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Side-by-side financial comparison of Avidbank Holdings, Inc. (AVBH) and ARS Pharmaceuticals, Inc. (SPRY). Click either name above to swap in a different company.

ARS Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($28.1M vs $28.0M, roughly 1.0× Avidbank Holdings, Inc.). Avidbank Holdings, Inc. runs the higher net margin — 32.3% vs -147.1%, a 179.4% gap on every dollar of revenue.

Avidbank Holdings, Inc. is a U.S.-based financial holding company operating through its subsidiary AvidBank. It offers commercial banking products and services primarily to small and medium-sized enterprises, business owners, and high-net-worth individuals across California, including commercial loans, deposit accounts, cash management, and customized financing solutions for sectors like manufacturing, technology, real estate and professional services.

ARS Pharmaceuticals, Inc. is a late-stage biopharmaceutical firm specializing in the development and commercialization of novel therapies for severe allergic reactions, most notably needle-free epinephrine delivery solutions for anaphylaxis. It primarily operates in the North American market, catering to both pediatric and adult patient groups at risk of life-threatening allergic responses.

AVBH vs SPRY — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.0× larger
SPRY
$28.1M
$28.0M
AVBH
Higher net margin
AVBH
AVBH
179.4% more per $
AVBH
32.3%
-147.1%
SPRY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AVBH
AVBH
SPRY
SPRY
Revenue
$28.0M
$28.1M
Net Profit
$9.0M
$-41.3M
Gross Margin
Operating Margin
-147.6%
Net Margin
32.3%
-147.1%
Revenue YoY
-67.6%
Net Profit YoY
65.9%
-182.8%
EPS (diluted)
$0.84
$-0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVBH
AVBH
SPRY
SPRY
Q1 26
$28.0M
Q4 25
$26.8M
$28.1M
Q3 25
$48.0K
$32.5M
Q2 25
$21.8M
$15.7M
Q1 25
$8.0M
Q4 24
$86.6M
Q3 24
$2.1M
Q2 24
$500.0K
Net Profit
AVBH
AVBH
SPRY
SPRY
Q1 26
$9.0M
Q4 25
$6.9M
$-41.3M
Q3 25
$-37.7M
$-51.2M
Q2 25
$5.8M
$-44.9M
Q1 25
$-33.9M
Q4 24
$49.9M
Q3 24
$-19.1M
Q2 24
$-12.5M
Operating Margin
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
-147.6%
Q3 25
-110491.7%
-163.7%
Q2 25
38.0%
-302.9%
Q1 25
-466.3%
Q4 24
54.5%
Q3 24
-1051.6%
Q2 24
-3068.0%
Net Margin
AVBH
AVBH
SPRY
SPRY
Q1 26
32.3%
Q4 25
25.9%
-147.1%
Q3 25
-78614.6%
-157.4%
Q2 25
26.6%
-285.6%
Q1 25
-425.7%
Q4 24
57.7%
Q3 24
-925.0%
Q2 24
-2503.2%
EPS (diluted)
AVBH
AVBH
SPRY
SPRY
Q1 26
$0.84
Q4 25
$0.65
$-0.41
Q3 25
$-4.12
$-0.52
Q2 25
$0.75
$-0.46
Q1 25
$-0.35
Q4 24
$0.52
Q3 24
$-0.20
Q2 24
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVBH
AVBH
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$245.0M
Total DebtLower is stronger
$55.0M
$96.4M
Stockholders' EquityBook value
$287.2M
$114.3M
Total Assets
$2.5B
$327.7M
Debt / EquityLower = less leverage
0.19×
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
$245.0M
Q3 25
$288.2M
Q2 25
$240.1M
Q1 25
$275.7M
Q4 24
$314.0M
Q3 24
$204.6M
Q2 24
$218.7M
Total Debt
AVBH
AVBH
SPRY
SPRY
Q1 26
$55.0M
Q4 25
$60.0M
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Stockholders' Equity
AVBH
AVBH
SPRY
SPRY
Q1 26
$287.2M
Q4 25
$278.4M
$114.3M
Q3 25
$273.1M
$147.7M
Q2 25
$204.4M
$192.3M
Q1 25
$229.0M
Q4 24
$256.8M
Q3 24
$201.0M
Q2 24
$215.2M
Total Assets
AVBH
AVBH
SPRY
SPRY
Q1 26
$2.5B
Q4 25
$2.5B
$327.7M
Q3 25
$2.4B
$372.8M
Q2 25
$2.4B
$313.5M
Q1 25
$327.3M
Q4 24
$351.2M
Q3 24
$217.6M
Q2 24
$222.0M
Debt / Equity
AVBH
AVBH
SPRY
SPRY
Q1 26
0.19×
Q4 25
0.22×
0.84×
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVBH
AVBH
SPRY
SPRY
Operating Cash FlowLast quarter
$-43.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
$-43.5M
Q3 25
$12.4M
$-47.0M
Q2 25
$10.7M
$-39.6M
Q1 25
$-40.7M
Q4 24
$42.0M
Q3 24
$-14.5M
Q2 24
$-7.3M
Free Cash Flow
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
Q3 25
$12.4M
$-47.2M
Q2 25
$10.6M
$-39.6M
Q1 25
$-40.8M
Q4 24
$41.7M
Q3 24
$-14.6M
Q2 24
$-7.3M
FCF Margin
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
Q3 25
25783.3%
-145.4%
Q2 25
48.6%
-252.2%
Q1 25
-512.1%
Q4 24
48.2%
Q3 24
-706.3%
Q2 24
-1463.4%
Capex Intensity
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
0.0%
Q3 25
72.9%
0.6%
Q2 25
0.3%
0.3%
Q1 25
1.1%
Q4 24
0.3%
Q3 24
6.8%
Q2 24
7.6%
Cash Conversion
AVBH
AVBH
SPRY
SPRY
Q1 26
Q4 25
Q3 25
Q2 25
1.84×
Q1 25
Q4 24
0.84×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVBH
AVBH

Net Interest Income$26.5M95%
Noninterest Income$1.5M5%

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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