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Other financials

Income statement

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Revenue$14.5M-16.5%
Operating income-$29.7M+56.7%
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

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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:NetIncomeLoss.

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
Interest income1,6353,189
Non-cash interest expense related to the sale of future royalties(9,467)(9,344)
Interest and other income (expense), net(1,011)(1,292)
Loss before provision for income taxes(38,499)(75,961)
(Benefit) from / provision for income taxes(15)7
Net loss$(38,484)$(75,968)
Net loss per share, basic and diluted$(2.94)$(9.08)
Weighted-average shares used in computing basic and diluted net loss per share13,082,3558,364,294

Item 1. Financial Statements.

FAQ

What is Sutro Biopharma's net income?
Sutro Biopharma (STRO) reported net income of -$38.48M in Q1 2026.
How has Sutro Biopharma's net income changed year-over-year?
Sutro Biopharma's net income increased by 49.3% year-over-year, from -$75.97M to -$38.48M.
What is the long-term trend for Sutro Biopharma's net income?
Over 3 years (2021 to 2025), Sutro Biopharma's net income has grown at a 21.9% compound annual growth rate (CAGR), from -$105.54M to -$191.09M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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