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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
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:InventoryNoncurrent.

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
Inventories8,8178,369
Prepaid expenses and other current assets6,7886,194
Total current assets245,236284,896
Inventories, noncurrent23,22123,053
Property, plant and equipment, net2,2852,465
Intangible assets, net14,17614,452
Other assets2,6532,786
Total assets$287,571$327,652

Item 1. Financial Statements

FAQ

What is ARS Pharmaceuticals, Inc.'s inventories?
ARS Pharmaceuticals, Inc. (SPRY) reported inventories of $23.22M in Q1 2026.
How has ARS Pharmaceuticals, Inc.'s inventories changed year-over-year?
ARS Pharmaceuticals, Inc.'s inventories increased by 94.5% year-over-year, from $11.94M to $23.22M.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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