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Side-by-side financial comparison of HEALTHY CHOICE WELLNESS CORP. (HCWC) 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 $18.7M, roughly 1.5× HEALTHY CHOICE WELLNESS CORP.). HEALTHY CHOICE WELLNESS CORP. runs the higher net margin — -8.9% vs -147.1%, a 138.3% gap on every dollar of revenue.
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.
HCWC vs SPRY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.7M | $28.1M |
| Net Profit | $-1.7M | $-41.3M |
| Gross Margin | 39.1% | — |
| Operating Margin | -7.6% | -147.6% |
| Net Margin | -8.9% | -147.1% |
| Revenue YoY | — | -67.6% |
| Net Profit YoY | — | -182.8% |
| EPS (diluted) | $-0.05 | $-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.
| Q4 25 | $18.7M | $28.1M | ||
| Q3 25 | $19.0M | $32.5M | ||
| Q2 25 | $20.2M | $15.7M | ||
| Q1 25 | $20.3M | $8.0M | ||
| Q4 24 | — | $86.6M | ||
| Q3 24 | $18.2M | $2.1M | ||
| Q2 24 | — | $500.0K | ||
| Q1 24 | — | $0 |
| Q4 25 | $-1.7M | $-41.3M | ||
| Q3 25 | $-1.2M | $-51.2M | ||
| Q2 25 | $-339.4K | $-44.9M | ||
| Q1 25 | $-712.4K | $-33.9M | ||
| Q4 24 | — | $49.9M | ||
| Q3 24 | $-2.7M | $-19.1M | ||
| Q2 24 | — | $-12.5M | ||
| Q1 24 | — | $-10.3M |
| Q4 25 | 39.1% | — | ||
| Q3 25 | 38.8% | — | ||
| Q2 25 | 40.1% | — | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 38.4% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -7.6% | -147.6% | ||
| Q3 25 | -3.2% | -163.7% | ||
| Q2 25 | -0.2% | -302.9% | ||
| Q1 25 | -2.0% | -466.3% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | -2.0% | -1051.6% | ||
| Q2 24 | — | -3068.0% | ||
| Q1 24 | — | — |
| Q4 25 | -8.9% | -147.1% | ||
| Q3 25 | -6.4% | -157.4% | ||
| Q2 25 | -1.7% | -285.6% | ||
| Q1 25 | -3.5% | -425.7% | ||
| Q4 24 | — | 57.7% | ||
| Q3 24 | -14.6% | -925.0% | ||
| Q2 24 | — | -2503.2% | ||
| Q1 24 | — | — |
| Q4 25 | $-0.05 | $-0.41 | ||
| Q3 25 | $-0.09 | $-0.52 | ||
| Q2 25 | $-0.03 | $-0.46 | ||
| Q1 25 | $-0.07 | $-0.35 | ||
| Q4 24 | — | $0.52 | ||
| Q3 24 | $-0.29 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0M | $245.0M |
| Total DebtLower is stronger | $7.3M | $96.4M |
| Stockholders' EquityBook value | $7.3M | $114.3M |
| Total Assets | $33.5M | $327.7M |
| Debt / EquityLower = less leverage | 1.00× | 0.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $245.0M | ||
| Q3 25 | $3.0M | $288.2M | ||
| Q2 25 | $4.7M | $240.1M | ||
| Q1 25 | $1.8M | $275.7M | ||
| Q4 24 | — | $314.0M | ||
| Q3 24 | $1.8M | $204.6M | ||
| Q2 24 | — | $218.7M | ||
| Q1 24 | — | $223.6M |
| Q4 25 | $7.3M | $96.4M | ||
| Q3 25 | $8.5M | $96.2M | ||
| Q2 25 | $9.7M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $11.6M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.3M | $114.3M | ||
| Q3 25 | $5.9M | $147.7M | ||
| Q2 25 | $5.8M | $192.3M | ||
| Q1 25 | $2.1M | $229.0M | ||
| Q4 24 | — | $256.8M | ||
| Q3 24 | $2.9M | $201.0M | ||
| Q2 24 | — | $215.2M | ||
| Q1 24 | — | $223.9M |
| Q4 25 | $33.5M | $327.7M | ||
| Q3 25 | $33.7M | $372.8M | ||
| Q2 25 | $36.4M | $313.5M | ||
| Q1 25 | $34.1M | $327.3M | ||
| Q4 24 | — | $351.2M | ||
| Q3 24 | $33.2M | $217.6M | ||
| Q2 24 | — | $222.0M | ||
| Q1 24 | — | $227.6M |
| Q4 25 | 1.00× | 0.84× | ||
| Q3 25 | 1.43× | 0.65× | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 5.01× | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 3.95× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-855.1K | $-43.5M |
| Free Cash FlowOCF − Capex | $-927.1K | — |
| FCF MarginFCF / Revenue | -5.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $675.4K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-855.1K | $-43.5M | ||
| Q3 25 | $-308.7K | $-47.0M | ||
| Q2 25 | $1.1M | $-39.6M | ||
| Q1 25 | $1.1M | $-40.7M | ||
| Q4 24 | — | $42.0M | ||
| Q3 24 | — | $-14.5M | ||
| Q2 24 | — | $-7.3M | ||
| Q1 24 | — | $-6.7M |
| Q4 25 | $-927.1K | — | ||
| Q3 25 | $-351.3K | $-47.2M | ||
| Q2 25 | $988.6K | $-39.6M | ||
| Q1 25 | $965.3K | $-40.8M | ||
| Q4 24 | — | $41.7M | ||
| Q3 24 | — | $-14.6M | ||
| Q2 24 | — | $-7.3M | ||
| Q1 24 | — | $-6.8M |
| Q4 25 | -5.0% | — | ||
| Q3 25 | -1.8% | -145.4% | ||
| Q2 25 | 4.9% | -252.2% | ||
| Q1 25 | 4.8% | -512.1% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | -706.3% | ||
| Q2 24 | — | -1463.4% | ||
| Q1 24 | — | — |
| Q4 25 | 0.4% | 0.0% | ||
| Q3 25 | 0.2% | 0.6% | ||
| Q2 25 | 0.4% | 0.3% | ||
| Q1 25 | 0.6% | 1.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | — |
| 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
HCWC
| Retail Grocery | $17.1M | 91% |
| Food Service Restaurant | $1.7M | 9% |
SPRY
| Products | $20.3M | 72% |
| Other | $7.8M | 28% |
