ARS Pharmaceuticals, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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.
Mar 31, 2026 · Filed May 15, 2026
SPRY$3.57+13.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(60,618) | $(33,940) |
| Non-cash adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 7,423 | 5,298 |
| Depreciation and amortization expense | 397 | 280 |
| Accretion on investments, net of amortization | (990) | (1,961) |
| Other non-cash items | 245 | (4) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (839) | (1,128) |
| Inventories | (294) | (8,449) |
| Prepaid expenses and other assets | (524) | (4,796) |
| Accounts payable and accrued liabilities | 10,315 | 4,168 |
| Contract liability | (61) | (210) |
| Net cash and cash equivalents used in operating activities | (44,946) | (40,742) |
| Cash flows from investing activities: | ||
| Purchases of short-term investments, available-for-sale | (14,709) | (34,345) |
| Maturities of short-term investments, available-for-sale | 42,500 | 63,500 |
| Purchases of property and equipment | — | (91) |
| Net cash and cash equivalents provided by investing activities | 27,791 | 29,064 |
| Cash flows from financing activities: | ||
| Proceeds from royalties earned under license agreements recognized as an increase to the financing liability | 97 | — |
| Proceeds from exercise of common stock options and issuance of common stock under the employee stock purchase plan | 62 | 725 |
| Net cash and cash equivalents provided by financing activities | 159 | 725 |
| Net decrease in cash and cash equivalents | (16,996) | (10,953) |
| Cash and cash equivalents at beginning of period | 41,317 | 50,817 |
| Cash and cash equivalents at end of period | $24,321 | $39,864 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $2,293 | $— |
| Non-cash investing and financing activities: | ||
| Financing liability in accounts receivable | $2,533 | $— |
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