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Side-by-side financial comparison of ARS Pharmaceuticals, Inc. (SPRY) and Ucommune International Ltd (UK). Click either name above to swap in a different company.

ARS Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($28.1M vs $16.4M, roughly 1.7× Ucommune International Ltd). Ucommune International Ltd runs the higher net margin — -42.2% vs -147.1%, a 105.0% gap on every dollar of revenue. On growth, Ucommune International Ltd posted the faster year-over-year revenue change (-56.1% 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.

Ucommune International Ltd., formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, Ucommune had completed i...

SPRY vs UK — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.7× larger
SPRY
$28.1M
$16.4M
UK
Growing faster (revenue YoY)
UK
UK
+11.5% gap
UK
-56.1%
-67.6%
SPRY
Higher net margin
UK
UK
105.0% more per $
UK
-42.2%
-147.1%
SPRY

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
SPRY
SPRY
UK
UK
Revenue
$28.1M
$16.4M
Net Profit
$-41.3M
$-6.9M
Gross Margin
Operating Margin
-147.6%
-23.6%
Net Margin
-147.1%
-42.2%
Revenue YoY
-67.6%
-56.1%
Net Profit YoY
-182.8%
-30.2%
EPS (diluted)
$-0.41
$-8.55

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
SPRY
SPRY
UK
UK
Q4 25
$28.1M
Q3 25
$32.5M
Q2 25
$15.7M
Q1 25
$8.0M
Q4 24
$86.6M
Q3 24
$2.1M
Q2 24
$500.0K
$16.4M
Q1 24
$0
Net Profit
SPRY
SPRY
UK
UK
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
$-6.9M
Q1 24
$-10.3M
Operating Margin
SPRY
SPRY
UK
UK
Q4 25
-147.6%
Q3 25
-163.7%
Q2 25
-302.9%
Q1 25
-466.3%
Q4 24
54.5%
Q3 24
-1051.6%
Q2 24
-3068.0%
-23.6%
Q1 24
Net Margin
SPRY
SPRY
UK
UK
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%
-42.2%
Q1 24
EPS (diluted)
SPRY
SPRY
UK
UK
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
$-8.55
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
SPRY
SPRY
UK
UK
Cash + ST InvestmentsLiquidity on hand
$245.0M
$10.7M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$114.3M
$4.7M
Total Assets
$327.7M
$68.0M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRY
SPRY
UK
UK
Q4 25
$245.0M
Q3 25
$288.2M
Q2 25
$240.1M
Q1 25
$275.7M
Q4 24
$314.0M
Q3 24
$204.6M
Q2 24
$218.7M
$10.7M
Q1 24
$223.6M
Total Debt
SPRY
SPRY
UK
UK
Q4 25
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SPRY
SPRY
UK
UK
Q4 25
$114.3M
Q3 25
$147.7M
Q2 25
$192.3M
Q1 25
$229.0M
Q4 24
$256.8M
Q3 24
$201.0M
Q2 24
$215.2M
$4.7M
Q1 24
$223.9M
Total Assets
SPRY
SPRY
UK
UK
Q4 25
$327.7M
Q3 25
$372.8M
Q2 25
$313.5M
Q1 25
$327.3M
Q4 24
$351.2M
Q3 24
$217.6M
Q2 24
$222.0M
$68.0M
Q1 24
$227.6M
Debt / Equity
SPRY
SPRY
UK
UK
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
SPRY
SPRY
UK
UK
Operating Cash FlowLast quarter
$-43.5M
$-677.0K
Free Cash FlowOCF − Capex
$-892.0K
FCF MarginFCF / Revenue
-5.5%
Capex IntensityCapex / Revenue
0.0%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRY
SPRY
UK
UK
Q4 25
$-43.5M
Q3 25
$-47.0M
Q2 25
$-39.6M
Q1 25
$-40.7M
Q4 24
$42.0M
Q3 24
$-14.5M
Q2 24
$-7.3M
$-677.0K
Q1 24
$-6.7M
Free Cash Flow
SPRY
SPRY
UK
UK
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
$-892.0K
Q1 24
$-6.8M
FCF Margin
SPRY
SPRY
UK
UK
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%
-5.5%
Q1 24
Capex Intensity
SPRY
SPRY
UK
UK
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%
1.3%
Q1 24
Cash Conversion
SPRY
SPRY
UK
UK
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

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

UK
UK

Segment breakdown not available.

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