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Sutro Biopharma STRO Operating Income

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Other financials

Income statement

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Revenue$14.5M-16.5%
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

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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:OperatingIncomeLoss.

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
General and administrative7,58413,273
Restructuring and related costs4221,043
Total operating expenses44,17985,913
Loss from operations(29,656)(68,514)
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)

Item 1. Financial Statements.

FAQ

What is Sutro Biopharma's operating income?
Sutro Biopharma (STRO) reported operating income of -$29.66M in Q1 2026.
How has Sutro Biopharma's operating income changed year-over-year?
Sutro Biopharma's operating income increased by 56.7% year-over-year, from -$68.51M to -$29.66M.
What is the long-term trend for Sutro Biopharma's operating income?
Over 3 years (2021 to 2025), Sutro Biopharma's operating income has grown at a 17.1% compound annual growth rate (CAGR), from -$98.52M to -$158.37M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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