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Company Information

Company Name
Spruce Biosciences, Inc. Common Stock
Sector
Healthcare
Industry
Biotechnology
Exchange
NASDAQ
ISIN: US85209E1091
CIK: 0001683553
CUSIP: 85209E109
Currency: USD
Full Time Employees: 9
Phone: 415 655 4168
Fiscal Year End: December
IPO Date: Oct 09, 2020
Description:

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, and SPR204, a monoclonal antibody antagonist for Post-Bariatric Hypoglycemia. 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.

Address:

611 Gateway Boulevard, South San Francisco, CA, United States, 94080

Directors & Officers

Name Title Year Born
Mr. Michael G. Grey Executive Chairman 1953
Dr. Javier Szwarcberg M.D., M.P.H. CEO & Director 1970
Mr. Samir M. Gharib CPA, M.B.A. President & CFO 1982
Dr. Kirk Ways M.D., Ph.D. Chief Medical Officer & Director 1952
Mr. Bruno Gagnon BPHARM, M.Sc. Senior Vice President of Clinical Development Operations 1969
Dr. Daven Mody Pharm.D. Senior Vice President of Regulatory & Quality NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
The Carlyle Group Inc 2.90M Sep 30, 2025 0.00% $0.57 0.00%
Wellington Management Company LLP 58.95K Dec 31, 2025 10.47% $0.00 0.00%
ADAR1 Capital Management LLC 58.00K Dec 31, 2025 10.30% $0.37 0.00%
Alyeska Investment Group, L.P. 51.67K Dec 31, 2025 9.18% $0.01 0.00%
BOOTHBAY FUND MANAGEMENT, LLC 47.93K Dec 31, 2025 8.51% $0.06 0.00%
Balyasny Asset Management LLC 40.00K Dec 31, 2025 7.10% $0.00 0.00%
Cable Car Capital LLC 26.67K Sep 30, 2025 4.74% $0.10 0.00%
Schonfeld Strategic Advisors LLC 24.77K Dec 31, 2025 4.40% $0.01 0.00%
Stonepine Capital Management Llc 19.74K Dec 31, 2025 3.51% $1.26 0.00%
Vanguard Group Inc 17.87K Dec 31, 2025 3.17% $0.00 0.00%
Ikarian Capital, LLC 13.33K Sep 30, 2025 2.37% $0.01 0.00%
Resolute Capital Asset Partners LLC 4.00K Dec 31, 2025 0.71% $0.17 0.00%
BNP Paribas Arbitrage, SA 2.00K Dec 31, 2025 0.36% $0.00 0.00%
Lion Point Capital, LP 1.00K Sep 30, 2025 0.18% $0.05 0.00%
Advisor Group Holdings, Inc. 133.00 Sep 30, 2025 0.02% $0.00 0.00%
UBS Group AG 132.00 Sep 30, 2025 0.02% $0.00 0.00%
Morgan Stanley - Brokerage Accounts 98.00 Sep 30, 2025 0.02% $0.00 0.00%
CALDWELL SUTTER CAPITAL INC 13.00 Sep 30, 2025 0.00% $0.00 0.00%
Bank of America Corp 3.00 Sep 30, 2025 0.00% $0.00 0.00%

Shares Statistics

Shares Outstanding: 1.07M
Shares Float: 549.10K
% Insiders: 911.90%
% Institutions: 8,675.40%
Short % Float: 7.36%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 The Carlyle Group Inc 2.90M 0.00% ▲ 0.00% Sep 30, 2025
2 Wellington Management Company LLP 58.95K 10.47% ▲ 0.00% Dec 31, 2025
3 ADAR1 Capital Management LLC 58.00K 10.30% ▲ 0.00% Dec 31, 2025
4 Alyeska Investment Group, L.P. 51.67K 9.18% ▲ 0.00% Dec 31, 2025
5 BOOTHBAY FUND MANAGEMENT, LLC 47.93K 8.51% ▲ 0.00% Dec 31, 2025
6 Balyasny Asset Management LLC 40.00K 7.10% ▲ 0.00% Dec 31, 2025
7 Cable Car Capital LLC 26.67K 4.74% ▲ 0.00% Sep 30, 2025
8 Schonfeld Strategic Advisors LLC 24.77K 4.40% ▲ 0.00% Dec 31, 2025
9 Stonepine Capital Management Llc 19.74K 3.51% ▲ 0.00% Dec 31, 2025
10 Vanguard Group Inc 17.87K 3.17% ▲ 0.00% Dec 31, 2025

Valuation Metrics

Enterprise Value: $49.59M
Trailing P/E: 0.00
Forward P/E: 0.00

Financial Highlights

Market Cap: $58.81M
EBITDA: $-49.46M
Book Value: $9.56
Earnings/Share: $-84.32
Profit Margin: 0.00%
Operating Margin: -7,100.00%
ROA (TTM): -76.92%
ROE (TTM): -167.93%
Revenue (TTM): $697.00K
Revenue/Share (TTM): $1.20
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): -75.90%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios (Yearly)

Financial Ratios (Quarterly)

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2024-12-31 2.90x 0.07x 0.36x -182.90x -0.04x
2023-12-31 4.18x 0.05x 0.26x -107.65x -0.08x
2022-12-31 6.72x 0.07x 0.20x -112.58x -0.11x
2021-12-31 10.36x 0.05x 0.12x -121.93x -0.13x
2020-12-31 16.43x 0.03x 0.08x -91.07x -0.16x
2019-12-31 1.08x -0.15x 7.53x -201.65x -0.34x
2018-12-31 1.76x 0.00x 4.73x N/A 0.00x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Oct 06, 2025 Parkman Healthcare Partners Ll N/A Purchase 256.00 $17.91 $4.58K
Oct 06, 2025 Parkman Healthcare Partners Ll N/A Sale 257.00 $19.14 $4.92K

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