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CUE Financials Cue Biopharma, Inc.

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
-$53M -$13M $27M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-4275% -2138% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$42M -$21M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $37M $75M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$42M $10M $62M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 7.0 14.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.