CUECue Biopharma, Inc.
Is Cue Biopharma struggling financially?
Yes, by its own account. Cue Biopharma told the SEC on 14 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.
Going concern disclosed May 2026
15/100
Critical
Cries for help
-
Needs to raise money
We will need to raise additional capital or incur additional indebtedness to continue to fund our operations in the near term.
Form 10-Q, filed 14 May 2026. Read it on SEC.gov
Signs of a way out
Nothing in the filings we have read names a way out.
- Sector
- Biotech/Pharma
- Market cap
- $174.2M
- Source filing
- 10-Q 14 May 2026
- Balance sheet
- 30 Jun 2026
Cash runway
-
2months
If the burn speeds up
Empty by Aug 2026
-
4months
If it eases off
Empty by Oct 2026
Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.
Out of cashTwo years or more
The runway math
Cash and short-term investments
$17.4M
÷
Cash burned over the last 12 months
$73.0M
What Cue Biopharma told the SEC
…are made in this report could be materially different from those anticipated in such forward-looking statements. Our recurring losses from operations raise substantial doubt regarding our ability to continue as a going concern. Company management has obtained and continues to pursue additional financing and cost-management initiatives to support future operations, however such funding may not be available on…
Cue Biopharma, Inc., Form 10-Q, filed 14 May 2026.
Read the filing on SEC.govWhat this means
- Not a bankruptcy filing, and not a prediction.
- It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
- The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.
What else the numbers show
- Cash burn is increasing It is spending 29% more cash per year than it was, so the runway above shortens even if nothing else changes.
Other Biotech/Pharma companies that filed the doubt
- CURX Curanex Pharmaceuticals $7.4M
- BTAI BioXcel Therapeutics $25.2M
- GTBP GT Biopharma $13.0M
- TRAW Traws Pharma $8.1M
- AGEN Agenus $364.2M
- OGEN Oragenics $2.4M