Equillium Inc
Equillium Inc is a biotechnology company focused on the development of novel therapeutics for the treatment of autoimmune and inflammatory diseases.
Business. Equillium Inc (EQ.O) is a biotechnology and medical research company operating within the healthcare sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. Specific details regarding operating segments and geographic revenue mix are not available.
Analyst recommendations
8 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Equillium Inc (EQ.O) is a biotechnology and medical research company operating within the healthcare sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. Specific details regarding operating segments and geographic revenue mix are not available.
Equillium Inc has a market capitalization of $163.76 million and a price-to-book ratio of 5.73, indicating that the market is valuing the company at a premium to its book value. The company's liquidity position is strong, with $30.28 million in cash and equivalents and a current ratio of 10.58, suggesting that it has ample short-term liquidity to cover its liabilities. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating that it is entirely equity-financed.
The company's profitability metrics are negative, with a return on equity of -7.83% and a return on assets of -7.02%, reflecting a lack of profitability and operational efficiency. The company reported a net loss of $22.40 million and an operating loss of $23.63 million, with no revenue reported, indicating that it is in the early stages of commercialization or still in development. The company's operating cash flow is negative at -$22.75 million, and its free cash flow is also negative at -$22.33 million, suggesting that it is not generating positive cash flows from operations.
Equillium Inc does not report revenue by segment or geographic region, so it is not possible to assess the concentration of its revenue across different business lines or geographic markets. The company's capital expenditures are minimal at -$48,000, indicating that it is not investing heavily in physical assets at this time.
The company's growth trajectory is not yet defined, as it has not reported any revenue and is currently in a net loss position. Analysts have provided a mean price target of $7.14 and a median price target of $6.00, with a mean recommendation of 1.62, indicating a generally positive outlook from the analyst community. The company has four strong-buy ratings, three buy ratings, and one hold rating, suggesting that the majority of analysts see potential in the company's future performance.
The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company has a low dilution potential, and no adjustments have been applied to its valuation metrics, indicating that there are no significant dilutive events on the horizon.
There are no recent events or filings that have been disclosed in the provided data, so it is not possible to assess the company's recent performance or strategic direction based on public disclosures.
- Equillium Inc is a biotechnology company with no reported revenue and is currently in a net loss position.
- The company has a strong liquidity position with $30.28 million in cash and equivalents and a current ratio of 10.58.
- The company's profitability metrics are negative, with a return on equity of -7.83% and a return on assets of -7.02%.
- Analysts have provided a generally positive outlook, with a mean price target of $7.14 and a median price target of $6.00.
- The company has low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,21 |
| Revenue | —no estimate | —no estimate | 0 USD |
| Operating income | —no estimate | —no estimate | -26,8M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 14 584 @ $0,79exercise · 2026-06-05
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 14 583 @ $0,79exercise · 2026-05-28
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 15 625 @ $0,79exercise · 2026-05-28
- Director · Director Stock Option (right to buy) → Common StockAcquired 70 000 @ $2,84grant · 2026-05-28
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 7 292 @ $0,73exercise · 2026-05-28
- Principal Accounting Officer · Employee Stock Option (right to buy) → Common StockDisposed 65 000 @ $0,79exercise · 2026-05-28
- Director · Director Stock Option (right to buy) → Common StockAcquired 70 000 @ $2,84grant · 2026-05-28
- Director · Director Stock Option (right to buy) → Common StockAcquired 70 000 @ $2,84grant · 2026-05-28
- Director, CHAIRMAN · Director stock option (right to buy) → Common StockAcquired 70 000 @ $2,84grant · 2026-05-28
- Director · Director Stock Option (right to buy) → Common StockAcquired 70 000 @ $2,84grant · 2026-05-28
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 48 512 @ $0,77exercise · 2026-05-28
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 9 821 @ $0,77exercise · 2026-05-27
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 120 312 @ $0,79exercise · 2026-03-13
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 75 000 @ $0,79exercise · 2026-03-09
