Growth Metrics

ARS Pharmaceuticals (SPRY) EBT (2020 - 2026)

ARS Pharmaceuticals recorded quarterly EBT of -$62.6 million in Q1 2026, down 161.36% quarter-over-quarter from $102.0 million in Q4 2025, and down 68.35% year-over-year from -$197.7 million in Q1 2025.

ARS Pharmaceuticals' EBT history runs 7 years deep, the most recent figure standing at -$62.6 million for Q1 2026.

  • In Q1 2026, EBT fell 68.35% year-over-year to -$62.6 million; the TTM figure through Mar 2026 stood at -$61.4 million (down 126.83% YoY), while the FY2025 annual figure was -$171.4 million, down 2169.53% from the prior year.
  • EBT came in at -$62.6 million for Q1 2026 at ARS Pharmaceuticals, down from $102.0 million in the prior quarter.
  • In the past five years, EBT ranged from a high of $102.0 million in Q4 2025 to a low of -$62.6 million in Q1 2026.
  • A 5-year average of -$8.7 million and a median of -$15.4 million in 2022 frame the typical range for EBT.
  • On a YoY basis, EBT climbed as much as 397.08% in 2023 and fell as far as 224.76% in 2023.
  • ARS Pharmaceuticals' EBT stood at -$15.4 million in 2022, then surged by 397.08% to $45.9 million in 2023, then grew by 2.88% to $47.2 million in 2024, then surged by 116.1% to $102.0 million in 2025, then sank by 161.36% to -$62.6 million in 2026.
  • According to Business Quant data, EBT over the past three periods registered -$62.6 million, $102.0 million, and -$53.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (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 -19.60 Mn
4 Nanobiotix 2,248.83 Bn 2,248.77 Bn - -
5 Akari Therapeutics 1,951.18 Bn 1,951.17 Bn - -15.31 Mn
6 Vertex Pharmaceuticals 113.69 Bn 106.44 Bn 2.59 Bn 1.25 Bn
7 Evaxion A 64.16 Bn 64.14 Bn - -3.18 Mn
8 Regeneron Pharmaceuticals 63.94 Bn 55.18 Bn 3.31 Bn 831.20 Mn
9 Alnylam Pharmaceuticals 40.13 Bn 37.12 Bn 959.66 Mn 221.65 Mn
10 ARS Pharmaceuticals 900.62 Mn 699.65 Mn - -62.59 Mn

Historic Data

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DateValue
Mar 31, 2026 -62.59 Mn
Dec 31, 2025 101.99 Mn
Sep 30, 2025 -53.19 Mn
Jun 30, 2025 -47.61 Mn
Mar 31, 2025 -37.18 Mn
Dec 31, 2024 52.02 Mn
Sep 30, 2024 -21.75 Mn
Jun 30, 2024 -15.34 Mn
Mar 31, 2024 -13.19 Mn
Dec 31, 2023 45.88 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
Mar 31, 2021 -18.89 Mn
Dec 31, 2020 -13.10 Mn
Sep 30, 2020 -8.11 Mn
Jun 30, 2020 -6.46 Mn
Mar 31, 2020 -5.24 Mn