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ARS Pharmaceuticals, Inc. SPRY Free cash flow margin

Free cash flow margin at other companies

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17.1%

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-62.0%
Enterprise value$683.91M-56.1%
P/S6.2×-8.1×

Profitability

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Operating margin-204.5%
Net margin-200%-219pp

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

Calculated from ARS Pharmaceuticals, Inc.’s reported figures.

Based on trailing twelve months.

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

Filed
May 15, 2026, 6:17 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-225142

FAQ

What is ARS Pharmaceuticals, Inc.'s free cash flow margin?
ARS Pharmaceuticals, Inc. (SPRY) reported free cash flow margin of -177.1% in Q1 2026.
How has ARS Pharmaceuticals, Inc.'s free cash flow margin changed year-over-year?
ARS Pharmaceuticals, Inc.'s free cash flow margin decreased by 717.0% year-over-year, from -21.7% to -177.1%.
What is the long-term trend for ARS Pharmaceuticals, Inc.'s free cash flow margin?
Over 3 years (2022 to 2025), ARS Pharmaceuticals, Inc.'s free cash flow margin has grown at a -59.5% compound annual growth rate (CAGR), from -3,060.6% to -203.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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