Sutro Biopharma, Inc. (STRO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 220.97M | 150.93M | 182.11M | 231.63M | 287.41M | 343.31M | 405.78M | 443.48M | 354.58M | 421.54M | 381.25M | 411.99M | 304.06M | 353.15M | 346.55M | 331.51M | 228.74M | 218.51M | 250.73M | 277.62M |
| Cash & Short-Term Investments | 202.56M | 141.43M | 167.59M | 205.13M | 248.97M | 316.89M | 388.25M | 425.99M | 313.22M | 375.62M | 355.15M | 391.64M | 276.49M | 334.36M | 324.25M | 225.64M | 209.15M | 197.94M | 229.7M | 258.7M |
| Cash Only | 73.68M | 58.13M | 65.93M | 64.03M | 106.23M | 190.3M | 174.58M | 90.79M | 65.22M | 69.27M | 81.83M | 235.09M | 62.47M | 47.25M | 96.78M | 79.11M | 28.9M | 30.41M | 30.71M | 56.39M |
| Short-Term Investments | 128.88M | 83.3M | 101.67M | 141.11M | 142.74M | 126.59M | 213.68M | 335.2M | 248M | 306.35M | 273.32M | 156.55M | 214.02M | 287.11M | 227.47M | 146.52M | 180.24M | 167.52M | 198.99M | 202.31M |
| Accounts Receivable | 12.48M | 3.98M | 3.92M | 8M | 13.56M | 8.62M | 6.66M | 6.95M | 31.3M | 36.08M | 16.63M | 10M | 9.87M | 7.12M | 11.24M | 97.67M | 11.69M | 12.45M | 12.33M | 9.16M |
| Days Sales Outstanding | 51.01 | 31.2 | 56.57 | 15.39 | 57.36 | 47.44 | 73.45 | 67.7 | 235.68 | 21.32 | 72.37 | 86.84 | 60.34 | 97.86 | 199.23 | 177.1 | 184.21 | 107.01 | 116.07 | 26.58 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 5.93M | 5.52M | 10.6M | 18.5M | 24.88M | 17.8M | 10.87M | 10.53M | 10.06M | 9.85M | 9.48M | 10.34M | 17.7M | 11.67M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 21.02M | 22.9M | 27.55M | 30.73M | 34.02M | 43.9M | 46.05M | 45.57M | 48.82M | 49.19M | 50.48M | 52.91M | 53.95M | 53.79M | 54.15M | 54.11M | 74.93M | 122.89M | 120.74M | 82.17M |
| Property, Plant & Equipment | 19.07M | 21.55M | 26.69M | 29.82M | 33.08M | 35.87M | 38.02M | 39.75M | 42.22M | 44.76M | 46.34M | 48.77M | 49.83M | 51.06M | 51.35M | 51.32M | 51.66M | 51.59M | 53.45M | 18.67M |
| Fixed Asset Turnover | 0.72x | 0.48x | 0.34x | 2.03x | 0.50x | 0.40x | 0.22x | 0.63x | 0.30x | 2.50x | 0.36x | 0.21x | 0.25x | 0.17x | 0.49x | 0.55x | 0.11x | 0.20x | 0.24x | 1.67x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 858K | 0 | 858K | 0 | 0 | 0 | 0 | 0 | 0 | -34.04M | -33.35M | 0 | -32.02M | 0 | 0 | 20.7M | 68.78M | 64.28M | 60.01M |
| Other Non-Current Assets | 1.95M | 495K | 858K | 50K | 943K | 8.03M | 8.03M | 5.82M | 6.6M | 4.44M | 38.18M | 37.49M | 4.12M | 34.75M | 2.79M | 2.79M | 2.58M | 2.53M | 3.02M | 3.5M |
| Total Assets | 241.99M | 173.83M | 209.66M | 262.36M | 321.43M | 387.21M | 451.83M | 489.04M | 403.4M | 470.74M | 431.73M | 464.9M | 358.02M | 406.94M | 400.7M | 385.62M | 303.68M | 341.41M | 371.47M | 359.79M |
