Cue Biopharma, Inc. logo

Cue Biopharma, Inc.

CUE

NASDAQHealthcareBiotechnology

Previous close

$23.98

−$0.63 · -2.56%

Aug 21, 4:00 PM ET

CUE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

71

Undervalued

Momentum

65

Gaining

Sentiment

54

Mixed

Risk resilience

37

High Risk

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Company profile

Company website

Cue Biopharma, Inc. is a clinical-stage biopharmaceutical enterprise focused on creating biological therapies. Its central objective is the precise manipulation of the human immune system to address a spectrum of severe conditions, such as various cancers, chronic infectious diseases, and autoimmune disorders. The company's leading investigational therapeutic is CUE-101, a specialized fusion protein biologic. This candidate is currently advancing through Phase 1b clinical trials, engineered to specifically identify and activate antigen-specific T cells involved in cancers originating from human papillomavirus. Beyond its flagship program, Cue Biopharma is also developing a range of other innovative platforms: CUE-102, another fusion protein biologic designed to stimulate specific T cells to combat cancer; CUE-103, an Immuno-STAT from the CUE-100 series, which is developed to target the KRAS G12V mutation relevant in diseases like colorectal, lung, and pancreatic cancers; CUE-200, which concentrates on cell surface receptors such as CD80 and/or 4-1BBL to counteract T cell exhaustion often seen in chronic infections; and the CUE-300 and CUE-400 frameworks, conceptual platforms aimed at treating diverse autoimmune conditions. Cue Biopharma maintains key strategic alliances, including collaborations with Merck Sharp & Dohme Corp. for the research and development of its unique biologics targeting autoimmune indications, with LG Chem Life Sciences for advancing Immuno-STATs in the field of oncology, and with the Albert Einstein College of Medicine. The company, founded in 2014, was initially known as Imagen Biopharma, Inc. before adopting its current name, Cue Biopharma, Inc., in October 2016. It is headquartered in Cambridge, Massachusetts.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Shao-Lee Lin
Listed since
Jan 2, 2018
Employees
29

Market position

Day range

Current $23.98

52-week range

Current $23.98

Open
$25.47
Previous close
$24.61
Volume
177.75K
0.99× average
Average volume
179.87K
Average daily volume
Market cap
63.02M USD
Beta
2.47
Market reference 1
50-day average
$29.1643
-17.78% below average
200-day average
$18.4726
+29.81% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.99M USD
P/E (TTM)
-0.89×
P/B (TTM)
65.82×
P/S (TTM)
1.67×
EV / EBITDA
-0.27×
Earnings yield
-91.97%
Free cash flow yield
-75.59%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
99.69%
Operating margin
-261.97%
Net margin
-435.83%
Return on equity
-100.64%
Return on assets
-63.02%
Return on invested capital
-86.59%

Financial health

Debt / equity
1.33×
Current ratio
2.74×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends551%-1204%-2959%-4714%Gross margin, FY2021: 111.90%Gross margin, FY2022: 100.00%Gross margin, FY2023: -593.93%Gross margin, FY2024: 100.00%Gross margin, FY2025: 100.00%Operating margin, FY2021: -292.56%Operating margin, FY2022: -4275.10%Operating margin, FY2023: -949.89%Operating margin, FY2024: -446.86%Operating margin, FY2025: -96.56%Net margin, FY2021: -295.56%Net margin, FY2022: -4257.83%Net margin, FY2023: -924.10%Net margin, FY2024: -437.97%Net margin, FY2025: -96.85%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 111.90%. Gross margin FY2022 100.00%. Gross margin FY2023 -593.93%. Gross margin FY2024 100.00%. Gross margin FY2025 100.00%. Operating margin FY2021 -292.56%. Operating margin FY2022 -4275.10%. Operating margin FY2023 -949.89%. Operating margin FY2024 -446.86%. Operating margin FY2025 -96.56%. Net margin FY2021 -295.56%. Net margin FY2022 -4257.83%. Net margin FY2023 -924.10%. Net margin FY2024 -437.97%. Net margin FY2025 -96.85%.

