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Relay Therapeutics Inc (RLAY) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · BIOTECHNOLOGY · DATA UPDATED 2026-08-23

Relay Therapeutics Inc (RLAY) operates in the BIOTECHNOLOGY industry and is headquartered in Cambridge, United States with about 202 employees. Its market capitalization is roughly $4 billion. In the fiscal year ended 2025-12-31, RLAY reported $15M in revenue and ($276M) in net income.

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.

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RLAY Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Revenue$10M$15M$10M$26M$1M$3M$83M$0M$0M
Gross Profit($60M)$12M($305M)($301M)($242M)($166M)$79M($3M)($2M)
Gross Margin %-600.0%76.8%-3052.2%-1177.6%-17496.3%-5492.2%95.7%
Operating Income (EBIT)($311M)($303M)($372M)($373M)($299M)($365M)($56M)($84M)($50M)
Operating Margin %-3110.0%-1971.6%-3722.1%-1460.1%-21670.9%-12040.2%-67.5%
Net Income($286M)($276M)($338M)($342M)($291M)($364M)($52M)($67M)($49M)
Net Margin %-2860.0%-1800.6%-3374.7%-1338.7%-21036.1%-12012.9%-63.4%
EBITDA($287M)($273M)($380M)($374M)($307M)($223M)($52M)($81M)($48M)
Earnings Per Share (EPS)$-1.57$-1.61$-2.36$-2.79$-2.59$-3.82$-0.58$-15.53$-19.63
Shares Outstanding (M)203M172M143M123M112M95M4M2M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RLAY Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$0M$3M$7M$0M$1M$8M$0M$0M
Gross Profit$0M$2M$6M($68M)($61M)$8M($64M)($77M)
Gross Margin %100.0%83.2%91.4%-8980.1%100.0%
Operating Income (EBIT)($91M)($79M)($61M)($80M)($77M)($85M)($85M)($96M)
Operating Margin %-25949.7%-2619.7%-866.2%-11351.1%-1105.2%
Net Income($84M)($73M)($55M)($74M)($70M)($77M)($76M)($88M)
Net Margin %-23916.3%-2443.0%-784.1%-10395.1%-1003.6%
EBITDA($83M)($73M)($58M)($73M)($69M)($76M)($75M)($87M)
Earnings Per Share (EPS)$-0.41$-0.41$-0.32$-0.43$-0.41$-0.46$-0.45$-0.63
Shares Outstanding (M)203M180M172M172M171M169M167M140M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RLAY Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash from Operations (CFO)($212M)($235M)($249M)($300M)($229M)($74M)($102M)($66M)($44M)
Capital Expenditures (CapEx)$0M$0M$2M$4M$9M$3M$2M$8M$2M
Free Cash Flow (FCF)($212M)($236M)($251M)($304M)($239M)($78M)($104M)($74M)($46M)
FCF Margin %-2120.0%-1536.1%-2509.5%-1191.7%-17273.9%-2571.1%-126.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RLAY Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($54M)($51M)($45M)($62M)($55M)($73M)($58M)($75M)
Capital Expenditures (CapEx)$0M$0M$0M$0M$0M$0M$0M$0M
Free Cash Flow (FCF)($54M)($51M)($45M)($62M)($55M)($74M)($58M)($75M)
FCF Margin %-15459.7%-1703.7%-640.9%-8166.5%-958.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RLAY Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Assets$967M$621M$871M$844M$1.1B$1.0B$800M$393M$429M
Cash & Cash Equivalents$121M$84M$124M$144M$152M$280M$448M$42M$422M
Total Liabilities$77M$54M$94M$92M$150M$111M$37M$574M$540M
Total Debt (Short + Long-Term)$4M$4M$6M$5M$4M$2M$2M$1M$0M
Total Shareholders' Equity$890M$567M$778M$752M$950M$898M$763M($180M)($111M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive RLAY viewer.

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