No. Not only are there factory presets built into the amp, there are a lot more presets you can find in the accompanying Spark app. Furthermore, you can find thousands more presets free of charge when you log into Spark’s ToneCloud. Please refer to this link to learn more about ToneCloud.
Additionally, you may purchase the expansion pack(s) for Spark to enjoy more amp/effect options, which will grant you access to more presets.