Relay Therapeutics (RLAY) Research & Development (2019 - 2026)
Relay Therapeutics' Research & Development came in at $76.48 million for Q2 2026, up 19.7% from $63.9 million a year earlier and up 8.4% from the prior quarter.
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Analysis
Relay Therapeutics (RLAY) Research & Development (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Relay Therapeutics reported Research & Development of $270.72 million, down 4.1% year-over-year; for FY2025, it was $261.38 million, down 18.1% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 21.2% (FY2020 to FY2025).
- Going back by year, Research & Development was $319.09 million in FY2024 (-3.3%), $330.02 million in FY2023 (+34.0%), $246.36 million in FY2022 (+42.7%) and $172.65 million in FY2021 (+72.9%).
- The Q2 2026 figure represents the highest quarterly Research & Development since Q3 2024.
- Year-over-year, Research & Development increased in 1 of the last eight quarters, with an average decline of 9.2%.
- The fastest year-over-year change in Research & Development over five years came in Q3 2021 (growth of 84.5%), and the weakest in Q2 2025 (a decline of 30.5%).
- Business Quant data shows RLAY's Research & Development at $70.56 million (Q1 2026), $55.42 million (Q4 2025) and $68.26 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -4.05 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 1.87 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 1.76 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.81 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 993.80 Mn |
| 10 | Relay Therapeutics | 3.87 Bn | 3.87 Bn | - | 76.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.48 Mn |
| 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 |
API Access
Relay Therapeutics Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=RLAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "RLAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=RLAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();