STRO Stock - Sutro Biopharma, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $62.04M | $153.73M | $67.77M | $61.88M | $42.72M |
| Gross Profit | $54.83M | $146.91M | $59.48M | $52.11M | $-34,239,000 |
| Gross Margin | 88.4% | 95.6% | 87.8% | 84.2% | -80.1% |
| Operating Income | $-238,453,000 | $-89,278,000 | $-128,943,000 | $-98,524,000 | $-71,057,000 |
| Net Income | $-227,461,000 | $-106,793,000 | $-119,204,000 | $-105,538,000 | $-32,128,000 |
| Net Margin | -366.6% | -69.5% | -175.9% | -170.6% | -75.2% |
| EPS | $-29.60 | $-17.80 | $-23.50 | $-22.90 | $-9.90 |
Sutro Biopharma, Inc. operates as clinical stage drug discovery, development, and manufacturing company. It focuses on creating protein therapeutics for cancer and autoimmune disorders through integrated cell-free protein synthesis and site-specific conjugation platform, XpressCF+.The company's product candidates include STRO-001, an antibody-drug conjugate (ADC) directed against the cancer target CD74 for patients with multiple myeloma and non-Hodgkin lymphoma that is in Phase 1 clinical trials; and STRO-002, an ADC directed against folate receptor-alpha for patients with ovarian and endometrial cancers, which is in Phase 1 clinical trials. It has collaboration and license agreements with Merck Collaboration to develop research programs focusing on cytokine derivatives for cancer and autoimmune disorders; and Celgene Corporation to discover and develop bispecific antibodies and/or ADCs focused on the field of immuno-oncology. The company was formerly known as Fundamental Applied Biology, Inc. Sutro Biopharma, Inc. was incorporated in 2003 and is headquartered in South San Francisco, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 16th 2025 | Piper Sandler | Upgrade | Overweight | $2 |
| March 17th 2025 | H.C. Wainwright | Downgrade | Neutral | - |
| March 14th 2025 | Citizens JMP | Downgrade | Market Perform | - |
| March 14th 2025 | Wedbush | Downgrade | Neutral | $2← $8 |
| March 14th 2025 | BofA Securities | Downgrade | Underperform | $1← $11 |
| May 8th 2024 | BofA Securities | Initiation | Buy | $12 |
| November 9th 2023 | Deutsche Bank | Initiation | Buy | $12 |
| October 6th 2023 | Oppenheimer | Initiation | Outperform | $10 |
| March 21st 2023 | Wells Fargo | Downgrade | Equal Weight | $8← $15 |
| August 18th 2022 | Wells Fargo | Resumed | Overweight | $15 |
Earnings History & Surprises
STROEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Mar 12, 2026 | $-4.67 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-4.20 | $-6.70 | -59.5% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $-0.39 | $-0.14 | +64.1% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $-0.63 | $-0.91 | -44.4% | ✗ MISS |
Q1 2025 | Mar 13, 2025 | $-0.86 | $-0.89 | -3.5% | ✗ MISS |
Q4 2024 | Nov 13, 2024 | $-0.74 | $-0.59 | +20.3% | ✓ BEAT |
Q3 2024 | Aug 13, 2024 | $-0.76 | $-0.59 | +22.4% | ✓ BEAT |
Q2 2024 | May 13, 2024 | $-0.92 | $-0.95 | -3.3% | ✗ MISS |
Q1 2024 | Mar 25, 2024 | $-0.82 | $0.42 | +151.2% | ✓ BEAT |
Q4 2023 | Nov 13, 2023 | $-0.76 | $-0.81 | -6.6% | ✗ MISS |
Q3 2023 | Aug 10, 2023 | $-0.73 | $-0.64 | +12.3% | ✓ BEAT |
Q2 2023 | May 15, 2023 | $-0.83 | $-0.76 | +8.4% | ✓ BEAT |
Q1 2023 | Mar 30, 2023 | $-0.64 | $-0.61 | +4.7% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $-0.15 | $-0.37 | -146.7% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $-0.74 | $-0.55 | +25.7% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $-0.79 | $-0.84 | -6.3% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $-0.67 | $-0.83 | -23.9% | ✗ MISS |
Q4 2021 | Nov 10, 2021 | $-0.67 | $-0.67 | 0.0% | = MET |
Q3 2021 | Aug 9, 2021 | $-0.42 | $-0.13 | +69.0% | ✓ BEAT |
Latest News
Sutro Biopharma Regains Nasdaq Compliance
📈 PositiveTrading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times
➖ NeutralSutro Biopharma Doses First Cohort Of Patients In Phase 1 Trial Of STRO-004; Initial Clinical Data Expected Mid 2026
📈 PositiveTrading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending
➖ NeutralSutro Biopharma shares are trading lower after the company announced a 1-for-10 reverse stock split.
📉 NegativeSutro Biopharma Announces 1-For-10 Reverse Stock Split, Effective Dec. 3
📉 NegativeSutro Biopharma shares are trading lower after the company reported mixed Q3 financial results.
📉 NegativeSutro Biopharma Q3 EPS $(0.67) Misses $(0.41) Estimate, Sales $9.693M Beat $9.132M Estimate
➖ NeutralSutro Biopharma Reveals An Organizational Restructuring To Prioritize The Advancement Of Its Three ADC Programs And Research And Development Collaborations; The Restructuring, Is Expected To Extend The Company's Runway Into At Least Mid-2027; Restructuring To Result In Workforce Reduction Of One-Third Of Employees; Co. On Track To Advance STRO-004 Into Clinic This Year, With Initial Data Expected In 2026
➖ NeutralFrequently Asked Questions about STRO
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