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

PEDEVCO CORP is the larger business by last-quarter revenue ($23.1M vs $21.9M, roughly 1.1× Cue Biopharma, Inc.). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs -36.8%, a 44.1% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs 118.2%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 68.6%).

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.

PEDEVCO Corp is an independent energy company specializing in the acquisition, exploration, development, and production of oil and natural gas assets. It primarily holds and operates onshore resource properties across continental US basins, serving domestic wholesale, utility, and industrial energy customer segments.

CUE vs PED — Head-to-Head

Bigger by revenue
PED
PED
1.1× larger
PED
$23.1M
$21.9M
CUE
Growing faster (revenue YoY)
CUE
CUE
+1174.0% gap
CUE
1292.3%
118.2%
PED
Higher net margin
CUE
CUE
44.1% more per $
CUE
7.2%
-36.8%
PED
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
68.6%
PED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CUE
CUE
PED
PED
Revenue
$21.9M
$23.1M
Net Profit
$1.6M
$-8.5M
Gross Margin
Operating Margin
9.0%
-21.3%
Net Margin
7.2%
-36.8%
Revenue YoY
1292.3%
118.2%
Net Profit YoY
116.7%
-243.5%
EPS (diluted)
$0.05
$-2.23

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
PED
PED
Q4 25
$21.9M
$23.1M
Q3 25
$2.1M
$7.0M
Q2 25
$3.0M
$7.0M
Q1 25
$421.0K
$8.7M
Q4 24
$1.6M
$10.6M
Q3 24
$3.3M
$9.1M
Q2 24
$2.7M
$11.8M
Q1 24
$1.7M
$8.1M
Net Profit
CUE
CUE
PED
PED
Q4 25
$1.6M
$-8.5M
Q3 25
$-7.4M
$-325.0K
Q2 25
$-8.5M
$-1.7M
Q1 25
$-12.3M
$140.0K
Q4 24
$5.9M
Q3 24
$-8.7M
$2.9M
Q2 24
$-10.2M
$2.7M
Q1 24
$-12.3M
$773.0K
Operating Margin
CUE
CUE
PED
PED
Q4 25
9.0%
-21.3%
Q3 25
-353.4%
-12.0%
Q2 25
-292.3%
-32.2%
Q1 25
-2921.4%
1.7%
Q4 24
-12.9%
Q3 24
-264.2%
31.3%
Q2 24
-390.6%
22.3%
Q1 24
-737.8%
7.6%
Net Margin
CUE
CUE
PED
PED
Q4 25
7.2%
-36.8%
Q3 25
-346.6%
-4.7%
Q2 25
-287.1%
-24.0%
Q1 25
-2911.4%
1.6%
Q4 24
56.0%
Q3 24
-259.6%
32.2%
Q2 24
-382.7%
22.7%
Q1 24
-719.1%
9.5%
EPS (diluted)
CUE
CUE
PED
PED
Q4 25
$0.05
$-2.23
Q3 25
$-0.07
$0.00
Q2 25
$-0.09
$-0.02
Q1 25
$-0.17
$0.00
Q4 24
$2.69
Q3 24
$-0.17
$0.03
Q2 24
$-0.20
$0.03
Q1 24
$-0.25
$0.01

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
PED
PED
Cash + ST InvestmentsLiquidity on hand
$27.1M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
$207.4M
Total Assets
$42.2M
$375.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
PED
PED
Q4 25
$27.1M
$3.2M
Q3 25
$11.7M
$10.9M
Q2 25
$27.5M
$8.5M
Q1 25
$13.1M
$10.4M
Q4 24
$22.5M
$4.0M
Q3 24
$32.4M
$4.6M
Q2 24
$30.0M
$6.1M
Q1 24
$41.0M
$13.3M
Total Debt
CUE
CUE
PED
PED
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
PED
PED
Q4 25
$26.4M
$207.4M
Q3 25
$13.2M
$115.4M
Q2 25
$18.2M
$115.2M
Q1 25
$6.6M
$116.2M
Q4 24
$17.5M
$115.6M
Q3 24
$25.4M
$106.5M
Q2 24
$21.6M
$103.2M
Q1 24
$30.0M
$100.0M
Total Assets
CUE
CUE
PED
PED
Q4 25
$42.2M
$375.9M
Q3 25
$31.6M
$135.9M
Q2 25
$40.7M
$136.8M
Q1 25
$22.3M
$145.6M
Q4 24
$32.2M
$128.3M
Q3 24
$44.8M
$114.3M
Q2 24
$42.3M
$111.0M
Q1 24
$54.0M
$118.3M
Debt / Equity
CUE
CUE
PED
PED
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
PED
PED
Operating Cash FlowLast quarter
$-1.1M
$-2.1M
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
PED
PED
Q4 25
$-1.1M
$-2.1M
Q3 25
$-9.0M
$7.4M
Q2 25
$-3.4M
$-420.0K
Q1 25
$-8.2M
$5.9M
Q4 24
$-36.3M
$4.2M
Q3 24
$-7.5M
$8.3M
Q2 24
$-10.0M
$4.6M
Q1 24
$-9.8M
$-4.3M
Free Cash Flow
CUE
CUE
PED
PED
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
PED
PED
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
PED
PED
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
PED
PED
Q4 25
-0.68×
Q3 25
Q2 25
Q1 25
42.34×
Q4 24
0.71×
Q3 24
2.83×
Q2 24
1.71×
Q1 24
-5.56×

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%

PED
PED

Segment breakdown not available.

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