SUTRO BIOPHARMA INC
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
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)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $106,229 | $190,304 |
| Marketable securities | 142,743 | 126,591 |
| Accounts receivable | 13,562 | 8,616 |
| Prepaid expenses and other current assets | 24,875 | 17,799 |
| Total current assets | 287,409 | 343,310 |
| Property and equipment, net | 16,798 | 18,190 |
| Operating lease right-of-use assets | 16,280 | 17,677 |
| Other non-current assets | 85 | 7,172 |
| Restricted cash | 858 | 858 |
| Total assets | $321,430 | $387,207 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $8,180 | $10,475 |
| Accrued compensation | 11,554 | 12,905 |
| Deferred revenue - current | 68,976 | 69,783 |
| Operating lease liability - current | 7,765 | 7,480 |
| Accrued expenses and other current liabilities | 36,571 | 31,250 |
| Total current liabilities | 133,046 | 131,893 |
| Deferred revenue - non-current | 8,568 | 12,536 |
| Operating lease liability - non-current | 13,632 | 15,674 |
| Deferred royalty obligation related to the sale of future royalties | 190,301 | 180,809 |
| Other non-current liabilities | 1,694 | 1,694 |
| Total liabilities | 347,241 | 342,606 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ (deficit) equity : | ||
| Preferred stock, $0.001 par value — 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | - | - |
| Common stock, $0.001 par value — 300,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 84,349,041 and 82,526,430 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 84 | 83 |
| Additional paid-in-capital | 836,951 | 831,348 |
| Accumulated other comprehensive (loss) income | (9) | 39 |
| Accumulated deficit | (862,837) | (786,869) |
| Total stockholders’ (deficit) equity | (25,811) | 44,601 |
| Total Liabilities and Stockholders’ (Deficit) Equity | $321,430 | $387,207 |
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