SGP SpyGlass Pharma, Inc. - Common Stock

NASDAQ · · View on SEC EDGAR ↗
$27.18
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$17–$32
66% of range
Analyst Rating
STRONG BUY
9 analysts
Price Target
$45
+66% upside
P/E (TTM)
—
ROE
50.0%
Net Profit Margin
—

SGP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$27.18
Market Cap
—
P/E (TTM)
—
EPS (TTM)
$-17.98
Revenue (TTM)
—
Div Yield
—
ROE
50.0%
Debt/Equity
—
52W Range
$17 – $32

SGP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS $-17.98
2-point trend, -10.2%
2024-12-31 → 2025-12-31
Free Cash Flow $-33M
2025-12-31 → 2025-12-31
Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SGP
Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SGP
Peer Median
ROA
-57.3%
-25.6%
ROE
50.0%
-21.8%
ROIC
41.9%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SGP
Peer Median
Current Ratio
12.7
4.1
Quick Ratio
11.2
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SGP
Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SGP
Peer Median
EPS (Diluted)
2-point trend, -10.2%
$-17.98
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SGP
Peer Median

SGP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 9 analysts
  • Strong Buy 5 55.6%
  • Buy 3 33.3%
  • Hold 1 11.1%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-08-15
Median target $42.00 +54.5%
Mean target $45.00 +65.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.13%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.59 $-0.52 -0.07%
March 31, 2026 $-0.69 $-0.51 -0.18%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SGP — — — — 50.0% —
PCRX $1.06B 161.8 3.6% 0.97% 0.97% —
COLL $1.47B 26.8 23.6% 8.1% 23.5% 59.4%
AMPH $1.22B 13.2 -1.7% 13.6% 12.7% 49.5%
ACRS $363M -5.7 -58.2% -829.6% -55.3% —
PHAT $1.18B -5.5 216.9% -126.4% 52.4% 87.1%
CRMD $922M 5.7 617.0% 52.3% 52.1% 88.5%
ARVN $753M -10.4 -0.30% -30.8% -15.5% —
ZVRA $509M 6.6 350.9% 78.2% 61.2% —
LLY — 46.8 44.7% 31.7% 101.2% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for SGP
Metric Trend 20252024
R&D Expense 2-point trend, +46.0% $29M $20M
SG&A Expense 2-point trend, +73.2% $12M $7M
Operating Expenses 2-point trend, +53.2% $41M $27M
Operating Income 2-point trend, -53.2% $-41M $-27M
Interest Income 2-point trend, +135.8% $3M $1M
Other Non-op 2-point trend, +175.2% $2M $-2M
Pretax Income 2-point trend, -36.7% $-40M $-29M
Income Tax Flat — no change across 2 periods $0 $0
Net Income 2-point trend, -36.7% $-40M $-29M
EPS (Basic) 2-point trend, -10.2% $-17.98 $-16.31
