Relay Therapeutics (RLAY) Research & Development (2019 - 2026)
Relay Therapeutics' (RLAY) quarterly Research & Development came in at $70.6 million in Q1 2026, down 4.4% year-on-year from $73.8 million in Q1 2025, and up 27.34% on a QoQ basis from $55.4 million in Q4 2025.
Relay Therapeutics (RLAY) Research & Development (2019 - 2026) Analysis & Trends
Relay Therapeutics (RLAY) has 8 years of Research & Development data on file, last reported at $70.6 million in Q1 2026.
- On a quarterly basis, Research & Development fell 4.4% year-over-year to $70.6 million in Q1 2026; TTM through Mar 2026 was $258.1 million, a 16.86% decrease from a year earlier, with the FY2025 full-year figure at $261.4 million, down 18.08% from the prior year.
- Research & Development for Q1 2026 stood at $70.6 million, up from $55.4 million in the prior quarter.
- Over the last five years, Research & Development for RLAY reached as high as $92.0 million in Q2 2024 and fell as low as $51.7 million in Q1 2022.
- Historically, Research & Development has averaged $72.2 million across 5 years, with a median of $70.6 million in 2026.
- Across the five-year window, Research & Development surged 68.73% in 2022 and tumbled 30.54% in 2025, its largest moves.
- Year by year, Research & Development stood at $67.3 million in 2022, then increased by 15.19% to $77.5 million in 2023, then fell by 12.16% to $68.1 million in 2024, then decreased by 18.6% to $55.4 million in 2025, then rose by 27.34% to $70.6 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $70.6 million in Q1 2026, $55.4 million in Q4 2025, and $68.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -443.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 343.97 Mn |
| 10 | Relay Therapeutics | 3.31 Bn | 3.31 Bn | - | 70.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.56 Mn |
| Dec 31, 2025 | 55.42 Mn |
| Sep 30, 2025 | 68.26 Mn |
| Jun 30, 2025 | 63.90 Mn |
| Mar 31, 2025 | 73.81 Mn |
| Dec 31, 2024 | 68.08 Mn |
| Sep 30, 2024 | 76.62 Mn |
| Jun 30, 2024 | 91.99 Mn |
| Mar 31, 2024 | 82.40 Mn |
| Dec 31, 2023 | 77.50 Mn |
| Sep 30, 2023 | 81.49 Mn |
| Jun 30, 2023 | 88.20 Mn |
| Mar 31, 2023 | 82.83 Mn |
| Dec 31, 2022 | 67.28 Mn |
| Sep 30, 2022 | 66.90 Mn |
| Jun 30, 2022 | 60.51 Mn |
| Mar 31, 2022 | 51.67 Mn |
| Dec 31, 2021 | 51.91 Mn |
| Sep 30, 2021 | 44.97 Mn |
| Jun 30, 2021 | 45.15 Mn |