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ARS Pharmaceuticals, Inc. SPRY Contract Liabilities

Contract Liabilities at other companies

Aquestive Therapeutics, Inc. logo
Aquestive Therapeutics, Inc.AQST
$18.85M-5.5%

Other financials

Income statement

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Revenue$22.7M+184%
Operating income-$60.1M-61.8%
Net income-$60.6M-78.6%
EPS (diluted)-$0.61-74.3%

Balance sheet

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Cash & equivalents$24.3M-39.0%
Total debt$96.5M+132,122%
Total equity$61.3M-73.2%
Total assets$287.6M-12.1%

Cash flow

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Operating cash flow-$44.9M-10.3%
CapEx--100%
Free cash flow-$44.9M-10.1%

Valuation

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Market cap$611.71M-63.5%
Enterprise value$683.91M-57.7%
P/S6.2×-8.7×

Profitability

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Operating margin-204.5%
Net margin-200%-219pp
FCF margin-177.1%-206pp

Returns & leverage

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Return on equity-136.4%-144pp
Debt / equity1.6×+1.6×
Current ratio4.9×-6.1×

Where this comes from

Reported directly by ARS Pharmaceuticals, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: ARS Pharmaceuticals, Inc.’s 10-Q, filed May 15, 2026.

Filed
May 15, 2026, 6:17 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-225142
Line itemMarch 31, 2026December 31, 2025
Total current liabilities49,61239,145
Term loans, net (including related party amounts of $4,826 and $4,819, respectively)96,52296,374
Financing liability74,67372,140
Contract liability, net of current portion9781,130
Other accrued liabilities4,4784,605
Total liabilities226,263213,394
Commitments and contingencies (Note 9)
Stockholders’ equity

Item 1. Financial Statements

FAQ

What is ARS Pharmaceuticals, Inc.'s contract liabilities?
ARS Pharmaceuticals, Inc. (SPRY) reported contract liabilities of $978K in Q1 2026.
How has ARS Pharmaceuticals, Inc.'s contract liabilities changed year-over-year?
ARS Pharmaceuticals, Inc.'s contract liabilities decreased by 27.0% year-over-year, from $1.34M to $978K.
What is the long-term trend for ARS Pharmaceuticals, Inc.'s contract liabilities?
Over 4 years (2021 to 2025), ARS Pharmaceuticals, Inc.'s contract liabilities has grown at a -21.6% compound annual growth rate (CAGR), from $3M to $1.13M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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