Relay Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-04T02:29:28Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -235.87M | -251.13M | -304.44M | -238.55M | -77.88M | -104.42M |
| EBITDA | -299.18M | -367.00M | -367.73M | -295.14M | -360.77M | -52.25M |
| Working Capital | 552.70M | 758.48M | 739.83M | 955.80M | 951.92M | 756.47M |
| Net Debt | -51.56M | -75.78M | -90.27M | -94.05M | -257.22M | -423.22M |
| Operating Margin | -1971.59% | -3722.07% | -1460.11% | -21670.89% | -12040.21% | -67.51% |
| Net Margin | -1800.58% | -3374.72% | -1338.66% | -21036.13% | -12012.94% | -63.41% |
| Return on Equity (ROE) | -48.76% | -43.42% | -45.48% | -30.57% | -40.53% | -6.87% |
| Return on Assets (ROA) | -44.50% | -38.76% | -40.52% | -26.42% | -36.08% | -6.55% |
| Current Ratio | 22.61× | 15.95× | 25.44× | 16.00× | 40.14× | 56.49× |
| Debt-to-Equity | 0.06× | 0.06× | 0.07× | 0.06× | 0.03× | 0.03× |
| Cash Conversion Ratio | 0.85× | 0.74× | 0.88× | 0.79× | 0.20× | 1.96× |
| Accruals Ratio | -0.07× | -0.10× | -0.05× | -0.06× | -0.29× | 0.06× |
| SBC % of Revenue | 406.51% | 940.73% | 336.77% | 4065.03% | 1599.67% | 38.67% |
| CapEx Coverage | -574.28× | -123.44× | -72.79× | -25.32× | -21.44× | -53.08× |
| Free Cash Flow Per Share | $-1.37 | $-1.75 | $-2.48 | $-2.13 | $-0.82 | $-2.45 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 15.36M | 10.01M | 25.55M | 1.38M | 3.03M | 82.65M |
| Revenues | 15.36M | 10.01M | 25.55M | 1.38M | 3.03M | 82.65M |
| Research and Development Expense | — | — | — | — | — | 99.86M |
| Operating Expenses | 318.09M | 382.48M | 398.55M | 300.66M | 367.73M | 138.45M |
| Operating Income (Loss) | -302.74M | -372.47M | -373.00M | -299.27M | -364.70M | -55.80M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -276.48M | -337.71M | -341.97M | -290.51M | -363.87M | -52.41M |
| Earnings Per Share, Basic | $-1.61 | $-2.36 | $-2.79 | $-2.59 | $-3.82 | $-5.40 |
| Weighted Average Number of Shares Outstanding, Basic | 171.59M | 142.87M | 122.58M | 112.23M | 95.14M | 42.62M |
| Earnings Per Share, Diluted | $-1.61 | $-2.36 | $-2.79 | $-2.59 | $-3.82 | $-5.40 |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | 112.23M | 95.14M | 42.62M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 84.02M | 124.29M | 143.74M | 151.79M | 280.12M | 447.65M |
| Assets, Current | 578.28M | 809.20M | 770.10M | 1.02B | 976.24M | 770.10M |
| Assets | 621.33M | 871.30M | 843.98M | 1.10B | 1.01B | 799.83M |
| Liabilities, Current | 25.58M | 50.73M | 30.27M | 63.71M | 24.32M | 13.63M |
| Liabilities | 54.27M | 93.50M | 91.98M | 149.55M | 110.64M | 36.54M |
| Stockholders' Equity Attributable to Parent | 567.06M | 777.79M | 752.00M | 950.22M | 897.81M | 763.29M |
| Common Stock, Shares, Outstanding | 173.87M | 167.76M | 127.46M | 121.11M | 108.21M | 89.91M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -235.46M | -249.11M | -300.32M | -229.49M | -74.41M | -102.49M |
| Payments to Acquire Property, Plant, and Equipment | 410.00K | 2.02M | 4.13M | 9.06M | 3.47M | 1.93M |
| Net Cash Provided by (Used in) Investing Activities | 192.80M | -41.08M | 257.63M | -188.75M | -479.51M | 81.67M |
