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Side-by-side financial comparison of SUTRO BIOPHARMA, INC. (STRO) and Zedge, Inc. (ZDGE). Click either name above to swap in a different company.

SUTRO BIOPHARMA, INC. is the larger business by last-quarter revenue ($11.6M vs $7.6M, roughly 1.5× Zedge, Inc.). On growth, Zedge, Inc. posted the faster year-over-year revenue change (5.8% vs -21.4%). Over the past eight quarters, Zedge, Inc.'s revenue compounded faster (-1.0% CAGR vs -5.4%).

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.

STRO vs ZDGE — Head-to-Head

Bigger by revenue
STRO
STRO
1.5× larger
STRO
$11.6M
$7.6M
ZDGE
Growing faster (revenue YoY)
ZDGE
ZDGE
+27.1% gap
ZDGE
5.8%
-21.4%
STRO
Faster 2-yr revenue CAGR
ZDGE
ZDGE
Annualised
ZDGE
-1.0%
-5.4%
STRO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
STRO
STRO
ZDGE
ZDGE
Revenue
$11.6M
$7.6M
Net Profit
$788.0K
Gross Margin
Operating Margin
12.0%
Net Margin
10.4%
Revenue YoY
-21.4%
5.8%
Net Profit YoY
35.4%
332.4%
EPS (diluted)
$0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
STRO
STRO
ZDGE
ZDGE
Q4 25
$11.6M
$7.6M
Q3 25
$9.7M
$7.5M
Q2 25
$63.7M
$7.8M
Q1 25
$17.4M
$7.0M
Q4 24
$14.8M
$7.2M
Q3 24
$8.5M
$7.6M
Q2 24
$25.7M
$7.7M
Q1 24
$13.0M
$7.8M
Net Profit
STRO
STRO
ZDGE
ZDGE
Q4 25
$788.0K
Q3 25
$-56.9M
$-559.0K
Q2 25
$-11.5M
$185.0K
Q1 25
$-76.0M
$-1.7M
Q4 24
$-72.4M
$-339.0K
Q3 24
$-48.8M
$-39.0K
Q2 24
$-48.0M
$113.0K
Q1 24
$-58.2M
$-9.2M
Operating Margin
STRO
STRO
ZDGE
ZDGE
Q4 25
12.0%
Q3 25
-499.9%
-9.6%
Q2 25
-5.2%
2.1%
Q1 25
-393.8%
-31.8%
Q4 24
-440.7%
-6.4%
Q3 24
-797.2%
-0.8%
Q2 24
-189.4%
-1.7%
Q1 24
-435.0%
-153.5%
Net Margin
STRO
STRO
ZDGE
ZDGE
Q4 25
10.4%
Q3 25
-586.6%
-7.5%
Q2 25
-18.0%
2.4%
Q1 25
-436.6%
-24.1%
Q4 24
-489.2%
-4.7%
Q3 24
-572.6%
-0.5%
Q2 24
-186.8%
1.5%
Q1 24
-447.5%
-118.8%
EPS (diluted)
STRO
STRO
ZDGE
ZDGE
Q4 25
$0.06
Q3 25
$-0.67
$-0.04
Q2 25
$-0.14
$0.01
Q1 25
$-0.91
$-0.12
Q4 24
$-27.63
$-0.02
Q3 24
$-0.59
$0.00
Q2 24
$-0.59
$0.01
Q1 24
$-0.59
$-0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STRO
STRO
ZDGE
ZDGE
Cash + ST InvestmentsLiquidity on hand
$141.4M
$18.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-132.5M
$25.9M
Total Assets
$173.8M
$36.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRO
STRO
ZDGE
ZDGE
Q4 25
$141.4M
$18.5M
Q3 25
$167.6M
$18.6M
Q2 25
$205.1M
$20.4M
Q1 25
$249.0M
$20.1M
Q4 24
$316.9M
$20.2M
Q3 24
$388.3M
$20.0M
Q2 24
$375.6M
$19.9M
Q1 24
$267.6M
$18.1M
Stockholders' Equity
STRO
STRO
ZDGE
ZDGE
Q4 25
$-132.5M
$25.9M
Q3 25
$-87.3M
$25.9M
Q2 25
$-32.1M
$28.6M
Q1 25
$-25.8M
$28.2M
Q4 24
$44.6M
$30.1M
Q3 24
$111.2M
$30.9M
Q2 24
$152.2M
$30.9M
Q1 24
$98.0M
$30.7M
Total Assets
STRO
STRO
ZDGE
ZDGE
Q4 25
$173.8M
$36.0M
Q3 25
$209.7M
$35.7M
Q2 25
$262.4M
$37.8M
Q1 25
$321.4M
$37.1M
Q4 24
$387.2M
$38.2M
Q3 24
$451.8M
$38.2M
Q2 24
$489.0M
$38.1M
Q1 24
$403.4M
$37.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
STRO
STRO
ZDGE
ZDGE
Operating Cash FlowLast quarter
$-177.2M
$825.0K
Free Cash FlowOCF − Capex
$808.0K
FCF MarginFCF / Revenue
10.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$3.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRO
STRO
ZDGE
ZDGE
Q4 25
$-177.2M
$825.0K
Q3 25
$-38.2M
$674.0K
Q2 25
$-44.7M
$870.0K
Q1 25
$-67.9M
$708.0K
Q4 24
$-71.7M
$1.2M
Q3 24
$-64.5M
$695.0K
Q2 24
$9.5M
$2.3M
Q1 24
$-64.7M
$1.6M
Free Cash Flow
STRO
STRO
ZDGE
ZDGE
Q4 25
$808.0K
Q3 25
$640.0K
Q2 25
$851.0K
Q1 25
$689.0K
Q4 24
$1.2M
Q3 24
$683.0K
Q2 24
$2.3M
Q1 24
$1.6M
FCF Margin
STRO
STRO
ZDGE
ZDGE
Q4 25
10.6%
Q3 25
8.6%
Q2 25
11.0%
Q1 25
9.9%
Q4 24
16.1%
Q3 24
9.0%
Q2 24
30.4%
Q1 24
20.0%
Capex Intensity
STRO
STRO
ZDGE
ZDGE
Q4 25
0.2%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
STRO
STRO
ZDGE
ZDGE
Q4 25
1.05×
Q3 25
Q2 25
4.70×
Q1 25
Q4 24
Q3 24
Q2 24
20.73×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

STRO
STRO

Segment breakdown not available.

ZDGE
ZDGE

Zedge Marketplace$7.1M94%
Other$468.0K6%

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