Microcap Ledger

Tickers · $STRO

Sutro Biopharma, Inc. $STRO

By Microcap Ledger desk · CIK 0001382101

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Global Market
Sector
Biological Products, (No Diagnostic Substances)
Headquarters
South San Francisco, CA
Fiscal year end
December 31
Shares outstanding
16,581,171 [10-Q 2026-08-12]
as of 2026-08-07

Sources: [10-K 2026-03-23]

What the company doesAI summary of filing

Sutro Biopharma is a clinical-stage oncology company that develops antibody-drug conjugates (ADCs) and next-generation ADC modalities enabled by its proprietary XpressCF® and XpressCF+® cell-free protein synthesis platforms. The company's lead program, STRO-004, is a tissue factor-targeting ADC currently in Phase 1 clinical trials for solid tumors; preclinical candidates include STRO-006 (integrin alpha v beta 6-targeting ADC) and STRO-227 (dual-payload PTK7-targeting ADC). Sutro generates revenue through research and development collaborations with pharmaceutical partners including Astellas, Merck, Celgene/BMS, and EMD Serono, having received approximately $1.016 billion in aggregate payments through December 2025, though the company is pre-revenue regarding its own product candidates. [10-K 2026-03-23]

Segments: STRO-004 (tissue factor-targeting ADC), STRO-006 (integrin alpha v beta 6-targeting ADC), STRO-227 (dual-payload PTK7-targeting ADC), Collaboration programs (Astellas, Merck, Celgene/BMS, EMD Serono)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$24.36M−$77.02M −$80.55M$54.34M[10-Q 2026-08-12]
FY ended Dec 2025$102.48M−$191.00M −$177.23M$58.13M[10-K 2026-03-23]
FY ended Dec 2024$62.04M−$227.00M −$191.54M$190.30M[10-K 2026-03-23]
Quarterly cash burn
−$40.27M
Cash runway Estimate
~4 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-0782,458,725[10-Q 2024-11-13]
2025-03-0683,775,336[10-K 2025-03-13]
2025-05-0284,461,365[10-Q 2025-05-08]
2025-08-0184,774,177[10-Q 2025-08-07]
2025-10-3185,135,290[10-Q 2025-11-06]
2026-03-1616,567,238[10-K 2026-03-23]
2026-05-0816,570,439[10-Q 2026-05-14]
2026-08-0716,581,171[10-Q 2026-08-12]
Shelf registration
S-3 filed 2026-03-23; declared effective 2026-04-01 [S-3 2026-03-23]

Listing status

Current status: 1 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2025-06-25. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2025-06-258-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-06-25]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-09-18Gerber Hans-Peterexercise3,750—[4 2026-09-22]
2026-09-18Gerber Hans-Peterother1,345$15.34[4 2026-09-22]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.