All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2025-06-25.
From the record
Sutro Biopharma, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2025-06-25) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+8.9% a year over 9 filed years; profitable in 0 of 9.
From the record
Sutro Biopharma, Inc.'s 9 filed years say what it did: revenue went from $52 million in fiscal 2017 to $102 million in fiscal 2025, up 8.9% a year; it rose in 5 of 8 years; the deepest fall was 60% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 9 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 4.9/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Sutro Biopharma, Inc.'s shareholder treatment is put at 4.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 49% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
Leverage 176%: owes 176¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Sutro Biopharma, Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 176 cents per dollar of assets, and net share issuance: its share count grew 9.8% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 38% of 102 in its family; net margin -186.5%.
From the record
Sutro Biopharma, Inc.'s standing among 102 graded names in its industry family: revenue of $102 million in fiscal 2025 ranks in the top 30% by size; a net margin of -186.5% ranks in the top 45%; revenue growth of 14.8% a year over the last 3 filed years ranks in the top 39% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 43% of 110 in its family for leadership; chief executive since 2025.
From the record
Sutro Biopharma, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Chung, Jane (Chief Executive Officer, as filed), filing under that title since 2025-04-08, 1.6 years (bottom 20% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (bottom 47%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 37%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 46% of 92 in its family for room to expand.
From the record
Sutro Biopharma, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $58 million against no long-term debt tagged leaves 33.4% of its assets as net cash, top 45% of its family; cash from operations less capital spending is -172.9% of revenue (top 46%); research spending of 162.4% of revenue (top 48%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 35% of 100 in its family for growth drivers.
From the record
Sutro Biopharma, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 14.8% a year over the last three filed years against 8.9% over all 9, speeding up (top 20% of its family); the newest year grew 65.2% (top 26%); research spending grew 6.7% a year (top 39%); capital spending grew -40.5% a year (bottom 43%) (its annual reports). Sutro Biopharma, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 49% of 72 in its family for expectations against reality.
From the record
Sutro Biopharma, Inc.'s newest year against its own record: revenue of $102 million in fiscal 2025 came in 72.6% above the $59 million its prior three years' pace pointed to (top 22% of its family); net income of $191 million against a prior three-year average of $151 million (bottom 28%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 47%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made