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Side-by-side financial comparison of COLONY BANKCORP INC (CBAN) and ARS Pharmaceuticals, Inc. (SPRY). Click either name above to swap in a different company.

COLONY BANKCORP INC is the larger business by last-quarter revenue ($39.9M vs $28.1M, roughly 1.4× ARS Pharmaceuticals, Inc.). COLONY BANKCORP INC runs the higher net margin — 20.6% vs -147.1%, a 167.7% gap on every dollar of revenue.

Colony Bankcorp Inc is a US-based bank holding company that operates Colony Bank. It provides a full suite of personal and commercial banking services including deposit accounts, consumer and business loans, mortgage services, and wealth management solutions, primarily serving retail customers and small-to-medium enterprises across the state of Georgia.

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.

CBAN vs SPRY — Head-to-Head

Bigger by revenue
CBAN
CBAN
1.4× larger
CBAN
$39.9M
$28.1M
SPRY
Higher net margin
CBAN
CBAN
167.7% more per $
CBAN
20.6%
-147.1%
SPRY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBAN
CBAN
SPRY
SPRY
Revenue
$39.9M
$28.1M
Net Profit
$8.2M
$-41.3M
Gross Margin
Operating Margin
-147.6%
Net Margin
20.6%
-147.1%
Revenue YoY
-67.6%
Net Profit YoY
24.1%
-182.8%
EPS (diluted)
$-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
CBAN
CBAN
SPRY
SPRY
Q1 26
$39.9M
Q4 25
$36.9M
$28.1M
Q3 25
$32.8M
$32.5M
Q2 25
$32.5M
$15.7M
Q1 25
$30.0M
$8.0M
Q4 24
$30.8M
$86.6M
Q3 24
$28.6M
$2.1M
Q2 24
$27.9M
$500.0K
Net Profit
CBAN
CBAN
SPRY
SPRY
Q1 26
$8.2M
Q4 25
$-41.3M
Q3 25
$5.8M
$-51.2M
Q2 25
$8.0M
$-44.9M
Q1 25
$6.6M
$-33.9M
Q4 24
$49.9M
Q3 24
$5.6M
$-19.1M
Q2 24
$5.5M
$-12.5M
Operating Margin
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
25.9%
-147.6%
Q3 25
22.2%
-163.7%
Q2 25
30.9%
-302.9%
Q1 25
27.6%
-466.3%
Q4 24
28.8%
54.5%
Q3 24
24.6%
-1051.6%
Q2 24
24.8%
-3068.0%
Net Margin
CBAN
CBAN
SPRY
SPRY
Q1 26
20.6%
Q4 25
-147.1%
Q3 25
17.7%
-157.4%
Q2 25
24.6%
-285.6%
Q1 25
22.0%
-425.7%
Q4 24
57.7%
Q3 24
19.7%
-925.0%
Q2 24
19.6%
-2503.2%
EPS (diluted)
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
$0.42
$-0.41
Q3 25
$0.33
$-0.52
Q2 25
$0.46
$-0.46
Q1 25
$0.38
$-0.35
Q4 24
$0.43
$0.52
Q3 24
$0.32
$-0.20
Q2 24
$0.31
$-0.13

Balance Sheet & Financial Strength

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

Metric
CBAN
CBAN
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$295.8M
$245.0M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$380.4M
$114.3M
Total Assets
$3.7B
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAN
CBAN
SPRY
SPRY
Q1 26
$295.8M
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
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
$258.1M
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$248.0M
$0
Q3 24
Q2 24
Stockholders' Equity
CBAN
CBAN
SPRY
SPRY
Q1 26
$380.4M
Q4 25
$375.9M
$114.3M
Q3 25
$302.3M
$147.7M
Q2 25
$293.9M
$192.3M
Q1 25
$286.9M
$229.0M
Q4 24
$278.7M
$256.8M
Q3 24
$276.1M
$201.0M
Q2 24
$264.7M
$215.2M
Total Assets
CBAN
CBAN
SPRY
SPRY
Q1 26
$3.7B
Q4 25
$3.7B
$327.7M
Q3 25
$3.2B
$372.8M
Q2 25
$3.1B
$313.5M
Q1 25
$3.2B
$327.3M
Q4 24
$3.1B
$351.2M
Q3 24
$3.1B
$217.6M
Q2 24
$3.0B
$222.0M
Debt / Equity
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
0.69×
0.84×
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
0.89×
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
CBAN
CBAN
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
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
$-5.5M
$-43.5M
Q3 25
$14.4M
$-47.0M
Q2 25
$15.8M
$-39.6M
Q1 25
$17.9M
$-40.7M
Q4 24
$23.4M
$42.0M
Q3 24
$20.5M
$-14.5M
Q2 24
$1.1M
$-7.3M
Free Cash Flow
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
$-6.9M
Q3 25
$14.1M
$-47.2M
Q2 25
$15.8M
$-39.6M
Q1 25
$17.6M
$-40.8M
Q4 24
$22.3M
$41.7M
Q3 24
$20.2M
$-14.6M
Q2 24
$990.0K
$-7.3M
FCF Margin
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
-18.7%
Q3 25
42.9%
-145.4%
Q2 25
48.5%
-252.2%
Q1 25
58.7%
-512.1%
Q4 24
72.5%
48.2%
Q3 24
70.6%
-706.3%
Q2 24
3.5%
-1463.4%
Capex Intensity
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
3.7%
0.0%
Q3 25
1.1%
0.6%
Q2 25
0.3%
0.3%
Q1 25
1.2%
1.1%
Q4 24
3.5%
0.3%
Q3 24
1.0%
6.8%
Q2 24
0.5%
7.6%
Cash Conversion
CBAN
CBAN
SPRY
SPRY
Q1 26
Q4 25
Q3 25
2.48×
Q2 25
1.99×
Q1 25
2.71×
Q4 24
0.84×
Q3 24
3.64×
Q2 24
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBAN
CBAN

Net Interest Income$29.2M73%
Noninterest Income$10.7M27%

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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