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

SIERRA BANCORP is the larger business by last-quarter revenue ($39.3M vs $28.1M, roughly 1.4× ARS Pharmaceuticals, Inc.). SIERRA BANCORP runs the higher net margin — 40.4% vs -147.1%, a 187.5% gap on every dollar of revenue. On growth, SIERRA BANCORP posted the faster year-over-year revenue change (3.8% vs -67.6%).

Sierra Bancorp is a U.S.-based regional bank holding company operating the Bank of the Sierra brand. It offers full retail and commercial banking services including deposit products, consumer and commercial loans, and mortgages, primarily serving local communities, SMEs and individual customers across Central and Southern California.

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.

BSRR vs SPRY — Head-to-Head

Bigger by revenue
BSRR
BSRR
1.4× larger
BSRR
$39.3M
$28.1M
SPRY
Growing faster (revenue YoY)
BSRR
BSRR
+71.3% gap
BSRR
3.8%
-67.6%
SPRY
Higher net margin
BSRR
BSRR
187.5% more per $
BSRR
40.4%
-147.1%
SPRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BSRR
BSRR
SPRY
SPRY
Revenue
$39.3M
$28.1M
Net Profit
$12.9M
$-41.3M
Gross Margin
Operating Margin
43.6%
-147.6%
Net Margin
40.4%
-147.1%
Revenue YoY
3.8%
-67.6%
Net Profit YoY
24.4%
-182.8%
EPS (diluted)
$0.96
$-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
BSRR
BSRR
SPRY
SPRY
Q4 25
$39.3M
$28.1M
Q3 25
$40.0M
$32.5M
Q2 25
$39.2M
$15.7M
Q1 25
$36.8M
$8.0M
Q4 24
$37.9M
$86.6M
Q3 24
$38.6M
$2.1M
Q2 24
$37.8M
$500.0K
Q1 24
$37.3M
$0
Net Profit
BSRR
BSRR
SPRY
SPRY
Q4 25
$12.9M
$-41.3M
Q3 25
$9.7M
$-51.2M
Q2 25
$10.6M
$-44.9M
Q1 25
$9.1M
$-33.9M
Q4 24
$10.4M
$49.9M
Q3 24
$10.6M
$-19.1M
Q2 24
$10.3M
$-12.5M
Q1 24
$9.3M
$-10.3M
Operating Margin
BSRR
BSRR
SPRY
SPRY
Q4 25
43.6%
-147.6%
Q3 25
31.7%
-163.7%
Q2 25
36.3%
-302.9%
Q1 25
33.4%
-466.3%
Q4 24
33.3%
54.5%
Q3 24
37.4%
-1051.6%
Q2 24
37.6%
-3068.0%
Q1 24
33.9%
Net Margin
BSRR
BSRR
SPRY
SPRY
Q4 25
40.4%
-147.1%
Q3 25
24.2%
-157.4%
Q2 25
27.1%
-285.6%
Q1 25
24.8%
-425.7%
Q4 24
34.1%
57.7%
Q3 24
27.5%
-925.0%
Q2 24
27.2%
-2503.2%
Q1 24
25.0%
EPS (diluted)
BSRR
BSRR
SPRY
SPRY
Q4 25
$0.96
$-0.41
Q3 25
$0.72
$-0.52
Q2 25
$0.78
$-0.46
Q1 25
$0.65
$-0.35
Q4 24
$0.73
$0.52
Q3 24
$0.74
$-0.20
Q2 24
$0.71
$-0.13
Q1 24
$0.64
$-0.11

