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
DateValue
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