NASDAQ$CUE

Cue Biopharma Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Cue Biopharma Inc reported collaboration revenue of $5.7 million and a net loss of $5.2 million for the first quarter of 2026.

Cue Biopharma generated $5.7 million in collaboration revenue during Q1 2026, primarily from its BI Collaboration and License Agreement. The company recorded a net loss of $5.2 million and used $10.9 million in cash from operations. Cash and cash equivalents stood at $16.4 million at quarter end, with the company noting substantial doubt about its ability to continue as a going concern.

  • Collaboration revenue increased to $5.7 million from $0.4 million in the prior-year quarter due to progress under the BI agreement.
  • Net loss narrowed to $5.2 million compared to $12.3 million in Q1 2025, driven by lower R&D and G&A expenses.
  • Cash position declined to $16.4 million; company raised additional capital via ATM and private placement subsequent to quarter end.
  • Substantial doubt exists regarding the company's ability to continue as a going concern without further financing.

Headline financials

Total Revenue

$5.69M

Previous: $421K+1250.6%
EPS (adj)

-$1.08

Previous: -$0.17-535.3%
Weighted avg shares outstanding

4.8M

Previous: 74.3M-93.5%
Capital Expenditures

-$121K

Previous: -$150K+19.3%
Free Cash Flow

-$11.1M

No prior period
Net Income

-$5.18M

Previous: -$12.3M+57.8%
Operating Income

-$5.35M

Previous: -$12.3M+56.5%
Cash & Equivalents

$16.4M

No prior period
Total Assets

$30.9M

No prior period

Revenue & EPS history

Cue Biopharma · Revenue · Quarterly

$5.69M

Q1 2026+1,250.6%vs Q1 2025
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Cue Biopharma · $5.69M total across 1 segment · Q1 2026

  • Collaboration revenue
    $5.69M

Forward guidance

Company plans to advance CUE-221 and CUE-401 programs while relying on collaborations and additional financing to fund operations.

Tailwinds

  • Received $27.6 million net proceeds from April 2026 private placement
  • Achieved $7.5 million milestone payment from BI in May 2026

Headwinds

  • Substantial doubt about ability to continue as going concern
  • Need to raise substantial additional capital to fund operations

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+1.3%

Avg return

30 days after

45%

15 / 33 earnings

Positive

+25.2%

Q4 2021

Best reaction

-16.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-14.2%-31.0%
Q4 2025-0.3%-14.7%+97.1%
Q3 2025-8.5%-13.2%-27.1%
Q2 2025+0.0%+3.7%-6.1%
Q1 2025-3.5%-2.5%-18.6%
Q4 2024+3.3%-2.4%-9.4%
Q3 2024-16.7%-28.0%-37.3%
Q2 2024-6.3%+19.9%-7.1%
Q1 2024-8.9%-18.8%-22.5%
Q4 2023+2.7%-5.4%+3.2%
Q3 2023+14.9%+5.4%+8.1%
Q2 2023-12.3%-14.2%-26.5%
Q1 2023-3.7%-12.4%-23.2%
Q4 2022+7.1%+7.4%+14.2%
Q3 2022+20.4%+2.5%-6.1%
Q2 2022+1.7%-5.7%+3.3%
Q1 2022-11.0%-10.0%-8.5%
Q4 2021+25.2%+27.2%+2.9%
Q3 2021-0.4%+6.4%+4.1%
Q2 2021+7.7%+3.5%+23.1%
Q1 2021-1.4%+2.4%-4.2%
Q4 2020-7.5%-4.5%-14.3%
Q3 2020+11.2%+7.1%+17.3%
Q2 2020+1.3%+2.5%-16.0%
Q1 2020+8.3%+13.3%-4.4%
Q4 2019-15.5%+4.8%+59.8%
Q3 2019-2.0%-1.8%+38.4%
Q2 2019+1.3%+7.5%+6.4%
Q1 2019+0.1%+1.5%-6.7%
Q4 2018+9.7%+23.8%+20.3%
Q3 2018-6.7%-8.8%-16.2%
Q2 2018-0.7%-4.9%+11.3%
Q4 2017+0.5%+1.2%-13.5%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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