marketcaparena

SPRB

SPRUCE BIOSCIENCES, INC.

Company overview

Market capitalization
$136.54M
Employees
8
Latest publication
2026-09-29
About SPRUCE BIOSCIENCES, INC.

Spruce Biosciences, Inc. is a biopharmaceutical company focused on developing and commercializing novel therapies for neurological disorders. The company develops TA-ERT, a fusion protein comprised of recombinant human alpha-N-acetylglucosaminidase, which is an enzyme replacement therapy for patients with Sanfilippo Syndrome Type B. It also develops Tildacerfont for treating a highly debilitating mental disorder characterized by depressed mood with cognitive-affective and somatic changes, including anhedonia, weight alterations, and altered sleeping patterns. In addition, the company develops SPR202 for the treatment of Congenital Adrenal Hyperplasia (CAH), a chronic and potentially life-threatening rare disease with no cure. The company has a license agreement with Eli Lilly and Company to research, develop, and commercialize various pharmaceutical compounds. It also has a collaboration and license agreement with Kaken Pharmaceutical Co. Ltd. to develop, manufacture, and commercialize Tildacerfont for the treatment of CAH in Japan. Spruce Biosciences, Inc. was incorporated in 2014 and is headquartered in South San Francisco, California.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Total Revenue0USD0USD0USD0USD697,000USD697,000USD602,000USD1,610,000USD
Research Development7,575,000USD4,104,000USD5,011,000USD430,000USD10,837,000USD21,457,000USD6,554,000USD8,090,000USD
Selling General Administrative4,412,000USD6,996,000USD3,218,000USD3,122,000USD3,655,000USD3,314,000USD3,456,000USD3,556,000USD
Total Operating Expenses11,987,000USD11,100,000USD8,229,000USD2,692,000USD14,492,000USD24,771,000USD10,010,000USD11,646,000USD
Operating Income-11,987,000USD-11,100,000USD-8,229,000USD-2,692,000USD-14,492,000USD-24,074,000USD-9,408,000USD-10,036,000USD
Interest Income486,000USD40,000USD36,000USD654,000USD487,000USD571,000USD808,000USD938,000USD
Interest Expense674,000USD6,000USD19,000USD29,000USD36,000USD56,000USD71,000USD83,000USD
Net Interest Income-188,000USD-46,000USD17,000USD625,000USD451,000USD515,000USD737,000USD855,000USD
Income Before Tax-12,266,000USD-14,646,000USD-8,212,000USD-2,067,000USD-14,041,000USD-23,559,000USD-8,671,000USD-9,181,000USD
Net Income-12,266,000USD-14,646,000USD-8,212,000USD-2,067,000USD-14,041,000USD-23,559,000USD-8,671,000USD-9,181,000USD
Net Income From Continuing Ops-12,266,000USD-14,646,000USD-8,212,000USD-2,067,000USD-14,041,000USD-23,559,000USD-8,671,000USD-9,181,000USD
Ebitda-11,987,000USD-14,635,000USD-8,190,000USD-2,031,000USD-13,999,000USD—-8,590,000USD-9,086,000USD
Reconciled Depreciation252,000USD5,000USD3,000USD7,000USD6,000USD9,000USD10,000USD12,000USD
Total Other Income Expense Net-279,000USD-3,546,000USD17,000USD625,000USD451,000USD—737,000USD855,000USD
Cost Of Revenue—5,000USD—————8,090,000USD
Gross Profit—-5,000USD——697,000USD—602,000USD1,610,000USD
Ebit—-14,640,000USD-8,193,000USD-2,038,000USD-14,005,000USD—-8,600,000USD-9,098,000USD
Depreciation And Amortization—5,000USD3,000USD7,000USD6,000USD—10,000USD12,000USD
Selling And Marketing Expenses———————12,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Revenue0USD4,911,000USD10,089,000USD1,964,000USD0USD0USD0USD0USD
Cost Of Revenue21,000USD—49,432,000USD429,000USD381,000USD102,000USD12,000USD1,000USD
