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Side-by-side financial comparison of Creative Media & Community Trust Corp (CMCT) and ARS Pharmaceuticals, Inc. (SPRY). Click either name above to swap in a different company.

Creative Media & Community Trust Corp is the larger business by last-quarter revenue ($28.5M vs $28.1M, roughly 1.0× ARS Pharmaceuticals, Inc.). Creative Media & Community Trust Corp runs the higher net margin — -125.8% vs -147.1%, a 21.4% gap on every dollar of revenue. On growth, Creative Media & Community Trust Corp posted the faster year-over-year revenue change (3.6% vs -67.6%).

Creative Media & Community Trust Corp is a U.S.-headquartered real estate investment trust operating two core segments: it owns, manages and develops creative media facilities including professional film and TV production studios, plus community-focused assets such as affordable housing, neighborhood healthcare centers and local commercial spaces, serving media operators and local communities nationwide.

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.

CMCT vs SPRY — Head-to-Head

Bigger by revenue
CMCT
CMCT
1.0× larger
CMCT
$28.5M
$28.1M
SPRY
Growing faster (revenue YoY)
CMCT
CMCT
+71.2% gap
CMCT
3.6%
-67.6%
SPRY
Higher net margin
CMCT
CMCT
21.4% more per $
CMCT
-125.8%
-147.1%
SPRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMCT
CMCT
SPRY
SPRY
Revenue
$28.5M
$28.1M
Net Profit
$-11.4M
$-41.3M
Gross Margin
Operating Margin
-125.6%
-147.6%
Net Margin
-125.8%
-147.1%
Revenue YoY
3.6%
-67.6%
Net Profit YoY
-11.4%
-182.8%
EPS (diluted)
$-3.89
$-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
CMCT
CMCT
SPRY
SPRY
Q4 25
$28.5M
$28.1M
Q3 25
$26.2M
$32.5M
Q2 25
$29.7M
$15.7M
Q1 25
$32.3M
$8.0M
Q4 24
$27.5M
$86.6M
Q3 24
$28.6M
$2.1M
Q2 24
$34.4M
$500.0K
Q1 24
$34.0M
$0
Net Profit
CMCT
CMCT
SPRY
SPRY
Q4 25
$-11.4M
$-41.3M
Q3 25
$-12.5M
$-51.2M
Q2 25
$-9.0M
$-44.9M
Q1 25
$-6.1M
$-33.9M
Q4 24
$-10.3M
$49.9M
Q3 24
$-10.4M
$-19.1M
Q2 24
$-796.0K
$-12.5M
Q1 24
$-3.7M
$-10.3M
Operating Margin
CMCT
CMCT
SPRY
SPRY
Q4 25
-125.6%
-147.6%
Q3 25
-47.7%
-163.7%
Q2 25
-30.3%
-302.9%
Q1 25
-19.0%
-466.3%
Q4 24
-128.8%
54.5%
Q3 24
-36.9%
-1051.6%
Q2 24
-1.6%
-3068.0%
Q1 24
-10.7%
Net Margin
CMCT
CMCT
SPRY
SPRY
Q4 25
-125.8%
-147.1%
Q3 25
-47.5%
-157.4%
Q2 25
-30.3%
-285.6%
Q1 25
-18.9%
-425.7%
Q4 24
-129.8%
57.7%
Q3 24
-36.3%
-925.0%
Q2 24
-2.3%
-2503.2%
Q1 24
-11.0%
EPS (diluted)
CMCT
CMCT
SPRY
SPRY
Q4 25
$-3.89
$-0.41
Q3 25
$-23.52
$-0.52
Q2 25
$-18.94
$-0.46
Q1 25
$-20.73
$-0.35
Q4 24
$97.71
$0.52
Q3 24
$-305.04
$-0.20
Q2 24
$-98.64
$-0.13
Q1 24
$-125.46
$-0.11

