Sutro Biopharma (STRO) Operating Expenses (2017 - 2025)
Sutro Biopharma (STRO) reported Operating Expenses of $49.7 million for Q4 2025, down 37.93% on a YoY basis from $80.1 million in Q4 2024, and down 14.54% sequentially from $58.2 million in Q3 2025.
Sutro Biopharma (STRO) Operating Expenses (2017 - 2025) Analysis & Trends
Sutro Biopharma (STRO) has 9 years of Operating Expenses data on file, last reported at $49.7 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 37.93% year-over-year to $49.7 million; the trailing twelve-month figure through Dec 2025 stood at $260.9 million (down 13.19% YoY), and the FY2025 full-year result was $260.9 million, down 13.19% from the prior year.
- Operating Expenses retreated to $49.7 million in Q4 2025, from $58.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $85.9 million in Q1 2025 to a low of $33.7 million in Q1 2021.
- A 5-year average of $58.1 million and a median of $57.2 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 51.87% in 2021 and plunged 37.93% in 2025, its largest moves.
- Tracing STRO's Operating Expenses over 5 years: stood at $45.7 million in 2021, then rose by 26.62% to $57.9 million in 2022, then increased by 21.98% to $70.6 million in 2023, then grew by 13.46% to $80.1 million in 2024, then plunged by 37.93% to $49.7 million in 2025.
- Business Quant data shows STRO's Operating Expenses at $49.7 million in Q4 2025, $58.2 million in Q3 2025, and $67.1 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Sutro Biopharma | 202.59 Mn | 61.16 Mn | - | 49.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 33.67 Mn |