ARS Pharmaceuticals (SPRY) Operating Margin (2022 - 2026)

ARS Pharmaceuticals (SPRY) reported Operating Margin of 265.18% for Q1 2026, up 20111.0% on a YoY basis from N/an in Q1 2025, and down 79.62% sequentially from 147.63% in Q4 2025.

ARS Pharmaceuticals (SPRY) Operating Margin (2022 - 2026) Analysis & Trends

ARS Pharmaceuticals (SPRY) has 5 years of Operating Margin data on file, last reported at 265.18% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 20111.0% year-over-year to 265.18%; the trailing twelve-month figure through Mar 2026 stood at 204.49% (down 17662.0% YoY), and the FY2025 full-year result was 212.92%, down 20947.0% from the prior year.
  • Operating Margin retreated to 265.18% in Q1 2026, from 147.63% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 54.51% in Q4 2024 to a low of 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.
  • Across the five-year window, Operating Margin slumped 20466276 bps in 2023 and soared 20296200 bps in 2024, its largest moves.
  • Tracing SPRY's Operating Margin over 5 years: stood at 3507.94% in 2022, then tumbled by 5773 bps to 206030.0% in 2023, then soared by 100 bps to 54.51% in 2024, then tumbled by 371 bps to 147.63% in 2025, then tumbled by 80 bps to 265.18% in 2026.
  • Business Quant data shows SPRY's Operating Margin at 265.18% in Q1 2026, 147.63% in Q4 2025, and 163.66% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 16.51%
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 38.10%
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 17.83%
7 Belite Bio 61.40 Bn 61.40 Bn - -
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 30.35%
9 Revolution Medicines 37.37 Bn 37.37 Bn - -
10 ARS Pharmaceuticals 595.78 Mn 394.81 Mn - -265.18%

Historic Data

Download Data
DateValue
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%