Sutro Biopharma (STRO) Operating Expenses (2017 - 2026)
Sutro Biopharma's Operating Expenses was $39.73 million in Q2 2026, down 40.8% from $67.09 million a year earlier.
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Analysis
Sutro Biopharma (STRO) Operating Expenses (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Sutro Biopharma's Operating Expenses was $214.67 million through Jun 30, 2026, down 30.6% year-over-year; for FY2025, it came in at $260.85 million, down 13.2% from FY2024.
- Operating Expenses shows a five-year compound annual growth rate of 18.1% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $300.5 million in FY2024 (+23.7%), $243.01 million in FY2023 (+23.5%), $196.72 million in FY2022 (+22.6%) and $160.4 million in FY2021 (+41.0%).
- The Q2 2026 figure marks the lowest quarterly Operating Expenses since Q2 2021.
- Compared with a year earlier, Operating Expenses was higher in three of the last seven quarters, with an average decline of 7.2%.
- The best year-over-year quarter for Operating Expenses over five years was Q3 2021 (growth of 51.9%); the worst was Q2 2026 (a decline of 40.8%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,261.99 Bn | 1,235.61 Bn | 20.46 Bn | 7.68 Bn |
| 2 | Johnson & Johnson | 678.93 Bn | 598.79 Bn | 17.30 Bn | 11.12 Bn |
| 3 | AbbVie | 518.29 Bn | 486.30 Bn | 13.12 Bn | 11.14 Bn |
| 4 | Merck | 365.98 Bn | 328.92 Bn | 13.19 Bn | 7.61 Bn |
| 5 | Novartis Ag | 316.85 Bn | 290.09 Bn | - | - |
| 6 | Astrazeneca | 293.40 Bn | 267.29 Bn | 13.26 Bn | 9.00 Bn |
| 7 | Amgen | 251.78 Bn | 203.43 Bn | 7.58 Bn | 6.66 Bn |
| 8 | Gilead Sciences | 210.61 Bn | 185.71 Bn | 6.73 Bn | 4.84 Bn |
| 9 | Pfizer | 166.87 Bn | 114.23 Bn | 12.56 Bn | 7.09 Bn |
| 10 | Sutro Biopharma | 175.16 Mn | -500.76 Mn | - | 39.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.73 Mn |
| Dec 31, 2025 | 49.70 Mn |
| Sep 30, 2025 | 58.15 Mn |
| Jun 30, 2025 | 67.09 Mn |
| Mar 31, 2025 | 85.91 Mn |
| Dec 31, 2024 | 80.07 Mn |
| Sep 30, 2024 | 76.44 Mn |
| Jun 30, 2024 | 74.39 Mn |
| Mar 31, 2024 | 69.60 Mn |
| Dec 31, 2023 | 70.57 Mn |
| Sep 30, 2023 | 60.94 Mn |
| Jun 30, 2023 | 56.59 Mn |
| Mar 31, 2023 | 54.91 Mn |
| Dec 31, 2022 | 57.85 Mn |
| Sep 30, 2022 | 46.36 Mn |
| Jun 30, 2022 | 47.48 Mn |
| Mar 31, 2022 | 45.03 Mn |
| Dec 31, 2021 | 45.69 Mn |
| Sep 30, 2021 | 43.19 Mn |
| Jun 30, 2021 | 37.85 Mn |
API Access
Sutro Biopharma Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=STRO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "STRO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=STRO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();