Relay Therapeutics (RLAY) Operating Income (2019 - 2026)

Relay Therapeutics (RLAY) reported 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.

Relay Therapeutics (RLAY) Operating Income (2019 - 2026) Analysis & Trends

Relay Therapeutics (RLAY) has 8 years of Operating Income data on file, last reported at -$78.6 million in Q1 2026.

  • Operating Income for Q1 2026 came in at -$78.6 million, up 7.4% year-over-year; the trailing twelve-month figure through Mar 2026 was -$296.5 million (up 19.22% YoY), and the FY2025 annual result was -$302.7 million, up 18.72% from the prior year.
  • Operating Income eased to -$78.6 million in Q1 2026 per RLAY's latest filing, from -$60.6 million in the prior quarter.
  • Over five years, Operating Income peaked at -$60.6 million in Q4 2025 and troughed at -$106.0 million in Q2 2023.
  • A 5-year average of -$83.9 million and a median of -$84.9 million in 2025 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2022 and 2023: Operating Income jumped 59.8% in 2022, then plunged 61.31% in 2023.
  • A 5-year view of Operating Income shows it stood at -$72.9 million in 2022, then slipped by 26.55% to -$92.2 million in 2023, then climbed by 7.83% to -$85.0 million in 2024, then climbed by 28.65% to -$60.6 million in 2025, then dropped 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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -19.70 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.96 Bn 91.96 Bn - -65.83 Mn
10 Relay Therapeutics 2.86 Bn 2.86 Bn - -78.59 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 -193.58 Mn