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Other financials

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%
Free cash flow-$42.3M+37.8%

Valuation

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Market cap$420.56M+542%
Enterprise value$360.51M+1,611%
P/S4.2×+3.6×

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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Return on equity-234.2%
Debt / equity0.5×+0.3×
Current ratio3.1×+1.0×

Where this comes from

Reported directly by Sutro Biopharma in its filing.

Tagged under the XBRL concept us-gaap:CapitalExpendituresIncurredButNotYetPaid.

The source filing: Sutro Biopharma’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:30 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-224170
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Cash, cash equivalents and restricted cash at end of period$74,540$107,087
Supplemental disclosure of cash flow information:
Income tax paid (refunds received)$(15)$7
Supplemental disclosure of non-cash investing and financing information:
Purchases of equipment included in accounts payable and accrued expense$27
Financing component associated with program fees$911$1,176
Issuance costs related to underwritten offering in accounts payable$468
Deferred offering cost included in accounts payable and accrued expenses$435

Item 1. Financial Statements.

FAQ

What is Sutro Biopharma's capex?
Sutro Biopharma (STRO) reported capex of $0 in Q1 2026.
How has Sutro Biopharma's capex changed year-over-year?
Sutro Biopharma's capex decreased by 100.0% year-over-year, from $27K to $0.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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