SPRUCE BIOSCIENCES, INC.

For the period ended Dec 31, 2025. Filed Mar 9, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 9, 2026

SPRB$49.34+6.0%Stored close · as of Nov 9, 2026

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Contents

Balance Sheets

(in thousands, except share and per share amounts)

	December 31,
	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$48,906	$38,753
Prepaid expenses	353	3,177
Other current assets	2,853	2,276
Total current assets	52,112	44,206
Right-of-use assets	666	934
Other assets	243	69
Total assets	$53,021	$45,209
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$943	$1,295
Accrued expenses and other current liabilities	9,143	12,329
Term loan, current portion	—	1,622
Total current liabilities	10,086	15,246
Lease liabilities, net of current portion	419	736
Term loan, net of current portion	—	124
Other liabilities	—	282
Total liabilities	10,505	16,388
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of December 31, 2025 and 2024	—	—
Common stock, $0.0001 par value; 200,000,000 shares authorized as of December 31, 2025 and 2024; 1,372,043 and 563,042 shares issued and outstanding as of December 31, 2025 and 2024, respectively	—	—
Additional paid-in capital	331,750	279,089
Accumulated deficit	(289,234)	(250,268)
Total stockholders’ equity	42,516	28,821
Total liabilities and stockholders’ equity	$53,021	$45,209

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.