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

BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $21.9M, roughly 1.0× Cue Biopharma, Inc.). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs -5.3%, a 12.5% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs -9.4%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs -5.3%).

BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.

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.

BGSF vs CUE — Head-to-Head

Bigger by revenue
BGSF
BGSF
1.0× larger
BGSF
$22.0M
$21.9M
CUE
Growing faster (revenue YoY)
CUE
CUE
+1301.6% gap
CUE
1292.3%
-9.4%
BGSF
Higher net margin
CUE
CUE
12.5% more per $
CUE
7.2%
-5.3%
BGSF
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
-5.3%
BGSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGSF
BGSF
CUE
CUE
Revenue
$22.0M
$21.9M
Net Profit
$-1.2M
$1.6M
Gross Margin
35.0%
Operating Margin
-17.6%
9.0%
Net Margin
-5.3%
7.2%
Revenue YoY
-9.4%
1292.3%
Net Profit YoY
-18.2%
116.7%
EPS (diluted)
$-0.12
$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
BGSF
BGSF
CUE
CUE
Q4 25
$22.0M
$21.9M
Q3 25
$26.9M
$2.1M
Q2 25
$23.5M
$3.0M
Q1 25
$20.9M
$421.0K
Q4 24
$24.3M
$1.6M
Q3 24
$29.8M
$3.3M
Q2 24
$25.7M
$2.7M
Q1 24
$24.5M
$1.7M
Net Profit
BGSF
BGSF
CUE
CUE
Q4 25
$-1.2M
$1.6M
Q3 25
$-5.8M
$-7.4M
Q2 25
$-3.7M
$-8.5M
Q1 25
$-722.0K
$-12.3M
Q4 24
$-981.0K
Q3 24
$-804.0K
$-8.7M
Q2 24
$-761.0K
$-10.2M
Q1 24
$-792.0K
$-12.3M
Gross Margin
BGSF
BGSF
CUE
CUE
Q4 25
35.0%
Q3 25
35.9%
Q2 25
35.8%
Q1 25
36.2%
Q4 24
35.9%
Q3 24
35.9%
Q2 24
37.3%
Q1 24
38.1%
Operating Margin
BGSF
BGSF
CUE
CUE
Q4 25
-17.6%
9.0%
Q3 25
-3.5%
-353.4%
Q2 25
-18.8%
-292.3%
Q1 25
1.6%
-2921.4%
Q4 24
-15.7%
Q3 24
-3.4%
-264.2%
Q2 24
-5.7%
-390.6%
Q1 24
1.7%
-737.8%
Net Margin
BGSF
BGSF
CUE
CUE
Q4 25
-5.3%
7.2%
Q3 25
-21.6%
-346.6%
Q2 25
-15.9%
-287.1%
Q1 25
-3.5%
-2911.4%
Q4 24
-4.0%
Q3 24
-2.7%
-259.6%
Q2 24
-3.0%
-382.7%
Q1 24
-3.2%
-719.1%
EPS (diluted)
BGSF
BGSF
CUE
CUE
Q4 25
$-0.12
$0.05
Q3 25
$-0.52
$-0.07
Q2 25
$-0.34
$-0.09
Q1 25
$-0.06
$-0.17
Q4 24
Q3 24
$-0.07
$-0.17
Q2 24
$-0.07
$-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
BGSF
BGSF
CUE
CUE
Cash + ST InvestmentsLiquidity on hand
$27.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$48.1M
$26.4M
Total Assets
$57.8M
$42.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
CUE
CUE
Q4 25
$27.1M
Q3 25
$41.2M
$11.7M
Q2 25
$2.8M
$27.5M
Q1 25
$2.0M
$13.1M
Q4 24
$32.0K
$22.5M
Q3 24
$262
$32.4M
Q2 24
$226
$30.0M
Q1 24
$50
$41.0M
Total Debt
BGSF
BGSF
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
BGSF
BGSF
CUE
CUE
Q4 25
$48.1M
$26.4M
Q3 25
$50.7M
$13.2M
Q2 25
$78.3M
$18.2M
Q1 25
$81.8M
$6.6M
Q4 24
$82.3M
$17.5M
Q3 24
$82.9M
$25.4M
Q2 24
$83.2M
$21.6M
Q1 24
$83.6M
$30.0M
Total Assets
BGSF
BGSF
CUE
CUE
Q4 25
$57.8M
$42.2M
Q3 25
$83.6M
$31.6M
Q2 25
$149.7M
$40.7M
Q1 25
$152.3M
$22.3M
Q4 24
$150.1M
$32.2M
Q3 24
$157.3K
$44.8M
Q2 24
$159.8K
$42.3M
Q1 24
$170.6K
$54.0M
Debt / Equity
BGSF
BGSF
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
BGSF
BGSF
CUE
CUE
Operating Cash FlowLast quarter
$1.7M
$-1.1M
Free Cash FlowOCF − Capex
$1.7M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
0.0%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-16.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
CUE
CUE
Q4 25
$1.7M
$-1.1M
Q3 25
$-4.8M
$-9.0M
Q2 25
$2.2M
$-3.4M
Q1 25
$1.1M
$-8.2M
Q4 24
$3.2M
$-36.3M
Q3 24
$6.5M
$-7.5M
Q2 24
$7.3M
$-10.0M
Q1 24
$7.4M
$-9.8M
Free Cash Flow
BGSF
BGSF
CUE
CUE
Q4 25
$1.7M
Q3 25
$-4.9M
Q2 25
$2.1M
$-3.4M
Q1 25
$1.0M
$-8.3M
Q4 24
$2.5M
$-36.4M
Q3 24
$6.5M
$-7.5M
Q2 24
$7.3M
$-10.0M
Q1 24
$6.9M
$-9.8M
FCF Margin
BGSF
BGSF
CUE
CUE
Q4 25
7.6%
Q3 25
-18.1%
Q2 25
9.1%
-116.5%
Q1 25
5.0%
-1976.7%
Q4 24
10.2%
-2309.3%
Q3 24
21.7%
-225.7%
Q2 24
28.5%
-376.2%
Q1 24
28.1%
-573.0%
Capex Intensity
BGSF
BGSF
CUE
CUE
Q4 25
0.1%
0.0%
Q3 25
0.4%
0.0%
Q2 25
0.0%
0.9%
Q1 25
0.1%
35.6%
Q4 24
3.0%
4.2%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.4%
Q1 24
2.0%
3.2%
Cash Conversion
BGSF
BGSF
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

BGSF
BGSF

Contract Field Talent$21.4M97%
Other$595.0K3%

CUE
CUE

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

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