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| Date | Value |
|---|---|
| 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 |