Growth Metrics

ARS Pharmaceuticals (SPRY) Operating Expenses (2021 - 2025)

ARS Pharmaceuticals (SPRY) has disclosed Operating Expenses for 5 consecutive years, with $69.6 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 76.6% to $69.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $263.7 million through Dec 2025, up 185.94% year-over-year, with the annual reading at $263.7 million for FY2025, 185.94% up from the prior year.
  • Operating Expenses hit $69.6 million in Q4 2025 for ARS Pharmaceuticals, down from $85.7 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 -$41.1 million in Q4 2021.
  • Historically, Operating Expenses has averaged $24.3 million across 5 years, with a median of $18.8 million in 2021.
  • Biggest five-year swings in Operating Expenses: crashed 72.22% in 2022 and later skyrocketed 299.82% in 2025.
  • Year by year, Operating Expenses stood at -$41.1 million in 2021, then skyrocketed by 137.56% to $15.4 million in 2022, then crashed by 33.78% to $10.2 million in 2023, then skyrocketed by 285.14% to $39.4 million in 2024, then soared by 76.6% to $69.6 million in 2025.
  • Business Quant data shows Operating Expenses for SPRY at $69.6 million in Q4 2025, $85.7 million in Q3 2025, and $63.3 million in Q2 2025.