Skip to main content

SpyGlass Pharma, Inc.

For the period ended Mar 31, 2026. Filed May 14, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 14, 2026

SGP$36.95+8.4%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

Page
PART IFINANCIAL INFORMATION6
Item 1Financial Statements (Unaudited)6
Condensed Balance Sheets6
Condensed Statements of Operations and Comprehensive Loss7
Condensed Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit)8
Condensed Statements of Cash Flows9
Notes to Condensed Financial Statements10
Item 2Management's Discussion and Analysis of Financial Condition and Results of Operations20
Item 3Quantitative and Qualitative Disclosures About Market Risk27
Item 4Controls and Procedures27
PART IIOTHER INFORMATION28
Item 1Legal Proceedings28
Item 1ARisk Factors28
Item 2Unregistered Sales of Equity Securities and Use of Proceeds88
Item 3Defaults Upon Senior Securities88
Item 4Mine Safety Disclosures89
Item 5Other Information89
Item 6Exhibits89
Signatures91

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), that are based on our management’s beliefs and assumptions and on information currently available to our management. All statements other than statements of historical fact contained in this Quarterly Report, including statements regarding our plans, objectives, goals, strategies, future events, future revenues or performance, financing needs, plans, or intentions relating to product candidates and markets and business trends are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential”, “aim” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.

These statements involve known and unknown risks, uncertainties, and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained in this Quarterly Report include, but are not limited to, statements about:

nthe likelihood of our clinical trials demonstrating safety and efficacy of our product candidates, and other positive results;

nthe timing, progress and results of our ongoing and planned clinical trials for our current product candidates, including statements regarding enrollment, the timing of completion of trials, and the reporting of data from our current trials, as well as the timing, progress and results of our current and future preclinical studies;

nour plans relating to the clinical development of our product candidates, including the size, number and areas to be evaluated;

nour estimates regarding the total addressable market for our product candidates;

nour plans relating to commercializing our product candidates, if approved, including the geographic areas of focus and sales strategy;

nour competitive position and the success of competing products that are or may become available;

nthe rate and degree of market acceptance by physicians, surgeons and patients, including the perceived clinical utility of our current product candidates and other product candidates we may develop;

nthe need to hire additional personnel and our ability to attract and retain such personnel;

nthe timing, scope and likelihood of regulatory filings and approvals for our current product candidates;

nour ability to obtain and maintain regulatory approval of our product candidates, including our lead product candidate, the Bimatoprost Drug Pad-IOL System (the BIM-IOL System);

nour expectations regarding third-party coverage, reimbursement policies and pricing regulations applicable to our product candidates, if approved;

nour plans relating to the further development and manufacturing of our product candidates and any future product candidates;

nthe impact of existing laws and regulations and regulatory developments in the United States and other jurisdictions;

nour ability to maintain compliance with our license agreement with the Regents of the University of Colorado, including efforts to meet the development and commercial milestones thereunder, and otherwise maintain our intellectual property rights thereunder;

nour intellectual property position, including the scope of protection we are able to establish and maintain for intellectual property rights covering our current product candidates;

nour continued reliance on third parties, including clinical sites, to conduct additional clinical trials of our product candidates, and for the manufacture of our product candidates for clinical trials and commercialization of our product candidates, if approved;

nthe accuracy of our estimates regarding expenses, future revenue, capital requirements and needs for additional financing;

nour financial performance;

nthe period over which we estimate our existing cash and cash equivalents and short-term investments will be sufficient to fund our future operating expenses and capital expenditure requirements;

nour expectations regarding the period during which we will remain an emerging growth company and smaller reporting company under the Jumpstart Our Business Startups Acts of 2012, as amended (the JOBS Act); and

nremediating the material weakness in our internal control over financial reporting.

We caution you that the foregoing list may not contain all of the forward-looking statements made in this Quarterly Report.

You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Quarterly Report primarily on our current expectations and projections about future events and trends that we believe may affect our business, operating results, financial condition and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including those described in the section titled “Risk Factors” and elsewhere in this Quarterly Report. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.

Neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Moreover, the forward-looking statements made in this Quarterly Report relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this Quarterly Report to reflect events or circumstances after the date of this Annual Report or to reflect new information or the occurrence of unanticipated events, except as required by law. You should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments we may make.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Quarterly Report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

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.