ARS Pharmaceuticals (SPRY) Free Cash Flow (2020 - 2026)

ARS Pharmaceuticals' (SPRY) quarterly Free Cash Flow came in at -$44.9 million in Q1 2026, down 10.07% year-on-year from -$50.0 million in Q1 2025, and down 3.36% quarter-over-quarter from -$43.5 million in Q4 2025.

ARS Pharmaceuticals (SPRY) Free Cash Flow (2020 - 2026) Analysis & Trends

ARS Pharmaceuticals has disclosed Free Cash Flow across 7 years of filings, most recently posting -$44.9 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$44.9 million, down 10.07% year-over-year; the trailing twelve-month figure through Mar 2026 was -$175.3 million (down 732.67% YoY), and the FY2025 annual result was -$171.2 million, down 1418.48% from the prior year.
  • Free Cash Flow came in at -$44.9 million for Q1 2026 at ARS Pharmaceuticals, down from -$43.5 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $41.5 million in Q4 2024 to a low of -$45.4 million in Q2 2025.
  • The 5-year median for Free Cash Flow is -$14.6 million (2024), against an average of -$17.8 million.
  • Across the five-year window, Free Cash Flow surged 337.45% in 2024 and plunged 530.36% in 2025, its largest moves.
  • ARS Pharmaceuticals' Free Cash Flow stood at -$20.5 million in 2022, then grew by 14.75% to -$17.5 million in 2023, then jumped by 337.45% to $41.5 million in 2024, then sank by 204.71% to -$43.5 million in 2025, then slipped by 3.36% to -$44.9 million in 2026.
  • The last three Free Cash Flow figures came in at -$44.9 million (Q1 2026), -$43.5 million (Q4 2025), and -$41.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -1.67 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -12.20 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -2.49 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.96 Bn 91.96 Bn - 63,220.27
10 ARS Pharmaceuticals 954.24 Mn 753.27 Mn - -44.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -44.95 Mn
Mar 31, 2026 -44.95 Mn
Dec 31, 2025 -43.49 Mn
Dec 31, 2025 -43.49 Mn
Sep 30, 2025 -41.53 Mn
Sep 30, 2025 -41.53 Mn
Jun 30, 2025 -45.36 Mn
Jun 30, 2025 -45.36 Mn
Mar 31, 2025 -40.83 Mn
Mar 31, 2025 -40.83 Mn
Dec 31, 2024 41.53 Mn
Dec 31, 2024 41.53 Mn
Sep 30, 2024 -14.55 Mn
Sep 30, 2024 -14.55 Mn
Jun 30, 2024 -7.20 Mn
Jun 30, 2024 -7.20 Mn
Mar 31, 2024 -6.79 Mn
Mar 31, 2024 -6.79 Mn
Dec 31, 2023 -17.49 Mn
Dec 31, 2023 -17.49 Mn