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Side-by-side financial comparison of Cue Biopharma, Inc. (CUE) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $21.9M, roughly 1.8× Cue Biopharma, Inc.). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs 5.0%, a 2.2% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs 31.5%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 20.0%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

CUE vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.8× larger
STRW
$40.1M
$21.9M
CUE
Growing faster (revenue YoY)
CUE
CUE
+1260.8% gap
CUE
1292.3%
31.5%
STRW
Higher net margin
CUE
CUE
2.2% more per $
CUE
7.2%
5.0%
STRW
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
20.0%
STRW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CUE
CUE
STRW
STRW
Revenue
$21.9M
$40.1M
Net Profit
$1.6M
$2.0M
Gross Margin
Operating Margin
9.0%
52.4%
Net Margin
7.2%
5.0%
Revenue YoY
1292.3%
31.5%
Net Profit YoY
116.7%
37.6%
EPS (diluted)
$0.05
$0.15

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
STRW
STRW
Q4 25
$21.9M
$40.1M
Q3 25
$2.1M
$39.7M
Q2 25
$3.0M
$37.9M
Q1 25
$421.0K
$37.3M
Q4 24
$1.6M
$30.5M
Q3 24
$3.3M
$29.5M
Q2 24
$2.7M
$29.3M
Q1 24
$1.7M
$27.8M
Net Profit
CUE
CUE
STRW
STRW
Q4 25
$1.6M
$2.0M
Q3 25
$-7.4M
$2.0M
Q2 25
$-8.5M
$2.0M
Q1 25
$-12.3M
$1.6M
Q4 24
$1.5M
Q3 24
$-8.7M
$944.0K
Q2 24
$-10.2M
$938.0K
Q1 24
$-12.3M
$746.0K
Operating Margin
CUE
CUE
STRW
STRW
Q4 25
9.0%
52.4%
Q3 25
-353.4%
56.6%
Q2 25
-292.3%
54.5%
Q1 25
-2921.4%
54.1%
Q4 24
51.5%
Q3 24
-264.2%
54.4%
Q2 24
-390.6%
52.3%
Q1 24
-737.8%
51.3%
Net Margin
CUE
CUE
STRW
STRW
Q4 25
7.2%
5.0%
Q3 25
-346.6%
5.1%
Q2 25
-287.1%
5.2%
Q1 25
-2911.4%
4.2%
Q4 24
4.8%
Q3 24
-259.6%
3.2%
Q2 24
-382.7%
3.2%
Q1 24
-719.1%
2.7%
EPS (diluted)
CUE
CUE
STRW
STRW
Q4 25
$0.05
$0.15
Q3 25
$-0.07
$0.16
Q2 25
$-0.09
$0.16
Q1 25
$-0.17
$0.13
Q4 24
$0.17
Q3 24
$-0.17
$0.14
Q2 24
$-0.20
$0.14
Q1 24
$-0.25
$0.12

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$27.1M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$26.4M
$12.1M
Total Assets
$42.2M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
STRW
STRW
Q4 25
$27.1M
$31.8M
Q3 25
$11.7M
$19.8M
Q2 25
$27.5M
$96.3M
Q1 25
$13.1M
$42.3M
Q4 24
$22.5M
$48.4M
Q3 24
$32.4M
$29.3M
Q2 24
$30.0M
$16.1M
Q1 24
$41.0M
$15.1M
Total Debt
CUE
CUE
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$1.0M
$584.5M
Q2 24
$2.0M
$555.0M
Q1 24
$3.0M
$560.4M
Stockholders' Equity
CUE
CUE
STRW
STRW
Q4 25
$26.4M
$12.1M
Q3 25
$13.2M
$14.2M
Q2 25
$18.2M
$15.5M
Q1 25
$6.6M
$19.6M
Q4 24
$17.5M
$18.2M
Q3 24
$25.4M
$12.6M
Q2 24
$21.6M
$7.4M
Q1 24
$30.0M
$7.5M
Total Assets
CUE
CUE
STRW
STRW
Q4 25
$42.2M
$885.2M
Q3 25
$31.6M
$880.6M
Q2 25
$40.7M
$897.3M
Q1 25
$22.3M
$834.8M
Q4 24
$32.2M
$787.6M
Q3 24
$44.8M
$661.5M
Q2 24
$42.3M
$635.9M
Q1 24
$54.0M
$634.9M
Debt / Equity
CUE
CUE
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
0.04×
46.34×
Q2 24
0.09×
74.61×
Q1 24
0.10×
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$-1.1M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.68×
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUE
CUE
STRW
STRW
Q4 25
$-1.1M
$90.0M
Q3 25
$-9.0M
$20.7M
Q2 25
$-3.4M
$29.8M
Q1 25
$-8.2M
$19.0M
Q4 24
$-36.3M
$59.3M
Q3 24
$-7.5M
$11.8M
Q2 24
$-10.0M
$20.6M
Q1 24
$-9.8M
$2.1M
Free Cash Flow
CUE
CUE
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
Q4 25
-0.68×
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

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%

STRW
STRW

Segment breakdown not available.

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