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Relay Therapeutics, Inc. (RLAY) 10-Year Financial Performance & Capital Metrics

RLAY • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsSolid Tumor Oncology
AboutRelay 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 RLY-1971, an oral small molecule inhibitor of protein tyrosine phosphatase Src homology region 2 domain-containing phosphatase-2 that is in Phase 1 trial in patients with advanced solid tumors. 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 RLY-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.Show more
  • Revenue $10M -60.8%
  • EBITDA -$367M +0.2%
  • Net Income -$338M +1.2%
  • EPS (Diluted) -2.36 +15.4%
  • Gross Margin 100%
  • EBITDA Margin -3667.47% -154.8%
  • Operating Margin -3722.07% -154.9%
  • Net Margin -3374.72% -152.1%
  • ROE -44.15% -9.9%
  • ROIC -40.97% +50.9%
  • Debt/Equity 0.06 -12.3%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 93 (top 7%)
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Shares diluted 16.6% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y48.94%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM13.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM33.21%

ROCE

10Y Avg-28.44%
5Y Avg-33.26%
3Y Avg-38.51%
Latest-45.58%

Peer Comparison

Solid Tumor Oncology
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TLXTelix Pharmaceuticals Limited2.49B7.4553.2155.85%3.98%15.63%0.36%1.02
EXELExelixis, Inc.11.82B44.0825.0518.49%29.63%31.37%5.36%0.09
INBXInhibrx Biosciences, Inc.1.07B73.280.63-88.89%-110.78%-421.09%0.06
NUVBNuvation Bio Inc.2.24B6.55-3.10-8.13%-66.74%0.02
RLAYRelay Therapeutics, Inc.1.38B7.94-3.36-60.83%-26.71%-48.97%0.06
ORICORIC Pharmaceuticals, Inc.987.53M10.14-5.54-33.24%0.01
ZLABZai Lab Limited2.07B18.72-7.2049.59%-46.83%-27.21%0.18
TNGXTango Therapeutics, Inc.1.41B10.44-8.7715.17%-151.15%-62.81%0.18