Gross Profit-21,000USD4,911,000USD10,089,000USD-429,000USD-381,000USD-102,000USD-12,000USD-1,000USD
Research Development19,522,000USD46,418,000USD49,432,000USD35,198,000USD30,698,000USD23,854,000USD10,817,000USD8,403,000USD
Selling General Administrative16,991,000USD14,644,000USD12,650,000USD12,085,000USD11,368,000USD5,562,000USD2,290,000USD1,569,000USD
Total Operating Expenses36,513,000USD61,062,000USD62,082,000USD47,283,000USD42,066,000USD29,416,000USD13,107,000USD9,972,000USD
Operating Income-36,513,000USD-56,151,000USD-51,993,000USD-47,283,000USD-42,066,000USD-29,416,000USD-13,107,000USD-9,972,000USD
Interest Income1,137,000USD3,422,000USD4,332,000USD1,523,000USD119,000USD———
Interest Expense90,000USD307,000USD483,000USD420,000USD345,000USD323,000USD65,000USD0USD
Net Interest Income1,047,000USD3,115,000USD3,826,000USD1,103,000USD-345,000USD-323,000USD-65,000USD0USD
Income Before Tax-38,966,000USD-53,036,000USD-47,919,000USD-46,180,000USD-42,292,000USD-29,539,000USD-13,088,000USD-9,858,000USD
Net Income-38,966,000USD-53,036,000USD-47,919,000USD-46,180,000USD-42,292,000USD-29,539,000USD-13,237,000USD-9,858,000USD
Net Income From Continuing Ops-38,966,000USD-53,036,000USD-49,113,000USD-46,180,000USD-42,292,000USD-29,539,000USD-13,088,000USD-9,858,000USD
Ebit-38,876,000USD-52,729,000USD-47,436,000USD-45,760,000USD-41,947,000USD-29,416,000USD-13,023,000USD-9,972,000USD
Ebitda-38,855,000USD-52,683,000USD-47,366,000USD-45,686,000USD-41,879,000USD-29,380,000USD-13,011,000USD-9,971,000USD
Depreciation And Amortization21,000USD46,000USD70,000USD74,000USD68,000USD36,000USD12,000USD1,000USD
Reconciled Depreciation21,000USD46,000USD78,000USD74,000USD68,000USD36,000USD12,000USD1,000USD
Total Other Income Expense Net-2,453,000USD3,115,000USD4,074,000USD1,103,000USD-226,000USD-123,000USD19,000USD114,000USD
Selling And Marketing Expenses——70,000USD—————
Income Tax Expense——-97,895USD-1,103,000USD396,000USD487,000USD149,000USD114,000USD
Non Operating Income Net Other———1,523,000USD—200,000USD——
Net Income Applicable To Common Shares———-46,180,000USD-42,292,000USD-29,539,000USD-13,088,000USD-9,858,000USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets102,852,000USD56,166,000USD53,021,000USD15,313,000USD21,820,000USD31,649,000USD45,209,000USD65,102,000USD
Cash And Equivalents96,295,000USD———————
Total Current Assets101,154,000USD55,032,000USD52,112,000USD14,516,000USD20,953,000USD30,576,000USD44,206,000USD63,573,000USD
Other Current Assets234,000USD952,000USD3,206,000USD3,847,000USD4,566,000USD4,961,000USD2,276,000USD3,518,000USD
Other Non Current Assets1,175,000USD———————
Total Liabilities19,122,000USD———————
Total Current Liabilities10,963,000USD11,784,000USD10,086,000USD9,427,000USD8,060,000USD15,666,000USD15,246,000USD11,858,000USD
Other Current Liabilities7,254,000USD———————
Total Stockholder Equity83,730,000USD34,648,000USD42,516,000USD5,386,000USD13,180,000USD15,324,000USD28,821,000USD51,638,000USD
Total Equity Including Noncontrolling Interest83,730,000USD———————
Short Long Term Debt2,500,000USD1,000,000USD—539,000USD943,000USD1,345,000USD1,622,000USD1,622,000USD
Long Term Debt4,591,000USD5,464,000USD————124,000USD524,000USD
Accounts Payable1,209,000USD2,683,000USD943,000USD1,386,000USD807,000USD1,879,000USD1,295,000USD1,799,000USD
Common Stock0USD————4,000USD—4,000USD
