NASDAQ$SPRY

ARS Pharmaceuticals Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

ARS Pharmaceuticals reported Q2 2025, revenue of $15.7M, net loss of $44.9M, diluted EPS of $-0.35.

For Q2 2025, ARS Pharmaceuticals reported revenue of $15.7M, a net loss of $44.9M, diluted EPS was $-0.35. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $15.7M.
  • Net loss $44.9M.
  • Diluted EPS $-0.35.

Headline financials

Total Revenue

$15.7M

Previous: $500K+3043.4%
EPS (adj)

-$0.35

Previous: -$0.13-169.2%
Selling, general and administrative

$54.3M

Previous: $8.94M+507.2%
Research and development

$4.04M

Previous: $6.9M-41.5%
Capital Expenditures

-$142K

Previous: -$121K-17.4%
Net Income

-$44.9M

Previous: -$12.5M-258.6%
Operating Income

-$47.6M

Previous: -$15.3M-210.4%

Revenue & EPS history

ARS Pharmaceuticals · Revenue · Quarterly

$15.7M

Q2 2025+3,043.4%vs Q2 2024
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

ARS Pharmaceuticals · $22.7M total across 3 segments · Q1 2026

  • Product revenue, net
    $17.5M
  • Revenue under supply agreements
    $2.74M
  • Revenue under collaboration agreements
    $2.49M

Forward guidance

The release discusses ARS Pharmaceuticals's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • ARS Pharmaceuticals cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q2 2025.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-1.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.4%

Avg return

30 days after

41%

9 / 22 earnings

Positive

+22.8%

Q4 2024

Best reaction

-15.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.2%-1.5%+23.1%
Q4 2025-0.1%-7.4%-9.6%
Q3 2025+0.8%-7.2%+18.0%
Q2 2025-5.2%-15.8%-39.8%
Q1 2025-9.4%+6.8%+15.3%
Q4 2024+22.8%+12.9%+27.7%
Q3 2024-15.1%-17.0%-28.4%
Q2 2024+2.7%+16.7%+26.1%
Q1 2024-3.5%-0.9%-2.8%
Q4 2023-0.6%+14.9%-2.6%
Q3 2023+4.2%+18.2%+48.6%
Q2 2023-0.9%+2.2%+7.0%
Q1 2023+1.6%+6.6%-23.6%
Q4 2022-5.0%-17.0%-18.1%
Q3 2022-1.5%-5.5%+13.5%
Q2 2022+1.0%+7.2%+3.2%
Q4 2021-8.8%+11.7%+44.1%
Q1 2022-8.8%-4.5%-11.6%
Q3 2021+0.2%+3.5%-17.1%
Q2 2021+2.6%-1.0%-4.0%
Q1 2021+9.1%+3.2%-21.0%
Q4 2020-5.9%-9.6%+4.5%
Q2 2020
Q1 2020
Q4 2019

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