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Side-by-side financial comparison of OFF THE HOOK YS INC. (OTH) 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 $24.0M, roughly 1.2× OFF THE HOOK YS INC.). OFF THE HOOK YS INC. runs the higher net margin — -0.3% vs -147.1%, a 146.9% 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.

OTH vs SPRY — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.2× larger
SPRY
$28.1M
$24.0M
OTH
Higher net margin
OTH
OTH
146.9% more per $
OTH
-0.3%
-147.1%
SPRY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
OTH
OTH
SPRY
SPRY
Revenue
$24.0M
$28.1M
Net Profit
$-66.7K
$-41.3M
Gross Margin
12.6%
Operating Margin
1.3%
-147.6%
Net Margin
-0.3%
-147.1%
Revenue YoY
-67.6%
Net Profit YoY
-182.8%
EPS (diluted)
$-0.00
$-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
OTH
OTH
SPRY
SPRY
Q4 25
$28.1M
Q3 25
$24.0M
$32.5M
Q2 25
$15.7M
Q1 25
$8.0M
Q4 24
$86.6M
Q3 24
$2.1M
Q2 24
$500.0K
Q1 24
$0
Net Profit
OTH
OTH
SPRY
SPRY
Q4 25
$-41.3M
Q3 25
$-66.7K
$-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
OTH
OTH
SPRY
SPRY
Q4 25
Q3 25
12.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
OTH
OTH
SPRY
SPRY
Q4 25
-147.6%
Q3 25
1.3%
-163.7%
Q2 25
-302.9%
Q1 25
-466.3%
Q4 24
54.5%
Q3 24
-1051.6%
Q2 24
-3068.0%
Q1 24
Net Margin
OTH
OTH
SPRY
SPRY
Q4 25
-147.1%
Q3 25
-0.3%
-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)
OTH
OTH
SPRY
SPRY
Q4 25
$-0.41
Q3 25
$-0.00
$-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
OTH
OTH
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$2.3M
$245.0M
Total DebtLower is stronger
$287.2K
$96.4M
Stockholders' EquityBook value
$-610.5K
$114.3M
Total Assets
$32.6M
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OTH
OTH
SPRY
SPRY
Q4 25
$245.0M
Q3 25
$2.3M
$288.2M
Q2 25
$240.1M
Q1 25
$275.7M
Q4 24
$314.0M
Q3 24
$204.6M
Q2 24
$218.7M
Q1 24
$223.6M
Total Debt
OTH
OTH
SPRY
SPRY
Q4 25
$96.4M
Q3 25
$287.2K
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
OTH
OTH
SPRY
SPRY
Q4 25
$114.3M
Q3 25
$-610.5K
$147.7M
Q2 25
$192.3M
Q1 25
$229.0M
Q4 24
$256.8M
Q3 24
$201.0M
Q2 24
$215.2M
Q1 24
$223.9M
Total Assets
OTH
OTH
SPRY
SPRY
Q4 25
$327.7M
Q3 25
$32.6M
$372.8M
Q2 25
$313.5M
Q1 25
$327.3M
Q4 24
$351.2M
Q3 24
$217.6M
Q2 24
$222.0M
Q1 24
$227.6M
Debt / Equity
OTH
OTH
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
OTH
OTH
SPRY
SPRY
Operating Cash FlowLast quarter
$-664.2K
$-43.5M
Free Cash FlowOCF − Capex
$-867.2K
FCF MarginFCF / Revenue
-3.6%
Capex IntensityCapex / Revenue
0.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OTH
OTH
SPRY
SPRY
Q4 25
$-43.5M
Q3 25
$-664.2K
$-47.0M
Q2 25
$-39.6M
Q1 25
$-40.7M
Q4 24
$42.0M
Q3 24
$-14.5M
Q2 24
$-7.3M
Q1 24
$-6.7M
Free Cash Flow
OTH
OTH
SPRY
SPRY
Q4 25
Q3 25
$-867.2K
$-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
OTH
OTH
SPRY
SPRY
Q4 25
Q3 25
-3.6%
-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
OTH
OTH
SPRY
SPRY
Q4 25
0.0%
Q3 25
0.8%
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
OTH
OTH
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

OTH
OTH

Segment breakdown not available.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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