Retained Earnings-317,729,000USD-301,500,000USD-289,234,000USD-274,588,000USD-266,376,000USD-264,309,000USD-250,268,000USD-226,709,000USD
Total Liab—21,518,000USD10,505,000USD9,927,000USD8,640,000USD16,325,000USD16,388,000USD13,464,000USD
Other Current Liab—7,775,000USD8,826,000USD7,193,000USD6,010,000USD12,151,000USD—7,465,000USD
Capital Stock—0USD0USD0USD0USD4,000USD0USD4,000USD
Cash—54,080,000USD48,906,000USD10,669,000USD16,387,000USD25,615,000USD38,753,000USD60,055,000USD
Cash And Short Term Investments—54,080,000USD48,906,000USD10,669,000USD16,387,000USD25,615,000USD—60,055,000USD
Net Debt—-46,958,000USD-48,170,000USD-9,321,000USD-14,564,000USD-23,320,000USD—-56,825,000USD
Short Term Debt—1,326,000USD317,000USD848,000USD1,243,000USD1,636,000USD—1,897,000USD
Short Long Term Debt Total—7,122,000USD736,000USD1,348,000USD1,823,000USD2,295,000USD—3,230,000USD
Property Plant Equipment Net—595,000USD666,000USD735,000USD803,000USD869,000USD934,000USD998,000USD
Property Plant Equipment Gross—595,000USD666,000USD735,000USD803,000USD869,000USD934,000USD998,000USD
Common Stock Shares Outstanding—1,372,084shares766,598shares563,066shares606,294shares571,284shares563,083shares536,933shares
Non Current Assets Total—1,134,000USD909,000USD797,000USD867,000USD1,073,000USD1,003,000USD1,529,000USD
Non Current Liabilities Total—9,734,000USD419,000USD500,000USD580,000USD659,000USD1,142,000USD1,606,000USD
Non Currrent Assets Other—503,000USD207,000USD27,000USD64,000USD204,000USD69,000USD531,000USD
Net Working Capital—43,248,000USD42,026,000USD5,089,000USD12,893,000USD14,910,000USD28,960,000USD51,715,000USD
Unclassified Non Current Liabilities—4,270,000USD——————
Unclassified Equity—336,148,000USD331,750,000USD279,974,000USD279,556,000USD279,625,000USD279,089,000USD278,339,000USD
Unclassified Current Liabilities—————-1,345,000USD12,329,000USD-1,622,000USD
Non Current Liabilities Other——————282,000USD273,000USD
Unclassified Current Assets——————3,177,000USD—
Current Deferred Revenue———————697,000USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Assets53,021,000USD45,209,000USD103,946,000USD85,648,000USD126,486,000USD162,883,000USD4,692,000USD4,775,000USD
Other Current Assets3,206,000USD5,453,000USD5,844,000USD4,531,000USD2,926,000USD3,247,000USD728,000USD661,000USD
Total Liab10,505,000USD16,388,000USD27,437,000USD17,162,000USD15,115,000USD13,456,000USD35,329,000USD22,577,000USD
Total Stockholder Equity42,516,000USD28,821,000USD76,509,000USD68,486,000USD111,371,000USD149,427,000USD-30,637,000USD-17,802,000USD
Other Current Liab8,826,000USD12,046,000USD14,349,000USD9,260,000USD5,688,000USD3,332,000USD1,173,000USD405,000USD
Capital Stock0USD4,000USD4,000USD3,000USD3,000USD2,000USD1,000USD1,000USD
Retained Earnings-289,234,000USD-250,268,000USD-197,232,000USD-149,313,000USD-103,133,000USD-60,841,000USD-31,302,000USD-18,214,000USD
Cash48,906,000USD38,753,000USD96,339,000USD24,487,000USD42,748,000USD157,150,000USD3,924,000USD4,112,000USD
Cash And Short Term Investments48,906,000USD38,753,000USD96,339,000USD79,077,000USD88,969,000USD157,150,000USD3,924,000USD4,112,000USD
Total Current Assets52,112,000USD44,206,000USD102,183,000USD83,608,000USD91,895,000USD160,397,000USD4,652,000USD4,773,000USD
Total Current Liabilities10,086,000USD15,246,000USD24,465,000USD12,447,000USD8,871,000USD9,763,000USD4,303,000USD2,705,000USD
Net Debt-48,170,000USD-35,988,000USD-91,730,000USD-18,172,000USD-36,217,000USD-150,772,000USD521,000USD-4,112,000USD
