Sutro Biopharma, Inc.

Sutro Biopharma, Inc.

STRO·NASDAQ

$27.18

+11%
HealthcareBiotechnology

Sutro Biopharma, Inc. operates as clinical stage drug discovery, development, and manufacturing company. It focuses on creating protein therapeutics for cancer and autoimmune disorders through integrated cell-free protein synthesis and site-specific conjugation platform, XpressCF+.The company's product candidates include STRO-001, an antibody-drug conjugate (ADC) directed against the cancer target CD74 for patients with multiple myeloma and non-Hodgkin lymphoma that is in Phase 1 clinical trials; and STRO-002, an ADC directed against folate receptor-alpha for patients with ovarian and endometrial cancers, which is in Phase 1 clinical trials. It has collaboration and license agreements with Merck Collaboration to develop research programs focusing on cytokine derivatives for cancer and autoimmune disorders; and Celgene Corporation to discover and develop bispecific antibodies and/or ADCs focused on the field of immuno-oncology. The company was formerly known as Fundamental Applied Biology, Inc. Sutro Biopharma, Inc. was incorporated in 2003 and is headquartered in South San Francisco, California.

At a Glance

Live Snapshot
Market Cap$263.03M
EPS-22.4900
P/E Ratio-1.21
Earnings Date08/06/2026
3Y+51.0%
5Y+140.0%
10Y+72.0%
3Y+60.0%
5Y+495.0%
10Y-11327.0%
3Y-5094.0%
5Y+161.0%
10Y+1247.0%
Sutro Biopharma, Inc.

Sutro Biopharma, Inc. Profit Bridge

STRO · NASDAQ
Revenue102.48M
Cost of Goods Sold (7.32M)
Gross Profit95.16M
Operating Expenses (200.11M)
Operating Income-104.95M
Interest Expense (38.21M)
Other Income/Expense-86.23M
Pretax Income-191.18M
Income Tax (-93.00K)
Net Income-191.09M
Net Income
-191.09M

Profitability Analysis

Gross Margin

92.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-102.4%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-186.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Sutro Biopharma, Inc. Income Statement

STRO • NASDAQ

Sutro Biopharma, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
REVENUE
102.5M
62M
153.7M
67.8M
61.9M
42.7M
42.7M
38.4M
51.7M
59.7M
GROSS PROFIT
(7.3M)
(7.2M)
(6.8M)
(8.3M)
(9.8M)
(77M)
(65.6M)
(54.3M)
(51.9M)
(43.6M)
95.2M
54.8M
146.9M
59.5M
52.1M
-34.2M
-22.9M
-15.8M
-156K
16.2M
OPERATING INCOME
(200.1M)
(293.3M)
(236.2M)
(188.4M)
(150.6M)
(36.8M)
(98.2M)
(75.6M)
(71M)
(58.4M)
(41M)
(48.5M)
(62.6M)
(59.5M)
(56M)
(36.8M)
(32.6M)
(21.4M)
(16.4M)
(14.8M)
(166.4M)
(252M)
(180.4M)
(137.2M)
(104.4M)
(77M)
(65.6M)
(54.3M)
(54.6M)
(43.6M)
-105M
-238.5M
-89.3M
-128.9M
-98.5M
-71.1M
-55.5M
-37.2M
-19.3M
1.4M
PRE-TAX INCOME
(38.2M)
(31.1M)
(23.8M)
(3.3M)
(3.1M)
(4M)
(4.4M)
(1.6M)
(689K)
(0.0)
-29M
13.4M
-9.2M
109K
-2.6M
-2.5M
-276K
16K
-416K
251K
-7.3M
-7.2M
-6.8M
-8.3M
-9.8M
-77M
(0.0)
(1.9M)
-77K
(87K)
-86.2M
13.4M
677K
12.2M
-7M
38.9M
-276K
1.9M
-416K
338K
-191.2M
-225.1M
-88.6M
-116.7M
-105.5M
-32.1M
-55.7M
-35.3M
-19.7M
1.7M
NET INCOME
-93K
(2.4M)
(18.2M)
(2.5M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-191.1M
-227.5M
-106.8M
-119.2M
-105.5M
-32.1M
-55.7M
-35.3M
-19.7M
1.7M

SEC Filings

STRO - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 14, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 14, 2026
May 14, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 22, 2026
June 05, 2026
2026
10-K

10-K 2025 FY

FY

March 23, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
S-3

S-3

N/A

March 23, 2026
March 23, 2026
 
8-K

8-K 2026

N/A

February 10, 2026
February 09, 2026
2026
8-K

8-K 2025

N/A

December 17, 2025
December 17, 2025
2025
8-K

8-K 2025

N/A

December 03, 2025
December 01, 2025
2025
8-K

8-K 2025

N/A

November 06, 2025
November 06, 2025
2025
Showing 1 to 10 of 135 filings