$9.05
+1.7%ARS Pharmaceuticals, Inc. develops ARS-1, a novel intranasal epinephrine spray with absorption technology for patients and their families at-risk of severe allergic reactions to food, medications, and insect bites. Its product includes Neffy, a low-dose intranasal epinephrine nasal spray. The company was incorporated in 2015 and is based in San Diego, California.
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
SPRY • NASDAQ
| ARS Pharmaceuticals, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
-171.3M | 8M | -54.4M | -34.7M | -20.2M | -1.1M | -24M | -17.6M | |
1.4M | -7.2M | 73K | 319K | 213K | 6K | 1.5M | 1.4M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1K | 0.0 | 0.0 | |
22.1M | 14.5M | 9.2M | 5.8M | 2.8M | 3.5M | 0.0 | 0.0 | |
-3M | 0.0 | -6.9M | 1.2M | -4K | 121K | 223K | 2M | |
-20M | -1.8M | -7.3M | -12.8M | -356K | 6.5M | 3.3M | -433K | |
-170.9M | 13.5M | -59.3M | -40.1M | -17.6M | 9.1M | -18.9M | -16.9M | |
INVESTING ACTIVITIES | ||||||||
-339K | -563K | -175K | -199K | -55K | -917K | -96K | -449K | |
-242M | -356M | -272M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
307M | 258M | 185M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-7.9M | -7.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
(56.8M) | -106.1M | -87.2M | -199K | -55K | -917K | -96K | -449K | |
FINANCING ACTIVITIES | ||||||||
5.7M | 3M | 6.9M | 570K | 0.0 | 409.2M | 19K | 20.3M | |
96.3M | 69.4M | 0.0 | -8.7M | -1.8M | 5M | 8.6M | -852K | |
2.7M | 0.0 | 0.0 | 198.8M | 169K | -409.1M | 0.0 | 0.0 | |
104.6M | 72.4M | 6.9M | 190.7M | 53.2M | 5.1M | 8.6M | 19.4M | |
CASH FLOW SUMMARY | ||||||||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 917K | 200K | 0.0 | |
-9.5M | -20.2M | -139.5M | 150.5M | 35.5M | 14.2M | -10.2M | 2.1M | |
50.8M | 71M | 210.5M | 60.1M | 24.5M | 10.4M | 20.2M | 18.1M | |
41.3M | 50.8M | 71M | 210.5M | 60.1M | 24.5M | 10M | 20.2M | |
-171.2M | 13M | -59.4M | -40.3M | -17.6M | 8.2M | -19M | -17.3M |
SPRY - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 15, 2026 | May 15, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 15, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 13, 2026 | May 12, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 29, 2026 | June 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 09, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 09, 2026 | March 09, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 10, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 10, 2025 | November 10, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 29, 2025 | September 29, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 28, 2025 | August 13, 2025 | 2025 |
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