ARS Pharmaceuticals (SPRY) Operating Margin (2022 - 2026)
ARS Pharmaceuticals (SPRY) posted Operating Margin of 265.18% for Q1 2026, down 79.62% sequentially from 147.63% in Q4 2025, and up 20111.0% YoY from N/an in Q1 2025.
Analysis
ARS Pharmaceuticals (SPRY) Operating Margin (2022 - 2026) Analysis & Trends
ARS Pharmaceuticals has reported Operating Margin for 5 years, with the latest figure at 265.18% in Q1 2026.
- Quarterly Operating Margin rose 20111.0% year-over-year to 265.18% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 204.49% (down 17662.0% YoY) and the FY2025 annual result came in at 212.92%, down 20947.0% from the prior year.
- Operating Margin retreated to 265.18% in Q1 2026 per SPRY's latest filing, from 147.63% in the prior quarter.
- Over five years, Operating Margin peaked at 54.51% in Q4 2024 and troughed at 206030.0% in Q2 2023.
- A 5-year average of 23919.37% and a median of 1051.64% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 20466276 bps in 2023, then surged 20296200 bps in 2024.
- Over 5 years, Operating Margin stood at 3507.94% in 2022, then slumped by 5773 bps to 206030.0% in 2023, then soared by 100 bps to 54.51% in 2024, then slumped by 371 bps to 147.63% in 2025, then slumped by 80 bps to 265.18% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 265.18%, 147.63%, and 163.66% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 37.40% |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 30.15% |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | 32.54% |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | -562.07% |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | - |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 19.06% |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 17.93% |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 19.75% |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | -0.36% |
| 10 | ARS Pharmaceuticals | 561.12 Mn | 417.27 Mn | 20.81 Mn | -182.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -182.62% |
| Mar 31, 2026 | -265.18% |
| Dec 31, 2025 | -147.63% |
| Sep 30, 2025 | -163.66% |
| Jun 30, 2025 | -302.95% |
| Mar 31, 2025 | -466.29% |
| Dec 31, 2024 | 54.51% |
| Sep 30, 2024 | -1,051.64% |
| Jun 30, 2024 | -3,068.00% |
| Jun 30, 2023 | -206,030.00% |
| Mar 31, 2023 | -93,565.00% |
| Sep 30, 2022 | -3,507.94% |
| Jun 30, 2022 | -1,367.24% |
| Mar 31, 2022 | -1,070.74% |