Relay Therapeutics, Inc. RLAY R2K
Relay Therapeutics, Inc. operates as a clinical-stage precision medicines company. It transforms the drug discovery process with a focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-2608, a pan-mutant and isoform-selective phosphoinostide 3 kinase alpha, or PI3Ka, inhibitor that is in clinical development for the treatment of breast cancer, solid tumor, and vascular malformations; and aGal chaperone for Fabry diseases. It also develops RLY-8161, an oncogene driver that belongs to the RAS family of signaling proteins. In addition, the company develops lirafugratinib (RLY-4008), a receptor tyrosine kinase for the treatment of cancer. It has collaboration and license agreements with D. E. Shaw Research, LLC to research certain biological targets through the use of D. E. Shaw Research computational modeling capabilities focused on analysis of protein motion to develop and commercialize compounds and products directed to such targets; Elevar Therapeutics, Inc. for the development and commercialization of RLY-4008; and Pfizer Inc. for the development of RLY-2608 in combination with fulvestrant and atirmociclib. The company was formerly known as Allostery, Inc. and changed its name to Relay Therapeutics, Inc. in December 2015. Relay Therapeutics, Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 123.2% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RLAY Relay Therapeutics, Inc. R2K | 14.05 | - | $3.06B | - | -50.82% | -40.01% | 123.20% | 1.61% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 952.00K | 844.00K | 666.00K | 419.00K | 365.00K | 344.00K | 226.00K | 119.00K | 25.20M | 10.01M | 0 | 0 | - | 7.68M | 677.00K | 0 | 7.00M | 3.00M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92.55M | 77.52M | 80.39M | 67.63M | 81.59M |
| Operating Income | - | -19.91M | -21.91M | -26.46M | -27.72M | -36.61M | -42.41M | -193.58M | -60.99M | -62.72M | -77.81M | -85.89M | -101.18M | -106.05M | -73.58M | -90.36M | -100.76M | -96.37M | - | -84.87M | -76.85M | -80.39M | -60.63M | -78.59M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -83.66M | -75.84M | -79.64M | -60.03M | -78.09M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -77.06M | -70.38M | -74.15M | -54.89M | -73.29M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -14.18M | -17.54M | -19.67M | -24.89M | -26.72M | -36.08M | -42.18M | -193.40M | -60.83M | -62.05M | -76.79M | -84.17M | -94.24M | -98.50M | -65.73M | -81.39M | -92.21M | -88.11M | - | -77.06M | -70.38M | -74.15M | -54.89M | -73.29M |
| Diluted EPS | - | - | - | - | - | - | - | - | -0.66 | -0.57 | -0.71 | -0.76 | -0.78 | -0.81 | -0.54 | -0.62 | -0.69 | -0.63 | - | -0.46 | -0.41 | -0.43 | -0.32 | -0.41 |
| R&D Expense | - | 16.40M | 18.26M | 21.70M | 21.67M | 24.38M | 30.62M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | - | 82.65M | - | 1.38M | 25.55M | 10.01M | 15.36M |
| Cost of Revenue | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | 312.33M | 404.97M | 395.68M | 318.09M |
| Operating Income | -84.05M | -55.80M | - | -310.95M | -379.42M | -385.67M | -302.74M |
| EBITDA | - | - | - | -306.82M | -374.15M | -380.21M | -299.18M |
| Interest Expense | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | -290.51M | -341.97M | -337.71M | -276.48M |
| Tax Provision | - | - | - | - | - | - | - |
| Net Income | -75.31M | -52.41M | - | -290.51M | -341.97M | -337.71M | -276.48M |
| Diluted EPS | - | -5.40 | -3.82 | -2.59 | -2.79 | -2.36 | - |
| R&D Expense | 70.31M | 99.86M | - | - | - | - | - |
Compounded Sales Growth
| 5 Years: | 123.20% |
| 1 Year: | -60.90% |
Compounded Profit Growth
| 5 Years: | 1.61% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +368.33% |
| 6 Months: | +74.53% |
| 3 Months: | +36.94% |
| 1 Month: | +11.77% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 393.07M | 799.83M | - | 1.10B | 843.98M | 871.30M | 621.33M |
| Current Assets | - | - | - | - | 1.02B | 770.10M | 809.20M | 578.28M |
| Cash & Equivalents | - | 41.95M | 447.65M | - | 151.79M | 143.74M | 124.29M | 84.02M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | 403.00K | 306.00K | 0 | - | - |
| Total Liabilities | - | 35.73M | 36.54M | - | 149.55M | 91.98M | 93.50M | 54.27M |
| Current Liabilities | - | 11.99M | 13.63M | - | 63.71M | 30.27M | 50.73M | 25.58M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 57.74M | 53.47M | 48.50M | 32.46M |
| Total Equity | -110.93M | -180.44M | 763.29M | - | 950.22M | 752.00M | 777.79M | 567.06M |
| Shares Outstanding | - | - | - | - | 121.11M | 127.46M | 167.76M | 173.87M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -66.13M | -102.49M | - | -229.49M | -300.32M | -249.11M | -235.46M |
| Investing Cash Flow | -319.02M | 81.67M | - | -188.75M | 257.63M | -41.08M | 192.80M |
| Financing Cash Flow | 5.61M | 426.51M | - | 289.91M | 34.75M | 270.15M | 1.60M |
| Capital Expenditure | -8.00M | -1.93M | - | -9.06M | -4.13M | -2.02M | -410.00K |
| Free Cash Flow | -74.14M | -104.42M | - | -238.55M | -304.44M | -251.12M | -235.87M |
| Net Change in Cash | - | - | - | -128.32M | -7.93M | -20.04M | -41.05M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - |
| Operating Margin % | - | -67.5% | - | -22,516.4% | -1,485.3% | -3,854.0% | -1,971.6% |
| Net Margin % | - | -63.4% | - | -21,036.1% | -1,338.7% | -3,374.7% | -1,800.6% |
| ROE % | 41.7% | -6.9% | - | -30.6% | -45.5% | -43.4% | -48.8% |
| ROCE % | -22.1% | -7.1% | - | -30.0% | -46.6% | -47.0% | -50.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | SB Investment Advisers (UK) LTD | 14.57% | 27.90M | $392.06M |
| 2 | Commodore Capital Lp | 8.87% | 17.00M | $238.85M |
| 3 | Casdin Capital, LLC | 7.53% | 14.42M | $202.58M |
| 4 | Blackrock Inc. | 6.77% | 12.98M | $182.30M |
| 5 | Perceptive Advisors Llc | 5.09% | 9.75M | $137.00M |
| 6 | Bellevue Group AG | 4.07% | 7.80M | $109.52M |
| 7 | Vanguard Capital Management LLC | 3.86% | 7.39M | $103.79M |
| 8 | State Street Corporation | 3.25% | 6.23M | $87.58M |
| 9 | Nextech Invest, Ltd. | 2.88% | 5.53M | $77.65M |
| 10 | TCG Crossover Management, LLC | 2.23% | 4.27M | $60.04M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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