Equillium (EQ) Operating Expenses (2018 - 2026)

Equillium (EQ) has reported Operating Expenses for 9 consecutive years, with $5.6 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 36.75% year-over-year to $5.6 million; the TTM figure through Mar 2026 stood at $20.4 million (down 54.47% YoY), while the FY2025 annual figure was $23.6 million, down 52.12% from the prior year.
• Operating Expenses improved to $5.6 million in Q1 2026 per EQ's latest filing, from $4.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $37.3 million in Q1 2022 and bottomed at $4.0 million in Q4 2025.
• Historically, Operating Expenses has averaged $12.2 million across 5 years, with a median of $12.7 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 329.32% — and 2023, when it plunged 65.21%.
• Equillium's Operating Expenses stood at $13.7 million in 2022, then slipped by 9.52% to $12.4 million in 2023, then fell by 26.76% to $9.1 million in 2024, then tumbled by 56.41% to $4.0 million in 2025, then soared by 41.6% to $5.6 million in 2026.
• Business Quant data shows EQ's Operating Expenses at $5.6 million in Q1 2026, $4.0 million in Q4 2025, and $4.6 million in Q3 2025.