Balance Sheet & Financial Strength

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

Metric
CMCT
CMCT
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$15.4M
$245.0M
Total DebtLower is stronger
$509.8M
$96.4M
Stockholders' EquityBook value
$265.4M
$114.3M
Total Assets
$859.2M
$327.7M
Debt / EquityLower = less leverage
1.92×
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCT
CMCT
SPRY
SPRY
Q4 25
$15.4M
$245.0M
Q3 25
$17.3M
$288.2M
Q2 25
$27.8M
$240.1M
Q1 25
$19.8M
$275.7M
Q4 24
$20.3M
$314.0M
Q3 24
$18.5M
$204.6M
Q2 24
$29.3M
$218.7M
Q1 24
$21.3M
$223.6M
Total Debt
CMCT
CMCT
SPRY
SPRY
Q4 25
$509.8M
$96.4M
Q3 25
$527.8M
$96.2M
Q2 25
$535.6M
Q1 25
$512.7M
Q4 24
$505.7M
$0
Q3 24
$478.3M
Q2 24
$485.1M
Q1 24
$472.8M
Stockholders' Equity
CMCT
CMCT
SPRY
SPRY
Q4 25
$265.4M
$114.3M
Q3 25
$281.9M
$147.7M
Q2 25
$287.1M
$192.3M
Q1 25
$293.0M
$229.0M
Q4 24
$304.5M
$256.8M
Q3 24
$321.0M
$201.0M
Q2 24
$351.1M
$215.2M
Q1 24
$369.9M
$223.9M
Total Assets
CMCT
CMCT
SPRY
SPRY
Q4 25
$859.2M
$327.7M
Q3 25
$871.8M
$372.8M
Q2 25
$885.0M
$313.5M
Q1 25
$882.3M
$327.3M
Q4 24
$889.6M
$351.2M
Q3 24
$868.0M
$217.6M
Q2 24
$891.2M
$222.0M
Q1 24
$887.5M
$227.6M
Debt / Equity
CMCT
CMCT
SPRY
SPRY
Q4 25
1.92×
0.84×
Q3 25
1.87×
0.65×
Q2 25
1.87×
Q1 25
1.75×
Q4 24
1.66×
0.00×
Q3 24
1.49×
Q2 24
1.38×
Q1 24
1.28×

Cash Flow & Capital Efficiency

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

Metric
CMCT
CMCT
SPRY
SPRY
Operating Cash FlowLast quarter
$5.8M
$-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
CMCT
CMCT
SPRY
SPRY
Q4 25
$5.8M
$-43.5M
Q3 25
$3.7M
$-47.0M
Q2 25
$-2.5M
$-39.6M
Q1 25
$1.2M
$-40.7M
Q4 24
$17.0M
$42.0M
Q3 24
$10.3M
$-14.5M
Q2 24
$3.9M
$-7.3M
Q1 24
$1.6M
$-6.7M
Free Cash Flow
CMCT
CMCT
SPRY
SPRY
Q4 25
Q3 25
$-47.2M
Q2 25
$-39.6M
Q1 25
$-40.8M
Q4 24
$41.7M
Q3 24
$-14.6M
Q2 24
$-7.3M
Q1 24
$-6.8M
FCF Margin
CMCT
CMCT
SPRY
SPRY
Q4 25
Q3 25
-145.4%
Q2 25
-252.2%
Q1 25
-512.1%
Q4 24
48.2%
Q3 24
-706.3%
Q2 24
-1463.4%
Q1 24
Capex Intensity
CMCT
CMCT
SPRY
SPRY
Q4 25
0.0%
Q3 25
0.6%
Q2 25
0.3%
Q1 25
1.1%
Q4 24
0.3%
Q3 24
6.8%
Q2 24
7.6%
Q1 24
Cash Conversion
CMCT
CMCT
SPRY
SPRY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.84×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCT
CMCT

Segment breakdown not available.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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