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Cue Biopharma vs Xenon Pharmaceuticals: CUE and XENE compared

Cue Biopharma is the larger company: $7.9M of revenue in its latest quarter (Q2 2026) against $7.5M for Xenon Pharmaceuticals (Q1 2025).

Cue Biopharma vs Xenon Pharmaceuticals, latest quarterCue Biopharma vs Xenon Pharmaceuticals, latest quarterCue Biopharma (CUE)Xenon Pharmaceuticals (XENE)Revenue$7.9M$7.5MOperating marginn/m-969.8%

Where the money goes: CUE and XENE

Cue Biopharma (CUE) · Q2 2026

Cue Biopharma, Q2 2026: revenue $7.9M (+167% year over year), net loss $153M, operating cash flow −$29.0M. The chart follows the revenue to costs, profit and cash.

Xenon Pharmaceuticals (XENE) · Q1 2025

Xenon Pharmaceuticals, Q1 2025: revenue $7.5M, operating margin -969.8%, net loss $65.0M, operating cash flow −$61.7M. The chart follows the revenue to costs, profit and cash.

Cue Biopharma (CUE)Xenon Pharmaceuticals (XENE)
Latest quarterQ2 2026Q1 2025
Revenue$7.9M$7.5M
Revenue growth, Y/Y+167%—
Operating marginn/m-969.8%
Net earnings−$153M−$65.0M
Net margin—-867.3%
Operating cash flow−$29.0M−$61.7M
Market value—$3.6B
Analysts’ mean target—$71.75

Questions

Which is bigger, Cue Biopharma or Xenon Pharmaceuticals?

Cue Biopharma is the larger company: $7.9M of revenue in its latest quarter (Q2 2026) against $7.5M for Xenon Pharmaceuticals (Q1 2025).

More: Cue Biopharma earnings · how Cue Biopharma makes money · Xenon Pharmaceuticals earnings · how Xenon Pharmaceuticals makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed May 12, 2025). Fiscal quarters can end on different dates. Not investment advice.