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

First Bancorp, Inc is the larger business by last-quarter revenue ($25.8M vs $21.9M, roughly 1.2× Cue Biopharma, Inc.). First Bancorp, Inc runs the higher net margin — 39.4% vs 7.2%, a 32.1% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs 17.5%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 18.1%).

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.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

CUE vs FNLC — Head-to-Head

Bigger by revenue
FNLC
FNLC
1.2× larger
FNLC
$25.8M
$21.9M
CUE
Growing faster (revenue YoY)
CUE
CUE
+1274.7% gap
CUE
1292.3%
17.5%
FNLC
Higher net margin
FNLC
FNLC
32.1% more per $
FNLC
39.4%
7.2%
CUE
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
18.1%
FNLC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CUE
CUE
FNLC
FNLC
Revenue
$21.9M
$25.8M
Net Profit
$1.6M
$10.2M
Gross Margin
Operating Margin
9.0%
48.1%
Net Margin
7.2%
39.4%
Revenue YoY
1292.3%
17.5%
Net Profit YoY
116.7%
39.7%
EPS (diluted)
$0.05
$0.91

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
FNLC
FNLC
Q4 25
$21.9M
$25.8M
Q3 25
$2.1M
$24.5M
Q2 25
$3.0M
$22.5M
Q1 25
$421.0K
$21.8M
Q4 24
$1.6M
$22.0M
Q3 24
$3.3M
$20.5M
Q2 24
$2.7M
$19.2M
Q1 24
$1.7M
$18.5M
Net Profit
CUE
CUE
FNLC
FNLC
Q4 25
$1.6M
$10.2M
Q3 25
$-7.4M
$9.1M
Q2 25
$-8.5M
$8.1M
Q1 25
$-12.3M
$7.1M
Q4 24
$7.3M
Q3 24
$-8.7M
$7.6M
Q2 24
$-10.2M
$6.2M
Q1 24
$-12.3M
$6.0M
Operating Margin
CUE
CUE
FNLC
FNLC
Q4 25
9.0%
48.1%
Q3 25
-353.4%
45.2%
Q2 25
-292.3%
43.7%
Q1 25
-2921.4%
39.3%
Q4 24
39.5%
Q3 24
-264.2%
44.6%
Q2 24
-390.6%
38.8%
Q1 24
-737.8%
39.3%
Net Margin
CUE
CUE
FNLC
FNLC
Q4 25
7.2%
39.4%
Q3 25
-346.6%
37.0%
Q2 25
-287.1%
35.8%
Q1 25
-2911.4%
32.5%
Q4 24
33.1%
Q3 24
-259.6%
36.9%
Q2 24
-382.7%
32.1%
Q1 24
-719.1%
32.5%
EPS (diluted)
CUE
CUE
FNLC
FNLC
Q4 25
$0.05
$0.91
Q3 25
$-0.07
$0.81
Q2 25
$-0.09
$0.72
Q1 25
$-0.17
$0.63
Q4 24
$0.66
Q3 24
$-0.17
$0.68
Q2 24
$-0.20
$0.55
Q1 24
$-0.25
$0.54

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
FNLC
FNLC
Cash + ST InvestmentsLiquidity on hand
$27.1M
Total DebtLower is stronger
$95.5M
Stockholders' EquityBook value
$26.4M
$283.1M
Total Assets
$42.2M
$3.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
FNLC
FNLC
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
FNLC
FNLC
Q4 25
$95.5M
Q3 25
$95.5M
Q2 25
$95.0M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$1.0M
$95.0M
Q2 24
$2.0M
$70.0M
Q1 24
$3.0M
$70.0M
Stockholders' Equity
CUE
CUE
FNLC
FNLC
Q4 25
$26.4M
$283.1M
Q3 25
$13.2M
$274.6M
Q2 25
$18.2M
$265.5M
Q1 25
$6.6M
$259.7M
Q4 24
$17.5M
$252.5M
Q3 24
$25.4M
$256.8M
Q2 24
$21.6M
$244.7M
Q1 24
$30.0M
$242.6M
Total Assets
CUE
CUE
FNLC
FNLC
Q4 25
$42.2M
$3.2B
Q3 25
$31.6M
$3.2B
Q2 25
$40.7M
$3.2B
Q1 25
$22.3M
$3.2B
Q4 24
$32.2M
$3.2B
Q3 24
$44.8M
$3.1B
Q2 24
$42.3M
$3.1B
Q1 24
$54.0M
$3.0B
Debt / Equity
CUE
CUE
FNLC
FNLC
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.04×
0.37×
Q2 24
0.09×
0.29×
Q1 24
0.10×
0.29×

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
FNLC
FNLC
Operating Cash FlowLast quarter
$-1.1M
$37.8M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
133.9%
Capex IntensityCapex / Revenue
0.0%
12.5%
Cash ConversionOCF / Net Profit
-0.68×
3.72×
TTM Free Cash FlowTrailing 4 quarters
$55.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUE
CUE
FNLC
FNLC
Q4 25
$-1.1M
$37.8M
Q3 25
$-9.0M
$12.9M
Q2 25
$-3.4M
$7.4M
Q1 25
$-8.2M
$2.2M
Q4 24
$-36.3M
$26.0M
Q3 24
$-7.5M
$9.8M
Q2 24
$-10.0M
$6.4M
Q1 24
$-9.8M
$-1.5M
Free Cash Flow
CUE
CUE
FNLC
FNLC
Q4 25
$34.6M
Q3 25
$12.6M
Q2 25
$-3.4M
$7.2M
Q1 25
$-8.3M
$828.0K
Q4 24
$-36.4M
$24.6M
Q3 24
$-7.5M
$9.6M
Q2 24
$-10.0M
$6.3M
Q1 24
$-9.8M
$-1.8M
FCF Margin
CUE
CUE
FNLC
FNLC
Q4 25
133.9%
Q3 25
51.4%
Q2 25
-116.5%
32.1%
Q1 25
-1976.7%
3.8%
Q4 24
-2309.3%
111.7%
Q3 24
-225.7%
47.0%
Q2 24
-376.2%
32.9%
Q1 24
-573.0%
-9.8%
Capex Intensity
CUE
CUE
FNLC
FNLC
Q4 25
0.0%
12.5%
Q3 25
0.0%
1.2%
Q2 25
0.9%
0.6%
Q1 25
35.6%
6.2%
Q4 24
4.2%
6.7%
Q3 24
0.0%
0.5%
Q2 24
0.4%
0.3%
Q1 24
3.2%
1.8%
Cash Conversion
CUE
CUE
FNLC
FNLC
Q4 25
-0.68×
3.72×
Q3 25
1.42×
Q2 25
0.91×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
Q1 24
-0.25×

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%

FNLC
FNLC

Segment breakdown not available.

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