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 35 695 @ $0,79exercise · 2026-03-09
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 41 666 @ $0,79exercise · 2026-03-09
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 109 375 @ $0,79exercise · 2026-02-19
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 76 562 @ $0,73exercise · 2026-02-19
- Principal Accounting Officer · Employee Stock Option (right to buy) → Common StockAcquired 450 000 @ $1,31grant · 2026-01-07
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockAcquired 500 000 @ $1,31grant · 2026-01-07
- Director, Chief Executive Officer, 10% owner · Employee Stock Option (right to buy) → Common StockAcquired 1 750 000 @ $1,31grant · 2026-01-07
- Director, President and CSO · Employee Stock Option (right to buy) → Common StockAcquired 1 150 000 @ $1,31grant · 2026-01-07
- Sr. Vice President and COO · Employee Stock Option (right to buy) → Common StockDisposed 100 000 @ $0,79exercise · 2025-12-23
- Director, Chief Scientific Officer · Employee Stock Option (right to buy) → Common StockAcquired 1 025 000 @ $1,74grant · 2025-08-29
- Principal Accounting Officer · Employee Stock Option (right to buy) → Common StockAcquired 525 000 @ $1,74grant · 2025-08-29
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Equillium Inc Market data — financials · 2026-05-27
- Equillium Inc Market data — analyst estimates · 2026-05-27
- Equillium Inc Market data — ESG · 2026-05-27
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,01 %$13M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Bruce D. SteelPresident, Chief Executive Officer, Director
Insider activity
- Sr. Vice President and COO · Common StockOther 14 584 @ $0,79$11K · 2026-06-05
- President and CSO · Common StockSold 30 975 @ $2,94$91K · 2026-06-05
- Sr. Vice President and COO · Common StockSold 14 584 @ $2,93$43K · 2026-06-05
- President and CSO · Common StockSold 200 000 @ $3,16$633K · 2026-06-04
- Sr. Vice President and COO · Common StockOther 15 625 @ $0,79$12K · 2026-05-28
- Sr. Vice President and COO · Common StockSold 55 604 @ $2,70$150K · 2026-05-28
- Sr. Vice President and COO · Common StockSold 200 @ $2,71$542 · 2026-05-28
- Sr. Vice President and COO · Common StockOther 14 583 @ $0,79$11K · 2026-05-28
- Sr. Vice President and COO · Common StockSold 30 208 @ $2,98$90K · 2026-05-28
- Principal Accounting Officer · Common StockOther 65 000 @ $0,79$51K · 2026-05-28
- Principal Accounting Officer · Common StockSold 65 000 @ $2,95$192K · 2026-05-28
- Sr. Vice President and COO · Common StockOther 7 292 @ $0,73$5K · 2026-05-28
- Sr. Vice President and COO · Common StockOther 48 512 @ $0,77$37K · 2026-05-28
- Sr. Vice President and COO · Common StockOther 9 821 @ $0,77$8K · 2026-05-27
- Sr. Vice President and COO · Common StockSold 9 821 @ $2,70$27K · 2026-05-27
- Sr. Vice President and COO · Common StockSold 120 312 @ $2,50$301K · 2026-03-13
- Sr. Vice President and COO · Common StockOther 120 312 @ $0,79$94K · 2026-03-13
- Sr. Vice President and COO · Common StockOther 35 695 @ $0,79$28K · 2026-03-09
- Sr. Vice President and COO · Common StockSold 181 219 @ $2,00$362K · 2026-03-09
- Sr. Vice President and COO · Common StockOther 75 000 @ $0,79$59K · 2026-03-09
- Sr. Vice President and COO · Common StockOther 41 666 @ $0,79$33K · 2026-03-09
- Sr. Vice President and COO · Common StockOther 76 562 @ $0,73$56K · 2026-02-19
- Sr. Vice President and COO · Common StockOther 109 375 @ $0,79$86K · 2026-02-19
- Sr. Vice President and COO · Common StockSold 109 375 @ $1,78$195K · 2026-02-19
- Sr. Vice President and COO · Common StockSold 76 562 @ $1,74$133K · 2026-02-19
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2025-12-31): 0.12xDerived (calculated)
- Return on equity (FY 2025-12-31): -78.3%Derived (calculated)
- Return on assets (FY 2025-12-31): -70.2%Derived (calculated)
- Current ratio (FY 2025-12-31): 10.58xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -43.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 67.4%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -177.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -19.6%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -185.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 50.0%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 24.5%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -49.7%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -69.6%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -69.6%Derived (calculated)
- EPS (diluted) (annual): USD-PER-SHARES -0SEC XBRL filing
- Pre-tax income (annual): USD -22.4MSEC XBRL filing
- Operating cash flow (annual): USD -22.75MSEC XBRL filing
- Total assets (annual): USD 31.89MSEC XBRL filing
- Capex (annual): USD 48KSEC XBRL filing
- Shareholders' equity (annual): USD 28.6MSEC XBRL filing
- Operating income (annual): USD -23.63MSEC XBRL filing
- Cash & equivalents (annual): USD 30.28MSEC XBRL filing
- Total liabilities (annual): USD 3.29MSEC XBRL filing
- Current assets (annual): USD 31.04MSEC XBRL filing