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Side-by-side financial comparison of Cue Biopharma, Inc. (CUE) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
Cue Biopharma, Inc. is the larger business by last-quarter revenue ($21.9M vs $11.1M, roughly 2.0× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs 7.2%, a 3.7% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs -5.6%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs -3.8%).
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.
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
CUE vs MDV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.9M | $11.1M |
| Net Profit | $1.6M | $1.2M |
| Gross Margin | — | — |
| Operating Margin | 9.0% | 45.8% |
| Net Margin | 7.2% | 11.0% |
| Revenue YoY | 1292.3% | -5.6% |
| Net Profit YoY | 116.7% | -22.0% |
| EPS (diluted) | $0.05 | $0.02 |
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.
| Q4 25 | $21.9M | $11.1M | ||
| Q3 25 | $2.1M | $11.7M | ||
| Q2 25 | $3.0M | $11.8M | ||
| Q1 25 | $421.0K | $11.8M | ||
| Q4 24 | $1.6M | $11.7M | ||
| Q3 24 | $3.3M | $11.7M | ||
| Q2 24 | $2.7M | $11.4M | ||
| Q1 24 | $1.7M | $12.0M |
| Q4 25 | $1.6M | $1.2M | ||
| Q3 25 | $-7.4M | $1.0M | ||
| Q2 25 | $-8.5M | $-2.0M | ||
| Q1 25 | $-12.3M | $829.0K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | $-8.7M | $-587.0K | ||
| Q2 24 | $-10.2M | $1.3M | ||
| Q1 24 | $-12.3M | $3.7M |
| Q4 25 | 9.0% | 45.8% | ||
| Q3 25 | -353.4% | 41.4% | ||
| Q2 25 | -292.3% | 9.8% | ||
| Q1 25 | -2921.4% | 40.2% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | -264.2% | 42.0% | ||
| Q2 24 | -390.6% | 44.6% | ||
| Q1 24 | -737.8% | 55.6% |
| Q4 25 | 7.2% | 11.0% | ||
| Q3 25 | -346.6% | 9.0% | ||
| Q2 25 | -287.1% | -17.1% | ||
| Q1 25 | -2911.4% | 7.0% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | -259.6% | -5.0% | ||
| Q2 24 | -382.7% | 11.6% | ||
| Q1 24 | -719.1% | 31.1% |
| Q4 25 | $0.05 | $0.02 | ||
| Q3 25 | $-0.07 | $0.00 | ||
| Q2 25 | $-0.09 | $-0.32 | ||
| Q1 25 | $-0.17 | $-0.01 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | $-0.17 | $-0.18 | ||
| Q2 24 | $-0.20 | $0.03 | ||
| Q1 24 | $-0.25 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.1M | $14.4M |
| Total DebtLower is stronger | — | $261.5M |
| Stockholders' EquityBook value | $26.4M | $162.7M |
| Total Assets | $42.2M | $476.5M |
| Debt / EquityLower = less leverage | — | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.1M | $14.4M | ||
| Q3 25 | $11.7M | $8.3M | ||
| Q2 25 | $27.5M | $5.8M | ||
| Q1 25 | $13.1M | $6.2M | ||
| Q4 24 | $22.5M | $11.5M | ||
| Q3 24 | $32.4M | $6.8M | ||
| Q2 24 | $30.0M | $18.9M | ||
| Q1 24 | $41.0M | $18.4M |
| Q4 25 | — | $261.5M | ||
| Q3 25 | — | $279.7M | ||
| Q2 25 | — | $279.7M | ||
| Q1 25 | — | $279.7M | ||
| Q4 24 | — | $279.8M | ||
| Q3 24 | $1.0M | $279.7M | ||
| Q2 24 | $2.0M | $279.7M | ||
| Q1 24 | $3.0M | $279.6M |
| Q4 25 | $26.4M | $162.7M | ||
| Q3 25 | $13.2M | $164.8M | ||
| Q2 25 | $18.2M | $165.6M | ||
| Q1 25 | $6.6M | $171.1M | ||
| Q4 24 | $17.5M | $190.1M | ||
| Q3 24 | $25.4M | $186.3M | ||
| Q2 24 | $21.6M | $187.0M | ||
| Q1 24 | $30.0M | $188.0M |
| Q4 25 | $42.2M | $476.5M | ||
| Q3 25 | $31.6M | $499.6M | ||
| Q2 25 | $40.7M | $498.9M | ||
| Q1 25 | $22.3M | $506.8M | ||
| Q4 24 | $32.2M | $507.8M | ||
| Q3 24 | $44.8M | $507.4M | ||
| Q2 24 | $42.3M | $519.5M | ||
| Q1 24 | $54.0M | $522.5M |
| Q4 25 | — | 1.61× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.47× | ||
| Q3 24 | 0.04× | 1.50× | ||
| Q2 24 | 0.09× | 1.50× | ||
| Q1 24 | 0.10× | 1.49× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.1M | $15.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -0.68× | 12.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $15.0M | ||
| Q3 25 | $-9.0M | $4.1M | ||
| Q2 25 | $-3.4M | $3.9M | ||
| Q1 25 | $-8.2M | $3.0M | ||
| Q4 24 | $-36.3M | $18.2M | ||
| Q3 24 | $-7.5M | $5.1M | ||
| Q2 24 | $-10.0M | $4.7M | ||
| Q1 24 | $-9.8M | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $-8.3M | — | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-7.5M | — | ||
| Q2 24 | $-10.0M | — | ||
| Q1 24 | $-9.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -116.5% | — | ||
| Q1 25 | -1976.7% | — | ||
| Q4 24 | -2309.3% | — | ||
| Q3 24 | -225.7% | — | ||
| Q2 24 | -376.2% | — | ||
| Q1 24 | -573.0% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | -0.68× | 12.34× | ||
| Q3 25 | — | 3.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.68× | ||
| Q4 24 | — | 11.72× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.55× | ||
| Q1 24 | — | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CUE
| Immuno Scape Collaboration And License Agreement | $9.5M | 43% |
| BI Collaboration And License Agreement | $8.1M | 37% |
| Other | $4.3M | 20% |
MDV
Segment breakdown not available.
