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NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · LARGE CAP

Relay Therapeutics, Inc. RLAY

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$15.4M
▲ 53.4% YoY
$-276.5M
$-235.9M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are advancing a pipeline of medicine candidates to address targets in precision oncology and genetic disease, including zovegalisib (RLY-2608), our lead product candidate discussed below. Our mission is to leverage unique insights into protein motion to transform the lives of patients suffering from debilitating and life-threatening diseases through the discovery, development and commercialization of small molecule therapies. We were incorporated under the laws of the State of Delaware on May 4, 2015 under the name Allostery, Inc. In December 2015, we changed our name to Relay Therapeutics, Inc.

Written from the business description in Relay Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 15.4M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 15.4 · Net income -276.5
30M60M-150M-300M
201920222025
Compound annual growth
+123.2%
−28.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −28.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2025 · Operating -1971.6% · Net ·
-10000%-20000%
201920222025
ROE
FY2025 · ROE -41.1%
-20%-40%
201920222025
Three returns, three denominators.

Each USD of equity lost 41 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -235.9
-150M-300M
201920222025

Total assetsUSD 621.3M
EquityUSD 567.1M
CashUSD 84.0M
Current ratio22.61×

Equity funds 91% of total assets.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
RLAY, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B0.00.00.00.00.00.1◌
Operating income $B−0.3−0.4−0.4−0.3−0.4−0.1−0.1
EBITDA $B−0.3−0.4−0.4−0.3−0.4−0.1−0.1
Income tax $B0.00.00.00.00.00.00.0
Net income $B−0.3−0.3−0.3−0.3−0.4−0.1−0.1
Free cash flow $B−0.2−0.3−0.3−0.2−0.1−0.1−0.1
EPS, diluted $−1.61−2.36−2.79−2.59−3.82−5.40−21.82
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %−41.1−44.2−40.2−31.4−43.8——
Shares out B0.170.170.130.120.110.090.00

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 1 failure in 28 reconciliationsAUDITED

Reconciled in 6 of the 7 fiscal years we could check. 24 checks were skipped: the balance sheet is not tagged before 2019. 12 checks were skipped: EPS is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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