EPS (Diluted) 2-point trend, -10.2% $-17.98 $-16.31
Shares (Basic) 2-point trend, +24.0% 2,217,104 1,788,211
Shares (Diluted) 2-point trend, +24.0% 2,217,104 1,788,211
EBITDA $-41M ·
Balance Sheet 18
Annual Balance Sheet data for SGP
Metric Trend 20252024
Cash & Equivalents 2-point trend, +492.3% $96M $16M
Prepaid Expense 2-point trend, +26.0% $901.0K $715.0K
Current Assets 2-point trend, +524.9% $109M $17M
PP&E (Net) 2-point trend, +7.9% $2M $2M
PP&E (Gross) 2-point trend, +27.4% $3M $3M
Accum. Depreciation 2-point trend, +105.2% $1M $543.0K
Other Non-current Assets 2-point trend, +8.6% $492.0K $453.0K
Total Assets 2-point trend, +396.9% $116M $23M
Accounts Payable 2-point trend, +36.3% $3M $2M
Current Liabilities 2-point trend, +10.2% $9M $8M
Capital Leases 2-point trend, -54.2% $2M $3M
Total Liabilities 2-point trend, -9.6% $10M $11M
Common Stock Flat — no change across 2 periods $0 $0
Paid-in Capital 2-point trend, +34.3% $6M $4M
Retained Earnings 2-point trend, -61.5% $-105M $-65M
Stockholders' Equity 2-point trend, -63.4% $-99M $-60M
Liabilities + Equity 2-point trend, +396.9% $116M $23M
Shares Outstanding 2-point trend, +0.3% 2,203,620 2,196,423
Cash Flow 11
Annual Cash Flow data for SGP
Metric Trend 20252024
Stock-based Comp 2-point trend, +87.0% $3M $1M
Deferred Tax 2-point trend, -51.8% $-10M $-7M
Operating Cash Flow 2-point trend, -48.5% $-33M $-22M
CapEx 2-point trend, -60.4% $789.0K $2M
Investing Cash Flow 2-point trend, -153.0% $-12M $22M
Stock Repurchased 2-point trend, +1450000.00 $1M $0
Net Stock Activity $-1M ·
Financing Cash Flow 2-point trend, +67243.2% $125M $185.0K
Net Change in Cash 2-point trend, +19014.6% $80M $419.0K
Taxes Paid 2-point trend, -94.4% $1.0K $18.0K
Free Cash Flow $-33M ·
Profitability 3
Annual Profitability data for SGP
Metric Trend 20252024
ROA -57.3% ·
ROE 50.0% ·
ROIC 41.9% ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for SGP
Metric Trend 20252024
Current Ratio 12.7 ·
Quick Ratio 11.2 ·
Per Share 4
Annual Per Share data for SGP
Metric Trend 20252024
Book Value / Share $-44.85 ·
Cash Flow / Share $-14.75 ·
Cash / Share $43.73 ·
EPS (TTM) $-17.98 ·
Valuation (TTM) 1
Annual Valuation (TTM) data for SGP
Metric Trend 20252024
Net Income TTM $-40M ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-31
Net Income $-40M$-29M
Diluted EPS $-17.98$-16.31
Balance Sheet
2025-12-312024-12-31
Current Ratio 12.7—
Quick Ratio 11.2—
Cash Flow
2025-12-312024-12-31
Free Cash Flow $-33M—

