Equillium (EQ) Research & Development (2018 - 2026)

Equillium's (EQ) quarterly Research & Development came in at $3.0 million in Q1 2026, down 49.51% year-on-year from $5.9 million in Q1 2025, and up 94.73% on a QoQ basis from $1.5 million in Q4 2025.

Equillium (EQ) Research & Development (2018 - 2026) Analysis & Trends

Equillium (EQ) has 9 years of Research & Development data on file, last reported at $3.0 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 49.51% year-over-year to $3.0 million in Q1 2026; TTM through Mar 2026 was $14.5 million, a 56.76% decrease from a year earlier, with the FY2025 full-year figure at $12.8 million, down 65.69% from the prior year.
  • Research & Development for Q1 2026 stood at $3.0 million, up from $1.5 million in the prior quarter.
  • Over the last five years, Research & Development for EQ reached as high as $10.8 million in Q2 2024 and fell as low as $400000.0 in Q3 2025.
  • Historically, Research & Development has averaged $7.5 million across 5 years, with a median of $9.0 million in 2023.
  • Across the five-year window, Research & Development jumped 83.04% in 2022 and slumped 95.82% in 2025, its largest moves.
  • Year by year, Research & Development stood at $8.5 million in 2022, then rose by 7.73% to $9.2 million in 2023, then dropped by 20.35% to $7.3 million in 2024, then tumbled by 79.0% to $1.5 million in 2025, then jumped by 94.73% to $3.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $3.0 million in Q1 2026, $1.5 million in Q4 2025, and $400000.0 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Equillium 242.14 Mn 242.14 Mn - 2.99 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.99 Mn
Dec 31, 2025 1.54 Mn
Sep 30, 2025 400,000.00
Jun 30, 2025 4.08 Mn
Mar 31, 2025 5.92 Mn
Dec 31, 2024 7.32 Mn
Sep 30, 2024 9.56 Mn
Jun 30, 2024 10.81 Mn
Mar 31, 2024 9.74 Mn
Dec 31, 2023 9.18 Mn
Sep 30, 2023 8.97 Mn
Jun 30, 2023 9.61 Mn
Mar 31, 2023 9.27 Mn
Dec 31, 2022 8.53 Mn
Sep 30, 2022 8.77 Mn
Jun 30, 2022 9.49 Mn
Mar 31, 2022 10.76 Mn
Dec 31, 2021 7.55 Mn
Sep 30, 2021 6.97 Mn
Jun 30, 2021 5.99 Mn