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Side-by-side financial comparison of Ellomay Capital Ltd. (ELLO) 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 $20.1M, roughly 1.4× Ellomay Capital Ltd.).

Ellomay Capital Ltd is a renewable energy enterprise focused on the development, ownership, and operation of clean power assets. Its portfolio includes solar photovoltaic projects, onshore wind farms, and pumped storage hydroelectric facilities, with core operations across Israel and key European markets, delivering low-carbon energy to both commercial and residential end consumers.

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.

ELLO vs SPRY — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.4× larger
SPRY
$28.1M
$20.1M
ELLO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ELLO
ELLO
SPRY
SPRY
Revenue
$20.1M
$28.1M
Net Profit
$-41.3M
Gross Margin
12.1%
Operating Margin
-11.8%
-147.6%
Net Margin
-147.1%
Revenue YoY
-67.6%
Net Profit YoY
-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
ELLO
ELLO
SPRY
SPRY
Q4 25
$28.1M
Q3 25
$32.5M
Q2 25
$20.1M
$15.7M
Q1 25
$8.0M
Q4 24
$86.6M
Q3 24
$2.1M
Q2 24
$19.5M
$500.0K
Q1 24
$0
Net Profit
ELLO
ELLO
SPRY
SPRY
Q4 25
$-41.3M
Q3 25
$-51.2M
Q2 25
$-44.9M
Q1 25
$-33.9M
Q4 24
$49.9M
Q3 24
$-19.1M
Q2 24
$-12.5M
Q1 24
$-10.3M
Gross Margin
ELLO
ELLO
SPRY
SPRY
Q4 25
Q3 25
Q2 25
12.1%
Q1 25
Q4 24
Q3 24
Q2 24
8.7%
Q1 24
Operating Margin
ELLO
ELLO
SPRY
SPRY
Q4 25
-147.6%
Q3 25
-163.7%
Q2 25
-11.8%
-302.9%
Q1 25
-466.3%
Q4 24
54.5%
Q3 24
-1051.6%
Q2 24
-9.3%
-3068.0%
Q1 24
Net Margin
ELLO
ELLO
SPRY
SPRY
Q4 25
-147.1%
Q3 25
-157.4%
Q2 25
-285.6%
Q1 25
-425.7%
Q4 24
57.7%
Q3 24
-925.0%
Q2 24
-2503.2%
Q1 24
EPS (diluted)
ELLO
ELLO
SPRY
SPRY
Q4 25
$-0.41
Q3 25
$-0.52
Q2 25
$-0.46
Q1 25
$-0.35
Q4 24
$0.52
Q3 24
$-0.20
Q2 24
$-0.13
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
ELLO
ELLO
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$54.5M
$245.0M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$171.5M
$114.3M
Total Assets
$855.5M
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELLO
ELLO
SPRY
SPRY
Q4 25
$245.0M
Q3 25
$288.2M
Q2 25
$54.5M
$240.1M
Q1 25
$275.7M
Q4 24
$314.0M
Q3 24
$204.6M
Q2 24
$59.9M
$218.7M
Q1 24
$223.6M
Total Debt
ELLO
ELLO
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
ELLO
ELLO
SPRY
SPRY
Q4 25
$114.3M
Q3 25
$147.7M
Q2 25
$171.5M
$192.3M
Q1 25
$229.0M
Q4 24
$256.8M
Q3 24
$201.0M
Q2 24
$136.3M
$215.2M
Q1 24
$223.9M
Total Assets
ELLO
ELLO
SPRY
SPRY
Q4 25
$327.7M
Q3 25
$372.8M
Q2 25
$855.5M
$313.5M
Q1 25
$327.3M
Q4 24
$351.2M
Q3 24
$217.6M
Q2 24
$678.9M
$222.0M
Q1 24
$227.6M
Debt / Equity
ELLO
ELLO
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
ELLO
ELLO
SPRY
SPRY
Operating Cash FlowLast quarter
$5.1K
$-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
ELLO
ELLO
SPRY
SPRY
Q4 25
$-43.5M
Q3 25
$-47.0M
Q2 25
$5.1K
$-39.6M
Q1 25
$-40.7M
Q4 24
$42.0M
Q3 24
$-14.5M
Q2 24
$468.0K
$-7.3M
Q1 24
$-6.7M
Free Cash Flow
ELLO
ELLO
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
ELLO
ELLO
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
ELLO
ELLO
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
ELLO
ELLO
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

ELLO
ELLO

Segment breakdown not available.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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