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Stoke Therapeutics (STOK) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 16, 2026

Stoke Therapeutics (STOK) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), -94% from a year earlier and -87% from the quarter before.

Revenue$1.4M
Year over year-94%
Quarter over quarter-87%
Operating margin—
Net earnings−$57.9M

Stoke Therapeutics, Q4 2025: revenue $1.4M (-94% year over year), net loss $57.9M, operating cash flow −$30.5M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.4M-87%-94%
Operating profit−$61.4M——
Net earnings−$57.9M——
Operating cash flow−$30.5M——

What changed

Revenue was $1.4M in Q4 2025, down 94% year over year and down 87% from the previous quarter.

Operating costs exceeded revenue by $61.4M, an operating margin of -4382.2%. Total costs grew 73% against a revenue fall of 94%. The fastest-growing cost line was Research & development (+78%). The quarter ended with a net loss of $57.9M, wider than the previous quarter's $38.3M loss.

Operating cash flow was −$30.5M. Non-cash charges added back $405K of depreciation and $9.8M of share-based compensation. Working capital and other items added $17.2M. Capital expenditures of $232K exceeded it, leaving free cash flow of −$30.7M.

Questions

What was Stoke Therapeutics' revenue in the fourth quarter 2025?

Stoke Therapeutics (STOK) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), -94% from a year earlier and -87% from the quarter before.

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Source: Stoke Therapeutics 10-K on SEC EDGAR.