Short Term Debt317,000USD1,905,000USD1,873,000USD1,761,000USD360,000USD2,803,000USD1,252,000USD—
Short Long Term Debt Total736,000USD2,765,000USD4,609,000USD6,315,000USD6,531,000USD6,378,000USD4,445,000USD—
Accounts Payable943,000USD1,295,000USD3,332,000USD1,426,000USD2,823,000USD3,628,000USD1,878,000USD2,300,000USD
Property Plant Equipment Net666,000USD934,000USD1,181,000USD1,400,000USD1,479,000USD1,866,000USD——
Property Plant Equipment Gross666,000USD934,000USD1,181,000USD1,400,000USD1,479,000USD1,793,000USD——
Common Stock Shares Outstanding766,598shares536,444shares500,633shares611,705shares607,397shares604,770shares578,853shares19,875shares
Non Current Assets Total909,000USD1,003,000USD1,763,000USD2,040,000USD34,591,000USD2,486,000USD40,000USD2,000USD
Non Current Liabilities Total419,000USD1,142,000USD2,972,000USD4,715,000USD6,244,000USD3,693,000USD31,026,000USD19,872,000USD
Non Currrent Assets Other243,000USD69,000USD582,000USD55,175,410USD653,000USD620,000USD40,000USD2,000USD
Net Working Capital42,026,000USD28,960,000USD77,718,000USD71,161,000USD83,024,000USD150,634,000USD349,000USD2,068,000USD
Unclassified Equity331,750,000USD279,081,000USD273,733,000USD218,351,000USD214,682,000USD210,264,000USD28,476,000USD—
Common Stock—4,000USD4,000USD3,000USD3,000USD2,000USD1,000USD1,000USD
Short Long Term Debt—1,622,000USD1,622,000USD1,622,000USD—2,554,000USD1,252,000USD—
Long Term Debt—124,000USD1,717,000USD3,293,000USD4,878,000USD1,922,000USD3,193,000USD—
Non Current Liabilities Other—282,000USD236,000USD1,422,000USD73,000USD118,000USD20,000USD—
Unclassified Current Liabilities—-1,622,000USD-1,622,000USD-1,622,000USD—-2,554,000USD-1,252,000USD—
Other Assets——1USD640,000USD513,000USD2,486USD40,000USD2,000USD
Current Deferred Revenue——4,911,000USD—————
Short Term Investments——0USD54,590,000USD46,221,000USD0USD——
Accumulated Other Comprehensive Income——0USD-558,000USD-184,000USD0USD-27,813,000USD0USD
Unclassified Non Current Liabilities——1,019,000USD—1,220,000USD1,535,000USD27,793,000USD19,872,000USD
Other Liab———161,000USD73,000USD118,000USD20,000USD—
Long Term Investments———0USD32,459,000USD0USD——
Net Tangible Assets———68,486,000USD111,371,000USD149,427,000USD-30,637,000USD-17,802,000USD
Unclassified Non Current Assets———-55,175,410USD————
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Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-12,266,000USD-14,646,000USD-8,212,000USD-2,067,000USD-14,041,000USD-23,559,000USD-8,671,000USD-9,181,000USD
Depreciation252,000USD5,000USD3,000USD7,000USD6,000USD9,000USD10,000USD12,000USD
Stock Based Compensation689,000USD1,692,000USD415,000USD-77,000USD544,000USD961,000USD1,140,000USD1,685,000USD
Other Non Cash Items1,103,000USD4,086,000USD170,000USD-395,000USD-93,000USD64,000USD62,000USD63,000USD
Change In Working Capital2,431,000USD2,407,000USD2,308,000USD-6,296,000USD857,000USD1,848,000USD-1,764,000USD-3,685,000USD
Total Cash From Operating Activities-8,732,000USD-6,456,000USD-5,316,000USD-8,828,000USD-12,727,000USD-20,677,000USD-9,223,000USD-11,106,000USD
Capital Expenditures-10,000USD0USD0USD0USD0USD0USD0USD0USD
Free Cash Flow-8,742,000USD-6,456,000USD-5,316,000USD-8,828,000USD-12,727,000USD-20,677,000USD-9,223,000USD-11,106,000USD
Total Cashflows From Investing Activities-10,000USD———————
Net Borrowings14,146,000USD-841,000USD-405,000USD-406,000USD-405,000USD-406,000USD-405,000USD—
