CUE on Nasdaq
Cue Biopharma, Inc.
American pharmaceutical preparations company based in Boston.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Celularity Inc, Entrada Therapeutics, Inc. or Foghorn Therapeutics Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development98¢$37.7M
- Interest0¢$100.0K
- Income tax1¢$500.0K
Out of $27.5M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Collaboration revenue | $27.5M | $9.3M |
| General and administrative | $16.2M | $14.6M |
| Research and development | $37.7M | $36.3M |
| Loss (gain) on fixed asset disposal | $31.0K | -$93.0K |
| Total operating expenses | $54.0M | $50.8M |
| Loss from operations | -$26.6M | -$41.5M |
| Interest income | $807.0K | $1.6M |
| Interest expense | -$357.0K | -$796.0K |
| Total other income, net | $450.0K | $826.0K |
| Loss before provision for income taxes | -$26.1M | -$40.7M |
| Provision for income taxes | -$500.0K | $0 |
| Net loss | -$26.6M | -$40.7M |
| Net loss per common share - basic | -$0.28 | -$0.72 |
| Net loss per common share - diluted | -$0.28 | -$0.72 |
| Weighted average common shares outstanding, basic | 94.7M shares | 56.3M shares |
| Weighted average common shares outstanding, diluted | 94.7M shares | 56.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $27.1M | $22.5M | ||
| Accounts receivable | $5.5M | $945.0K | ||
| Deposits, current portion | $1.1M | $929.0K | ||
| Prepaid expenses and other current assets | $1.3M | $805.0K | ||
| Foreign withholding tax receivable | $1.9M | $0 | ||
| Total current assets | $37.0M | $25.1M | ||
| Property and equipment, net | $241.0K | $471.0K | ||
| Operating lease, right-of-use asset | $4.1M | $4.4M | ||
| Deposits, net of current portion | $666.0K | $2.0M | ||
| Restricted cash | $154.0K | $152.0K | ||
| Other long term assets | $94.0K | $105.0K | ||
| Total assets | $42.2M | $32.2M | ||
| Accounts payable | $3.9M | $2.8M | ||
| Accrued expenses | $1.6M | $2.9M | ||
| Research and development contract liability, current portion | $5.3M | $85.0K | ||
| Operating lease liabilities, net of current portion | $1.9M | $3.5M | ||
| Current portion of long-term debt, net | $0 | $4.3M | ||
| Other current payable | $689.0K | $0 | ||
| Total current liabilities | $13.5M | $13.7M | ||
| Operating lease liabilities, current portion | $2.3M | $1.0M | ||
| Total liabilities | $15.8M | $14.7M | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Common stock, $0.001 par value; 300,000,000 and 200,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively; 96,621,218 and 61,819,101 shares issued and outstanding at December 31, 2025 and 2024, respectively | $97.0K | $62.0K | ||
| Additional paid in capital | $394.8M | $359.3M | ||
| Accumulated deficit | -$368.5M | -$341.9M | ||
| Total stockholders equity | $26.4M | $17.5M | $37.1M | |
| Total liabilities and stockholders equity | $42.2M | $32.2M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized | 300.0M shares | 200.0M shares | ||
| Common stock, shares issued | 96.6M shares | 13.5M shares | 61.8M shares | |
| Common stock, shares outstanding | 96.6M shares | 61.8M shares |
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $27.1M | $22.5M | ||
| Accounts receivable | $5.5M | $945.0K | ||
| Deposits, current portion | $1.1M | $929.0K | ||
| Prepaid expenses and other current assets | $1.3M | $805.0K | ||
| Foreign withholding tax receivable | $1.9M | $0 | ||
| Total current assets | $37.0M | $25.1M | ||
| Property and equipment, net | $241.0K | $471.0K | ||
| Operating lease, right-of-use asset | $4.1M | $4.4M | ||
| Deposits, net of current portion | $666.0K | $2.0M | ||
| Restricted cash | $154.0K | $152.0K | ||
| Other long term assets | $94.0K | $105.0K | ||
| Total assets | $42.2M | $32.2M | ||
| Accounts payable | $3.9M | $2.8M | ||
| Accrued expenses | $1.6M | $2.9M | ||
| Research and development contract liability, current portion | $5.3M | $85.0K | ||
