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MARKETS / NASDAQ / RLAY
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
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
40M80M-200M2019202020212022202320242025
Compound annual growth
+123.2%
−28.6%
3 yrs
5 yrs
10 yrs
15 yrs

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

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
−1801 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1971.6% · Net -1800.6%
-10000%-20000%2019202020212022202320242025
ROE
FY2025 · ROE -41.1%
-20%-40%2019202020212022202320242025

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
-200M2019202020212022202320242025

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
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 %·······
ROE %−41.1−44.2−40.2−31.4−43.8−18.0·
Shares out B0.170.170.130.120.110.090.00

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

Provenance
Company facts, as filed
How we verify · 1 failures in 28 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 48 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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