8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | -$22M | — | — | -$23M | — | $30M |
| 2024 | $41M | -$8M | 0.0% | -20.1% | -$19M | — | $18M |
| 2023 | $36M | -$13M | 0.0% | -40.2% | -$22M | — | $23M |
| 2022 | $16M | -$62M | 0.0% | -393.9% | -$9M | $9M | $59M |
| 2021 | — | -$39M | — | — | -$32M | $10M | $50M |
| 2020 | — | -$30M | — | — | -$25M | $10M | $24M |
| 2019 | — | -$26M | — | — | -$23M | $10M | $13M |
| 2018 | — | -$13M | — | — | -$8M | — | $29M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | -$5M | — | — | -$4M | — | $61M |
| Dec '25 | — | -$4M | — | — | -$3M | — | $30M |
| Sep '25 | — | -$4M | — | — | -$8M | — | $33M |
| Jun '25 | — | -$6M | — | — | -$3M | — | $11M |
| Mar '25 | — | -$9M | — | — | -$8M | — | $15M |
| Dec '24 | $4M | -$6M | 0.0% | -107.0% | -$3M | — | $18M |
| Sep '24 | $12M | -$7000 | 0.0% | -5.6% | -$8M | — | $15M |
| Jun '24 | $14M | $468000 | 0.0% | -0.7% | $668000 | — | $11M |
| Mar '24 | $11M | -$3M | 0.0% | -26.1% | -$9M | — | $12M |
| Dec '23 | $9M | -$2M | 0.0% | -34.7% | -$6M | — | $23M |
| Sep '23 | $9M | -$4M | 0.0% | -40.8% | — | — | $34M |
| Jun '23 | $9M | -$3M | 0.0% | -39.4% | — | — | $26M |
| Mar '23 | $9M | -$4M | 0.0% | -46.3% | — | $8M | $25M |
| Dec '22 | — | $3M | — | — | $28M | $9M | $59M |
| Sep '22 | — | -$14M | — | — | -$13M | $10M | $26M |
| Jun '22 | — | -$14M | — | — | -$11M | $10M | $24M |
| Mar '22 | — | -$37M | — | — | -$12M | $10M | $26M |
| Dec '21 | — | -$11M | — | — | -$10M | $10M | $50M |
| Sep '21 | — | -$10M | — | — | -$7M | $10M | $77M |
| Jun '21 | — | -$9M | — | — | — | $10M | $74M |
How the market has priced EQ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Equillium, Inc.'s revenue has grown 61.5% per year. These are computed facts, not advice.
As of FY2025, Equillium, Inc. reported — of total debt against $30M of cash.
In FY2025, gross margin was —, operating margin —, and net margin —.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.