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Filing Flows › Sutro Biopharma (STRO) › Q2 2026 › vs Q2 2025

Sutro Biopharma (STRO) Q2 2026 vs Q2 2025 (year over year)

Sutro Biopharma's revenue fell $53.9M (-85%) from $63.7M in Q2 2025 to $9.8M in Q2 2026.

Sutro Biopharma, Q2 2026: revenue $9.8M (-85% year over year), operating margin -303.8%, net loss $38.5M, operating cash flow −$38.3M. The chart draws each line against Q2 2025, the increases inside each band.

Sutro Biopharma: what changed, Q2 2026 vs Q2 2025Sutro Biopharma: what changed, Q2 2026 vs Q2 2025Working capital & other−$37.4MOperating costs−$27.4MNet loss$27.0MNet loss absorbed$27.0MCosts & expenses−$26.9MOther operating costs−$18.2MOperating cash sources−$10.3MResearch & development−$6.6MCash used in operations−$6.4MShare-based compensation−$3.3M

Every line

LineQ2 2026Q2 2025Change%
Revenue$9.8M$63.7M−$53.9M-85%
Net loss$38.5M$11.5M$27.0M+235%
Costs & expenses$48.4M$75.3M−$26.9M-36%
Operating costs$39.7M$67.1M−$27.4M-41%
Interest & other, net$8.6M$8.2M$472K+6%
Income tax$1K−$18K$19K—
Research & development$31.7M$38.3M−$6.6M-17%
General & admin$7.8M$10.3M−$2.5M-24%
Other operating costs$201K$18.4M−$18.2M-99%
Operating cash sources$41.6M$51.9M−$10.3M-20%
Depreciation & amortization$1.3M$1.9M−$638K-34%
Share-based compensation$2.0M$5.3M−$3.3M-62%
Cash used in operations$38.3M$44.7M−$6.4M-14%
Net loss absorbed$38.5M$11.5M$27.0M+235%
Working capital & other$3.0M$40.4M−$37.4M-93%

Questions

How much did Sutro Biopharma's revenue grow year over year in Q2 2026?

Sutro Biopharma's revenue fell $53.9M (-85%) from $63.7M in Q2 2025 to $9.8M in Q2 2026.

Q2 2026 results → · Compare in the interactive Sankey →