Income trends

Revenue

27.47M USD+195.75%

Operating income

−26.52M USD+36.09%

Net income

−26.6M USD+34.60%
Income trends across reported periods35.54M USD3.26M USD−29.02M USD−61.29M USDRevenue, FY2021: 14.94M USDRevenue, FY2022: 1.25M USDRevenue, FY2023: 5.49M USDRevenue, FY2024: 9.29M USDRevenue, FY2025: 27.47M USDOperating income, FY2021: −43.71M USDOperating income, FY2022: −53.23M USDOperating income, FY2023: −52.15M USDOperating income, FY2024: −41.5M USDOperating income, FY2025: −26.52M USDNet income, FY2021: −44.16M USDNet income, FY2022: −53.01M USDNet income, FY2023: −50.73M USDNet income, FY2024: −40.67M USDNet income, FY2025: −26.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 14.94M USD. Revenue FY2022 1.25M USD. Revenue FY2023 5.49M USD. Revenue FY2024 9.29M USD. Revenue FY2025 27.47M USD. Operating income FY2021 −43.71M USD. Operating income FY2022 −53.23M USD. Operating income FY2023 −52.15M USD. Operating income FY2024 −41.5M USD. Operating income FY2025 −26.52M USD. Net income FY2021 −44.16M USD. Net income FY2022 −53.01M USD. Net income FY2023 −50.73M USD. Net income FY2024 −40.67M USD. Net income FY2025 −26.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue27.47M USD9.29M USD5.49M USD1.25M USD14.94M USD
Cost of goods sold38.1M USD−1.78M USD
Gross profit27.47M USD9.29M USD−32.61M USD1.25M USD16.72M USD
Research and development37.74M USD36.3M USD40.8M USD38.58M USD41.35M USD
Selling, general, and administrative16.24M USD14.59M USD16.68M USD16.17M USD17.31M USD
Operating expenses53.99M USD50.79M USD19.54M USD54.47M USD60.43M USD
Interest income807K USD1.62M USD2.66M USD928.24K USD45.9K USD
Interest expense357K USD796K USD1.25M USD713.82K USD
Depreciation and amortization3.48M USD2.35M USD3.44M USD1.81M USD−1.78M USD
Operating income−26.52M USD−41.5M USD−52.15M USD−53.23M USD−43.71M USD
Net income−26.6M USD−40.67M USD−50.73M USD−53.01M USD−44.16M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-284.11%
11 comparable reports
Latest EPS result
-24.14
Estimate -1.69 · Miss by 1328.40%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.26-7.19-16.65-26.1Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual -3.9, estimate -2.58, surprise -51.16%, Miss. Q2 2025, reported May 12, 2025: actual -5.11, estimate -4.2, surprise -21.67%, Miss. Q3 2025, reported Aug 12, 2025: actual -2.7, estimate -3.9, surprise +30.77%, Beat. Q4 2025, reported Nov 12, 2025: actual -2.1, estimate -2.8, surprise +25.00%, Beat. Q1 2026, reported Mar 16, 2026: actual 0.3, estimate -2.7, surprise +111.11%, Beat. Q2 2026, reported May 14, 2026: actual -1.08, estimate -3.3, surprise +67.27%, Beat. Q3 2026, reported Aug 14, 2026: actual -24.14, estimate -1.69, surprise -1328.40%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate -1.42, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates23.66M15.9M8.13M357.85KQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual 1.58M USD, estimate 1.7M USD, surprise -7.36%, Miss. Q2 2025, reported May 12, 2025: actual 421K USD, estimate 1.27M USD, surprise -66.79%, Miss. Q3 2025, reported Aug 12, 2025: actual 2.95M USD, estimate 2M USD, surprise +47.70%, Beat. Q4 2025, reported Nov 12, 2025: actual 2.15M USD, estimate 2.29M USD, surprise -6.14%, Miss. Q1 2026, reported Mar 16, 2026: actual 21.94M USD, estimate 1M USD, surprise +2094.20%, Beat. Q2 2026, reported May 14, 2026: actual 5.69M USD, estimate 2.5M USD, surprise +127.44%, Beat. Q3 2026, reported Aug 14, 2026: actual 7.88M USD, estimate 3M USD, surprise +162.57%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 2.1M USD, surprise —, Comparison unavailable.

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