Answer
The press release excerpt you’ve shared does not disclose the specific cash‑balance figure or the projected quarterly/annual burn rate that Stoke Therapeutics, Inc. (NASDAQ: STOK) cited in its Q2 2025 results. Because the cash runway is calculated by dividing the company’s available cash (or cash‑equivalent) balance by its expected cash consumption (burn) over a given period, we can’t compute a concrete “months of cash on hand” number from the information provided.
How to determine the runway once the numbers are available
- Identify the cash balance – Look for the line item “Cash and cash equivalents” (or similar) in the balance sheet or the “Cash balance” figure disclosed in the earnings release.
- Identify the projected burn rate – Companies typically state a “cash burn” for the next 12 months, the next quarter, or a “runway” estimate (e.g., “cash will fund operations for X months”). If only a quarterly burn is given, annualize it (multiply by 4) or convert to a monthly rate (divide by 3).
- Runway calculation –
[ \text{Cash runway (months)} = \frac{\text{Cash balance}}{\text{Average monthly burn}} ]
If the burn is quoted on a quarterly basis, first convert to a monthly amount:
[ \text{Monthly burn} = \frac{\text{Quarterly burn}}{3} ]
Trading implication
- If the runway is short (e.g., < 12 months), the market typically prices in higher financing risk, which can cap upside and increase volatility. Expect the stock to be more sensitive to any news of financing activity (e.g., equity raises, debt, or partnership funding).
- If the runway is comfortably long (e.g., > 18 months), the financing risk premium is lower, allowing the price to reflect more of the underlying clinical‑stage upside. In that scenario, technical momentum and sector sentiment will play a larger role in short‑term price moves.
Next step for you
Locate the full Q2 2025 earnings release (or the 10‑Q filing) for Stoke Therapeutics, extract the “Cash and cash equivalents” balance and the company’s stated projected cash burn, then apply the simple division above to obtain the cash runway. Once you have that figure, you can position the trade based on the runway length relative to the company’s upcoming cash‑needs milestones (e.g., Phase 2 read‑out, potential partnership announcements, or a financing event).