Equillium, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
EQ$1.46-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months EndedSeptember 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Operating activities: | |||
| Net loss | $(18,623) | $(2,273) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation | 93 | 102 | |
| Stock-based compensation | 1,585 | 2,929 | |
| Net unrealized gain on foreign currency transactions | (531) | (183) | |
| Amortization of investments, net | (14) | (685) | |
| Deferred revenue | - | (13,661) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | - | (1,274) | |
| Prepaid expenses and other current assets | 1,584 | 1,998 | |
| Accounts payable | (1,904) | (1,046) | |
| Accrued expenses | (1,776) | (1,630) | |
| Right-of-use assets and lease liabilities, net | (27) | (4) | |
| Net cash used in operating activities | (19,613) | (15,727) | |
| Investing activities: | |||
| Purchases of property and equipment | (4) | (81) | |
| Purchases of short-term investments | - | (17,601) | |
| Maturities of short-term investments | 4,500 | 25,500 | |
| Net cash provided by investing activities | 4,496 | 7,818 | |
| Financing activities: | |||
| Proceeds from exercise of stock options | 1,232 | - | |
| Proceeds from issuance of common stock under employee stock purchase plan | - | 91 | |
| Proceeds from issuance of common stock under ATM facility, net of issuance costs | 819 | - | |
| Proceeds from private placement of equity securities, net of issuance costs | 28,093 | - | |
| Net cash provided by financing activities | 30,144 | 91 | |
| Effect of exchange rate changes on cash and cash equivalents | 8 | 50 | |
| Net increase (decrease) in cash and cash equivalents | 15,035 | (7,768) | |
| Cash and cash equivalents at beginning of period | 18,085 | 23,216 | |
| Cash and cash equivalents at end of period | $33,120 | $15,448 | |
| Supplemental cash flow information: | |||
| Right-of-use assets obtained in exchange for lease obligations | $548 | $ | - |
| ATM facility issuance costs reclassed from other current assets | $392 | $ | - |
| ATM facility issuance costs in accounts payable | $138 | $ | - |
| Private placement issuance costs in accounts payable and accrued expenses | $184 | $ | - |
| Exercise of stock options issuance costs in accrued expenses | $3 | $ | - |
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