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| Date | Value |
|---|---|
| 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 |