Equillium (EQ) Research & Development (2018 - 2026)
Equillium's Research & Development came in at $2.75 million for Q2 2026, down 32.7% from $4.08 million a year earlier and down 8.1% from the prior quarter.
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Analysis
Equillium (EQ) Research & Development (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Equillium reported Research & Development of $8.58 million, down 68.1% year-over-year; for FY2025, it came in at $12.84 million, down 65.7% from FY2024.
- Research & Development carries a five-year compound annual growth rate of -7.9% (FY2020 to FY2025).
- Going back by year, Research & Development was $37.43 million in FY2024 (+1.1%), $37.04 million in FY2023 (-1.4%), $37.55 million in FY2022 (+42.3%) and $26.38 million in FY2021 (+36.1%).
- The five-year range for quarterly Research & Development is $1.3 million (Q3 2025) to $10.81 million (Q2 2024).
- Year-over-year, Research & Development has declined for seven consecutive quarters, with an average decline of 45.3% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 83.0%), and the weakest in Q3 2025 (a decline of 86.4%).
- Business Quant data shows EQ's Research & Development at $2.99 million (Q1 2026), $1.54 million (Q4 2025) and $1.3 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -4.05 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 1.87 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 1.76 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.81 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 993.80 Mn |
| 10 | Equillium | 187.83 Mn | 187.83 Mn | - | 2.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.75 Mn |
| Mar 31, 2026 | 2.99 Mn |
| Dec 31, 2025 | 1.54 Mn |
| Sep 30, 2025 | 1.30 Mn |
| 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 |
API Access
Equillium Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=EQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "EQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=EQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();