Total Cash From Financing Activities13,916,000USD44,694,000USD-402,000USD-400,000USD-411,000USD-625,000USD-405,000USD-365,000USD
Change In Cash5,174,000USD38,273,000USD-5,718,000USD-9,228,000USD-13,138,000USD-21,302,000USD-9,628,000USD-11,471,000USD
Begin Period Cash Flow48,906,000USD10,669,000USD16,387,000USD25,650,000USD38,788,000USD60,090,000USD69,718,000USD81,154,000USD
End Period Cash Flow54,080,000USD48,942,000USD10,669,000USD16,422,000USD25,650,000USD38,788,000USD60,090,000USD69,683,000USD
Other Cashflows From Financing Activities-230,000USD-6,589,000USD-402,000USD6,000USD-6,000USD——-11,000USD
Sale Purchase Of Stock—25,000USD3,000USD————-11,000USD
Unclassified Financing Cash Flow—52,099,000USD——————
Investments—————0USD0USD0USD
Issuance Of Capital Stock—————0USD0USD0USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Net Income-38,966,000USD-53,036,000USD-47,919,000USD-46,180,000USD-42,292,000USD-29,539,000USD-13,088,000USD-9,858,000USD
Depreciation21,000USD46,000USD70,000USD429,000USD68,000USD36,000USD12,000USD1,000USD
Stock Based Compensation2,574,000USD5,348,000USD4,622,000USD3,631,000USD3,958,000USD755,000USD196,000USD101,000USD
Other Non Cash Items3,768,000USD249,000USD-404,000USD2,936,000USD434,000USD66,000USD446,000USD-1,594,000USD
Change In Working Capital-724,000USD-8,571,000USD10,356,000USD1,132,000USD1,955,000USD1,163,000USD263,000USD1,186,000USD
Total Cash From Operating Activities-33,327,000USD-55,964,000USD-33,275,000USD-41,683,000USD-35,877,000USD-27,519,000USD-12,617,000USD-8,570,000USD
Capital Expenditures0USD0USD-7,000USD-8,000USD-93,000USD-74,000USD-4,000USD-4,000USD
Free Cash Flow-33,327,000USD-55,964,000USD-33,282,000USD-41,691,000USD-35,970,000USD-27,593,000USD-12,621,000USD-8,570,000USD
Net Borrowings-2,057,000USD-1,622,000USD-1,622,000USD0USD230,000USD230,000USD4,500,000USD4,500,000USD
Total Cash From Financing Activities43,481,000USD-1,622,000USD49,140,000USD-241,000USD643,000USD181,035,000USD12,433,000USD12,433,000USD
Sale Purchase Of Stock25,000USD66,000USD-311,000USD-40,000USD134,000USD93,402,000USD——
Issuance Of Capital Stock50,000,000USD0USD53,616,000USD0USD96,255,000USD183,888,000USD7,941,000USD0USD
Change In Cash10,154,000USD-57,586,000USD71,642,000USD-18,045,000USD-114,402,000USD153,442,000USD-188,000USD-8,570,000USD
Begin Period Cash Flow38,788,000USD96,339,000USD24,732,000USD42,748,000USD157,366,000USD3,924,000USD4,112,000USD12,682,000USD
End Period Cash Flow48,942,000USD38,753,000USD96,374,000USD24,703,000USD42,964,000USD157,366,000USD3,924,000USD4,112,000USD
Other Cashflows From Financing Activities-4,532,000USD-246,000USD-2,854,000USD-40,000USD423,000USD87,684,000USD7,941,000USD-8,000USD
Unclassified Financing Cash Flow50,045,000USD—54,096,000USD———-7,949,000USD7,941,000USD
Investments—0USD55,777,000USD23,700,000USD-79,075,000USD-74,000USD-4,000USD-79,075,000USD
Total Cashflows From Investing Activities——55,777,000USD23,692,000USD-79,168,000USD-74,000USD-4,000USD-4,000USD
Dividends Paid——-169,000USD—-423,000USD———
Change To Liabilities———1,859,000USD1,149,000USD3,733,000USD-226,000USD1,697,000USD
Cash And Cash Equivalents Changes———-18,232,000USD—153,442,000USD——
Other Cashflows From Investing Activities———23,700,000USD-121,000USD———
Unclassified Operating Cash Flow———-3,631,000USD———1,594,000USD
Unclassified Investing Cash Flow———-23,700,000USD———79,075,000USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.