Relay Therapeutics (RLAY) EBITDA (2019 - 2026)

Relay Therapeutics (RLAY) reported EBITDA of -$73.5 million for Q1 2026, up 3.38% year-over-year from -$71.1 million in Q1 2025, and down 34.42% on a QoQ basis from -$54.6 million in Q4 2025.

Relay Therapeutics (RLAY) has 8 years of EBITDA data on file, last reported at -$73.5 million in Q1 2026.

  • Quarterly EBITDA rose 3.38% year-over-year to -$73.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$272.2 million (up 18.06% YoY) and the FY2025 annual result came in at -$274.8 million, up 18.83% from the prior year.
  • EBITDA declined to -$73.5 million in Q1 2026 per RLAY's latest filing, from -$54.6 million in the prior quarter.
  • Across five years, EBITDA topped out at -$54.6 million in Q4 2025 and bottomed at -$98.8 million in Q2 2023.
  • The 5-year median for EBITDA is -$79.5 million (2022), against an average of -$77.5 million.
  • Peak annual rise in EBITDA reached 58.92% in 2022, while the deepest fall reached 66.15% in 2022.
  • Tracing RLAY's EBITDA over 5 years: stood at -$64.5 million in 2022, then dropped by 24.44% to -$80.3 million in 2023, then grew by 1.0% to -$79.5 million in 2024, then soared by 31.26% to -$54.6 million in 2025, then sank by 34.42% to -$73.5 million in 2026.
  • Per Business Quant, the three latest RLAY EBITDA figures stand at -$73.5 million (Q1 2026), -$54.6 million (Q4 2025), and -$73.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Quantum Biopharma 1,216,509.61 Bn 1,216,509.61 Bn - -13.63 Mn
2 Alterity Therapeutics 764,224.41 Bn 764,224.38 Bn - -
3 Legend Biotech 2,716.00 Bn 2,715.71 Bn 242.10 Mn -19.70 Mn
4 Nanobiotix 2,248.83 Bn 2,248.77 Bn - -
5 Akari Therapeutics 1,951.18 Bn 1,951.17 Bn - -14.44 Mn
6 Vertex Pharmaceuticals 113.69 Bn 106.44 Bn 2.59 Bn 1.14 Bn
7 Evaxion A 64.16 Bn 64.14 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 63.94 Bn 55.18 Bn 3.31 Bn 661.60 Mn
9 Alnylam Pharmaceuticals 40.13 Bn 37.12 Bn 959.66 Mn 201.19 Mn
10 Relay Therapeutics 2.53 Bn 2.53 Bn - -73.46 Mn

Historic Data

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DateValue
Mar 31, 2026 -73.46 Mn
Dec 31, 2025 -54.65 Mn
Sep 30, 2025 -73.49 Mn
Jun 30, 2025 -70.58 Mn
Mar 31, 2025 -76.04 Mn
Dec 31, 2024 -79.50 Mn
Sep 30, 2024 -84.26 Mn
Jun 30, 2024 -92.39 Mn
Mar 31, 2024 -82.35 Mn
Dec 31, 2023 -80.31 Mn
Sep 30, 2023 -63.04 Mn
Jun 30, 2023 -98.78 Mn
Mar 31, 2023 -89.62 Mn
Dec 31, 2022 -64.53 Mn
Sep 30, 2022 -85.66 Mn
Jun 30, 2022 -79.48 Mn
Mar 31, 2022 -70.18 Mn
Dec 31, 2021 -68.55 Mn
Sep 30, 2021 -60.76 Mn
Jun 30, 2021 -193.48 Mn
Mar 31, 2021 -42.24 Mn
Dec 31, 2020 35.16 Mn
Sep 30, 2020 -36.53 Mn
Jun 30, 2020 -27.49 Mn
Mar 31, 2020 -23.82 Mn
Dec 31, 2019 -24.00 Mn
Sep 30, 2019 -19.74 Mn
Jun 30, 2019 -17.06 Mn