Growth Metrics

Equillium (EQ) Operating Expenses (2022 - 2025)

Equillium (EQ) has disclosed Operating Expenses for 4 consecutive years, with $4.6 million as the latest value for Q3 2025.

  • On a quarterly basis, Operating Expenses fell 64.38% to $4.6 million in Q3 2025 year-over-year; TTM through Sep 2025 was $28.8 million, a 45.41% decrease, with the full-year FY2024 number at $49.4 million, down 2.45% from a year prior.
  • Operating Expenses was $4.6 million for Q3 2025 at Equillium, down from $6.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $37.3 million in Q1 2022 to a low of $4.6 million in Q3 2025.
  • A 4-year average of $13.2 million and a median of $12.8 million in 2024 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: plummeted 65.21% in 2023, then grew 9.74% in 2024.
  • Equillium's Operating Expenses stood at $13.7 million in 2022, then fell by 9.52% to $12.4 million in 2023, then fell by 26.76% to $9.1 million in 2024, then crashed by 49.68% to $4.6 million in 2025.
  • Per Business Quant, the three most recent readings for EQ's Operating Expenses are $4.6 million (Q3 2025), $6.2 million (Q2 2025), and $8.9 million (Q1 2025).