Relay Therapeutics (RLAY) Operating Income (2019 - 2026)
Relay Therapeutics (RLAY) posted quarterly Operating Income of -$78.6 million for Q1 2026, up 7.4% year-over-year from -$73.2 million in Q1 2025, and down 29.62% quarter-over-quarter from -$60.6 million in Q4 2025.
Analysis
Relay Therapeutics (RLAY) Operating Income (2019 - 2026) Analysis & Trends
Relay Therapeutics (RLAY) has reported Operating Income for 8 consecutive years, with -$78.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income rose 7.4% year-over-year to -$78.6 million; the TTM figure through Mar 2026 stood at -$296.5 million (up 19.22% YoY), while the FY2025 annual figure was -$302.7 million, up 18.72% from the prior year.
- Operating Income retreated to -$78.6 million in Q1 2026 per RLAY's latest filing, from -$60.6 million in the prior quarter.
- Across five years, Operating Income topped out at -$60.6 million in Q4 2025 and bottomed at -$106.0 million in Q2 2023.
- Historically, Operating Income has averaged -$83.9 million across 5 years, with a median of -$84.9 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Income jumped 59.8% — and 2023, when it plunged 61.31%.
- Relay Therapeutics' Operating Income stood at -$72.9 million in 2022, then dropped by 26.55% to -$92.2 million in 2023, then grew by 7.83% to -$85.0 million in 2024, then grew by 28.65% to -$60.6 million in 2025, then declined by 29.62% to -$78.6 million in 2026.
- Business Quant data shows RLAY's Operating Income at -$78.6 million in Q1 2026, -$60.6 million in Q4 2025, and -$80.4 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.87 Bn | 131.01 Bn | 2.84 Bn | 1.25 Bn |
| 2 | Regeneron Pharmaceuticals | 85.57 Bn | 77.57 Bn | 3.93 Bn | 1.29 Bn |
| 3 | Argenx Se | 63.51 Bn | 58.32 Bn | 1.37 Bn | 493.00 Mn |
| 4 | Moderna | 58.19 Bn | 53.05 Bn | 52.00 Mn | -815.00 Mn |
| 5 | Revolution Medicines | 44.07 Bn | 44.07 Bn | - | -505.13 Mn |
| 6 | BeOne Medicines | 39.99 Bn | 34.89 Bn | 1.53 Bn | 325.05 Mn |
| 7 | Alnylam Pharmaceuticals | 35.38 Bn | 32.07 Bn | 992.69 Mn | 231.44 Mn |
| 8 | Royalty Pharma | 28.42 Bn | 27.58 Bn | - | 133.12 Mn |
| 9 | Insmed | 27.41 Bn | 26.25 Bn | 358.27 Mn | -1.55 Mn |
| 10 | Relay Therapeutics | 3.85 Bn | 3.85 Bn | - | -90.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -90.82 Mn |
| Mar 31, 2026 | -78.59 Mn |
| Dec 31, 2025 | -60.63 Mn |
| Sep 30, 2025 | -80.39 Mn |
| Jun 30, 2025 | -76.85 Mn |
| Mar 31, 2025 | -84.87 Mn |
| Dec 31, 2024 | -84.98 Mn |
| Sep 30, 2024 | -96.37 Mn |
| Jun 30, 2024 | -100.76 Mn |
| Mar 31, 2024 | -90.36 Mn |
| Dec 31, 2023 | -92.20 Mn |
| Sep 30, 2023 | -73.58 Mn |
| Jun 30, 2023 | -106.05 Mn |
| Mar 31, 2023 | -101.18 Mn |
| Dec 31, 2022 | -72.85 Mn |
| Sep 30, 2022 | -85.89 Mn |
| Jun 30, 2022 | -77.81 Mn |
| Mar 31, 2022 | -62.72 Mn |
| Dec 31, 2021 | -67.72 Mn |
| Sep 30, 2021 | -60.99 Mn |