SUTRO BIOPHARMA INC
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 13, 2025
STRO$10.61+10.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $190,304 | $69,268 |
| Marketable securities | 126,591 | 264,413 |
| Investment in equity securities | - | 41,937 |
| Accounts receivable | 8,616 | 36,078 |
| Prepaid expenses and other current assets | 17,799 | 9,846 |
| Total current assets | 343,310 | 421,542 |
| Property and equipment, net | 18,190 | 21,940 |
| Operating lease right-of-use assets | 17,677 | 22,815 |
| Other non-current assets | 7,172 | 3,567 |
| Restricted cash | 858 | 872 |
| Total assets | $387,207 | $470,736 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,475 | $9,440 |
| Accrued compensation | 12,905 | 14,686 |
| Deferred revenue-current | 69,783 | 20,666 |
| Operating lease liability-current | 7,480 | 6,420 |
| Debt-current | - | 4,061 |
| Accrued expenses and other current liabilities | 31,250 | 38,473 |
| Total current liabilities | 131,893 | 93,746 |
| Deferred revenue, non-current | 12,536 | 53,379 |
| Operating lease liability-non-current | 15,674 | 23,154 |
| Deferred royalty obligation related to the sale of future royalties | 180,809 | 149,114 |
| Other non-current liabilities | 1,694 | 1,694 |
| Total liabilities | 342,606 | 321,087 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value — 10,000,000 shares authorized as of December 31, 2024 and 2023; no shares issued and outstanding as of December 31, 2024 and 2023 | - | - |
| Common stock, $0.001 par value — 300,000,000 shares authorized as of December 31, 2024 and 2023; 82,526,430 and 61,009,829 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 83 | 61 |
| Additional paid-in-capital | 831,348 | 708,975 |
| Accumulated other comprehensive income | 39 | 21 |
| Accumulated deficit | (786,869) | (559,408) |
| Total stockholders’ equity | 44,601 | 149,649 |
| Total Liabilities and Stockholders’ Equity | $387,207 | $470,736 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.