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Side-by-side financial comparison of Xiao-I Corp (AIXI) and Cue Biopharma, Inc. (CUE). Click either name above to swap in a different company.

Cue Biopharma, Inc. is the larger business by last-quarter revenue ($21.9M vs $11.5M, roughly 1.9× Xiao-I Corp). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs -263.9%, a 271.1% gap on every dollar of revenue.

Xiao-i is a Chinese cognitive artificial intelligence enterprise founded in 2001.

Cue Biopharma is a clinical-stage biotechnology company focused on developing novel targeted immunotherapies for cancer, autoimmune disorders, and inflammatory diseases. Its proprietary platform enables precise T-cell activity modulation, with core operations in North America and global pharma partnerships to advance lead product candidates through clinical trials.

AIXI vs CUE — Head-to-Head

Bigger by revenue
CUE
CUE
1.9× larger
CUE
$21.9M
$11.5M
AIXI
Higher net margin
CUE
CUE
271.1% more per $
CUE
7.2%
-263.9%
AIXI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AIXI
AIXI
CUE
CUE
Revenue
$11.5M
$21.9M
Net Profit
$-30.4M
$1.6M
Gross Margin
58.1%
Operating Margin
-254.9%
9.0%
Net Margin
-263.9%
7.2%
Revenue YoY
1292.3%
Net Profit YoY
116.7%
EPS (diluted)
$0.05

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
AIXI
AIXI
CUE
CUE
Q4 25
$21.9M
Q3 25
$2.1M
Q2 25
$11.5M
$3.0M
Q1 25
$421.0K
Q4 24
$1.6M
Q3 24
$3.3M
Q2 24
$33.0M
$2.7M
Q1 24
$1.7M
Net Profit
AIXI
AIXI
CUE
CUE
Q4 25
$1.6M
Q3 25
$-7.4M
Q2 25
$-30.4M
$-8.5M
Q1 25
$-12.3M
Q4 24
Q3 24
$-8.7M
Q2 24
$-15.5M
$-10.2M
Q1 24
$-12.3M
Gross Margin
AIXI
AIXI
CUE
CUE
Q4 25
Q3 25
Q2 25
58.1%
Q1 25
Q4 24
Q3 24
Q2 24
64.5%
Q1 24
Operating Margin
AIXI
AIXI
CUE
CUE
Q4 25
9.0%
Q3 25
-353.4%
Q2 25
-254.9%
-292.3%
Q1 25
-2921.4%
Q4 24
Q3 24
-264.2%
Q2 24
-45.0%
-390.6%
Q1 24
-737.8%
Net Margin
AIXI
AIXI
CUE
CUE
Q4 25
7.2%
Q3 25
-346.6%
Q2 25
-263.9%
-287.1%
Q1 25
-2911.4%
Q4 24
Q3 24
-259.6%
Q2 24
-47.2%
-382.7%
Q1 24
-719.1%
EPS (diluted)
AIXI
AIXI
CUE
CUE
Q4 25
$0.05
Q3 25
$-0.07
Q2 25
$-0.09
Q1 25
$-0.17
Q4 24
Q3 24
$-0.17
Q2 24
$-0.64
$-0.20
Q1 24
$-0.25

Balance Sheet & Financial Strength

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

Metric
AIXI
AIXI
CUE
CUE
Cash + ST InvestmentsLiquidity on hand
$5.0M
$27.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
Total Assets
$82.4M
$42.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIXI
AIXI
CUE
CUE
Q4 25
$27.1M
Q3 25
$11.7M
Q2 25
$5.0M
$27.5M
Q1 25
$13.1M
Q4 24
$22.5M
Q3 24
$32.4M
Q2 24
$1.8M
$30.0M
Q1 24
$41.0M
Total Debt
AIXI
AIXI
CUE
CUE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.0M
Q2 24
$2.0M
Q1 24
$3.0M
Stockholders' Equity
AIXI
AIXI
CUE
CUE
Q4 25
$26.4M
Q3 25
$13.2M
Q2 25
$18.2M
Q1 25
$6.6M
Q4 24
$17.5M
Q3 24
$25.4M
Q2 24
$21.6M
Q1 24
$30.0M
Total Assets
AIXI
AIXI
CUE
CUE
Q4 25
$42.2M
Q3 25
$31.6M
Q2 25
$82.4M
$40.7M
Q1 25
$22.3M
Q4 24
$32.2M
Q3 24
$44.8M
Q2 24
$87.6M
$42.3M
Q1 24
$54.0M
Debt / Equity
AIXI
AIXI
CUE
CUE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.04×
Q2 24
0.09×
Q1 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
AIXI
AIXI
CUE
CUE
Operating Cash FlowLast quarter
$-2.3M
$-1.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIXI
AIXI
CUE
CUE
Q4 25
$-1.1M
Q3 25
$-9.0M
Q2 25
$-2.3M
$-3.4M
Q1 25
$-8.2M
Q4 24
$-36.3M
Q3 24
$-7.5M
Q2 24
$-10.0M
Q1 24
$-9.8M
Free Cash Flow
AIXI
AIXI
CUE
CUE
Q4 25
Q3 25
Q2 25
$-3.4M
Q1 25
$-8.3M
Q4 24
$-36.4M
Q3 24
$-7.5M
Q2 24
$-10.0M
Q1 24
$-9.8M
FCF Margin
AIXI
AIXI
CUE
CUE
Q4 25
Q3 25
Q2 25
-116.5%
Q1 25
-1976.7%
Q4 24
-2309.3%
Q3 24
-225.7%
Q2 24
-376.2%
Q1 24
-573.0%
Capex Intensity
AIXI
AIXI
CUE
CUE
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.9%
Q1 25
35.6%
Q4 24
4.2%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
3.2%
Cash Conversion
AIXI
AIXI
CUE
CUE
Q4 25
-0.68×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AIXI
AIXI

Segment breakdown not available.

CUE
CUE

Immuno Scape Collaboration And License Agreement$9.5M43%
BI Collaboration And License Agreement$8.1M37%
Other$4.3M20%

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