
Relay Therapeutics, Inc.
NASDAQ•RLAY
CEO: Mr. Alexis A. Borisy A.M.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2020-07-16
Relay Therapeutics, Inc. operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for patients with advanced or metastatic FGFR2-altered solid tumors; RLY-2608, a lead mutant-PI3Ka inhibitor program that targets phosphoinostide 3 kinase alpha; and Migoprotafib (GDC-1971), an oral, small molecule, potent and selective inhibitor of the protein tyrosine phosphatase SHP2 that binds and stabilizes Src homology region 2 domain-containing phosphatase-2 (SHP2) as a monotherapy in patients with advanced or metastatic solid tumors. In addition, 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; and Genentech, Inc. for the development and commercialization of GDC-1971. 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.
Contact Information
Market Cap
$1.27B
P/E (TTM)
-4.3
38.2
Dividend Yield
--
52W High
$9.04
52W Low
$1.78
52W Range
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025
Financial Dashboard
Q3 2025 Data
Revenue
$0.00+0.00%
4-Quarter Trend
EPS
-$0.43-31.75%
4-Quarter Trend
FCF
-$62.12M-17.52%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Net Loss Significantly Reduced Nine months net loss narrowed to $(221.6) M from $(261.7) M, reflecting improved operational efficiency and expense control.
Operating Expenses Streamlined R&D expenses fell $45.0 M to $206.0 M; G&A expenses dropped $15.2 M for the nine months period ended September 30.
Strong Cash Position Maintained Cash, equivalents, and investments total $596.4 M, expected to fund operations and capital needs into 2029.
Lead Candidate Advances Trials Lead candidate RLY-2608 initiated global Phase 3 ReDiscover-2 Trial for PI3Ka-mutated, HR+/HER2- advanced breast cancer patients.
Risk Factors
Future Capital Requirements Substantial additional funding needed; failure to raise capital may force delay, reduction, or elimination of development programs.
Clinical Trial Uncertainty Never completed large-scale pivotal trials; clinical outcomes are uncertain and positive early data is not predictive of success.
Intellectual Property Protection Commercial success depends on maintaining broad patent protection; litigation risk exists regarding owned and licensed IP assets.
Third-Party Reliance Risks Heavy reliance on third parties for clinical trials and manufacturing; failure to perform could substantially harm approval timeline.
Outlook
Advance Key Product Candidates Focus remains on advancing RLY-2608 through Phase 3 and progressing RLY-8161 for NRAS-mutated solid tumors.
Secure Future Financing Expect to finance operations through public/private equity or debt financings until substantial product revenue is generated.
Operational Realignment Complete Strategic choices made to streamline research organization throughout 2024 and 2025 are expected to yield cost savings.
Facility Consolidation Complete Terminated 399 Binney lease and executed new lease for 300 OKS; impairment charge recorded for assembled workforce asset.
Peer Comparison
Revenue (TTM)
$167.36M
$66.50M
$62.60M
Gross Margin (Latest Quarter)
100.0%
100.0%
100.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PRAX | $6.71B | -25.5 | -66.9% | 0.1% |
| TNGX | $1.44B | -14.4 | -60.8% | 16.5% |
| OCS | $1.32B | -10.2 | -81.7% | 1.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 25, 2026
EPS:-$0.38
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $0.00+0.0%|EPS: $-0.43-31.7%N/AForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $677.00K+0.0%|EPS: $-0.41-40.6%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 5, 2025|Revenue: $7.68M-23.3%|EPS: $-0.46-25.8%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $10.01M-60.8%|EPS: $-2.36+15.4%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $0.00-100.0%|EPS: $-0.63+16.7%N/AForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 6, 2024|Revenue: $0.00-100.0%|EPS: $-0.69-14.8%N/AForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 2, 2024|Revenue: $10.01M+4327.9%|EPS: $-0.62-13.9%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 22, 2024|Revenue: $25.55M+1749.8%|EPS: $-2.79-7.7%Miss