ARS Pharmaceuticals, Inc.

SPRY Healthcare Biotechnology

ARS Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $84.3 million, down 5.46% from fiscal 2024.

Revenue
+16.0%
EPS
+30.8%
Free cash flow
+36.5%
Total debt
+138.5%

Quarter to September 2026, against a year earlier

2.79 0.14 +5.28%
Market cap
$263.5M
P/E
0.0×
Fwd P/E
−1.5×
Dividend yield
—
F-score
1/9
Altman Z
1.32
Beneish M
−0.44
Dividend safety
n/a

ARS Pharmaceuticals, Inc. (SPRY) P/E ratio

Alert me on P/E ratio

ARS Pharmaceuticals, Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 186× (January 2025) — the current reading is the lowest in ten years.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 0.0× —
FY2024 132× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —

Quarterly newest first

Period P/E ratio Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
12 more quarters

Against its own ten years

Low 0.0× High 186×
Ten-year median 0.0×
Current reading's percentile 87

P/E ratio against peers

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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