ARS Pharmaceuticals, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
SPRY$2.79+5.3%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(in thousands, except par value and share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $59,557 | $50,817 |
| Short-term investments | 228,652 | 263,205 |
| Accounts receivable, net | 36,451 | 8,175 |
| Inventories | 7,782 | 5,212 |
| Prepaid expenses and other current assets | 6,421 | 6,886 |
| Total current assets | 338,863 | 334,295 |
| Long-term inventories | 13,645 | 5,307 |
| Right-of-use asset | 1,439 | 37 |
| Fixed assets, net | 1,209 | 1,029 |
| Intangible assets, net | 14,729 | 7,371 |
| Other assets | 2,918 | 3,114 |
| Total assets | $372,803 | $351,153 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities (including related party amounts of $4,269 and $656, respectively) | $49,768 | $22,841 |
| Contract liability, current | 526 | 557 |
| Lease liability, current | 583 | 42 |
| Total current liabilities | 50,877 | 23,440 |
| Term loans, net (including related party amounts of $4,811 and $0, respectively) | 96,229 | — |
| Financing liability | 72,044 | 69,383 |
| Contract liability, net of current portion | 1,268 | 1,532 |
| Lease liability, net of current portion | 949 | — |
| Other accrued liabilities | 3,781 | — |
| Total liabilities | 225,148 | 94,355 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value per share; 10,000,000 shares authorized at September 30, 2025 and December 31, 2024; no shares issued and outstanding at September 30, 2025 and December 31, 2024 | — | — |
| Common stock, $0.0001 par value per share; 200,000,000 shares authorized at September 30, 2025 and December 31, 2024; 98,844,178 and 97,954,172 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 10 | 10 |
| Additional paid-in capital | 400,931 | 379,873 |
| Accumulated other comprehensive (loss) gain, net | (7) | 220 |
| Accumulated deficit | (253,279) | (123,305) |
| Total stockholders’ equity | 147,655 | 256,798 |
| Total liabilities and stockholders’ equity | $372,803 | $351,153 |
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