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Side-by-side financial comparison of Equillium, Inc. (EQ) and Rocky Mountain Chocolate Factory, Inc. (RMCF). Click either name above to swap in a different company.

Rocky Mountain Chocolate Factory, Inc. is the larger business by last-quarter revenue ($7.5M vs $4.4M, roughly 1.7× Equillium, Inc.). Rocky Mountain Chocolate Factory, Inc. runs the higher net margin — -2.1% vs -131.9%, a 129.9% gap on every dollar of revenue. On growth, Rocky Mountain Chocolate Factory, Inc. posted the faster year-over-year revenue change (-4.4% vs -52.3%). Rocky Mountain Chocolate Factory, Inc. produced more free cash flow last quarter ($-1.3M vs $-3.3M). Over the past eight quarters, Rocky Mountain Chocolate Factory, Inc.'s revenue compounded faster (1.9% CAGR vs -29.7%).

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.

Rocky Mountain Chocolate, formerly Rocky Mountain Chocolate Factory, Inc., is an international franchiser, confectionery manufacturer and retail operator in the United States, with outlets in Panama and the Philippines. The company is based in the town of Durango, Colorado, United States of America.

EQ vs RMCF — Head-to-Head

Bigger by revenue
RMCF
RMCF
1.7× larger
RMCF
$7.5M
$4.4M
EQ
Growing faster (revenue YoY)
RMCF
RMCF
+47.9% gap
RMCF
-4.4%
-52.3%
EQ
Higher net margin
RMCF
RMCF
129.9% more per $
RMCF
-2.1%
-131.9%
EQ
More free cash flow
RMCF
RMCF
$2.0M more FCF
RMCF
$-1.3M
$-3.3M
EQ
Faster 2-yr revenue CAGR
RMCF
RMCF
Annualised
RMCF
1.9%
-29.7%
EQ

Income Statement — Q4 FY2024 vs Q3 FY2026

Metric
EQ
EQ
RMCF
RMCF
Revenue
$4.4M
$7.5M
Net Profit
$-5.8M
$-155.0K
Gross Margin
34.0%
Operating Margin
-107.0%
1.1%
Net Margin
-131.9%
-2.1%
Revenue YoY
-52.3%
-4.4%
Net Profit YoY
-147.4%
81.7%
EPS (diluted)
$-0.16
$-0.02

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
RMCF
RMCF
Q4 25
$7.5M
Q3 25
$6.8M
Q2 25
$6.4M
Q1 25
$8.9M
Q4 24
$4.4M
$7.9M
Q3 24
$12.2M
$6.4M
Q2 24
$13.9M
$6.4M
Q1 24
$10.7M
$7.3M
Net Profit
EQ
EQ
RMCF
RMCF
Q4 25
$-155.0K
Q3 25
$-662.0K
Q2 25
$-324.0K
Q1 25
$-2.9M
Q4 24
$-5.8M
$-847.0K
Q3 24
$-7.0K
$-722.0K
Q2 24
$468.0K
$-1.7M
Q1 24
$-2.7M
$-1.6M
Gross Margin
EQ
EQ
RMCF
RMCF
Q4 25
34.0%
Q3 25
23.6%
Q2 25
31.1%
Q1 25
10.8%
Q4 24
23.4%
Q3 24
31.8%
Q2 24
12.8%
Q1 24
24.3%
Operating Margin
EQ
EQ
RMCF
RMCF
Q4 25
1.1%
Q3 25
-7.0%
Q2 25
-2.3%
Q1 25
-30.3%
Q4 24
-107.0%
-8.9%
Q3 24
-5.6%
-14.3%
Q2 24
-0.7%
-25.4%
Q1 24
-26.1%
-21.7%
Net Margin
EQ
EQ
RMCF
RMCF
Q4 25
-2.1%
Q3 25
-9.7%
Q2 25
-5.1%
Q1 25
-32.5%
Q4 24
-131.9%
-10.7%
Q3 24
-0.1%
-11.3%
Q2 24
3.4%
-25.9%
Q1 24
-25.6%
-21.9%
EPS (diluted)
EQ
EQ
RMCF
RMCF
Q4 25
$-0.02
Q3 25
$-0.09
Q2 25
$-0.04
Q1 25
$-0.38
Q4 24
$-0.16
$-0.11
Q3 24
$0.00
$-0.11
Q2 24
$0.01
$-0.26
Q1 24
$-0.08
$-0.25

Balance Sheet & Financial Strength

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

Metric
EQ
EQ
RMCF
RMCF
Cash + ST InvestmentsLiquidity on hand
$18.1M
$641.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$19.1M
$6.0M
Total Assets
$25.6M
$20.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQ
EQ
RMCF
RMCF
Q4 25
$641.0K
Q3 25
$2.0M
Q2 25
$893.0K
Q1 25
$720.0K
Q4 24
$18.1M
$1.1M
Q3 24
$15.4M
$973.0K
Q2 24
$11.1M
$637.0K
Q1 24
$11.6M
$2.1M
Stockholders' Equity
EQ
EQ
RMCF
RMCF
Q4 25
$6.0M
Q3 25
$6.1M
Q2 25
$6.7M
Q1 25
$7.0M
Q4 24
$19.1M
$9.8M
Q3 24
$23.2M
$10.5M
Q2 24
$22.4M
$9.0M
Q1 24
$21.1M
$10.6M
Total Assets
EQ
EQ
RMCF
RMCF
Q4 25
$20.7M
Q3 25
$22.3M
Q2 25
$20.1M
Q1 25
$21.2M
Q4 24
$25.6M
$21.6M
Q3 24
$34.5M
$21.1M
Q2 24
$42.9M
$19.0M
Q1 24
$43.6M
$20.6M

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
RMCF
RMCF
Operating Cash FlowLast quarter
$-3.3M
$-1.2M
Free Cash FlowOCF − Capex
$-3.3M
$-1.3M
FCF MarginFCF / Revenue
-75.2%
-16.9%
Capex IntensityCapex / Revenue
0.1%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQ
EQ
RMCF
RMCF
Q4 25
$-1.2M
Q3 25
$-488.0K
Q2 25
$350.0K
Q1 25
$1.2M
Q4 24
$-3.3M
$-2.1M
Q3 24
$-7.7M
$-3.5M
Q2 24
$730.0K
$-2.2M
Q1 24
$-8.8M
$129.0K
Free Cash Flow
EQ
EQ
RMCF
RMCF
Q4 25
$-1.3M
Q3 25
$-544.0K
Q2 25
$182.0K
Q1 25
Q4 24
$-3.3M
Q3 24
$-4.6M
Q2 24
$668.0K
$-2.6M
Q1 24
$-8.8M
$-352.3K
FCF Margin
EQ
EQ
RMCF
RMCF
Q4 25
-16.9%
Q3 25
-8.0%
Q2 25
2.9%
Q1 25
Q4 24
-75.2%
Q3 24
-72.6%
Q2 24
4.8%
-40.2%
Q1 24
-82.5%
-4.9%
Capex Intensity
EQ
EQ
RMCF
RMCF
Q4 25
0.5%
Q3 25
0.8%
Q2 25
2.6%
Q1 25
Q4 24
0.1%
Q3 24
0.0%
17.5%
Q2 24
0.4%
6.5%
Q1 24
0.2%
6.6%
Cash Conversion
EQ
EQ
RMCF
RMCF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.56×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQ
EQ

Segment breakdown not available.

RMCF
RMCF

Manufacturing$5.9M78%
Transferred At Point In Time$1.2M16%
Other$414.0K5%

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