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Side-by-side financial comparison of Equillium, Inc. (EQ) and Infobird Co., Ltd (IFBD). Click either name above to swap in a different company.

Equillium, Inc. is the larger business by last-quarter revenue ($4.4M vs $3.4M, roughly 1.3× Infobird Co., Ltd). Infobird Co., Ltd runs the higher net margin — -46.7% vs -131.9%, a 85.2% gap on every dollar of revenue. On growth, Infobird Co., Ltd posted the faster year-over-year revenue change (17118.0% vs -52.3%).

Equillium, Inc. is a clinical-stage biotechnology company focused on developing novel therapies for severe autoimmune and inflammatory diseases with high unmet medical needs. It advances pipeline candidates targeting immune system dysregulation, primarily catering to patients and healthcare providers across the United States.

Infobird Co., Ltd. is a China-based technology firm specializing in AI-powered customer engagement and smart customer service solutions. It serves clients across e-commerce, finance, telecommunications, and internet service sectors, offering cloud-based SaaS tools, intelligent call center systems, and customized digital operation support to help enterprises boost service efficiency and customer satisfaction.

EQ vs IFBD — Head-to-Head

Bigger by revenue
EQ
EQ
1.3× larger
EQ
$4.4M
$3.4M
IFBD
Growing faster (revenue YoY)
IFBD
IFBD
+17170.3% gap
IFBD
17118.0%
-52.3%
EQ
Higher net margin
IFBD
IFBD
85.2% more per $
IFBD
-46.7%
-131.9%
EQ

Income Statement — Q4 FY2024 vs Q2 FY2025

Metric
EQ
EQ
IFBD
IFBD
Revenue
$4.4M
$3.4M
Net Profit
$-5.8M
$-1.6M
Gross Margin
37.2%
Operating Margin
-107.0%
-31.8%
Net Margin
-131.9%
-46.7%
Revenue YoY
-52.3%
17118.0%
Net Profit YoY
-147.4%
-98.1%
EPS (diluted)
$-0.16
$-0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EQ
EQ
IFBD
IFBD
Q2 25
$3.4M
Q4 24
$4.4M
Q3 24
$12.2M
Q2 24
$13.9M
Q1 24
$10.7M
Q4 23
$9.2M
Q3 23
$8.9M
Q2 23
$9.1M
Net Profit
EQ
EQ
IFBD
IFBD
Q2 25
$-1.6M
Q4 24
$-5.8M
Q3 24
$-7.0K
Q2 24
$468.0K
Q1 24
$-2.7M
Q4 23
$-2.3M
Q3 23
$-3.7M
Q2 23
$-3.3M
Gross Margin
EQ
EQ
IFBD
IFBD
Q2 25
37.2%
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Operating Margin
EQ
EQ
IFBD
IFBD
Q2 25
-31.8%
Q4 24
-107.0%
Q3 24
-5.6%
Q2 24
-0.7%
Q1 24
-26.1%
Q4 23
-34.7%
Q3 23
-40.8%
Q2 23
-39.4%
Net Margin
EQ
EQ
IFBD
IFBD
Q2 25
-46.7%
Q4 24
-131.9%
Q3 24
-0.1%
Q2 24
3.4%
Q1 24
-25.6%
Q4 23
-25.4%
Q3 23
-41.8%
Q2 23
-36.6%
EPS (diluted)
EQ
EQ
IFBD
IFBD
Q2 25
$-0.41
Q4 24
$-0.16
Q3 24
$0.00
Q2 24
$0.01
Q1 24
$-0.08
Q4 23
$-0.06
Q3 23
$-0.11
Q2 23
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EQ
EQ
IFBD
IFBD
Cash + ST InvestmentsLiquidity on hand
$18.1M
$698.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$19.1M
$66.7M
Total Assets
$25.6M
$72.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQ
EQ
IFBD
IFBD
Q2 25
$698.0K
Q4 24
$18.1M
Q3 24
$15.4M
Q2 24
$11.1M
Q1 24
$11.6M
Q4 23
$23.2M
Q3 23
$34.4M
Q2 23
$25.6M
Stockholders' Equity
EQ
EQ
IFBD
IFBD
Q2 25
$66.7M
Q4 24
$19.1M
Q3 24
$23.2M
Q2 24
$22.4M
Q1 24
$21.1M
Q4 23
$22.6M
Q3 23
$24.1M
Q2 23
$27.0M
Total Assets
EQ
EQ
IFBD
IFBD
Q2 25
$72.4M
Q4 24
$25.6M
Q3 24
$34.5M
Q2 24
$42.9M
Q1 24
$43.6M
Q4 23
$50.5M
Q3 23
$55.2M
Q2 23
$58.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EQ
EQ
IFBD
IFBD
Operating Cash FlowLast quarter
$-3.3M
$1.1M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-75.2%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQ
EQ
IFBD
IFBD
Q2 25
$1.1M
Q4 24
$-3.3M
Q3 24
$-7.7M
Q2 24
$730.0K
Q1 24
$-8.8M
Q4 23
$-5.7M
Q3 23
$-1.9M
Q2 23
$-6.2M
Free Cash Flow
EQ
EQ
IFBD
IFBD
Q2 25
Q4 24
$-3.3M
Q3 24
Q2 24
$668.0K
Q1 24
$-8.8M
Q4 23
Q3 23
Q2 23
FCF Margin
EQ
EQ
IFBD
IFBD
Q2 25
Q4 24
-75.2%
Q3 24
Q2 24
4.8%
Q1 24
-82.5%
Q4 23
Q3 23
Q2 23
Capex Intensity
EQ
EQ
IFBD
IFBD
Q2 25
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
0.2%
Q4 23
Q3 23
Q2 23
Cash Conversion
EQ
EQ
IFBD
IFBD
Q2 25
Q4 24
Q3 24
Q2 24
1.56×
Q1 24
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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