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Institutional owners (13F) 52 filers · $543.3M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
26 5 13 5 —

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair. Change vs prior quarter not shown: filer coverage differs too much between these two quarters for a reliable comparison.

Institution Value Shares % of tracked 13F Type
RA CAPITAL MANAGEMENT, L.P. $178,550,064 8,021,117 32.87% Shares
NEA Management Company, LLC $164,552,620 7,392,301 30.29% Shares
Sands Capital Alternatives, LLC $55,650,267 2,500,012 10.24% Shares
SAMSARA BIOCAPITAL, LLC $46,967,554 2,109,953 8.65% Shares
Vestal Point Capital, LP $14,914,200 670,000 2.75% Shares
DEERFIELD MANAGEMENT COMPANY, L.P. $12,243,000 550,000 2.25% Shares
MILLENNIUM MANAGEMENT LLC $11,291,541 507,257 2.08% Shares
Aberdeen Group plc $10,975,872 493,076 2.02% Shares
JPMORGAN CHASE & CO $9,997,559 461,781 1.84% Shares
VANGUARD CAPITAL MANAGEMENT LLC $9,670,256 434,423 1.78% Shares
GEODE CAPITAL MANAGEMENT, LLC $5,328,043 239,271 0.98% Shares
FRANKLIN RESOURCES INC $5,195,751 233,412 0.96% Shares
Affinity Asset Advisors, LLC $2,929,104 131,586 0.54% Shares
STATE STREET CORP $2,616,908 117,561 0.48% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $1,907,259 85,681 0.35% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,687,575 75,812 0.31% Shares
VANGUARD FIDUCIARY TRUST CO $1,524,765 68,498 0.28% Shares
Alyeska Investment Group, L.P. $1,268,820 57,000 0.23% Shares
TD Asset Management Inc $1,059,131 47,580 0.19% Shares
AMERIPRISE FINANCIAL INC $1,016,570 45,668 0.19% Shares
ALPS ADVISORS INC $755,326 33,932 0.14% Shares
Virtus Investment Advisers, LLC $394,981 17,744 0.07% Shares
Nuveen, LLC $326,087 14,649 0.06% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $278,339 12,504 0.05% Shares
RHUMBLINE ADVISERS $263,641 11,844 0.05% Shares
BANK OF AMERICA CORP /DE/ $249,601 11,213 0.05% Shares
WELLS FARGO & COMPANY/MN $219,306 9,852 0.04% Shares
Bank of New York Mellon Corp $164,056 7,370 0.03% Shares
MetLife Investment Management, LLC $155,508 6,986 0.03% Shares
UBS Group AG $153,639 6,902 0.03% Shares
NEW YORK STATE COMMON RETIREMENT FUND $120,204 5,400 0.02% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $113,593 5,103 0.02% Shares
Vanguard Global Advisers, LLC $102,997 4,627 0.02% Shares
MORGAN STANLEY $102,797 4,618 0.02% Shares
CITIGROUP INC $101,283 4,550 0.02% Shares
Police & Firemen's Retirement System of New Jersey $72,746 3,268 0.01% Shares
STRS OHIO $48,972 2,200 0.01% Shares
BNP PARIBAS FINANCIAL MARKETS $44,876 2,016 0.01% Shares
NORTHERN TRUST CORP $38,888 1,747 0.01% Shares
BARCLAYS PLC $37,842 1,700 0.01% Shares
BlackRock, Inc. $34,080 1,531 0.01% Shares
FMR LLC $33,323 1,497 0.01% Shares
Legal & General Group Plc $24,148 1,087 0.00% Shares
Ameritas Investment Partners, Inc. $22,394 1,006 0.00% Shares
Russell Investments Group, Ltd. $19,722 886 0.00% Shares
Tower Research Capital LLC (TRC) $16,695 750 0.00% Shares
PRICE T ROWE ASSOCIATES INC /MD/ $14,612 656,410 0.00% Shares
ROYAL BANK OF CANADA $11,000 482 0.00% Shares
DEUTSCHE BANK AG\ $3,539 159 0.00% Shares
Sterling Capital Management LLC $2,159 97 0.00% Shares
Caitong International Asset Management Co., Ltd $223 10 0.00% Shares
HUNTINGTON NATIONAL BANK $28 1 0.00% Shares

Company insiders 10 insiders · 0 officers · 2 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Ali Behbahani Director Feb. 9, 2026 C 1,357,263 1 0 $15,000,000
Kirk Nielsen Director Feb. 9, 2026 C 3,310,619 1 0 $2,640,000
Rick Yang 10% owner Feb. 9, 2026 C 6,035,038 1 0 $15,000,000
Carmen Chang 10% owner Feb. 9, 2026 C 1,357,263 1 0 $15,000,000
Mohamad Makhzoumi 10% owner Feb. 9, 2026 C 1,357,263 1 0 $15,000,000
Anthony A. Florence, Jr. 10% owner Feb. 9, 2026 C 1,357,263 1 0 $15,000,000
Paul Walker 10% owner Feb. 9, 2026 C 1,357,263 1 0 $15,000,000
Edward T. Mathers 10% owner Feb. 9, 2026 C 6,035,038 1 0 $15,000,000
Forest Baskett 10% owner Feb. 9, 2026 C 1,357,263 1 0 $15,000,000
Scott D. Sandell 10% owner Feb. 9, 2026 C 1,357,263 1 0 $15,000,000

