Home / Going-concern warnings / Equillium, Inc.

3/5Equillium, Inc. (EQ): Going-concern doubt

Filed 2025-05-14 路 Form 10-Q 路 Accession 0000950170-25-071389 nano

Market data

Price before filing: $0.3821 (2025-05-13 close, split/dividend-adjusted)
Market cap at flag: $13.3M (2025-05-14) 路 Latest: $133.0M (2026-10-16)

What happened next

WindowEQSPYvs SPY
30 days-9.2%+1.7%-10.9%2025-06-13
90 days+144.5%+9.8%+134.6%2025-08-12
180 days+153.4%+16.8%+136.6%2025-11-10

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"As a result, there is substantial doubt about our ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-03-31)

Why this score: quarterly (unaudited) disclosure

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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