| Net Cash Provided by (Used in) Financing Activities | 1.60M | 270.15M | 34.75M | 289.91M | 388.09M | 426.51M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -44.87M | -191.00M | -128.88M | -73.59M | -57.87M |
| EBITDA | -78.09M | -60.03M | — | — | -83.66M | -83.64M |
| Working Capital | 628.71M | 552.70M | 591.41M | 647.87M | 702.61M | 758.48M |
| Net Debt | -173.02M | -51.56M | -58.23M | -79.76M | -46.38M | -75.78M |
| Operating Margin | -2619.67% | -866.14% | — | -11351.11% | -1105.21% | — |
| Net Margin | -2443.03% | -784.14% | — | -10395.13% | -1003.58% | — |
| Return on Equity (ROE) | -11.41% | -9.68% | -12.20% | -10.57% | -10.69% | -9.77% |
| Return on Assets (ROA) | -10.48% | -8.83% | -11.07% | -9.66% | -9.64% | -8.72% |
| Current Ratio | 22.13× | 22.61× | 19.14× | 20.92× | 19.96× | 15.95× |
| Debt-to-Equity | 0.05× | 0.06× | 0.05× | 0.05× | 0.07× | 0.06× |
| Cash Conversion Ratio | 0.70× | 0.82× | 2.57× | 1.83× | 0.95× | 0.76× |
| Accruals Ratio | -0.03× | -0.02× | 0.17× | 0.08× | -0.00× | -0.02× |
| SBC % of Revenue | 351.23% | 186.67% | — | 4996.31% | 251.66% | — |
| CapEx Coverage | — | -44865.00× | -465.99× | -313.34× | -190.65× | — |
| Free Cash Flow Per Share | — | $-0.25 | $-1.11 | $-0.75 | $-0.44 | $-0.32 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 3.00M | 7.00M | 0 | 677.00K | 7.68M | 0 |
| Revenues | 3.00M | 7.00M | 0 | 677.00K | 7.68M | 0 |
| Operating Expenses | 81.59M | 67.63M | 80.39M | 77.52M | 92.55M | 84.98M |
| Operating Income (Loss) | -78.59M | -60.63M | -80.39M | -76.85M | -84.87M | -84.98M |
| Net Income (Loss) Attributable to Parent | -73.29M | -54.89M | -74.15M | -70.38M | -77.06M | -76.00M |
| Earnings Per Share, Basic | $-0.41 | $-0.31 | $-0.43 | $-0.41 | $-0.46 | $-0.42 |
| Weighted Average Number of Shares Outstanding, Basic | 179.85M | 171.59M | 172.39M | 171.26M | 169.23M | 142.87M |
| Earnings Per Share, Diluted | $-0.41 | $-0.31 | $-0.43 | $-0.41 | $-0.46 | $-0.42 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 204.59M | 84.02M | 91.56M | 113.94M | 93.54M | 124.29M |
| Assets, Current | 658.46M | 578.28M | 624.01M | 680.39M | 739.66M | 809.20M |
| Assets | 699.61M | 621.33M | 670.00M | 728.84M | 799.36M | 871.30M |
| Liabilities, Current | 29.75M | 25.58M | 32.60M | 32.52M | 37.05M | 50.73M |
| Liabilities | 57.43M | 54.27M | 62.29M | 63.18M | 78.28M | 93.50M |
| Stockholders' Equity Attributable to Parent | 642.18M | 567.06M | 607.71M | 665.66M | 721.08M | 777.79M |
| Common Stock, Shares, Outstanding | 189.21M | 173.87M | 172.63M | 171.69M | 170.48M | 167.76M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -51.11M | -44.87M | -190.59M | -128.47M | -73.21M | -57.87M |
| Payments to Acquire Property, Plant, and Equipment | — | 1.00K | 409.00K | 410.00K | 384.00K | 0 |
| Net Cash Provided by (Used in) Investing Activities | 32.90M | 35.46M | 157.34M | 117.61M | 42.47M | 29.00M |
| Net Cash Provided by (Used in) Financing Activities | 138.78M | 934.00K | 670.00K | 653.00K | — | 800.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RLAY CIK 0001812364),
grouped by financial statement using FASB's base
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concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.