Equillium, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-4.7M | $-5.3M | $-3.8M | $-4.2M | $-5.7M | $-8.7M | $-5.8M | $-7.0K |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $26.0K | $24.0K | $23.0K | $28.0K | $32.0K | $33.0K | $35.0K | $35.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.1M | $930.0K | $737.0K | $401.0K | $563.0K | $621.0K | $821.0K | $1.0M |
| Net Cash from Operating Activities | $-4.1M | $-4.3M | $-3.1M | $-8.4M | $-3.0M | $-8.2M | $-3.3M | $-7.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $71.0K | $3.0K | $44.0K | $0 | $0 | $4.0K | $4.0K | $0 |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-71.0K | $-3.0K | $-32.0K | $0 | $0 | $4.5M | $6.0M | $12.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $42.0K | $35.3M | $283.0K | $30.1M | $-16.0K | $91.0K | — | — |
| Net Change in Cash | $-4.2M | $31.0M | $-2.8M | $21.6M | $-3.0M | $-3.6M | $2.6M | $4.4M |
| Free Cash Flow | $-4.2M | $-4.3M | $-3.2M | $-8.4M | $-3.0M | $-8.2M | $-3.3M | $-7.7M |