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

Cue Biopharma, Inc. is the larger business by last-quarter revenue ($21.9M vs $20.6M, roughly 1.1× Entrada Therapeutics, Inc.). Cue Biopharma, Inc. runs the higher net margin — 7.2% vs -84.4%, a 91.6% gap on every dollar of revenue. On growth, Cue Biopharma, Inc. posted the faster year-over-year revenue change (1292.3% vs -65.2%). Over the past eight quarters, Cue Biopharma, Inc.'s revenue compounded faster (257.5% CAGR vs 6.4%).

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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

CUE vs TRDA — Head-to-Head

Bigger by revenue
CUE
CUE
1.1× larger
CUE
$21.9M
$20.6M
TRDA
Growing faster (revenue YoY)
CUE
CUE
+1357.5% gap
CUE
1292.3%
-65.2%
TRDA
Higher net margin
CUE
CUE
91.6% more per $
CUE
7.2%
-84.4%
TRDA
Faster 2-yr revenue CAGR
CUE
CUE
Annualised
CUE
257.5%
6.4%
TRDA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
CUE
CUE
TRDA
TRDA
Revenue
$21.9M
$20.6M
Net Profit
$1.6M
$-17.3M
Gross Margin
Operating Margin
9.0%
-106.0%
Net Margin
7.2%
-84.4%
Revenue YoY
1292.3%
-65.2%
Net Profit YoY
116.7%
-173.8%
EPS (diluted)
$0.05
$-0.42

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
TRDA
TRDA
Q4 25
$21.9M
Q3 25
$2.1M
Q2 25
$3.0M
Q1 25
$421.0K
$20.6M
Q4 24
$1.6M
$37.4M
Q3 24
$3.3M
$19.6M
Q2 24
$2.7M
$94.7M
Q1 24
$1.7M
$59.1M
Net Profit
CUE
CUE
TRDA
TRDA
Q4 25
$1.6M
Q3 25
$-7.4M
Q2 25
$-8.5M
Q1 25
$-12.3M
$-17.3M
Q4 24
$1.1M
Q3 24
$-8.7M
$-14.0M
Q2 24
$-10.2M
$55.0M
Q1 24
$-12.3M
$23.5M
Operating Margin
CUE
CUE
TRDA
TRDA
Q4 25
9.0%
Q3 25
-353.4%
Q2 25
-292.3%
Q1 25
-2921.4%
-106.0%
Q4 24
-15.7%
Q3 24
-264.2%
-110.7%
Q2 24
-390.6%
56.4%
Q1 24
-737.8%
35.7%
Net Margin
CUE
CUE
TRDA
TRDA
Q4 25
7.2%
Q3 25
-346.6%
Q2 25
-287.1%
Q1 25
-2911.4%
-84.4%
Q4 24
3.0%
Q3 24
-259.6%
-71.7%
Q2 24
-382.7%
58.1%
Q1 24
-719.1%
39.7%
EPS (diluted)
CUE
CUE
TRDA
TRDA
Q4 25
$0.05
Q3 25
$-0.07
Q2 25
$-0.09
Q1 25
$-0.17
$-0.42
Q4 24
$-0.20
Q3 24
$-0.17
$-0.35
Q2 24
$-0.20
$1.55
Q1 24
$-0.25
$0.68

Balance Sheet & Financial Strength

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

Metric
CUE
CUE
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$27.1M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.4M
$417.3M
Total Assets
$42.2M
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUE
CUE
TRDA
TRDA
Q4 25
$27.1M
Q3 25
$11.7M
Q2 25
$27.5M
Q1 25
$13.1M
$67.8M
Q4 24
$22.5M
$101.2M
Q3 24
$32.4M
$78.0M
Q2 24
$30.0M
$185.3M
Q1 24
$41.0M
$68.4M
Total Debt
CUE
CUE
TRDA
TRDA
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
TRDA
TRDA
Q4 25
$26.4M
Q3 25
$13.2M
Q2 25
$18.2M
Q1 25
$6.6M
$417.3M
Q4 24
$17.5M
$428.7M
Q3 24
$25.4M
$422.4M
Q2 24
$21.6M
$429.9M
Q1 24
$30.0M
$269.4M
Total Assets
CUE
CUE
TRDA
TRDA
Q4 25
$42.2M
Q3 25
$31.6M
Q2 25
$40.7M
Q1 25
$22.3M
$486.5M
Q4 24
$32.2M
$526.3M
Q3 24
$44.8M
$554.6M
Q2 24
$42.3M
$582.0M
Q1 24
$54.0M
$510.8M
Debt / Equity
CUE
CUE
TRDA
TRDA
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
TRDA
TRDA
Operating Cash FlowLast quarter
$-1.1M
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
0.0%
5.6%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUE
CUE
TRDA
TRDA
Q4 25
$-1.1M
Q3 25
$-9.0M
Q2 25
$-3.4M
Q1 25
$-8.2M
$-38.5M
Q4 24
$-36.3M
$-31.6M
Q3 24
$-7.5M
$-24.3M
Q2 24
$-10.0M
$39.8M
Q1 24
$-9.8M
$-25.5M
Free Cash Flow
CUE
CUE
TRDA
TRDA
Q4 25
Q3 25
Q2 25
$-3.4M
Q1 25
$-8.3M
$-39.7M
Q4 24
$-36.4M
$-32.2M
Q3 24
$-7.5M
$-24.9M
Q2 24
$-10.0M
$38.8M
Q1 24
$-9.8M
$-26.4M
FCF Margin
CUE
CUE
TRDA
TRDA
Q4 25
Q3 25
Q2 25
-116.5%
Q1 25
-1976.7%
-192.9%
Q4 24
-2309.3%
-86.2%
Q3 24
-225.7%
-127.3%
Q2 24
-376.2%
41.0%
Q1 24
-573.0%
-44.6%
Capex Intensity
CUE
CUE
TRDA
TRDA
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.9%
Q1 25
35.6%
5.6%
Q4 24
4.2%
1.7%
Q3 24
0.0%
3.3%
Q2 24
0.4%
1.1%
Q1 24
3.2%
1.4%
Cash Conversion
CUE
CUE
TRDA
TRDA
Q4 25
-0.68×
Q3 25
Q2 25
Q1 25
Q4 24
-27.94×
Q3 24
Q2 24
0.72×
Q1 24
-1.09×

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%

TRDA
TRDA

Segment breakdown not available.

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