SUTRO BIOPHARMA, INC.
For the period ended Dec 31, 2025. Filed Mar 23, 2026.
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FY2025 · Filed Mar 23, 2026
STRO$10.61+10.3%Stored close · as of Nov 9, 2026
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Statements of Operations
(in thousands, except share and per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $102,484 | $62,043 |
| Operating expenses | ||
| Research and development | 166,417 | 252,043 |
| General and administrative | 41,019 | 48,453 |
| Restructuring and related costs | 53,415 | — |
| Total operating expenses | 260,851 | 300,496 |
| Loss from operations | (158,367) | (238,453) |
| Interest income | 9,251 | 18,643 |
| Non-cash interest expense related to the sale of future royalties | (38,208) | (31,070) |
| Interest and other income (expense), net | (3,855) | 25,782 |
| Loss before provision for income taxes | (191,179) | (225,098) |
| Provision for income taxes | (93) | 2,363 |
| Net loss | $(191,086) | $(227,461) |
| Net loss per share, basic and diluted | $(22.49) | $(29.40) |
| Weighted-average shares used in computing basic and diluted net loss per share | 8,497,798 | 7,736,734 |
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