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