ARS Pharmaceuticals (SPRY) Invested Capital (2020 - 2026)
ARS Pharmaceuticals (SPRY) recorded Invested Capital of $87.44 million in Q2 2026, down 66.9% from $264.28 million a year earlier and down 35.7% from the prior quarter.
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Analysis
ARS Pharmaceuticals (SPRY) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, ARS Pharmaceuticals reported Invested Capital of $186.4 million, down 42.9% from FY2024.
- Across earlier years, Invested Capital came in at $326.18 million in FY2024 (+41.4%), $230.76 million in FY2023 (-15.4%), $272.89 million in FY2022 and -$22.86 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Invested Capital since Q4 2021.
- On a year-over-year basis, Invested Capital has declined for three consecutive quarters, with an average decline of 30.7% over the last four quarters.
- Per Business Quant, the preceding three quarters came in at $135.98 million (Q1 2026), $186.4 million (Q4 2025) and $219.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 134.01 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 64.89 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 95.89 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 79.44 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 50.26 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 68.99 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 38.08 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 148.69 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | - |
| 10 | ARS Pharmaceuticals | 428.58 Mn | 284.78 Mn | 20.81 Mn | 87.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 87.44 Mn |
| Mar 31, 2026 | 135.98 Mn |
| Dec 31, 2025 | 186.40 Mn |
| Sep 30, 2025 | 219.70 Mn |
| Jun 30, 2025 | 264.28 Mn |
| Mar 31, 2025 | 298.36 Mn |
| Dec 31, 2024 | 326.18 Mn |
| Dec 31, 2023 | 230.76 Mn |
| Dec 31, 2022 | 272.89 Mn |
| Dec 31, 2021 | -22.86 Mn |
| Sep 30, 2021 | 332.13 Mn |
| Jun 30, 2021 | 349.65 Mn |
| Mar 31, 2021 | 369.04 Mn |
| Dec 31, 2020 | -13.21 Mn |
API Access
ARS Pharmaceuticals Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=SPRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "SPRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=SPRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();