9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 54.2% per year over the past 5 years.
Operating margin has expanded, at -96.7% in the latest year.
Financial health
Operating income covered interest expense -265.5× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.2 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$27M
-$27M
0.0%
-96.7%
-$22M
—
$27M
2024
$9M
-$41M
0.0%
-446.9%
-$36M
$37000
$22M
2023
$5M
-$51M
0.0%
-949.9%
-$40M
$4M
$49M
2022
$1M
-$53M
0.0%
-4275.1%
-$42M
$8M
$52M
2021
$15M
-$44M
0.0%
-292.6%
-$40M
$0
$64M
2020
$3M
-$45M
0.0%
-1428.0%
-$33M
—
$75M
2019
$3M
-$37M
0.0%
-1063.2%
-$31M
—
$44M
2018
$1M
-$39M
0.0%
-3386.7%
-$28M
—
$21M
2017
—
-$23M
—
—
-$13M
—
$64M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$6M
-$5M
0.0%
-94.1%
-$11M
—
$16M
Dec '25
$22M
$2M
0.0%
9.0%
-$1M
—
$27M
Sep '25
$2M
-$7M
0.0%
-353.4%
-$9M
—
$12M
Jun '25
$3M
-$8M
0.0%
-292.3%
-$3M
—
$27M
Mar '25
$421000
-$12M
0.0%
-2921.4%
-$8M
—
$13M
Dec '24
$2M
-$9M
0.0%
-611.2%
-$9M
$37000
$22M
Sep '24
$3M
-$9M
0.0%
-264.2%
-$8M
$1M
$32M
Jun '24
$3M
-$10M
0.0%
-390.6%
-$10M
$2M
$30M
Mar '24
$2M
-$12M
0.0%
-737.8%
-$10M
$3M
$41M
Dec '23
$2M
-$13M
0.0%
-759.6%
-$11M
$4M
$49M
Sep '23
$2M
-$11M
0.0%
-543.8%
-$8M
$5M
$55M
Jun '23
$1M
-$13M
0.0%
-978.1%
-$10M
$6M
$53M
Mar '23
$187000
-$13M
0.0%
-7155.1%
-$11M
$7M
$56M
Dec '22
$151000
-$15M
0.0%
-9845.0%
-$11M
$8M
$52M
Sep '22
$68000
-$11M
0.0%
-16222.1%
-$7M
$9M
$30M
Jun '22
$26000
-$13M
0.0%
-50346.2%
-$13M
$10M
$66M
Mar '22
$1M
-$14M
0.0%
-1423.8%
-$12M
$10M
$68M
Dec '21
$8M
-$8M
0.0%
-95.6%
-$11M
$0
$64M
Sep '21
$2M
-$13M
0.0%
-543.5%
-$7M
—
$68M
Jun '21
$3M
-$10M
0.0%
-376.2%
-$10M
—
$74M
Valuation over time
How the market has priced CUE against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 11.6× (Mar '23) to 3.8× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is CUE growing its revenue and profit?
Over the past 5 years, Cue Biopharma, Inc.'s revenue has grown 54.2% per year. These are computed facts, not advice.
How much debt does CUE have?
As of FY2025, Cue Biopharma, Inc. reported — of total debt against $27M of cash; operating income covered interest expense -265.5×.
What is CUE's profit margin?
In FY2025, gross margin was —, operating margin -96.7%, and net margin -96.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.