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Spruce Biosciences, Inc. (SPRB) 10-Year Financial Performance & Capital Metrics

SPRB • • Industrial / General
HealthcareBiotechnologyRare Genetic DiseasesGene Therapy & Rare Diseases
AboutSpruce Biosciences, Inc., a biopharmaceutical company, focuses on developing and commercializing novel therapies for rare endocrine disorders. The company engages in developing tildacerfont, a non-steroidal therapy to enhance disease control and reduce steroid burden for adult patients suffering from congenital adrenal hyperplasia (CAH), which is in Phase 2b clinical trial; and to evaluate glucocorticoid reduction and clinical consequences in adult patients with classic CAH that is Phase 2b clinical trial. It is also developing tildacerfont for the treatment of pediatric classic congenital adrenal hyperplasia in children that is in Phase 2 clinical trial; and for females with polycystic ovary syndrome, which is in Phase 2 clinical trial. The company has a license agreement with Eli Lilly and Company to research, develop, and commercialize compounds for various pharmaceutical uses. Spruce Biosciences, Inc. was incorporated in 2014 and is headquartered in Daly City, California.Show more
  • Revenue $5M -51.3%
  • EBITDA -$56M -8.1%
  • Net Income -$53M -10.7%
  • EPS (Diluted) -96.75 -4.0%
  • Gross Margin 100%
  • EBITDA Margin -1142.44% -122.0%
  • Operating Margin -1143.37% -121.9%
  • Net Margin -1079.94% -127.4%
  • ROE -100.7% -52.4%
  • ROIC -
  • Debt/Equity 0.10 +59.3%
  • Interest Coverage -182.90 -69.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 98 (top 2%)
  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-90.18%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-21.44%

EPS CAGR

10Y-
5Y-
3Y-
TTM-18.74%

ROCE

10Y Avg-262.49%
5Y Avg-57.94%
3Y Avg-73.43%
Latest-102.61%

Peer Comparison

Gene Therapy & Rare Diseases
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KRYSKrystal Biotech, Inc.8.18B282.0194.00473.02%53.3%17.48%1.46%0.01
BMRNBioMarin Pharmaceutical Inc.10.58B55.0724.9217.97%16.82%8.59%4.49%0.11
SRPTSarepta Therapeutics, Inc.2.23B21.319.1152.97%-11.25%-20.57%0.88
RAREUltragenyx Pharmaceutical Inc.2.27B23.50-3.7429.01%-91.95%-35.88%0.15
DYNDyne Therapeutics, Inc.2.7B16.42-4.87-61.26%0.04
TVTXTravere Therapeutics, Inc.2.54B28.40-6.9660.55%-20.32%-120.36%6.80
BEAMBeam Therapeutics Inc.3.25B32.05-7.00-83.18%-7.44%-42.92%0.22
SLNOSoleno Therapeutics, Inc.2.25B41.95-9.58-79.5%-15.85%0.22

