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Side-by-side financial comparison of Cue Biopharma, Inc. (CUE) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

Cue Biopharma, Inc. is the larger business by last-quarter revenue ($21.9M vs $13.4M, roughly 1.6× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs 7.2%, a 9.4% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs -54.1%).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

CUE vs POWW — Head-to-Head

Bigger by revenue
CUE
CUE
1.6× larger
CUE
$21.9M
$13.4M
POWW
Growing faster (revenue YoY)
CUE
CUE
+1346.4% gap
CUE
1292.3%
-54.1%
POWW
Higher net margin
POWW
POWW
9.4% more per $
POWW
16.7%
7.2%
CUE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CUE
CUE
POWW
POWW
Revenue
$21.9M
$13.4M
Net Profit
$1.6M
$2.2M
Gross Margin
87.1%
Operating Margin
9.0%
14.7%
Net Margin
7.2%
16.7%
Revenue YoY
1292.3%
-54.1%
Net Profit YoY
116.7%
108.5%
EPS (diluted)
$0.05
$0.01

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
POWW
POWW
Q4 25
$21.9M
$13.4M
Q3 25
$2.1M
$12.0M
Q2 25
$3.0M
$11.9M
Q1 25
$421.0K
$12.6M
Q4 24
$1.6M
$12.5M
Q3 24
$3.3M
$12.0M
Q2 24
$2.7M
$12.3M
Q1 24
$1.7M
$-50.7M
Net Profit
CUE
CUE
POWW
POWW
Q4 25
$1.6M
$2.2M
Q3 25
$-7.4M
$1.4M
Q2 25
$-8.5M
$-6.5M
Q1 25
$-12.3M
$-77.5M
Q4 24
$-26.1M
Q3 24
$-8.7M
$-12.4M
Q2 24
$-10.2M
$-14.8M
Q1 24
$-12.3M
$-5.2M
Gross Margin
CUE
CUE
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
CUE
CUE
POWW
POWW
Q4 25
9.0%
14.7%
Q3 25
-353.4%
5.9%
Q2 25
-292.3%
-50.7%
Q1 25
-2921.4%
-213.6%
Q4 24
-163.8%
Q3 24
-264.2%
-50.3%
Q2 24
-390.6%
-50.8%
Q1 24
-737.8%
Net Margin
CUE
CUE
POWW
POWW
Q4 25
7.2%
16.7%
Q3 25
-346.6%
11.7%
Q2 25
-287.1%
-54.5%
Q1 25
-2911.4%
-614.5%
Q4 24
-208.7%
Q3 24
-259.6%
-103.7%
Q2 24
-382.7%
-120.2%
Q1 24
-719.1%
10.3%
EPS (diluted)
CUE
CUE
POWW
POWW
Q4 25
$0.05
$0.01
Q3 25
$-0.07
$0.01
Q2 25
$-0.09
$-0.06
Q1 25
$-0.17
$-0.67
Q4 24
$-0.23
Q3 24
$-0.17
$-0.11
Q2 24
$-0.20
$-0.13
Q1 24
$-0.25
$-0.05

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$27.1M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
$237.3M
Total Assets
$42.2M
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
POWW
POWW
Q4 25
$27.1M
$69.9M
Q3 25
$11.7M
$65.7M
Q2 25
$27.5M
$63.4M
Q1 25
$13.1M
$30.2M
Q4 24
$22.5M
$31.9M
Q3 24
$32.4M
$33.5M
Q2 24
$30.0M
$50.8M
Q1 24
$41.0M
$55.6M
Total Debt
CUE
CUE
POWW
POWW
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
POWW
POWW
Q4 25
$26.4M
$237.3M
Q3 25
$13.2M
$235.4M
Q2 25
$18.2M
$222.5M
Q1 25
$6.6M
$222.0M
Q4 24
$17.5M
$299.6M
Q3 24
$25.4M
$325.6M
Q2 24
$21.6M
$342.5M
Q1 24
$30.0M
$358.0M
Total Assets
CUE
CUE
POWW
POWW
Q4 25
$42.2M
$271.7M
Q3 25
$31.6M
$270.3M
Q2 25
$40.7M
$269.5M
Q1 25
$22.3M
$297.3M
Q4 24
$32.2M
$355.4M
Q3 24
$44.8M
$368.9M
Q2 24
$42.3M
$398.6M
Q1 24
$54.0M
$403.0M
Debt / Equity
CUE
CUE
POWW
POWW
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
POWW
POWW
Operating Cash FlowLast quarter
$-1.1M
$5.7M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
0.0%
4.8%
Cash ConversionOCF / Net Profit
-0.68×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUE
CUE
POWW
POWW
Q4 25
$-1.1M
$5.7M
Q3 25
$-9.0M
$3.2M
Q2 25
$-3.4M
$-6.7M
Q1 25
$-8.2M
$-1.5M
Q4 24
$-36.3M
$1.3M
Q3 24
$-7.5M
$-9.3M
Q2 24
$-10.0M
$-547.5K
Q1 24
$-9.8M
$4.3M
Free Cash Flow
CUE
CUE
POWW
POWW
Q4 25
$5.0M
Q3 25
$2.5M
Q2 25
$-3.4M
$-7.6M
Q1 25
$-8.3M
$-2.3M
Q4 24
$-36.4M
$720.3K
Q3 24
$-7.5M
$-10.6M
Q2 24
$-10.0M
$-1.3M
Q1 24
$-9.8M
$1.4M
FCF Margin
CUE
CUE
POWW
POWW
Q4 25
37.6%
Q3 25
21.0%
Q2 25
-116.5%
-63.8%
Q1 25
-1976.7%
-18.6%
Q4 24
-2309.3%
5.8%
Q3 24
-225.7%
-88.3%
Q2 24
-376.2%
-11.0%
Q1 24
-573.0%
-2.8%
Capex Intensity
CUE
CUE
POWW
POWW
Q4 25
0.0%
4.8%
Q3 25
0.0%
5.8%
Q2 25
0.9%
7.5%
Q1 25
35.6%
6.5%
Q4 24
4.2%
4.4%
Q3 24
0.0%
10.4%
Q2 24
0.4%
6.5%
Q1 24
3.2%
-5.7%
Cash Conversion
CUE
CUE
POWW
POWW
Q4 25
-0.68×
2.55×
Q3 25
2.29×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

POWW
POWW

Segment breakdown not available.

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