Where do ARS Pharmaceuticals, Inc.'s ratios come from?

Every ratio is computed from ARS Pharmaceuticals, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	-204.5%—	-212.9%—	——	——	——
Net margin	-200%-184pp	-203.3%-212pp	-56.1%+1,856pp	-42.7%+8,926pp	-16.1%+496,944pp
Returns
Return on equity	-136.4%-129pp	-92.3%-95.6pp	-45.9%-23.5pp	-23.6%-4.2pp	-6.9%+13.6pp
Return on invested capital	-125.5%-85.0pp	-95.6%-70.2pp	-78.3%-42.5pp	-65%-28.3pp	-40.4%-4.1pp
Efficiency
Asset turnover	0.3×0.0×	0.2×-0.1×	0.5×+0.5×	0.4×+0.4×	0.4×—
Liquidity
Current ratio	4.9×-6.1×	7.3×-7.0×	6.7×-5.9×	6.2×-26.7×	11×-49.9×
Leverage
Debt-to-equity	1.6×+1.6×	0.8×+0.8×	0.7×+0.7×	0×0.0×	0×0.0×
Per Share
Book value per share	$0.62-73.6%	$1.16-53.8%	$1.49-27.8%	$1.96-12.0%	$2.34+0.6%
Valuation
Market capitalization	$1.05B-32.6%	$1.15B+12.3%	$993.2M-29.3%	$1.65B+101%	$1.23B+25.3%
Price / sales	10.6×-5.4×	13.7×+2.2×	7×-540×	14.7×-1,628×	12.7×-98,523×
Price / book	17.1×+10.3×	10.1×+6.1×	6.7×-0.3×	8.6×+4.8×	5.4×+1.0×

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Where do ARS Pharmaceuticals, Inc.'s ratios come from?: Every ratio is computed from ARS Pharmaceuticals, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.