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0082.65M3.03M1.38M25.55M10.01M
Revenue Growth %----0.96%-0.54%17.5%-0.61%
Cost of Goods Sold+2.15M2.85M3.55M0000
COGS % of Revenue--0.04%----
Gross Profit+-2.15M-2.85M79.11M3.03M1.38M25.55M10.01M
Gross Margin %--0.96%1%1%1%1%
Gross Profit Growth %--0.32%28.8%-0.96%-0.54%17.5%-0.61%
Operating Expenses+49.89M84.05M134.9M367.73M300.66M398.55M382.48M
OpEx % of Revenue--1.63%121.4%217.71%15.6%38.22%
Selling, General & Admin8.86M13.74M38.59M57.39M65.98M74.95M76.59M
SG&A % of Revenue--0.47%18.95%47.78%2.93%7.65%
Research & Development41.03M70.31M99.86M172.65M246.35M330.02M319.09M
R&D % of Revenue--1.21%57%178.39%12.92%31.89%
Other Operating Expenses-9K0-3.55M137.69M-11.68M-6.42M-13.21M
Operating Income+-49.89M-84.05M-55.8M-364.7M-299.27M-373M-372.47M
Operating Margin %---0.68%-120.4%-216.71%-14.6%-37.22%
Operating Income Growth %--0.68%0.34%-5.54%0.18%-0.25%0%
EBITDA+-47.73M-81.2M-52.25M-360.77M-295.14M-367.73M-367M
EBITDA Margin %---0.63%-119.11%-213.72%-14.39%-36.67%
EBITDA Growth %--0.7%0.36%-5.91%0.18%-0.25%0%
D&A (Non-Cash Add-back)2.15M2.85M3.55M3.92M4.13M5.27M5.46M
EBIT-48.78M-84.05M-55.8M-227.01M-310.95M-379.42M-385.67M
Net Interest Income+08.8M3.4M830K8.79M31.05M34.75M
Interest Income1.11M8.8M3.4M830K8.79M31.05M34.75M
Interest Expense0000000
Other Income/Expense1.1M8.74M3.38M826K8.77M31.03M34.76M
Pretax Income+-48.78M-75.31M-52.41M-363.87M-290.51M-341.97M-337.71M
Pretax Margin %---0.63%-120.13%-210.36%-13.39%-33.75%
Income Tax+0000000
Effective Tax Rate %1%0.88%1%1%1%1%1%
Net Income+-48.78M-66.5M-52.41M-363.87M-290.51M-341.97M-337.71M
Net Margin %---0.63%-120.13%-210.36%-13.39%-33.75%
Net Income Growth %--0.36%0.21%-5.94%0.2%-0.18%0.01%
Net Income (Continuing)-48.78M-75.31M-52.41M-363.87M-290.51M-341.97M-337.71M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-19.63-15.53-2.56-3.82-2.59-2.79-2.36
EPS Growth %-0.21%0.84%-0.49%0.32%-0.08%0.15%
EPS (Basic)-19.63-15.53-2.56-3.82-2.59-2.79-2.36
Diluted Shares Outstanding2.49M4.28M90.19M95.14M112.23M122.58M142.87M
Basic Shares Outstanding2.49M4.28M90.05M95.14M112.23M122.58M142.87M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+424.1M360.54M770.1M976.24M1.02B770.1M809.2M
Cash & Short-Term Investments421.5M355.82M678.06M958.07M998.92M750.09M781.32M
Cash Only421.5M41.95M447.65M280.12M998.92M143.74M124.29M
Short-Term Investments0313.86M230.41M677.95M0606.35M657.04M
Accounts Receivable0082.65M4.94M5.22M00
Days Sales Outstanding--365595.281.38K--
Inventory000012.11M00
Days Inventory Outstanding-------
Other Current Assets0001.76M3.26M3.31M10.53M
Total Non-Current Assets+4.51M32.53M29.73M32.2M80.27M73.88M62.09M
Property, Plant & Equipment3.63M31.65M28.83M27.32M75.39M68.87M57.67M
Fixed Asset Turnover--2.87x0.11x0.02x0.37x0.17x
Goodwill0000000
Intangible Assets00002.3M2.3M2.3M
Long-Term Investments878K0002.58M2.71M0
Other Non-Current Assets0878K900K2.58M2.58M02.12M
Total Assets+428.61M393.07M799.83M1.01B1.1B843.98M871.3M
Asset Turnover--0.10x0.00x0.00x0.03x0.01x
Asset Growth %--0.08%1.03%0.26%0.09%-0.23%0.03%
Total Current Liabilities+6.87M11.99M13.63M24.32M63.71M30.27M50.73M
Accounts Payable4.71M6.99M6.35M8.28M10.58M9.21M14.1M
Days Payables Outstanding797.27896.91653.17----
Short-Term Debt0000000
Deferred Revenue (Current)1000K00248K001000K
Other Current Liabilities118K333K197K989K26.15M1.91M2.1M
Current Ratio61.78x30.08x56.49x40.14x16.00x25.44x15.95x
