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

Cue Biopharma, Inc. is the larger business by last-quarter revenue ($21.9M vs $13.5M, roughly 1.6× FIRST CAPITAL INC). FIRST CAPITAL INC runs the higher net margin — 36.2% vs 7.2%, a 29.0% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs 19.0%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 13.4%).

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.

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

CUE vs FCAP — Head-to-Head

Bigger by revenue
CUE
CUE
1.6× larger
CUE
$21.9M
$13.5M
FCAP
Growing faster (revenue YoY)
CUE
CUE
+1273.3% gap
CUE
1292.3%
19.0%
FCAP
Higher net margin
FCAP
FCAP
29.0% more per $
FCAP
36.2%
7.2%
CUE
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
13.4%
FCAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CUE
CUE
FCAP
FCAP
Revenue
$21.9M
$13.5M
Net Profit
$1.6M
$4.9M
Gross Margin
Operating Margin
9.0%
Net Margin
7.2%
36.2%
Revenue YoY
1292.3%
19.0%
Net Profit YoY
116.7%
49.6%
EPS (diluted)
$0.05
$1.45

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
FCAP
FCAP
Q4 25
$21.9M
$13.5M
Q3 25
$2.1M
$13.3M
Q2 25
$3.0M
$12.4M
Q1 25
$421.0K
$11.4M
Q4 24
$1.6M
$11.3M
Q3 24
$3.3M
$10.9M
Q2 24
$2.7M
$10.7M
Q1 24
$1.7M
$10.5M
Net Profit
CUE
CUE
FCAP
FCAP
Q4 25
$1.6M
$4.9M
Q3 25
$-7.4M
$4.5M
Q2 25
$-8.5M
$3.8M
Q1 25
$-12.3M
$3.2M
Q4 24
$3.3M
Q3 24
$-8.7M
$2.9M
Q2 24
$-10.2M
$2.8M
Q1 24
$-12.3M
$3.0M
Operating Margin
CUE
CUE
FCAP
FCAP
Q4 25
9.0%
Q3 25
-353.4%
41.8%
Q2 25
-292.3%
37.2%
Q1 25
-2921.4%
34.2%
Q4 24
34.8%
Q3 24
-264.2%
31.5%
Q2 24
-390.6%
31.1%
Q1 24
-737.8%
33.0%
Net Margin
CUE
CUE
FCAP
FCAP
Q4 25
7.2%
36.2%
Q3 25
-346.6%
33.8%
Q2 25
-287.1%
30.4%
Q1 25
-2911.4%
28.3%
Q4 24
28.8%
Q3 24
-259.6%
26.5%
Q2 24
-382.7%
26.5%
Q1 24
-719.1%
28.1%
EPS (diluted)
CUE
CUE
FCAP
FCAP
Q4 25
$0.05
$1.45
Q3 25
$-0.07
$1.34
Q2 25
$-0.09
$1.13
Q1 25
$-0.17
$0.97
Q4 24
$0.97
Q3 24
$-0.17
$0.87
Q2 24
$-0.20
$0.85
Q1 24
$-0.25
$0.88

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
FCAP
FCAP
Cash + ST InvestmentsLiquidity on hand
$27.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
$137.8M
Total Assets
$42.2M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
FCAP
FCAP
Q4 25
$27.1M
Q3 25
$11.7M
Q2 25
$27.5M
Q1 25
$13.1M
Q4 24
$22.5M
Q3 24
$32.4M
Q2 24
$30.0M
Q1 24
$41.0M
Total Debt
CUE
CUE
FCAP
FCAP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.0M
Q2 24
$2.0M
Q1 24
$3.0M
Stockholders' Equity
CUE
CUE
FCAP
FCAP
Q4 25
$26.4M
$137.8M
Q3 25
$13.2M
$132.4M
Q2 25
$18.2M
$123.2M
Q1 25
$6.6M
$120.1M
Q4 24
$17.5M
$114.6M
Q3 24
$25.4M
$116.8M
Q2 24
$21.6M
$107.8M
Q1 24
$30.0M
$105.7M
Total Assets
CUE
CUE
FCAP
FCAP
Q4 25
$42.2M
$1.3B
Q3 25
$31.6M
$1.2B
Q2 25
$40.7M
$1.2B
Q1 25
$22.3M
$1.2B
Q4 24
$32.2M
$1.2B
Q3 24
$44.8M
$1.2B
Q2 24
$42.3M
$1.2B
Q1 24
$54.0M
$1.2B
Debt / Equity
CUE
CUE
FCAP
FCAP
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
CUE
CUE
FCAP
FCAP
Operating Cash FlowLast quarter
$-1.1M
$21.3M
Free Cash FlowOCF − Capex
$19.9M
FCF MarginFCF / Revenue
147.7%
Capex IntensityCapex / Revenue
0.0%
10.0%
Cash ConversionOCF / Net Profit
-0.68×
4.36×
TTM Free Cash FlowTrailing 4 quarters
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUE
CUE
FCAP
FCAP
Q4 25
$-1.1M
$21.3M
Q3 25
$-9.0M
$7.9M
Q2 25
$-3.4M
$3.7M
Q1 25
$-8.2M
$4.4M
Q4 24
$-36.3M
$22.3M
Q3 24
$-7.5M
$7.6M
Q2 24
$-10.0M
$3.5M
Q1 24
$-9.8M
$7.2M
Free Cash Flow
CUE
CUE
FCAP
FCAP
Q4 25
$19.9M
Q3 25
$7.8M
Q2 25
$-3.4M
$3.5M
Q1 25
$-8.3M
$4.2M
Q4 24
$-36.4M
$21.6M
Q3 24
$-7.5M
$7.5M
Q2 24
$-10.0M
$3.3M
Q1 24
$-9.8M
$7.1M
FCF Margin
CUE
CUE
FCAP
FCAP
Q4 25
147.7%
Q3 25
58.6%
Q2 25
-116.5%
27.8%
Q1 25
-1976.7%
36.5%
Q4 24
-2309.3%
190.7%
Q3 24
-225.7%
68.6%
Q2 24
-376.2%
31.2%
Q1 24
-573.0%
67.2%
Capex Intensity
CUE
CUE
FCAP
FCAP
Q4 25
0.0%
10.0%
Q3 25
0.0%
1.2%
Q2 25
0.9%
2.2%
Q1 25
35.6%
1.9%
Q4 24
4.2%
6.3%
Q3 24
0.0%
0.8%
Q2 24
0.4%
1.4%
Q1 24
3.2%
1.5%
Cash Conversion
CUE
CUE
FCAP
FCAP
Q4 25
-0.68×
4.36×
Q3 25
1.77×
Q2 25
0.99×
Q1 25
1.36×
Q4 24
6.84×
Q3 24
2.62×
Q2 24
1.23×
Q1 24
2.45×

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%

FCAP
FCAP

Segment breakdown not available.

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