Equillium, Inc.
For the period ended Dec 31, 2025. Filed Mar 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 25, 2026
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| Year EndedDecember 31, · Year EndedDecember 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Operating activities: | |||
| Net loss | $(22,398) | $(8,067) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation | 116 | 137 | |
| Loss on disposal of property and equipment | 19 | - | |
| Stock-based compensation | 2,322 | 3,750 | |
| Net unrealized (gain) loss on foreign currency transactions | (474) | 794 | |
| Amortization of investments, net | (14) | (754) | |
| Deferred revenue | - | (15,728) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | - | 3,735 | |
| Prepaid expenses and other current assets | 1,263 | 2,275 | |
| Accounts payable | (1,937) | (1,995) | |
| Accrued expenses | (1,685) | (3,164) | |
| Right-of-use assets and lease liabilities, net | 42 | (9) | |
| Net cash used in operating activities | (22,746) | (19,026) | |
| Investing activities: | |||
| Purchases of property and equipment | (48) | (85) | |
| Proceeds from disposal of property and equipment | 12 | - | |
| Purchases of short-term investments | - | (17,601) | |
| Maturities of short-term investments | 4,500 | 31,500 | |
| Net cash provided by investing activities | 4,464 | 13,814 | |
| Financing activities: | |||
| Proceeds from a private placement of common stock and pre-funded warrants, net of issuance costs | 27,909 | - | |
| Proceeds from exercise of stock options | 1,836 | 4 | |
| Proceeds from issuance of common stock under ATM facility, net of issuance costs | 682 | - | |
| Proceeds from issuance of common stock under employee stock purchase plan | - | 160 | |
| Net cash provided by financing activities | 30,427 | 164 | |
| Effect of exchange rate changes on cash and cash equivalents | 47 | (83) | |
| Net increase (decrease) in cash and cash equivalents | 12,192 | (5,131) | |
| Cash and cash equivalents at beginning of period | 18,085 | 23,216 | |
| Cash and cash equivalents at end of period | $30,277 | $18,085 | |
| Non-cash investing and financing activities: | |||
| Right-of-use assets obtained in exchange for lease obligations | $548 | $ | - |
| ATM facility issuance costs reclassed from other current assets | $392 | $ | - |
| Exercise of stock options issuance costs in accounts payable | $5 | $ | - |
| Supplemental cash flow information: | |||
| Cash paid for income taxes, net of refunds | $352 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.