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How Sutro Biopharma (STRO) makes money

Sutro Biopharma (STRO) made $9.8M of revenue in the second quarter 2026 (Q2 2026), -85% from a year earlier.

Drawing the Sankey…

Sutro Biopharma revenue by quarterSutro Biopharma revenue by quarter$14.8MQ4 2024$17.4MQ1 2025$63.7MQ2 2025$9.7MQ3 2025$11.6MQ4 2025$14.5MQ1 2026$9.8MQ2 2026
Sutro Biopharma: where each dollar of revenue goesSutro Biopharma: where each dollar of revenue goesIncome tax0¢

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$9.8M100.0%
Income tax$1K0.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$9.8M-85%
Q1 2026$14.5M-16%
Q4 2025$11.6M-21%
Q3 2025$9.7M+14%
Q2 2025$63.7M+148%
Q1 2025$17.4M+34%
Q4 2024$14.8M-87%

From Sutro Biopharma's 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does Sutro Biopharma make money?

Sutro Biopharma (STRO) made $9.8M of revenue in the second quarter 2026 (Q2 2026), -85% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.