| Asset Turnover | 0.07x | 0.06x | 0.04x | 0.22x | 0.05x | 0.04x | 0.02x | 0.06x | 0.03x | 0.25x | 0.04x | 0.03x | 0.03x | 0.02x | 0.06x | 0.08x | 0.02x | 0.03x | 0.02x | 0.08x |
| Asset Growth % | -24.72% | -55.11% | -53.6% | -46.35% | -20.32% | -17.74% | 4.66% | 5.19% | 12.68% | 15.68% | 7.74% | 20.56% | 17.89% | 19.2% | 7.87% | 7.18% | -15.3% | -13.37% | 20.91% | 29.64% |
| Total Current Liabilities | 70.81M | 75.13M | 71.89M | 74.25M | 133.05M | 131.89M | 131.29M | 129.99M | 79.51M | 93.75M | 73.61M | 67.13M | 59.49M | 66.55M | 58.29M | 44.57M | 38.76M | 41.74M | 35.45M | 26.13M |
| Accounts Payable | 5.49M | 7.57M | 7.03M | 4.31M | 8.18M | 10.47M | 6.22M | 6.09M | 7.51M | 9.44M | 5.53M | 3.86M | 5.06M | 4.8M | 12.44M | 12.57M | 10.71M | 6.01M | 11.17M | 7.64M |
| Days Payables Outstanding | 459.51 | - | - | - | - | - | - | 345.62 | 437.97 | - | - | 9.75 | - | 18.39 | - | - | 25.08 | 26.41 | 32.53 | 24.33 |
| Short-Term Debt | 7.6M | 7.78M | 7.96M | 0 | 0 | 0 | 0 | 0 | 0 | 4.06M | 7.14M | 16.13M | 13.24M | 17.09M | 12.5M | 12.5M | 12.5M | 9.38M | 6.25M | 3.13M |
| Deferred Revenue (Current) | 9.4M | 10.56M | 8.98M | 11.96M | 68.98M | 69.78M | 72.56M | 73.96M | 20.5M | 20.67M | 23.98M | 18.04M | 17.19M | 16.76M | 15.92M | 6.49M | 0 | 5.5M | 7.8M | 8.13M |
| Other Current Liabilities | 48.33M | 34.58M | 47.92M | 38.15M | 25.73M | 16.91M | 32.12M | 13.52M | 10.48M | 18.58M | 19.42M | 13.66M | 8.55M | 11.64M | 14.79M | 11.89M | 9.07M | 11.42M | 8.78M | 7.23M |
| Current Ratio | 3.12x | 2.01x | 2.53x | 3.12x | 2.16x | 2.60x | 3.09x | 3.41x | 4.46x | 4.50x | 5.18x | 6.14x | 5.11x | 5.31x | 5.95x | 7.44x | 5.90x | 5.24x | 7.07x | 10.63x |
| Quick Ratio | 3.12x | 2.01x | 2.53x | 3.12x | 2.16x | 2.60x | 3.09x | 3.41x | 4.46x | 4.50x | 5.18x | 6.14x | 5.11x | 5.31x | 5.95x | 7.44x | 5.90x | 5.24x | 7.07x | 10.63x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 238.06M | 231.15M | 225.03M | 220.22M | 214.19M | 210.71M | 209.32M | 206.88M | 225.87M | 227.34M | 245.78M | 243.06M | 113.12M | 123.35M | 112.69M | 131.99M | 44.54M | 47.11M | 52.44M | 26.16M |
| Long-Term Debt | 6.03M | 219.54M | 9.7M | 200.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.77M | 6.78M | 9.78M | 12.76M | 15.74M | 18.71M | 21.69M |
| Capital Lease Obligations | 0 | 7.89M | 0 | 11.54M | 13.63M | 15.67M | 17.66M | 19.59M | 21.4M | 23.15M | 24.86M | 26.53M | 28.07M | 29.57M | 31.04M | 32.07M | 31.63M | 31.22M | 32.07M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -142.76M | -136.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 232.03M | 1.69M | 215.33M | 1.69M | 1.69M | 1.69M | 1.69M | 1.69M | 1.69M | 1.69M | 142.76M | 136.65M | 0 | 119K | 133K | 142K | 147K | 146K | 1.5M | 4.28M |