| Operating lease liabilities, net of current portion | $1.9M | $3.5M | ||
| Current portion of long-term debt, net | $0 | $4.3M | ||
| Other current payable | $689.0K | $0 | ||
| Total current liabilities | $13.5M | $13.7M | ||
| Operating lease liabilities, current portion | $2.3M | $1.0M | ||
| Total liabilities | $15.8M | $14.7M | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Common stock, $0.001 par value; 300,000,000 and 200,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively; 96,621,218 and 61,819,101 shares issued and outstanding at December 31, 2025 and 2024, respectively | $97.0K | $62.0K | ||
| Additional paid in capital | $394.8M | $359.3M | ||
| Accumulated deficit | -$368.5M | -$341.9M | ||
| Total stockholders equity | $26.4M | $17.5M | $37.1M | |
| Total liabilities and stockholders equity | $42.2M | $32.2M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized | 300.0M shares | 200.0M shares | ||
| Common stock, shares issued | 96.6M shares | 13.5M shares | 61.8M shares | |
| Common stock, shares outstanding | 96.6M shares | 61.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$26.6M | -$40.7M |
| Depreciation and amortization | $958.0K | $397.0K |
| Stock-based compensation | $4.7M | $6.8M |
| Decrease in the carrying amount of right-of-use assets | $2.5M | $2.0M |
| Amortization of premium/discount on purchased securities | -$212.0K | $0 |
| Loss (gain) on fixed asset disposal | $31.0K | -$93.0K |
| Amortization of debt issuance costs | $37.0K | $37.0K |
| Accretion of final payment of term loan | $130.0K | $130.0K |
| Accounts receivable | -$4.6M | $753.0K |
| Prepaid expenses and other current assets | -$1.1M | $150.0K |
| Deposits | $1.1M | $93.0K |
| Foreign withholding tax receivable | -$1.9M | $0 |
| Other payable | $689.0K | $0 |
| Accounts payable | $1.1M | -$678.0K |
| Accrued expenses | -$1.3M | -$1.2M |
| Research and development contract liability, current portion | $5.2M | -$2.0M |
| Operating lease liability | -$2.6M | -$2.0M |
| Net cash used in operating activities | -$21.7M | -$36.3M |
| Purchases of property and equipment | -$177.0K | -$66.0K |
| Cash received from the sale of property and equipment | $40.0K | $98.0K |
| Purchases of marketable securities | -$16.3M | $0 |
| Redemption of marketable securities | $16.5M | $0 |
| Net cash provided by investing activities | $75.0K | $32.0K |
| Proceeds from ATM offering, net of sales agent commission and fees | $2.5M | $3.4M |
| Proceeds from issuance of common stock, warrants and pre-funded warrants, net of transaction costs | $28.3M | $10.8M |
| Repayment of term loans | -$4.5M | -$4.0M |
| Issuance of common stock upon exercise of warrants and pre-funded warrants, net | $0 | $18.0K |
| Net cash provided by financing activities | $26.3M | $10.2M |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $4.7M | -$26.1M |
| Cash paid for interest | $214.0K | $669.0K |
| Lease liabilities arising from obtaining right-of-use assets | $2.2M | $1.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Cue Biopharma, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief executive officerShao-Lee Lin May 7, 2026 to now11
- Chief executive officerUsman Azam Oct 2, 2025 to May 7, 202612
- Chief executive officerDaniel R. Passeri Dec 27, 2017 to Oct 2, 202513
- PresidentAnish Suri Oct 7, 2019 to Jun 7, 202414
- PresidentDaniel R. Passeri Dec 27, 2017 to Jun 25, 201913
- Chief financial officerJames M. Ahlers Aug 3, 2026 to now15
- Chief financial officerKerri-Ann Millar Aug 25, 2020 to Aug 3, 202616
- Chief financial officerGary Alan Schuman Dec 27, 2017 to Dec 27, 201717
Board members and other officers (32)
- VP, Prin. Accounting OfficerMichael Vincent Meluzio Jun 11, 2026 to now18
- Chief Medical OfficerDominique Christian Borie Jul 15, 2026 to now19
- CHIEF BUSINESS OFFICERLucinda Warren Sep 5, 2024 to now20
- Chief Medical OfficerMatteo Levisetti Jan 19, 2023 to now21
