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SPRY · ARS Pharmaceuticals, Inc.

Track SPRY — free
$4.76 -0.30 (-5.93%) At close · Sep 11
Market Cap
$505.19M
Shares
99.45M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$4.76 Open$5.13 Day$4.73–5.19 52W close$4.76–13.06 Avg vol 30d1.7M Short int23.2M · 23.3% float · 14.1d Short vol26% Last earningsAug 13, 2026 DataDec 2020–Sep 2026 Filing10-Q · Aug 13

Up next

Next earnings call
Nov 11, 2026 Est · unconfirmed · in 9 wks
filed Aug 13, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$116.93M
Trailing 12 months
Net income (TTM)
−$215.43M
Trailing 12 months
Revenue growth YoY
+114.2%
Year over year
Operating margin
-185.0%
Trailing 12 months
P / E (TTM)
Trailing earnings
FCF yield
-38.9%
TTM · current market cap
Return on invested capital
Trailing 12 months
Net cash
$47.17M
Latest balance sheet
Dividend yield
Trailing 12 months
Shares change YoY
+1.0%
Year over year · more shares
Price change (1Y)
-51.8%
Trailing year
Short interest
23.3%
Latest settlement · 14.1 days to cover
View all 115 metrics

AI Brief

Q2 FY26 earnings call · Aug 13, 2026
Q2 FY26

TL;DR. New CEO outlined a pivot to targeted provider selling for neffy with a >40% 2H 2026 SG&A cut and a stated path to cash flow breakeven by end of 2027, while Q2 U.S. neffy revenue rose to $26.2 million with total market share doubling to 5% and field-targeted share at 8%; the CSU Phase 2b interim readout was pushed to Q1 2027.

Bullish
  • + Unique neffy prescribers more than tripled year over year to over 16,000
  • + Company guides to >40% reduction in cash SG&A in 2H 2026 and a path to cash flow breakeven by end of 2027
  • + Salesforce expansion completed and new CCO appointed to drive targeted provider execution
Bearish
  • Cash position declined to $143.8M as cumulative losses and operating outflows continued
  • Heavy reliance on shifting prescriber habits is explicitly flagged as a slow, methodical process with no near-term spike expected

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Strong Sell
SellHoldBuy
Technical Strong Sell Momentum Very Weak Sentiment Neutral Fundamentals Poor Quant / Vol Very High
Market backdrop VIX 15.8 · calm Equity put/call 0.60
Technical
price trend
Strong Sell
50 / 200-day cross No cross
Price vs 200-day avg −44%
below
Price vs 50-day avg −23%
below
RSI (14) 31
neutral
MACD trend Negative
52-week position 0%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −22%
trailing
6-month return −42%
trailing
YTD return −59%
this year
Relative strength −60%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $6 › 200d $9 — 200d above 50d
Institutional flow Accumulating
+1% holders QoQ · +37 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
23.34% of float · ▲ +1.1% MoM · 14.1 days cover
Volume signal Reversal watch
High volume on a down day — possible exhaustion
Institution breadth Multi-yr high
208 holders — near 3-yr high, broad support
Squeeze score 68
elevated · 0–100
Fundamentals
Poor
Revenue growth −5%
Y/Y
EPS growth −2275%
Y/Y
Free cash flow $-171.2M
Balance sheet $55.1M
net debt
Quant / Vol
risk profile
Very High
Volatility 73%
annualized · 1-yr
Max drawdown −64%
past year
ATR 7.5%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Aug 13, 2026
Aggregate SG&A and R&D expenses · second half of 2026 Initiated $114M – $126M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell
4 · 3 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−44% Bearish
Price vs 50-day avg
−23% Bearish
RSI (14)
31 Neutral
MACD trend
Negative Bearish
52-week position
0% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $6 › 200d $9 — 200d above 50d
Institutional flow Accumulating
+1% holders QoQ · +37 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
23.34% of float · ▲ +1.1% MoM · 14.1 days cover
Volume signal Reversal watch
High volume on a down day — possible exhaustion
Institution breadth Multi-yr high
208 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $5 Now $5 · 0% Range high $13
vs 200-day avg -44% vs 50-day avg -23%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Biotechnology — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
SPRY
ARS Pharmaceuticals, Inc.
this stock
$505.19M -59.1% -5.5% 23.3%
VRTX
Vertex Pharmaceuticals Inc / Ma
$130.40B +13.7% +46.2% 30.0 1.8%
REGN
Regeneron Pharmaceuticals, Inc.
$81.67B +1.2% +20.8% 19.6 2.5%
ARGX
Argenx SE
$61.60B +17.1% 2.0%
CSLLY
Csl Ltd
$57.41B 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
208
% held
91.5%
Net QoQ
-3.4M sh
Top holder
RA CAPITAL MANAGEMENT, L.…
Held Float
View
Held by Funds
Fund positions
145
View
Short & Settlement
Short Interest Rising
Shares short
23.2M
Days to cover
14.1d
Change
+257.1K sh
View
Short Volume
Short vol %
26%
As of
Sep 11, 2026
Short Total
View
Fails to Deliver
FTD shares
2.0K
Value
$11.9K
As of
Aug 14, 2026
View
Off-Exchange
Off-exchange %
41.3%
Week of
Aug 3, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$84.3M
Net income (FY)
$-171.3M
EPS diluted
$-1.74
View
Filings
SEC Filings
Latest
8-K
Filed
Aug 13, 2026
This year
11
View
Proposed Sales
Value
$177.0K
Shares
35.0K
Filed
Sep 11, 2026
View
Exempt Offerings
Offering
$85.0M
Filed
Oct 6, 2020
View
Earnings & Events
Earnings Calls
Last call
Aug 13, 2026
View

Performance

5D 20D 120D MTD YTD
SPRY -16.1% -22.0% -41.7% -20.7% -59.1%
SPY -1.2% -1.8% +17.8% -0.4% +12.1%
vs SPY -14.9% -20.2% -59.6% -20.3% -71.2%
Key facts CIK 1671858 CUSIP 82835W108 13F (30d) 101 filings 101 filers Visit website Investor relations