Equus Total Return (EQS) Gross Margin (2023 - 2025)

Equus Total Return (EQS) has reported Gross Margin for 3 consecutive years, with 78.15% the latest figure, recorded in Q4 2025.

• For the quarter ending Q4 2025, Gross Margin fell 1550.0% year-over-year to 78.15%; the trailing twelve-month figure through Dec 2025 stood at 89.65% (up 40421.0% YoY), and the FY2025 full-year result was 87.18%, down 285.0% from the prior year.
• Gross Margin fell to 78.15% in Q4 2025 per EQS's latest filing, from 90.73% in the prior quarter.
• Across five years, Gross Margin topped out at 96.75% in Q1 2025 and bottomed at 266.67% in Q1 2023.
• Historically, Gross Margin has averaged 37.45% across 3 years, with a median of 90.73% in 2025.
• The sharpest annual moves came in 2024 and 2025: Gross Margin soared 34370 bps in 2024, then slumped 1550 bps in 2025.
• Over 3 years, Gross Margin stood at 266.67% in 2023, then jumped by 135 bps to 93.66% in 2024, then fell by 17 bps to 78.15% in 2025.
• According to Business Quant data, Gross Margin over the past three periods registered 78.15%, 90.73%, and 96.75% for Q4 2025, Q3 2025, and Q1 2025 respectively.