- Chief Business OfficerPatricia Nasshorn Jan 4, 2022 to Feb 21, 202322
- VP-FinanceKerri-Ann Millar May 11, 2018 to Feb 12, 202023
- Chief Scientific OfficerAnish Suri May 16, 2018 to Mar 8, 201924
- SVP and Chief Business OfficerBethany Mancilla Aug 2, 2018 to Mar 8, 201925
- Chief Medical OfficerKenneth Pienta Dec 27, 2017 to Mar 29, 202226
- EVP, Head of ImmunologyRodolfo Chaparro Dec 27, 2017 to Jul 25, 201827
- EVP, Head of R&DRonald D. Seidel Iii. Dec 27, 2017 to Jul 25, 201828
- Board memberShao-Lee Lin May 7, 2026 to now11
- Board memberViola Mong Meehan Jun 2, 2026 to now29
- Board memberDaniel A. Camardo Jun 8, 2026 to now30
- Board memberPasha Sarraf Mar 12, 2025 to now31
- Board memberJill Marie Church Jun 6, 2025 to now32
- Board memberUsman Azam Oct 2, 2025 to now12
- Board memberPatrick Verheyen Apr 13, 2023 to now33
- Board memberPamela Garzone Apr 21, 2023 to now34
- Board memberTamar D. Howson Sep 18, 2020 to Jan 5, 202335
- Board memberAaron G.l. Fletcher Oct 7, 2019 to Jan 5, 202336
- Board memberFrederick W. Driscoll Jun 27, 2018 to Jan 3, 202537
- Board memberFrank Morich Aug 2, 2018 to now38
- Board memberAnthony Digiandomenico Dec 27, 2017 to Jan 4, 201939
- Board memberBarry J. Simon Dec 27, 2017 to Jan 6, 202140
- Board memberCameron Gray Dec 27, 2017 to Jun 16, 202241
- Board memberChristopher A. Marlett Dec 27, 2017 to Jan 6, 202042
- Board memberDaniel R. Passeri Dec 27, 2017 to now13
- Board memberPeter A. Kiener Dec 27, 2017 to now43
- Board memberSteven L. McKnight Dec 27, 2017 to Jan 6, 202044
- General counselSumita Ray Jun 11, 2026 to now45
- General counselColin Sandercock Dec 27, 2017 to now46
Former names
- Imagen Biopharma, Inc.Jun 19, 2015 to Jun 19, 20152
Timeline
Filings
296 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 133 insider forms, 19 large holders, 3 private raises, 71 other. The latest 20:
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 13, 2026144 EDGAR
- Oct 13, 2026144 EDGAR
- Oct 8, 2026SCHEDULE 13G/A EDGAR
- Sep 21, 20268-K EDGAR
- Aug 28, 20264/A EDGAR
- Aug 28, 20264/A EDGAR
- Aug 21, 2026SCHEDULE 13D EDGAR
- Aug 20, 2026EFFECT EDGAR
- Aug 18, 2026CORRESP EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 2026UPLOAD EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 2026144 EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
The 296 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:
- Oct 8, 2026SCHEDULE 13G/A
- Aug 21, 2026SCHEDULE 13D
- Aug 14, 2026SCHEDULE 13G
- May 16, 2025SCHEDULE 13G/A
- Mar 21, 2025SCHEDULE 13G/A
- Feb 14, 2025SCHEDULE 13G/A
- Oct 7, 2024SCHEDULE 13G/A
- Mar 11, 2024SC 13G
- Feb 7, 2024SC 13G
- Jan 31, 2024SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 49. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 6
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- 8
- 9
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- 12SEC EDGARUsman Azam, Chief executive officer
- 13
- 14SEC EDGARAnish Suri, President
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23SEC EDGARKerri-Ann Millar, VP-Finance
- 24SEC EDGARAnish Suri, Chief Scientific Officer
- 25
- 26
- 27
- 28
- 29SEC EDGARViola Mong Meehan, Board member
- 30SEC EDGARDaniel A. Camardo, Board member
- 31SEC EDGARPasha Sarraf, Board member
- 32SEC EDGARJill Marie Church, Board member
- 33SEC EDGARPatrick Verheyen, Board member
- 34SEC EDGARPamela Garzone, Board member
- 35SEC EDGARTamar D. Howson, Board member
- 36SEC EDGARAaron G.l. Fletcher, Board member
- 37SEC EDGARFrederick W. Driscoll, Board member
- 38SEC EDGARFrank Morich, Board member
- 39SEC EDGARAnthony Digiandomenico, Board member
- 40SEC EDGARBarry J. Simon, Board member
- 41SEC EDGARCameron Gray, Board member
- 42SEC EDGARChristopher A. Marlett, Board member
- 43SEC EDGARPeter A. Kiener, Board member
- 44SEC EDGARSteven L. McKnight, Board member
- 45SEC EDGARSumita Ray, General counsel
- 46SEC EDGARColin Sandercock, General counsel