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Side-by-side financial comparison of Cue Biopharma, Inc. (CUE) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $21.9M, roughly 1.1× Cue Biopharma, Inc.). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs -677.3%, a 684.6% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs 15.7%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 8.9%).

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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

CUE vs NEN — Head-to-Head

Bigger by revenue
NEN
NEN
1.1× larger
NEN
$23.6M
$21.9M
CUE
Growing faster (revenue YoY)
CUE
CUE
+1276.6% gap
CUE
1292.3%
15.7%
NEN
Higher net margin
CUE
CUE
684.6% more per $
CUE
7.2%
-677.3%
NEN
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
8.9%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CUE
CUE
NEN
NEN
Revenue
$21.9M
$23.6M
Net Profit
$1.6M
$-1.4M
Gross Margin
Operating Margin
9.0%
14.0%
Net Margin
7.2%
-677.3%
Revenue YoY
1292.3%
15.7%
Net Profit YoY
116.7%
-133.0%
EPS (diluted)
$0.05

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
NEN
NEN
Q4 25
$21.9M
$23.6M
Q3 25
$2.1M
$23.7M
Q2 25
$3.0M
$21.2M
Q1 25
$421.0K
$20.7M
Q4 24
$1.6M
$20.4M
Q3 24
$3.3M
$20.2M
Q2 24
$2.7M
$20.1M
Q1 24
$1.7M
$19.9M
Net Profit
CUE
CUE
NEN
NEN
Q4 25
$1.6M
$-1.4M
Q3 25
$-7.4M
$-521.8K
Q2 25
$-8.5M
$4.1M
Q1 25
$-12.3M
$3.8M
Q4 24
$4.2M
Q3 24
$-8.7M
$3.9M
Q2 24
$-10.2M
$4.1M
Q1 24
$-12.3M
$3.5M
Operating Margin
CUE
CUE
NEN
NEN
Q4 25
9.0%
14.0%
Q3 25
-353.4%
20.0%
Q2 25
-292.3%
33.3%
Q1 25
-2921.4%
30.1%
Q4 24
32.4%
Q3 24
-264.2%
32.0%
Q2 24
-390.6%
32.6%
Q1 24
-737.8%
28.9%
Net Margin
CUE
CUE
NEN
NEN
Q4 25
7.2%
-677.3%
Q3 25
-346.6%
-2.2%
Q2 25
-287.1%
19.5%
Q1 25
-2911.4%
18.3%
Q4 24
20.7%
Q3 24
-259.6%
19.3%
Q2 24
-382.7%
20.3%
Q1 24
-719.1%
17.4%
EPS (diluted)
CUE
CUE
NEN
NEN
Q4 25
$0.05
Q3 25
$-0.07
Q2 25
$-0.09
Q1 25
$-0.17
Q4 24
Q3 24
$-0.17
Q2 24
$-0.20
Q1 24
$-0.25

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$27.1M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$26.4M
Total Assets
$42.2M
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
NEN
NEN
Q4 25
$27.1M
$26.7M
Q3 25
$11.7M
$13.4M
Q2 25
$27.5M
$16.7M
Q1 25
$13.1M
$30.9M
Q4 24
$22.5M
$17.6M
Q3 24
$32.4M
$15.1M
Q2 24
$30.0M
$13.5M
Q1 24
$41.0M
$28.8M
Total Debt
CUE
CUE
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$1.0M
$409.3M
Q2 24
$2.0M
$410.0M
Q1 24
$3.0M
$410.7M
Stockholders' Equity
CUE
CUE
NEN
NEN
Q4 25
$26.4M
Q3 25
$13.2M
Q2 25
$18.2M
Q1 25
$6.6M
Q4 24
$17.5M
Q3 24
$25.4M
Q2 24
$21.6M
Q1 24
$30.0M
Total Assets
CUE
CUE
NEN
NEN
Q4 25
$42.2M
$505.3M
Q3 25
$31.6M
$492.9M
Q2 25
$40.7M
$494.8M
Q1 25
$22.3M
$385.2M
Q4 24
$32.2M
$393.5M
Q3 24
$44.8M
$387.4M
Q2 24
$42.3M
$383.7M
Q1 24
$54.0M
$381.2M
Debt / Equity
CUE
CUE
NEN
NEN
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
NEN
NEN
Operating Cash FlowLast quarter
$-1.1M
$27.7M
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
NEN
NEN
Q4 25
$-1.1M
$27.7M
Q3 25
$-9.0M
$2.3M
Q2 25
$-3.4M
$12.5M
Q1 25
$-8.2M
$5.5M
Q4 24
$-36.3M
$31.9M
Q3 24
$-7.5M
$8.5M
Q2 24
$-10.0M
$5.4M
Q1 24
$-9.8M
$6.1M
Free Cash Flow
CUE
CUE
NEN
NEN
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
FCF Margin
CUE
CUE
NEN
NEN
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%
Capex Intensity
CUE
CUE
NEN
NEN
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%
Cash Conversion
CUE
CUE
NEN
NEN
Q4 25
-0.68×
Q3 25
Q2 25
3.02×
Q1 25
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

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%

NEN
NEN

Segment breakdown not available.

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