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Sutro Biopharma STRO Operating margin

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

Valuation

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Market cap$489.66M+624%
Enterprise value$429.61M-2,600%
P/S4.9×+3.9×

Profitability

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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

Calculated from Sutro Biopharma’s reported figures.

Based on trailing twelve months.

The official record: Sutro Biopharma’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sutro Biopharma's operating margin?
Sutro Biopharma (STRO) reported operating margin of -120% in Q1 2026.
How has Sutro Biopharma's operating margin changed year-over-year?
Sutro Biopharma's operating margin increased by 68.2% year-over-year, from -376.9% to -120%.
What is the long-term trend for Sutro Biopharma's operating margin?
Over 4 years (2020 to 2025), Sutro Biopharma's operating margin has grown at a -1.8% compound annual growth rate (CAGR), from -166.3% to -154.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.