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0000010.09M4.91M
Revenue Growth %-------0.51%
Cost of Goods Sold+1K12K00000
COGS % of Revenue-------
Gross Profit+-1K-12K00010.09M4.91M
Gross Margin %-----1%1%
Gross Profit Growth %--11%1%----0.51%
Operating Expenses+9.97M13.11M29.42M42.07M47.28M62.08M61.06M
OpEx % of Revenue-----6.15%12.43%
Selling, General & Admin1.57M2.29M5.56M11.37M12.09M12.65M14.64M
SG&A % of Revenue-----1.25%2.98%
Research & Development8.4M10.82M23.85M30.7M35.2M49.43M46.42M
R&D % of Revenue-----4.9%9.45%
Other Operating Expenses084K00000
Operating Income+-9.97M-13.11M-29.42M-42.07M-47.28M-51.99M-56.15M
Operating Margin %------5.15%-11.43%
Operating Income Growth %--0.31%-1.24%-0.43%-0.12%-0.1%-0.08%
EBITDA+-9.97M-13.1M-29.38M-42M-47.21M-51.92M-56.1M
EBITDA Margin %------5.15%-11.42%
EBITDA Growth %--0.31%-1.24%-0.43%-0.12%-0.1%-0.08%
D&A (Non-Cash Add-back)1K12K36K68K74K70K46K
EBIT-9.86M-13.02M-29.42M-41.95M-45.76M-47.44M-52.73M
Net Interest Income+0-46K-200K-226K1.1M4.07M3.12M
Interest Income019K123K119K1.52M4.56M3.42M
Interest Expense065K323K345K420K483K307K
Other Income/Expense114K19K-123K-226K1.1M4.07M3.12M
Pretax Income+-9.86M-13.09M-29.54M-42.29M-46.18M-47.92M-53.04M
Pretax Margin %------4.75%-10.8%
Income Tax+0000000
Effective Tax Rate %1%1.01%1%1%1%1%1%
Net Income+-9.86M-13.24M-29.54M-42.29M-46.18M-47.92M-53.04M
Net Margin %------4.75%-10.8%
Net Income Growth %--0.34%-1.23%-0.43%-0.09%-0.04%-0.11%
Net Income (Continuing)-9.86M-13.09M-29.54M-42.29M-46.18M-47.92M-53.04M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-483.75-22.50-48.75-68.25-72.00-93.00-96.75
EPS Growth %-0.95%-1.17%-0.4%-0.05%-0.29%-0.04%
EPS (Basic)-483.75-22.50-48.75-68.25-72.00-93.00-96.75
Diluted Shares Outstanding19.88K578.85K604.77K607.4K611.71K500.63K536.44K
Basic Shares Outstanding19.88K578.85K604.77K607.4K611.71K500.63K536.44K
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+4.77M4.65M160.4M91.89M83.61M102.18M44.21M
Cash & Short-Term Investments4.11M3.92M157.15M88.97M79.08M96.34M38.75M
Cash Only4.11M3.92M157.15M42.75M24.49M96.34M38.75M
Short-Term Investments00046.22M54.59M00
Accounts Receivable0000000
Days Sales Outstanding-------
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets250K513K276K396K1.21M1.97M2.28M
Total Non-Current Assets+2K40K2.49M34.59M2.04M1.76M1M
Property, Plant & Equipment001.87M1.48M1.4M1.18M934K
Fixed Asset Turnover-----8.54x5.26x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments00032.46M-54.54M00
Other Non-Current Assets2K40K620K653K55.18M582K69K
Total Assets+4.78M4.69M162.88M126.49M85.65M103.95M45.21M
Asset Turnover-----0.10x0.11x
Asset Growth %--0.02%33.72%-0.22%-0.32%0.21%-0.57%
Total Current Liabilities+2.71M4.3M9.76M8.87M12.45M24.46M15.25M
Accounts Payable2.3M1.88M3.63M2.82M1.43M3.33M1.29M
Days Payables Outstanding839.5K57.12K-----
Short-Term Debt01.25M2.55M01.62M1.62M1.62M
Deferred Revenue (Current)000001000K0
Other Current Liabilities0000011.25M882K
Current Ratio1.76x1.08x16.43x10.36x6.72x4.18x2.90x
Quick Ratio1.76x1.08x16.43x10.36x6.72x4.18x2.90x
Cash Conversion Cycle-------
Total Non-Current Liabilities+19.87M31.03M3.69M6.24M4.71M2.97M1.14M
Long-Term Debt03.19M1.92M4.88M3.29M1.72M124K
Capital Lease Obligations001.65M1.29M1.26M1.02M736K
Deferred Tax Liabilities0000000
Other Non-Current Liabilities19.87M27.83M118K73K161K236K282K
Total Liabilities22.58M35.33M13.46M15.12M17.16M27.44M16.39M
Total Debt+04.45M6.38M6.53M6.32M4.61M2.77M
Net Debt-4.11M521K-150.77M-36.22M-18.17M-91.73M-35.99M
Debt / Equity--0.04x0.06x0.09x0.06x0.10x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage--201.65x-91.07x-121.93x-112.58x-107.65x-182.90x
Total Equity+-17.8M-30.64M149.43M111.37M68.49M76.51M28.82M
Equity Growth %--0.72%5.88%-0.25%-0.39%0.12%-0.62%
Book Value per Share-895.71-52.93247.08183.36111.96152.8253.73
Total Shareholders' Equity-17.8M-30.64M149.43M111.37M68.49M76.51M28.82M
Common Stock1K1K2K3K3K4K4K
Retained Earnings-18.21M-31.3M-60.84M-103.13M-149.31M-197.23M-250.27M
Treasury Stock-411K27.15M00000
Accumulated OCI0-27.81M0-184K-558K00
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-8.57M-12.62M-27.52M-35.88M-41.68M-33.27M-55.96M
Operating CF Margin %------3.3%-11.4%
Operating CF Growth %--0.47%-1.18%-0.3%-0.16%0.2%-0.68%
Net Income-9.86M-13.09M-29.54M-42.29M-46.18M-47.92M-53.04M
Depreciation & Amortization1K12K36K68K429K70K46K
Stock-Based Compensation101K196K755K3.96M04.62M0
Deferred Taxes0000000
Other Non-Cash Items-1.59M066K434K2.94M-404K5.6M
Working Capital Changes1.19M263K1.16M1.96M1.13M10.36M-8.57M
Change in Receivables0000000
Change in Inventory0000000
Change in Payables1.7M-226K3.73M-805K-1.4M1.91M-2.04M
Cash from Investing+0-4K-74K-79.17M23.69M55.78M0
Capital Expenditures0-4K-74K-93K-8K-7K0
CapEx % of Revenue-----0%-
Acquisitions-------
Investments-------
Other Investing0000000
Cash from Financing+012.43M181.03M643K-241K49.14M-1.62M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing0051K423K-40K-2.85M-246K
Net Change in Cash-------
Free Cash Flow+-8.57M-12.62M-27.59M-35.97M-41.69M-33.28M-55.96M
FCF Margin %------3.3%-11.4%
FCF Growth %--0.47%-1.19%-0.3%-0.16%0.2%-0.68%
FCF per Share-431.20-21.80-45.63-59.22-68.16-66.48-104.32
FCF Conversion (FCF/Net Income)0.87x0.95x0.93x0.85x0.90x0.69x1.06x
Interest Paid020K0207K000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)---49.73%-32.43%-51.35%-66.1%-100.7%
Return on Invested Capital (ROIC)----85.49%-56.53%-222.24%-
Gross Margin-----100%100%
Net Margin------474.96%-1079.94%
Debt / Equity--0.04x0.06x0.09x0.06x0.10x
Interest Coverage--201.65x-91.07x-121.93x-112.58x-107.65x-182.90x
FCF Conversion0.87x0.95x0.93x0.85x0.90x0.69x1.06x
Revenue Growth-------51.32%

Frequently Asked Questions

Growth & Financials

Spruce Biosciences, Inc. (SPRB) reported $0.7M in revenue for fiscal year 2024.

Spruce Biosciences, Inc. (SPRB) saw revenue decline by 51.3% over the past year.

Spruce Biosciences, Inc. (SPRB) reported a net loss of $47.9M for fiscal year 2024.

Dividend & Returns

Spruce Biosciences, Inc. (SPRB) has a return on equity (ROE) of -100.7%. Negative ROE indicates the company is unprofitable.

Spruce Biosciences, Inc. (SPRB) had negative free cash flow of $47.5M in fiscal year 2024, likely due to heavy capital investments.

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