| Total Liabilities | 308.88M | 306.28M | 296.93M | 294.47M | 347.24M | 342.61M | 340.61M | 336.87M | 305.38M | 321.09M | 319.39M | 310.18M | 172.6M | 189.9M | 170.97M | 176.56M | 83.3M | 88.84M | 87.89M | 52.29M |
| Total Debt | 13.63M | 235.21M | 17.66M | 219.68M | 21.4M | 23.15M | 24.86M | 26.53M | 28.07M | 33.63M | 38.17M | 48.59M | 46.56M | 55.02M | 52.95M | 55.47M | 57.97M | 57.37M | 58.48M | 24.82M |
| Net Debt | -60.05M | 177.08M | -48.27M | 155.65M | -84.83M | -167.15M | -149.72M | -64.26M | -37.15M | -35.63M | -43.66M | -186.5M | -15.91M | 7.76M | -43.83M | -23.65M | 29.07M | 26.96M | 27.77M | -31.57M |
| Debt / Equity | - | - | - | - | - | 0.52x | 0.22x | 0.17x | 0.29x | 0.22x | 0.34x | 0.31x | 0.25x | 0.25x | 0.23x | 0.27x | 0.26x | 0.23x | 0.21x | 0.08x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.75x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.79x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -3.13x | -3.54x | -4.46x | -0.09x | -4.46x | -7.07x | -5.17x | -4.50x | -5.43x | 6.37x | -4.47x | -13.76x | -15.63x | - | -5.99x | -38.58x | -59.56x | -57.25x | -42.29x | -11.58x |
| Total Equity | -66.89M | -132.45M | -87.27M | -32.11M | -25.81M | 44.6M | 111.22M | 152.18M | 98.02M | 149.65M | 112.35M | 154.72M | 185.41M | 217.05M | 229.73M | 209.06M | 220.37M | 252.56M | 283.58M | 307.5M |
| Equity Growth % | -159.14% | -396.97% | -178.46% | -121.1% | -126.33% | -70.2% | -1% | -1.64% | -47.13% | -31.05% | -51.1% | -25.99% | -15.86% | -14.06% | -18.99% | -32.01% | -28.3% | -23.94% | 16.16% | 48.73% |
| Book Value per Share | -5.11 | -15.43 | -10.28 | -3.80 | -3.11 | 5.40 | 13.56 | 18.74 | 15.95 | 24.53 | 18.54 | 25.64 | 31.57 | 38.22 | 43.89 | 44.52 | 47.39 | 54.71 | 61.43 | 66.68 |
| Total Shareholders' Equity | -66.89M | -132.45M | -87.27M | -32.11M | -25.81M | 44.6M | 111.22M | 152.18M | 98.02M | 149.65M | 112.35M | 154.72M | 185.41M | 217.05M | 229.73M | 209.06M | 220.37M | 252.56M | 283.58M | 307.5M |
| Common Stock | 17K | 9K | 85K | 85K | 84K | 83K | 82K | 82K | 62K | 61K | 61K | 60K | 60K | 58K | 55K | 49K | 47K | 46K | 46K | 46K |
| Retained Earnings | -1.02B | -977.96M | -931.19M | -874.34M | -862.84M | -786.87M | -714.43M | -665.64M | -617.62M | -559.41M | -590.47M | -541.19M | -502.67M | -452.62M | -418.02M | -398.53M | -372.52M | -333.41M | -295.29M | -264.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -101K | 19K | 33K | -13K | -9K | 39K | 106K | -163K | -113K | 21K | 7K | 16K | -107K | -618K | -1.34M | -1.36M | -1.15M | -314K | -30K | -45K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |