SPRUCE BIOSCIENCES, INC.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Collaboration revenue | $— | $4,911 |
| Operating expenses: | ||
| Research and development | 19,522 | 46,418 |
| General and administrative | 16,991 | 14,644 |
| Total operating expenses | 36,513 | 61,062 |
| Loss from operations | (36,513) | (56,151) |
| Interest expense | (90) | (307) |
| Change in fair value of warrant liability | (3,500) | — |
| Interest and other income, net | 1,137 | 3,422 |
| Net loss and comprehensive loss | (38,966) | (53,036) |
| Net loss per share, basic and diluted | $(50.83) | $(96.40) |
| Weighted-average shares of common stock outstanding, basic and diluted | 766,598 | 550,146 |
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