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54 /100
HIGH RISK
Score updated Oct 13, 2026

EQ — Equillium, Inc. Dilution Risk Tracker

Track EQ dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Equillium, Inc. (EQ) has a DilutionWatch DilutionScore of 54/100, rated HIGH dilution risk. Equillium, Inc. has a market capitalization of $95.11M, 63.41M shares outstanding, 51 institutional holders tracked. Stored dilution-related fields include shelf registration capacity of $35.00M, 17.70M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
56
💰 Cash Runway
25
📊 Float Risk
60
⚠️ Warrant Exposure
70
🔄 Convertible Debt
35

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 29%
📜 Warrant Exercise model 40%
• Significant warrants: 28% of shares outstanding
• Elevated warrant risk score (70/100)
💰 Capital Raise model 20%
• Active shelf registration ($35M, 37% of market cap)
🔄 Reverse Split model est. 15%
• 52-week low $0.27 has breached $1
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Market Data

Market Cap$95.11M
Shares Outstanding63.41M
Float31.50M
Cash$57.16M
Debt$7.55M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore54/100DilutionWatch score record
Shares Outstanding63.41MVerified float table or market cache
Public Float31.50MVerified float table or market cache
Market Cap$95.11MMarket data cache
Cash Runway23.4 monthsDilutionWatch score inputs
Shelf Capacity$35.00MSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants17.70MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 5, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 23.4% shares (2026Q1 vs prior)
51 institutional holders · 52.47M shares
#1 JANUS HENDERSON GROUP PLC 12.99M shares
#2 Woodline Partners LP 7.00M shares
#3 ADAGE CAPITAL PARTNERS GP, L.L.C. 5.33M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest5.54M
Days to Cover6.0
% of Float17.6%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2020-03-26
4 INSIDER TRANSACTION 2026-06-05
4 INSIDER TRANSACTION 2026-06-05
4 INSIDER TRANSACTION 2026-05-29
4 INSIDER TRANSACTION 2026-05-29
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual EQ Dilution Snapshot

Equillium, Inc. (EQ) has a DilutionScore of 54/100, rated High dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

EQ's DilutionScore is currently 54/100 (High risk), with 4 score changes tracked over 89 days. The score improved from 52/100 (High risk).

Period Score Risk Level Duration
Oct 11 – Oct 13, 202654/100HIGH3 days
Sep 06 – Oct 10, 202652/100HIGH35 days
Aug 22 – Sep 05, 202664/100HIGH15 days
Aug 14 – Aug 21, 202660/100HIGH7 days
Jul 16 – Aug 13, 202653/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

EQ shares outstanding have increased 3.8% from 60.89M (Mar 2026) to 63.23M (Apr 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
Apr 01, 202663.23M31.50M▲ 1.91%
Mar 27, 202663.23M30.91M▲ 3.83%
Mar 19, 202660.89M29.77M▲ 2.17%
Mar 13, 202660.89M29.14M▲ 0.34%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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