Spruce Biosciences (SPRB)

NasdaqMarket Closed

Spruce Biosciences, Inc. is a biopharmaceutical company focused on developing treatments for rare diseases where patients have few, or in some cases no, approved therapeutic options. Its work sits in the high-risk clinical-stage drug development market, where value is driven by progress through trials, regulatory interactions, intellectual property and the medical need addressed by each candidate.

The company’s pipeline includes therapies designed for serious inherited and endocrine-related disorders. One product candidate described in its portfolio is TA-ERT, an enzyme replacement therapy being developed for Mucopolysaccharidosis Type IIIB, also known as Sanfilippo syndrome type B. MPS IIIB is a rare lysosomal storage disorder caused by deficient activity of the alpha-N-acetylglucosaminidase enzyme, leading to accumulation of heparan sulfate and progressive neurological decline.

TA-ERT is engineered as a fusion protein containing recombinant human alpha-N-acetylglucosaminidase. It is intended to restore missing enzyme activity in the central nervous system and support clearance of accumulated substrate in the brain. Because the disease primarily affects neurological function, the candidate is designed for intracerebroventricular administration, a delivery approach intended to reach the central nervous system more directly than conventional systemic dosing.

Spruce’s investment case is therefore closely linked to clinical execution, safety and efficacy data, manufacturing capability and the regulatory pathway for rare disease therapies. Companies in this area can benefit from orphan-drug incentives and high unmet need, but they also face material uncertainty, including small patient populations, complex trial design and the need to demonstrate meaningful clinical benefit in severe, progressive disorders.

58.65USD
59.82 USD
+7.07(+13.71%)
Pre-market

Last updated

Market Cap
$148,241,591
P/E
P/FCF
P/S
Enterprise Value
$59,037,591
Sector
Materials
Industry
Pharmaceutical Preparations
Address
611 GATEWAY BOULEVARD, SUITE 740, SOUTH SAN FRANCISCO, CA, 94080
Market Cap
$148,241,591
Enterprise Value
$59,037,591
P/E
P/B
1.77
P/S
EV / EBITDA
-1.26
EV / Sales
EPS
-17.87
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$42,769,000
ROE
-61.33%
ROA
-49.93%
Debt / Equity
0.08
Current Ratio
9.23
Quick Ratio
9.23
Cash
8.78
Avg Volume
$54,818
Fundamentals Snapshot Price
51.58

Income Statement

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Revenue00000
Cost of revenue00000
Gross profit00000
Operating income-16.51M-11.99M-11.1M-8.23M-2.69M
EBITDA-15.88M-11.74M-11.1M-8.23M-2.69M
Net income-16.23M-12.27M-14.65M-8.21M-2.07M
Income taxes00000
Interest expense-1.1M-674K-6K-19K-29K
Other operating expenses00000
Total operating expenses16.51M11.99M11.1M8.23M2.69M
Basic EPS-6.68-8.94-11.04-14.58-3.5
Diluted EPS-6.68-8.94-11.04-14.58-3.5

Balance Sheet

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Total assets102.85M56.17M53.02M15.31M21.82M
Total liabilities19.12M21.52M10.51M9.93M8.64M
Total equity83.73M34.65M42.52M5.39M13.18M
Cash & equivalents96.3M54.08M48.91M10.67M16.39M
Current assets101.15M55.03M52.11M14.52M20.95M
Current liabilities10.96M11.78M10.09M9.43M8.06M
Accounts payable1.21M2.68M943K1.39M807K
Receivables00000
Inventories00000
Goodwill00000
Long-term debt4.59M5.46M000

Cash Flow

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Operating cash flow-22.12M-8.73M-6.46M-5.32M-8.83M
Investing cash flow-135K-10K000
Financing cash flow64.47M13.92M44.69M-402K-400K
Change in cash42.22M5.17M38.24M-5.72M-9.23M
Net income-16.23M-12.27M-14.65M-8.21M-2.07M
KindFilingDateLink
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
edgar index10-Q — SPRUCE BIOSCIENCES, INC.View Filing
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edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
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edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — Quartel Adrian WView Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
form 4Form 4 — Szwarcberg Javier B.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
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edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
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form 4Form 4 — SPIEGELMAN DANIEL KView Filing
form 4Form 4 — GREY MICHAEL GView Filing
form 4Form 4 — SIMPSON CAMILLA VView Filing
form 4Form 4 — Barretto-Ko PercivalView Filing
form 4Form 4 — Walbert KeliView Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
edgar index10-Q — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexS-8 — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
edgar index424B5 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index424B5 — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexDEF 14A — SPRUCE BIOSCIENCES, INC.View Filing
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edgar indexARS — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
edgar index10-K — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexS-8 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index424B5 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index3 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — Hooks Corwin DaleView Filing
ten k section10-K — businessView Filing
ten k section10-K — mdaView Filing
ten k section10-K — risk_factorsView Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13D/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G/A — SPRUCE BIOSCIENCES, INC.View Filing
edgar indexSCHEDULE 13G — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index8-K — SPRUCE BIOSCIENCES, INC.View Filing
eight k text8-K — 8-KView Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
form 4Form 4 — Szwarcberg Javier B.View Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing
edgar index4 — SPRUCE BIOSCIENCES, INC.View Filing