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Equillium, Inc.

$1.75 ▼ -0.17 (-9.11%) at close

10 Visible periods

29 Metrics

Peer-ranked Benchmarks

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Health

Poor

Bearish

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Analytical Summary

Equillium, Inc. faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $100.3M

Dividend Yield —

Revenue Growth None

Op. Margin None

ROIC -82.6% ↘

FCF / Share $-0.40 ↗

Trailing P/E —

Price / Book 3.8x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Sep 23, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$41.09M

↑ +13.9% —

Net Income Profit after all expenses

$-22.40M

↓ -177.6% —

Operating Margin Operating profit as % of sales

-20.1%

↑ +50.0% —

FCF / Share Free cash flow per share

$-0.40

↑ +26.4% —

Long-Term Debt Long-term obligations

$9.07M

↓ -6.3% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns ↓

Cash Quality ↑

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Revenue Growth YoY (%)	—	13.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+74%)	129.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1512%)	—	—	—	—	—	—	—
EPS Growth YoY (%)	-69.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	39.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	79.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-36.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—
Net Income Growth YoY (%)	-177.6% Weak ↓ Weak Declining Year-over-year change in net income	39.5% Excellent ↑ Excellent Improving Year-over-year change in net income	78.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-59.9% Weak ↓ Weak Declining Year-over-year change in net income	-31.0% Weak ↑ Weak Improving Year-over-year change in net income	-16.5% Weak Weak Year-over-year change in net income	-93.2% Weak Weak Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	26.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	14.0% Fair ↑ Fair Improving Year-over-year change in free cash flow	-135.3% Weak Weak Year-over-year change in free cash flow	76.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Operating Margin (%) (%)	—	-20.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-234%)	-40.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-368%)	-393.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2726%)	—	—	—	—	—	—
Effective Tax Rate (%) (%)	0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	—	-19.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-264%)	-37.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-408%)	-396.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3401%)	—	—	—	—	—	—
FCF Margin (%) (%)	—	-46.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-60.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-57.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—
FCF / Net Income (x)	1.02x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.37x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.64x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.57x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Return on Invested Capital (%)	-82.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-45.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-67.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-151.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-56.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-42.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-41.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-10.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-74.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-32.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-28.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-79.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-44.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-34.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-48.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	-12.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-78.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-622%)	-42.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-382%)	-59.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-494%)	-195.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1403%)	-58.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-491%)	-42.7% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-385%)	-61.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-508%)	-20.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-236%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Debt to Equity (x)	—	—	—	0.28x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	—	—	0.23x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-61%)	—	—	—
Interest Coverage (x)	—	—	-29.58x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-58.95x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-35.22x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-26.89x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-95.80x Weak Weak Operating income divided by interest expense Optimal: > 5x	-3.37x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-30.28M	$-18.09M	$-23.22M	$-50.04M	$-50.37M	$-23.98M	$-3.54M	$-28.51M	$-7.10M	—
Debt / EBITDA (x)	—	—	—	-0.15x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	-0.36x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Revenue per Share (USD)	—	$1.16	$1.04	$0.47	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-0.39	$-0.23	$-0.38	$-1.85	$-1.36	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.40	$-0.54	$-0.63	$-0.27	$-1.12	—	—	—	—	—
Book Value per Share (USD)	$0.47	$0.54	$0.64	$0.93	$2.26	$2.82	$2.40	$3.74	$-0.21	—
Tangible Book Value per Share (USD)	$0.47	$0.54	$0.64	$0.93	$2.26	$2.82	$2.40	$3.74	$-0.21	—
Basic Weighted Avg Shares (shares)	57.30M	35.36M	34.73M	33.73M	28.81M	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Working Capital (USD)	$28.10M	$18.62M	$21.78M	$44.70M	$74.45M	$77.93M	$51.55M	$65.07M	$6.58M	—
LT Debt (USD)	—	—	—	$9.07M	—	—	$9.68M	—	—	—
Total Equity (USD)	$28.60M	$19.06M	$22.57M	$31.94M	$66.50M	$69.85M	$41.85M	$64.94M	$-2.25M	$0.00

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Mar 15, 2017 10-K ↗
Sales/Revenue/Turnover (USD)	—	$41.09M	$36.08M	$15.76M	—	—	—	—	—	—
Depreciation Expense (USD)	$116.00K	$137.00K	$126.00K	$118.00K	$72.00K	$45.00K	$23.00K	$6.00K	—	—
Net Income, GAAP (USD)	$-22.40M	$-8.07M	$-13.34M	$-62.43M	$-39.05M	$-29.81M	$-25.60M	$-13.25M	—	—
Operating Cash Flow (USD)	$-22.75M	$-19.03M	$-21.78M	$-8.73M	$-32.08M	$-24.62M	$-22.95M	$-7.53M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced yesterday 10 years · 37 quarters

Equillium, Inc.

Analytical Summary

10-Year Financial Trajectory

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