SUTRO BIOPHARMA INC
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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.
Sep 30, 2024 · Filed Nov 13, 2024
STRO$9.62+4.6%Stored close · as of Nov 6, 2026
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Condensed Balance Sheets
(In thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $174,579 | $69,268 |
| Marketable securities | 213,675 | 264,413 |
| Investment in equity securities | - | 41,937 |
| Accounts receivable | 6,655 | 36,078 |
| Prepaid expenses and other current assets | 10,870 | 9,846 |
| Total current assets | 405,779 | 421,542 |
| Property and equipment, net | 18,997 | 21,940 |
| Operating lease right-of-use assets | 19,027 | 22,815 |
| Other non-current assets | 7,172 | 3,567 |
| Restricted cash | 857 | 872 |
| Total assets | $451,832 | $470,736 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $6,216 | $9,440 |
| Accrued compensation | 13,177 | 14,686 |
| Deferred revenue - current | 72,560 | 20,666 |
| Operating lease liability - current | 7,203 | 6,420 |
| Debt - current | - | 4,061 |
| Accrued expenses and other current liabilities | 32,135 | 38,473 |
| Total current liabilities | 131,291 | 93,746 |
| Deferred revenue - non-current | 17,999 | 53,379 |
| Operating lease liability - non-current | 17,661 | 23,154 |
| Deferred royalty obligation related to the sale of future royalties | 171,967 | 149,114 |
| Other non-current liabilities | 1,694 | 1,694 |
| Total liabilities | 340,612 | 321,087 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value — 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 | - | - |
| Common stock, $0.001 par value — 300,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 82,395,350 and 61,009,829 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 82 | 61 |
| Additional paid-in-capital | 825,458 | 708,975 |
| Accumulated other comprehensive (loss) income | 106 | 21 |
| Accumulated deficit | (714,426) | (559,408) |
| Total stockholders’ equity | 111,220 | 149,649 |
| Total Liabilities and Stockholders’ Equity | $451,832 | $470,736 |
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