Quick Ratio61.78x30.08x56.49x40.14x15.81x25.44x15.95x
Cash Conversion Cycle-------
Total Non-Current Liabilities+532.67M561.52M22.9M86.31M85.84M61.71M42.77M
Long-Term Debt0000000
Capital Lease Obligations023.58M22.9M21.06M53.47M48.5M42.77M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities532.67M537.94M3K65.26M32.38M13.21M0
Total Liabilities539.54M573.51M36.54M110.64M149.55M91.98M93.5M
Total Debt+178K24.83M24.42M22.9M57.74M53.47M48.5M
Net Debt-421.33M-17.12M-423.22M-257.22M-941.17M-90.27M-75.78M
Debt / Equity--0.03x0.03x0.06x0.07x0.06x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-------
Total Equity+-110.93M-180.44M763.29M897.81M950.22M752M777.79M
Equity Growth %--0.63%5.23%0.18%0.06%-0.21%0.03%
Book Value per Share-44.64-42.158.469.448.476.135.44
Total Shareholders' Equity-110.93M-180.44M763.29M897.81M950.22M752M777.79M
Common Stock3K4K90K109K121K127K168K
Retained Earnings-114.18M-189.48M-404.23M-768.1M-1.06B-1.4B-1.74B
Treasury Stock0000000
Accumulated OCI-4.65M325K64K-1.09M-10.42M-196K-991K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-44.13M-66.13M-102.49M-74.41M-229.49M-300.32M-249.11M
Operating CF Margin %---1.24%-24.56%-166.18%-11.76%-24.89%
Operating CF Growth %--0.5%-0.55%0.27%-2.08%-0.31%0.17%
Net Income-48.78M-75.31M-52.41M-363.87M-290.51M-341.97M-337.71M
Depreciation & Amortization2.15M2.85M3.55M3.92M4.13M5.27M5.46M
Stock-Based Compensation2.89M4.46M31.96M48.45M56.14M86.03M94.14M
Deferred Taxes0000000
Other Non-Cash Items9K-2.44M-416K139.74M-10.49M-17.18M-25.62M
Working Capital Changes-400K4.31M-85.17M97.34M11.25M-32.46M14.62M
Change in Receivables00-75M77.79M97K5.22M0
Change in Inventory00-10.33M0000
Change in Payables1.23M3M-410K930K1.99M-2.39M0
Cash from Investing+-1.68M-319.02M81.67M-479.51M-188.75M257.63M-41.08M
Capital Expenditures-1.69M-8M-1.93M-3.47M-9.06M-4.13M-2.02M
CapEx % of Revenue--0.02%1.15%6.56%0.16%0.2%
Acquisitions-------
Investments-------
Other Investing7K20K83.6M0-179.68M00
Cash from Financing+394.97M5.61M426.51M388.09M289.91M34.75M270.15M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing717K613K1.22M5.88M5.17M4.47M4.26M
Net Change in Cash-------
Free Cash Flow+-45.82M-74.14M-104.42M-77.88M-238.55M-304.44M-251.13M
FCF Margin %---1.26%-25.71%-172.74%-11.92%-25.09%
FCF Growth %--0.62%-0.41%0.25%-2.06%-0.28%0.18%
FCF per Share-18.44-17.32-1.16-0.82-2.13-2.48-1.76
FCF Conversion (FCF/Net Income)0.90x0.99x1.96x0.20x0.79x0.88x0.74x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)---17.98%-43.81%-31.44%-40.18%-44.15%
Return on Invested Capital (ROIC)---58.73%-55.78%-69.1%-83.41%-40.97%
Gross Margin--95.71%100%100%100%100%
Net Margin---63.41%-12012.94%-21036.13%-1338.66%-3374.72%
Debt / Equity--0.03x0.03x0.06x0.07x0.06x
FCF Conversion0.90x0.99x1.96x0.20x0.79x0.88x0.74x
Revenue Growth----96.34%-54.41%1749.82%-60.83%

Frequently Asked Questions

Growth & Financials

Relay Therapeutics, Inc. (RLAY) reported $11.1M in revenue for fiscal year 2024.

Relay Therapeutics, Inc. (RLAY) saw revenue decline by 60.8% over the past year.

Relay Therapeutics, Inc. (RLAY) reported a net loss of $297.6M for fiscal year 2024.

Dividend & Returns

Relay Therapeutics, Inc. (RLAY) has a return on equity (ROE) of -44.2%. Negative ROE indicates the company is unprofitable.

Relay Therapeutics, Inc. (RLAY) had negative free cash flow of $248.9M in fiscal year 2024, likely due to heavy capital investments.

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