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

DHI GROUP, INC. is the larger business by last-quarter revenue ($31.4M vs $21.9M, roughly 1.4× Cue Biopharma, Inc.). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs 3.0%, a 4.2% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs -9.8%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs -6.7%).

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.

DHI is an international water software development and engineering consultancy firm with headquarters in Denmark. The profit-for-purpose organisation addresses all challenges in water environments through consultancy services, MIKE Powered by DHI water modelling software, business applications, data portals and operational services. DHI has 30 offices throughout the world, with software development centres in Singapore and Denmark, and approximately 1050 employees.

CUE vs DHX — Head-to-Head

Bigger by revenue
DHX
DHX
1.4× larger
DHX
$31.4M
$21.9M
CUE
Growing faster (revenue YoY)
CUE
CUE
+1302.1% gap
CUE
1292.3%
-9.8%
DHX
Higher net margin
CUE
CUE
4.2% more per $
CUE
7.2%
3.0%
DHX
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
-6.7%
DHX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CUE
CUE
DHX
DHX
Revenue
$21.9M
$31.4M
Net Profit
$1.6M
$951.0K
Gross Margin
Operating Margin
9.0%
10.4%
Net Margin
7.2%
3.0%
Revenue YoY
1292.3%
-9.8%
Net Profit YoY
116.7%
-6.9%
EPS (diluted)
$0.05
$0.03

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
CUE
CUE
DHX
DHX
Q4 25
$21.9M
$31.4M
Q3 25
$2.1M
$32.1M
Q2 25
$3.0M
$32.0M
Q1 25
$421.0K
$32.3M
Q4 24
$1.6M
$34.8M
Q3 24
$3.3M
$35.3M
Q2 24
$2.7M
$35.8M
Q1 24
$1.7M
$36.0M
Net Profit
CUE
CUE
DHX
DHX
Q4 25
$1.6M
$951.0K
Q3 25
$-7.4M
$-4.3M
Q2 25
$-8.5M
$-841.0K
Q1 25
$-12.3M
$-9.4M
Q4 24
$1.0M
Q3 24
$-8.7M
$-200.0K
Q2 24
$-10.2M
$943.0K
Q1 24
$-12.3M
$-1.5M
Gross Margin
CUE
CUE
DHX
DHX
Q4 25
Q3 25
85.7%
Q2 25
84.0%
Q1 25
83.4%
Q4 24
Q3 24
85.6%
Q2 24
85.5%
Q1 24
86.5%
Operating Margin
CUE
CUE
DHX
DHX
Q4 25
9.0%
10.4%
Q3 25
-353.4%
-14.0%
Q2 25
-292.3%
-3.9%
Q1 25
-2921.4%
-27.5%
Q4 24
5.0%
Q3 24
-264.2%
1.8%
Q2 24
-390.6%
5.6%
Q1 24
-737.8%
5.5%
Net Margin
CUE
CUE
DHX
DHX
Q4 25
7.2%
3.0%
Q3 25
-346.6%
-13.3%
Q2 25
-287.1%
-2.6%
Q1 25
-2911.4%
-28.9%
Q4 24
2.9%
Q3 24
-259.6%
-0.6%
Q2 24
-382.7%
2.6%
Q1 24
-719.1%
-4.2%
EPS (diluted)
CUE
CUE
DHX
DHX
Q4 25
$0.05
$0.03
Q3 25
$-0.07
$-0.10
Q2 25
$-0.09
$-0.02
Q1 25
$-0.17
$-0.21
Q4 24
$0.02
Q3 24
$-0.17
$0.00
Q2 24
$-0.20
$0.02
Q1 24
$-0.25
$-0.03

