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

Esquire Financial Holdings, Inc. is the larger business by last-quarter revenue ($40.5M vs $21.9M, roughly 1.8× Cue Biopharma, Inc.). Esquire Financial Holdings, Inc. runs the higher net margin — 30.2% vs 7.2%, a 23.0% gap on every dollar of revenue. Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 15.0%).

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.

Esquire Financial Holdings, Inc. is a U.S.-headquartered bank holding company that provides comprehensive commercial and consumer banking products and services. Its core offerings include deposit accounts, business loans, mortgage services, and wealth management solutions, primarily serving small to medium enterprises, legal industry professionals, and local retail clients.

CUE vs ESQ — Head-to-Head

Bigger by revenue
ESQ
ESQ
1.8× larger
ESQ
$40.5M
$21.9M
CUE
Higher net margin
ESQ
ESQ
23.0% more per $
ESQ
30.2%
7.2%
CUE
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
15.0%
ESQ

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CUE
CUE
ESQ
ESQ
Revenue
$21.9M
$40.5M
Net Profit
$1.6M
$12.2M
Gross Margin
Operating Margin
9.0%
Net Margin
7.2%
30.2%
Revenue YoY
1292.3%
Net Profit YoY
116.7%
7.0%
EPS (diluted)
$0.05
$1.40

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
ESQ
ESQ
Q1 26
$40.5M
Q4 25
$21.9M
$39.4M
Q3 25
$2.1M
$37.6M
Q2 25
$3.0M
$35.8M
Q1 25
$421.0K
$33.8M
Q4 24
$1.6M
$33.1M
Q3 24
$3.3M
$31.9M
Q2 24
$2.7M
$30.6M
Net Profit
CUE
CUE
ESQ
ESQ
Q1 26
$12.2M
Q4 25
$1.6M
$13.5M
Q3 25
$-7.4M
$14.1M
Q2 25
$-8.5M
$11.9M
Q1 25
$-12.3M
$11.4M
Q4 24
$11.8M
Q3 24
$-8.7M
$11.4M
Q2 24
$-10.2M
$10.5M
Operating Margin
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
9.0%
44.3%
Q3 25
-353.4%
46.5%
Q2 25
-292.3%
42.5%
Q1 25
-2921.4%
45.9%
Q4 24
47.4%
Q3 24
-264.2%
48.8%
Q2 24
-390.6%
46.9%
Net Margin
CUE
CUE
ESQ
ESQ
Q1 26
30.2%
Q4 25
7.2%
34.2%
Q3 25
-346.6%
37.4%
Q2 25
-287.1%
33.2%
Q1 25
-2911.4%
33.8%
Q4 24
35.6%
Q3 24
-259.6%
35.6%
Q2 24
-382.7%
34.3%
EPS (diluted)
CUE
CUE
ESQ
ESQ
Q1 26
$1.40
Q4 25
$0.05
$1.54
Q3 25
$-0.07
$1.62
Q2 25
$-0.09
$1.38
Q1 25
$-0.17
$1.33
Q4 24
$1.35
Q3 24
$-0.17
$1.34
Q2 24
$-0.20
$1.25

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
ESQ
ESQ
Cash + ST InvestmentsLiquidity on hand
$27.1M
$222.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
$301.3M
Total Assets
$42.2M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
ESQ
ESQ
Q1 26
$222.2M
Q4 25
$27.1M
$235.9M
Q3 25
$11.7M
$240.8M
Q2 25
$27.5M
$163.0M
Q1 25
$13.1M
$173.0M
Q4 24
$22.5M
$126.3M
Q3 24
$32.4M
$147.7M
Q2 24
$30.0M
$152.7M
Total Debt
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.0M
Q2 24
$2.0M
Stockholders' Equity
CUE
CUE
ESQ
ESQ
Q1 26
$301.3M
Q4 25
$26.4M
$289.6M
Q3 25
$13.2M
$279.2M
Q2 25
$18.2M
$263.6M
Q1 25
$6.6M
$250.7M
Q4 24
$17.5M
$237.1M
Q3 24
$25.4M
$232.6M
Q2 24
$21.6M
$217.4M
Total Assets
CUE
CUE
ESQ
ESQ
Q1 26
$2.4B
Q4 25
$42.2M
$2.4B
Q3 25
$31.6M
$2.2B
Q2 25
$40.7M
$2.1B
Q1 25
$22.3M
$2.0B
Q4 24
$32.2M
$1.9B
Q3 24
$44.8M
$1.8B
Q2 24
$42.3M
$1.7B
Debt / Equity
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.04×
Q2 24
0.09×

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
ESQ
ESQ
Operating Cash FlowLast quarter
$-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
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
$-1.1M
$59.8M
Q3 25
$-9.0M
$16.8M
Q2 25
$-3.4M
$10.5M
Q1 25
$-8.2M
$15.8M
Q4 24
$-36.3M
$42.2M
Q3 24
$-7.5M
$10.5M
Q2 24
$-10.0M
$7.2M
Free Cash Flow
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
$56.7M
Q3 25
$16.2M
Q2 25
$-3.4M
$9.3M
Q1 25
$-8.3M
$14.7M
Q4 24
$-36.4M
$41.5M
Q3 24
$-7.5M
$10.5M
Q2 24
$-10.0M
$6.9M
FCF Margin
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
143.9%
Q3 25
43.2%
Q2 25
-116.5%
26.0%
Q1 25
-1976.7%
43.4%
Q4 24
-2309.3%
125.5%
Q3 24
-225.7%
32.8%
Q2 24
-376.2%
22.5%
Capex Intensity
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
0.0%
8.0%
Q3 25
0.0%
1.3%
Q2 25
0.9%
3.2%
Q1 25
35.6%
3.4%
Q4 24
4.2%
2.2%
Q3 24
0.0%
0.2%
Q2 24
0.4%
1.1%
Cash Conversion
CUE
CUE
ESQ
ESQ
Q1 26
Q4 25
-0.68×
4.44×
Q3 25
1.19×
Q2 25
0.88×
Q1 25
1.39×
Q4 24
3.59×
Q3 24
0.93×
Q2 24
0.69×

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%

ESQ
ESQ

Net Interest Income$34.0M84%
Noninterest Income$6.5M16%

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