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Sutro Biopharma(STRO)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$15.73
09/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for STRO

09/23/2026: STRO (1-star) is currently NOT-A-BUY. Pass it for now.

Sutro Biopharma is a clinical-stage biotechnology company that leverages its proprietary cell-free protein synthesis platform to develop antibody-drug conjugates (ADCs) for cancer treatment. Its main strengths include a highly efficient technology platform and strategic partnerships that provide external validation and non-dilutive funding. The company's investment story hinges on the success of its internal pipeline, specifically lead candidates like Luveltamab tazevibulin. Key risks include significant financial burn, binary clinical trial outcomes, and intense competition from much larger pharmaceutical firms. Sutro may suit risk-tolerant growth investors focused on clinical development, provided they monitor critical regulatory and trial data updates closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitSutro offers high growth potential linked to its technology platform, but with binary clinical trial risks.
Momentum investorStrong fit while signal remains positiveThe stock often reacts significantly to clinical news, making it a potential candidate during positive momentum cycles.
Value investorWeak fitThe lack of earnings and reliance on speculative R&D pipelines makes it a poor fit for traditional value metrics.
Dividend investorWeak fitSutro does not pay dividends and focuses all capital on development.
Low-risk investorWeak fitThe high volatility and clinical risk profile are unsuitable for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is highly sensitive to clinical data releases and sector sentiment.
Valuation riskHighValuation relies heavily on future projections rather than current cash flow.
Competition risk (Oncology/ADC)HighLarge pharma incumbents have more resources for large-scale clinical programs.
Business qualityMediumThe platform is technologically validated, but its commercial viability is not yet proven.
Dividend incomeLow / noneInvestors should not expect income from this equity.
Execution riskHighSuccess depends on clinical and regulatory outcomes outside of the company's direct control.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit 11.92%
Avg. Invested days 32
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
STRO receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
STRO has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+16.0%) and strong revenue growth (+65.2%) are partially offset by soft cash generation (FCF margin -174.6%), soft profitability (net margin -186.5%), modest insider ownership of 2.26%.

Financial Health Rating

★★★★★
STRO's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 43.6%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is STRO's strongest growth driver at +65.2% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+16.0%, solid) is also solid, while free-cash-flow growth (+8.1%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 98.8% and approximately 64.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.26% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Perceptive Advisors LLC 7.87%
Bvf Inc 7.55%
Affinity Asset Advisors, LLC 7.07%
Samsara BioCapital, LLC 6.41%
Kynam Capital Management, LP 5.26%

Unit Economics (Per $1K Revenue)

★★★★★
STRO generates approximately $929 of gross profit, $-1,024 of operating income, and $-1,746 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.05%

Quantitative Style Profile

★★★★★
STRO has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 260.82M USD
Price to earnings Ratio -
1Y Target Price 47.23
Price to earnings Ratio -
1Y Target Price 47.23
Volume (30-day avg) 347.8K shares
Beta 1.49
52 Weeks Range 7.15 - 43.85
Updated Date 09/23/2026
52 Weeks Range 7.15 - 43.85
Updated Date 09/23/2026
Dividends yield (FY) -
Basic EPS (TTM) -16.98

How Company Makes Money

Business areaWhat it includesRetail investor read
Collaboration and LicensingFees and milestone payments from partners utilizing the XpressCF platform.This provides non-dilutive capital and validates the technology, though it is lumpy and unpredictable.
R&D ProgramsClinical and preclinical development of proprietary drug candidates.This is the 'value engine' of the stock, representing the potential for future drug sales or assets.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 10.03
Enterprise Value 113.23M
Price to Sales(TTM) 5.71
Enterprise Value 113.23M
Price to Sales(TTM) 5.71
Enterprise Value to Revenue 2.48
Enterprise Value to EBITDA 41.71
Shares Outstanding 16.58M
Shares Floating 10.77M
Shares Outstanding 16.58M
Shares Floating 10.77M
Percent Insiders 2.26
Percent Institutions 98.76

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Sutro Biopharma

Exchange NASDAQ
Headquarters South San Francisco, CA, United States
IPO Launch date 2018-09-27
CEO & Director Ms. Jane Chung R.Ph.
Sector Healthcare
Industry Biotechnology
Full time employees 128
Full time employees 128

Sutro Biopharma, Inc. operates as an oncology company. The company develops site-specific and novel-format antibody drug conjugates (ADCs) that enables its proprietary integrated cell-free protein synthesis platform, XpressCF; and site-specific conjugation platform, XpressCF+. Its lead product candidate includes STRO-004, a tissue factor (TF) targeting ADC for the treatment of TF-expressing solid tumors, including non-small cell lung cancer, head and neck squamous cell carcinoma, cervical cancer, colorectal cancer, pancreatic ductal adenocarcinoma, endometrial cancer, and bladder cancer. The company also develops VAX-24 and Vax-31 pneumococcal conjugate vaccine candidates that is in Phase II/III clinical trials for the treatment of invasive pneumococcal disease in adults and adults and infants; and STRO-003, an ADC directed against an anti-receptor tyrosine kinase-like orphan receptor 1 (ROR1) for the treatment of solid tumors, such as triple negative breast cancer, non-small cell lung cancer, and ovarian cancer, as well as hematological cancers. Sutro Biopharma, Inc. has collaboration and license agreements with Vaxcyte to discover and develop vaccine candidates for the treatment or prophylaxis of infectious diseases; Tasly Biopharmaceuticals Co., Ltd. to develop and commercialize STRO-002 in Greater China; Ipsen to develop and commercialize STRO-003, an ADC targeting ROR1; and Astellas Pharma Inc. to develop immunostimulatory ADC. The company was formerly known as Fundamental Applied Biology, Inc. Sutro Biopharma, Inc. was incorporated in 2003 and is headquartered in South San Francisco, California.