Balance Sheet & Financial Strength

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

Metric
BSRR
BSRR
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$135.6M
$245.0M
Total DebtLower is stronger
$49.5M
$96.4M
Stockholders' EquityBook value
$364.9M
$114.3M
Total Assets
$3.8B
$327.7M
Debt / EquityLower = less leverage
0.14×
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSRR
BSRR
SPRY
SPRY
Q4 25
$135.6M
$245.0M
Q3 25
$95.5M
$288.2M
Q2 25
$130.0M
$240.1M
Q1 25
$159.7M
$275.7M
Q4 24
$100.7M
$314.0M
Q3 24
$132.8M
$204.6M
Q2 24
$184.0M
$218.7M
Q1 24
$119.2M
$223.6M
Total Debt
BSRR
BSRR
SPRY
SPRY
Q4 25
$49.5M
$96.4M
Q3 25
$49.5M
$96.2M
Q2 25
$49.4M
Q1 25
$49.4M
Q4 24
$49.4M
$0
Q3 24
$49.4M
Q2 24
$49.3M
Q1 24
$49.3M
Stockholders' Equity
BSRR
BSRR
SPRY
SPRY
Q4 25
$364.9M
$114.3M
Q3 25
$360.1M
$147.7M
Q2 25
$355.7M
$192.3M
Q1 25
$351.8M
$229.0M
Q4 24
$357.3M
$256.8M
Q3 24
$358.7M
$201.0M
Q2 24
$350.0M
$215.2M
Q1 24
$345.1M
$223.9M
Total Assets
BSRR
BSRR
SPRY
SPRY
Q4 25
$3.8B
$327.7M
Q3 25
$3.7B
$372.8M
Q2 25
$3.8B
$313.5M
Q1 25
$3.6B
$327.3M
Q4 24
$3.6B
$351.2M
Q3 24
$3.7B
$217.6M
Q2 24
$3.7B
$222.0M
Q1 24
$3.6B
$227.6M
Debt / Equity
BSRR
BSRR
SPRY
SPRY
Q4 25
0.14×
0.84×
Q3 25
0.14×
0.65×
Q2 25
0.14×
Q1 25
0.14×
Q4 24
0.14×
0.00×
Q3 24
0.14×
Q2 24
0.14×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
BSRR
BSRR
SPRY
SPRY
Operating Cash FlowLast quarter
$33.7M
$-43.5M
Free Cash FlowOCF − Capex
$32.2M
FCF MarginFCF / Revenue
81.9%
Capex IntensityCapex / Revenue
3.9%
0.0%
Cash ConversionOCF / Net Profit
2.61×
TTM Free Cash FlowTrailing 4 quarters
$50.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BSRR
BSRR
SPRY
SPRY
Q4 25
$33.7M
$-43.5M
Q3 25
$14.9M
$-47.0M
Q2 25
$-35.9M
$-39.6M
Q1 25
$40.6M
$-40.7M
Q4 24
$57.2M
$42.0M
Q3 24
$27.4M
$-14.5M
Q2 24
$620.0K
$-7.3M
Q1 24
$7.0M
$-6.7M
Free Cash Flow
BSRR
BSRR
SPRY
SPRY
Q4 25
$32.2M
Q3 25
$14.7M
$-47.2M
Q2 25
$-36.3M
$-39.6M
Q1 25
$40.2M
$-40.8M
Q4 24
$56.0M
$41.7M
Q3 24
$27.3M
$-14.6M
Q2 24
$202.0K
$-7.3M
Q1 24
$6.6M
$-6.8M
FCF Margin
BSRR
BSRR
SPRY
SPRY
Q4 25
81.9%
Q3 25
36.7%
-145.4%
Q2 25
-92.6%
-252.2%
Q1 25
109.5%
-512.1%
Q4 24
147.9%
48.2%
Q3 24
70.7%
-706.3%
Q2 24
0.5%
-1463.4%
Q1 24
17.7%
Capex Intensity
BSRR
BSRR
SPRY
SPRY
Q4 25
3.9%
0.0%
Q3 25
0.6%
0.6%
Q2 25
1.2%
0.3%
Q1 25
1.0%
1.1%
Q4 24
3.1%
0.3%
Q3 24
0.3%
6.8%
Q2 24
1.1%
7.6%
Q1 24
1.0%
Cash Conversion
BSRR
BSRR
SPRY
SPRY
Q4 25
2.61×
Q3 25
1.54×
Q2 25
-3.37×
Q1 25
4.46×
Q4 24
5.51×
0.84×
Q3 24
2.58×
Q2 24
0.06×
Q1 24
0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BSRR
BSRR

Segment breakdown not available.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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