ARS Pharmaceuticals (SPRY) Operating Expenses (2020 - 2026)
ARS Pharmaceuticals (SPRY) reported Operating Expenses of $82.8 million for Q1 2026, up 83.45% on a YoY basis from $45.2 million in Q1 2025, and up 19.09% sequentially from $69.6 million in Q4 2025.
ARS Pharmaceuticals (SPRY) Operating Expenses (2020 - 2026) Analysis & Trends
ARS Pharmaceuticals (SPRY) has 7 years of Operating Expenses data on file, last reported at $82.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 83.45% year-over-year to $82.8 million; the trailing twelve-month figure through Mar 2026 stood at $301.4 million (up 142.69% YoY), and the FY2025 full-year result was $263.7 million, up 185.94% from the prior year.
- Operating Expenses grew to $82.8 million in Q1 2026, from $69.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $85.7 million in Q3 2025 to a low of $6.8 million in Q2 2022.
- A 5-year average of $32.0 million and a median of $18.7 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 72.22% in 2022 and surged 299.82% in 2025, its largest moves.
- Tracing SPRY's Operating Expenses over 5 years: stood at $15.4 million in 2022, then tumbled by 33.78% to $10.2 million in 2023, then jumped by 285.14% to $39.4 million in 2024, then soared by 76.6% to $69.6 million in 2025, then climbed by 19.09% to $82.8 million in 2026.
- Business Quant data shows SPRY's Operating Expenses at $82.8 million in Q1 2026, $69.6 million in Q4 2025, and $85.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | ARS Pharmaceuticals | 595.78 Mn | 394.81 Mn | - | 82.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.83 Mn |
| Dec 31, 2025 | 69.55 Mn |
| Sep 30, 2025 | 85.69 Mn |
| Jun 30, 2025 | 63.33 Mn |
| Mar 31, 2025 | 45.15 Mn |
| Dec 31, 2024 | 39.38 Mn |
| Sep 30, 2024 | 23.82 Mn |
| Jun 30, 2024 | 15.84 Mn |
| Mar 31, 2024 | 13.19 Mn |
| Dec 31, 2023 | 10.23 Mn |
| Sep 30, 2023 | 17.98 Mn |
| Jun 30, 2023 | 20.61 Mn |
| Mar 31, 2023 | 18.73 Mn |
| Dec 31, 2022 | 15.44 Mn |
| Sep 30, 2022 | 6.82 Mn |
| Jun 30, 2022 | 6.81 Mn |
| Mar 31, 2022 | 7.76 Mn |
| Dec 31, 2021 | -41.12 Mn |
| Sep 30, 2021 | 22.68 Mn |
| Jun 30, 2021 | 24.51 Mn |