Equillium, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | — | $41.1M | $36.1M | $15.8M | — |
| Operating income | -$23.6M | -$8.3M | -$14.5M | -$62.1M | -$37.8M |
| Operating expenses | $23.6M | $49.4M | $50.6M | $77.8M | $37.8M |
| Cash from operations | -$22.7M | -$19.0M | -$21.8M | -$8.7M | -$32.1M |
| Capital expenditure | $48,000 | $85,000 | $50,000 | $279,000 | $57,000 |
| Free cash flow | -$22.8M | -$19.1M | -$21.8M | -$9.0M | -$32.1M |
| Share repurchases | — | — | $260,000 | — | — |
| Total assets | $31.9M | $25.6M | $50.5M | $78.4M | $85.4M |
| Total liabilities | $3.3M | $6.5M | $28.0M | $46.5M | $18.9M |
Shares outstanding 63.2M · Free float 72.2%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.