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
DHX
DHX
Cash + ST InvestmentsLiquidity on hand
$27.1M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
$94.5M
Total Assets
$42.2M
$188.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
DHX
DHX
Q4 25
$27.1M
$2.9M
Q3 25
$11.7M
$2.3M
Q2 25
$27.5M
$2.8M
Q1 25
$13.1M
$2.7M
Q4 24
$22.5M
$3.7M
Q3 24
$32.4M
$2.1M
Q2 24
$30.0M
$3.0M
Q1 24
$41.0M
$3.2M
Total Debt
CUE
CUE
DHX
DHX
Q4 25
Q3 25
$30.0M
Q2 25
$30.0M
Q1 25
$33.0M
Q4 24
$32.0M
Q3 24
$1.0M
$32.0M
Q2 24
$2.0M
$35.0M
Q1 24
$3.0M
$41.0M
Stockholders' Equity
CUE
CUE
DHX
DHX
Q4 25
$26.4M
$94.5M
Q3 25
$13.2M
$97.3M
Q2 25
$18.2M
$102.5M
Q1 25
$6.6M
$103.9M
Q4 24
$17.5M
$114.3M
Q3 24
$25.4M
$111.3M
Q2 24
$21.6M
$109.8M
Q1 24
$30.0M
$106.6M
Total Assets
CUE
CUE
DHX
DHX
Q4 25
$42.2M
$188.2M
Q3 25
$31.6M
$192.5M
Q2 25
$40.7M
$204.9M
Q1 25
$22.3M
$212.1M
Q4 24
$32.2M
$221.4M
Q3 24
$44.8M
$219.4M
Q2 24
$42.3M
$224.4M
Q1 24
$54.0M
$231.9M
Debt / Equity
CUE
CUE
DHX
DHX
Q4 25
Q3 25
0.31×
Q2 25
0.29×
Q1 25
0.32×
Q4 24
0.28×
Q3 24
0.04×
0.29×
Q2 24
0.09×
0.32×
Q1 24
0.10×
0.38×

Cash Flow & Capital Efficiency

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

Metric
CUE
CUE
DHX
DHX
Operating Cash FlowLast quarter
$-1.1M
$7.2M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
0.0%
4.9%
Cash ConversionOCF / Net Profit
-0.68×
7.60×
TTM Free Cash FlowTrailing 4 quarters
$13.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUE
CUE
DHX
DHX
Q4 25
$-1.1M
$7.2M
Q3 25
$-9.0M
$4.8M
Q2 25
$-3.4M
$6.9M
Q1 25
$-8.2M
$2.2M
Q4 24
$-36.3M
$4.4M
Q3 24
$-7.5M
$5.5M
Q2 24
$-10.0M
$9.1M
Q1 24
$-9.8M
$2.1M
Free Cash Flow
CUE
CUE
DHX
DHX
Q4 25
$5.7M
Q3 25
$3.2M
Q2 25
$-3.4M
$4.8M
Q1 25
$-8.3M
$88.0K
Q4 24
$-36.4M
$1.6M
Q3 24
$-7.5M
$2.3M
Q2 24
$-10.0M
$5.6M
Q1 24
$-9.8M
$-2.4M
FCF Margin
CUE
CUE
DHX
DHX
Q4 25
18.1%
Q3 25
9.9%
Q2 25
-116.5%
15.1%
Q1 25
-1976.7%
0.3%
Q4 24
-2309.3%
4.6%
Q3 24
-225.7%
6.5%
Q2 24
-376.2%
15.6%
Q1 24
-573.0%
-6.5%
Capex Intensity
CUE
CUE
DHX
DHX
Q4 25
0.0%
4.9%
Q3 25
0.0%
5.0%
Q2 25
0.9%
6.3%
Q1 25
35.6%
6.7%
Q4 24
4.2%
8.0%
Q3 24
0.0%
9.2%
Q2 24
0.4%
9.7%
Q1 24
3.2%
12.3%
Cash Conversion
CUE
CUE
DHX
DHX
Q4 25
-0.68×
7.60×
Q3 25
Q2 25
Q1 25
Q4 24
4.27×
Q3 24
Q2 24
9.61×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CUE
CUE

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

DHX
DHX

Clearance Jobs$17.4M56%
Clearance Jobs Segment$13.9M44%

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