 Mn
Dec 31, 2022 -14.02 Mn
Sep 30, 2022 -6.58 Mn
Jun 30, 2022 -6.42 Mn
Mar 31, 2022 -7.25 Mn
Dec 31, 2021 45.81 Mn
Sep 30, 2021 -22.69 Mn
Jun 30, 2021 -24.50 Mn