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Sutro Biopharma STRO Q1 2026 earnings

Reported May 14, 2026 · Before market open

Revenue$14.5MBeat by $5.6M
EPS-$2.94Miss by $0.62
Revenue estimate$8.9M
EPS estimate-$2.32

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$13.6M
EPS estimate-$1.66

Financials

Q1 2026

Income statement

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Revenue$14.5M-16.5%
Operating income-$29.7M+56.7%
Net income-$38.5M+49.3%
EPS (diluted)-$2.94+67.6%

Balance sheet

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Cash & equivalents$73.7M-30.6%
Total debt$13.6M-36.3%
Total equity-$66.9M-159%
Total assets$242.0M-24.7%

Cash flow

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Operating cash flow-$42.3M+37.7%
CapEx--100%
Free cash flow-$42.3M+37.8%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$412.69M+657%
Enterprise value$352.64M+1,263%
P/S4.1×+3.3×

Profitability

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Operating margin-120%-48.6pp
Net margin-154.2%-56.7pp
FCF margin-152.2%-51.1pp

Returns & leverage

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Current ratio3.1×+1.0×

Segments

By product

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Ongoing Performance Related To Unsatisfied Performance Obligations$9.1M+59.6%
Materials Supply$1.1M-41.4%
Financing Component On Unearned Revenue$911.0K-22.5%
Research And Development Services$556.0K-38.1%

FAQ

When did Sutro Biopharma report Q1 2026 earnings?
Sutro Biopharma (STRO) reported Q1 2026 earnings on May 14, 2026 before market open.
What were Sutro Biopharma's Q1 2026 revenue and EPS?
Sutro Biopharma reported revenue of $14.5M and eps of $-2.94 for Q1 2026.
Did Sutro Biopharma beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.9M by $5.6M. EPS missed the consensus estimate of $-2.32 by $0.62.
How did Sutro Biopharma's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 16.5% from $17.4M a year earlier and eps declined 223.1% from $-0.91.
Where can I find Sutro Biopharma's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-224065) and the 10-Q periodic report (0001193125-26-224170) directly on SEC EDGAR. The filing index links above go to sec.gov.