Filing Flows › Equillium (EQ) › Q4 2024
Equillium (EQ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Equillium (EQ) reported revenue of $4.4M for the fourth quarter 2024 (Q4 2024), -52% from a year earlier and -64% from the quarter before. Operating margin was -107.0%, net loss $5.8M (131.9% of revenue).
Equillium, Q4 2024: revenue $4.4M (-52% year over year), operating margin -107.0%, net loss $5.8M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4M | -64% | -52% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$5.8M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $4.4M in Q4 2024, down 52% year over year and down 64% from the previous quarter.
Operating costs exceeded revenue by $4.7M, an operating margin of -107.0%. Total costs fell 27% while revenue fell 52%. The quarter ended with a net loss of $5.8M, wider than the previous quarter's $7K loss.
Operating cash flow was −$3.3M. Non-cash charges added back $35K of depreciation and $821K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Equillium's revenue in the fourth quarter 2024?
Equillium (EQ) reported revenue of $4.4M for the fourth quarter 2024 (Q4 2024), -52% from a year earlier and -64% from the quarter before.
Was Equillium profitable in the fourth quarter 2024?
Operating loss was $4.7M (-107.0% of revenue) and net loss $5.8M.
Source: Equillium 10-K on SEC EDGAR.