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

Dominari Holdings Inc. is the larger business by last-quarter revenue ($30.1M vs $28.1M, roughly 1.1× ARS Pharmaceuticals, Inc.). ARS Pharmaceuticals, Inc. runs the higher net margin — -147.1% vs -438.1%, a 291.0% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs -67.6%).

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.

DOMH vs SPRY — Head-to-Head

Bigger by revenue
DOMH
DOMH
1.1× larger
DOMH
$30.1M
$28.1M
SPRY
Growing faster (revenue YoY)
DOMH
DOMH
+288.0% gap
DOMH
220.4%
-67.6%
SPRY
Higher net margin
SPRY
SPRY
291.0% more per $
SPRY
-147.1%
-438.1%
DOMH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOMH
DOMH
SPRY
SPRY
Revenue
$30.1M
$28.1M
Net Profit
$-131.8M
$-41.3M
Gross Margin
Operating Margin
-8.9%
-147.6%
Net Margin
-438.1%
-147.1%
Revenue YoY
220.4%
-67.6%
Net Profit YoY
-12426.2%
-182.8%
EPS (diluted)
$-6.94
$-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
DOMH
DOMH
SPRY
SPRY
Q4 25
$30.1M
$28.1M
Q3 25
$50.8M
$32.5M
Q2 25
$34.1M
$15.7M
Q1 25
$8.1M
$8.0M
Q4 24
$9.4M
$86.6M
Q3 24
$4.0M
$2.1M
Q2 24
$6.2M
$500.0K
Q1 24
$1.4M
$0
Net Profit
DOMH
DOMH
SPRY
SPRY
Q4 25
$-131.8M
$-41.3M
Q3 25
$125.2M
$-51.2M
Q2 25
$16.6M
$-44.9M
Q1 25
$-32.5M
$-33.9M
Q4 24
$1.1M
$49.9M
Q3 24
$-4.2M
$-19.1M
Q2 24
$-6.1M
$-12.5M
Q1 24
$-5.4M
$-10.3M
Operating Margin
DOMH
DOMH
SPRY
SPRY
Q4 25
-8.9%
-147.6%
Q3 25
-3.1%
-163.7%
Q2 25
-57.0%
-302.9%
Q1 25
-394.6%
-466.3%
Q4 24
0.4%
54.5%
Q3 24
-79.1%
-1051.6%
Q2 24
-44.3%
-3068.0%
Q1 24
-205.2%
Net Margin
DOMH
DOMH
SPRY
SPRY
Q4 25
-438.1%
-147.1%
Q3 25
246.4%
-157.4%
Q2 25
48.7%
-285.6%
Q1 25
-400.5%
-425.7%
Q4 24
11.4%
57.7%
Q3 24
-104.2%
-925.0%
Q2 24
-99.1%
-2503.2%
Q1 24
-398.0%
EPS (diluted)
DOMH
DOMH
SPRY
SPRY
Q4 25
$-6.94
$-0.41
Q3 25
$7.27
$-0.52
Q2 25
$1.12
$-0.46
Q1 25
$-3.02
$-0.35
Q4 24
$0.21
$0.52
Q3 24
$-0.67
$-0.20
Q2 24
$-1.01
$-0.13
Q1 24
$-0.91
$-0.11

Balance Sheet & Financial Strength

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

Metric
DOMH
DOMH
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$80.5M
$245.0M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$69.4M
$114.3M
Total Assets
$112.9M
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOMH
DOMH
SPRY
SPRY
Q4 25
$80.5M
$245.0M
Q3 25
$176.2M
$288.2M
Q2 25
$28.2M
$240.1M
Q1 25
$18.9M
$275.7M
Q4 24
$8.2M
$314.0M
Q3 24
$7.2M
$204.6M
Q2 24
$12.1M
$218.7M
Q1 24
$7.1M
$223.6M
Total Debt
DOMH
DOMH
SPRY
SPRY
Q4 25
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DOMH
DOMH
SPRY
SPRY
Q4 25
$69.4M
$114.3M
Q3 25
$210.2M
$147.7M
Q2 25
$88.6M
$192.3M
Q1 25
$42.4M
$229.0M
Q4 24
$39.9M
$256.8M
Q3 24
$38.3M
$201.0M
Q2 24
$42.4M
$215.2M
Q1 24
$47.7M
$223.9M
Total Assets
DOMH
DOMH
SPRY
SPRY
Q4 25
$112.9M
$327.7M
Q3 25
$223.4M
$372.8M
Q2 25
$109.3M
$313.5M
Q1 25
$52.3M
$327.3M
Q4 24
$47.1M
$351.2M
Q3 24
$43.4M
$217.6M
Q2 24
$49.1M
$222.0M
Q1 24
$52.2M
$227.6M
Debt / Equity
DOMH
DOMH
SPRY
SPRY
Q4 25
0.84×
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DOMH
DOMH
SPRY
SPRY
Operating Cash FlowLast quarter
$22.7M
$-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
DOMH
DOMH
SPRY
SPRY
Q4 25
$22.7M
$-43.5M
Q3 25
$-4.9M
$-47.0M
Q2 25
$-353.0K
$-39.6M
Q1 25
$1.2M
$-40.7M
Q4 24
$-16.7M
$42.0M
Q3 24
$-4.7M
$-14.5M
Q2 24
$1.4M
$-7.3M
Q1 24
$-8.6M
$-6.7M
Free Cash Flow
DOMH
DOMH
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
DOMH
DOMH
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
DOMH
DOMH
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
DOMH
DOMH
SPRY
SPRY
Q4 25
Q3 25
-0.04×
Q2 25
-0.02×
Q1 25
Q4 24
-15.65×
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

DOMH
DOMH

Chief Operating Decision Maker$30.1M100%
Commissions$458.0K2%

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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