The Tip Desk

SUTRO BIOPHARMA, INC.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$102.5$62.0$153.7$67.8$61.9
Operating income-$158.4-$238.5-$89.3-$128.9-$98.5
Net income-$191.1-$227.5-$106.8-$119.2-$105.5
Balance Sheet
Total debt——$3.1$15.6$25.0
Cash Flow Statement
Free cash flow-$177.2-$192.2-$111.8$3.3-$82.0
Share repurchases————$<0.1

Shares outstanding 16.6M · Free float 56.9%

Annual filing data through FY ended December 31, 2025; float as of August 26, 2026.

Coverage