ARS Pharmaceuticals (SPRY) Equity Ratio (2020 - 2026)

ARS Pharmaceuticals' (SPRY) quarterly Equity Ratio came in at 0.21 in Q1 2026, down 69.52% year-on-year from 0.7 in Q1 2025, and down 38.86% quarter-over-quarter from 0.35 in Q4 2025.

ARS Pharmaceuticals (SPRY) Equity Ratio (2020 - 2026) Analysis & Trends

ARS Pharmaceuticals has disclosed Equity Ratio across 7 years of filings, most recently posting 0.21 for Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.21, down 69.52% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.21 (down 69.52% YoY), and the FY2025 annual result was 0.35, down 52.32% from the prior year.
  • Equity Ratio came in at 0.21 for Q1 2026 at ARS Pharmaceuticals, down from 0.35 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.99 in Q4 2023 to a low of 0.19 in Q3 2022.
  • The 5-year median for Equity Ratio is 0.73 (2024), against an average of 0.6.
  • Across the five-year window, Equity Ratio slumped 119.64% in 2022 and surged 886.58% in 2023, its largest moves.
  • ARS Pharmaceuticals' Equity Ratio stood at 0.97 in 2022, then climbed by 2.06% to 0.99 in 2023, then slipped by 26.1% to 0.73 in 2024, then sank by 52.32% to 0.35 in 2025, then sank by 38.86% to 0.21 in 2026.
  • The last three Equity Ratio figures came in at 0.21 (Q1 2026), 0.35 (Q4 2025), and 0.4 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 191.07
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 0.98
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 0.04
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 0.58
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 0.42
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 0.73
9 Abivax 91.96 Bn 91.96 Bn - 0.79
10 ARS Pharmaceuticals 954.24 Mn 753.27 Mn - 0.21

Historic Data

Download Data
DateValue
Mar 31, 2026 0.21
Dec 31, 2025 0.35
Sep 30, 2025 0.40
Jun 30, 2025 0.61
Mar 31, 2025 0.70
Dec 31, 2024 0.73
Sep 30, 2024 0.92
Jun 30, 2024 0.97
Mar 31, 2024 0.98
Dec 31, 2023 0.99
Sep 30, 2023 0.95
Jun 30, 2023 0.96
Mar 31, 2023 0.96
Dec 31, 2022 0.97
Sep 30, 2022 -0.19
Jun 30, 2022 -0.15
Mar 31, 2022 -0.12
Dec 31, 2021 -0.51
Sep 30, 2021 0.94
Jun 30, 2021 0.95