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 4 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
RA Capital Management, L.P., Peter Kolchinsky, Rajeev Shah, RA Capital Healthcare Fund, L.P., RA Capital Nexus Fund III, L.P. Feb. 17, 2026 24.10% Initial filing — SEC
New Enterprise Associates 17, L.P., NEA Partners 17, L.P., NEA 17 GP, LLC, New Enterprise Associates 16, L.P., NEA Partners 16, L.P., NEA 16 GP, LLC, Forest Baskett, Ali Behbahani, Carmen Chang, Anthony A. Florence, Jr., Mohamad H. Makhzoumi, Edward T. Mathers, Scott D. Sandell, Paul Walker, Rick Yang Feb. 13, 2026 22.20% Initial filing Passive investment SEC
Gilde Healthcare Holding B.V., Gilde Healthcare VG VI Management B.V., Cooperatieve Gilde Healthcare VG VI U.A., Manapouri B.V., Martemanshurk B.V. Feb. 13, 2026 6.57% Initial filing Passive investment SEC
Vensana Capital I GP, LLC, Vensana Capital I, L.P., Kirk Nielsen, Peter Justin Klein Feb. 10, 2026 9.90% Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 47 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EPHE · iShares Trust 1.76% 5,807,600 SH Aug. 8, 2026 Daily
IFGL · iShares Trust 1.03% 278,487 SH Aug. 8, 2026 Daily
VNQI · VANGUARD INTERNATIONAL EQUITY INDEX… 0.65% 8,757,108 SH Aug. 8, 2026 Daily
EWA · iShares, Inc. 0.49% 2,373,123 SH Aug. 8, 2026 Daily
REET · iShares Trust 0.39% 6,599,806 SH Aug. 8, 2026 Daily
ERET · iShares Trust 0.33% 15,473 SH Aug. 8, 2026 Daily
EPP · iShares, Inc. 0.31% 2,298,596 SH Aug. 8, 2026 Daily
INTF · iShares Trust 0.16% 1,930,912 SH Aug. 8, 2026 Daily
PABD · iShares Trust 0.14% 153,354 SH Aug. 8, 2026 Daily
GLOF · iShares Trust 0.09% 66,106 SH Aug. 8, 2026 Daily
IPAC · iShares Trust 0.08% 698,892 SH Aug. 8, 2026 Daily
EFV · iShares Trust 0.07% 6,670,982 SH Aug. 8, 2026 Daily
IQLT · iShares Trust 0.06% 3,005,346 SH Aug. 8, 2026 Daily
IWC · iShares Trust 0.06% 37,850 SH Aug. 8, 2026 Daily
DMXF · iShares Trust 0.06% 194,920 SH Aug. 8, 2026 Daily
IMFL · Invesco Exchange-Traded Self-Indexe… 0.06% 207,163 Aug. 8, 2026 Daily
VPL · VANGUARD INTERNATIONAL EQUITY INDEX… 0.05% 2,593,719 SH Aug. 8, 2026 Daily
PXF · Invesco Exchange-Traded Fund Trust … 0.03% 304,907 Aug. 8, 2026 Daily
EFA · iShares Trust 0.03% 8,373,542 SH Aug. 8, 2026 Daily
EEMS · iShares, Inc. 0.03% 245,000 SH Aug. 8, 2026 Daily
IEFA · iShares Trust 0.03% 17,689,660 SH Aug. 8, 2026 Daily
IDEV · iShares Trust 0.02% 2,517,373 SH Aug. 8, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.02% 35,616,501 SH Aug. 8, 2026 Daily
VEU · VANGUARD INTERNATIONAL EQUITY INDEX… 0.02% 5,665,750 SH Aug. 8, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.02% 23,737,145 SH Aug. 8, 2026 Daily
VSGX · VANGUARD WORLD FUND 0.02% 483,037 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.02% 2,180 SH Aug. 8, 2026 Daily
ACWX · iShares Trust 0.02% 738,910 SH Aug. 8, 2026 Daily
IXUS · iShares Trust 0.02% 3,287,453 SH Aug. 8, 2026 Daily
IWO · iShares Trust 0.01% 69,916 SH Aug. 8, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 1,968,824 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 63,570 SH Aug. 8, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.01% 8,207 SH Aug. 8, 2026 Daily
TOK · iShares Trust 0.01% 7,307 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.01% 251,590 SH Aug. 8, 2026 Daily
URTH · iShares, Inc. 0.01% 210,078 SH Aug. 8, 2026 Daily
ACWI · iShares Trust 0.01% 809,226 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.01% 698 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.01% 32,942 SH Aug. 8, 2026 Daily
IEMG · iShares, Inc. 0.01% 18,862,300 SH Aug. 8, 2026 Daily
SCHA · SCHWAB STRATEGIC TRUST 0.00% 45,951 NS May 31, 2026 N-PORT
CRBN · iShares Trust 0.00% 13,888 SH Aug. 8, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.00% 5,700 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 107,984 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 317,053 SH Aug. 8, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.00% 3,005 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 1,030 SH Aug. 8, 2026 Daily