Relay Therapeutics (RLAY) Research & Development (2019 - 2026)
Relay Therapeutics (RLAY) reported Research & Development of $70.6 million for Q1 2026, down 4.4% year-over-year from $73.8 million in Q1 2025, and up 27.34% quarter-over-quarter 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.
- Research & Development for Q1 2026 came in at $70.6 million, down 4.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $258.1 million (down 16.86% YoY), and the FY2025 annual result was $261.4 million, down 18.08% from the prior year.
- Research & Development climbed to $70.6 million in Q1 2026 per RLAY's latest filing, from $55.4 million in the prior quarter.
- Over five years, Research & Development peaked at $92.0 million in Q2 2024 and troughed at $51.7 million in Q1 2022.
- A 5-year average of $72.2 million and a median of $70.6 million in 2026 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2025: Research & Development jumped 68.73% in 2022, then sank 30.54% in 2025.
- A 5-year view of Research & Development shows it stood at $67.3 million in 2022, then advanced by 15.19% to $77.5 million in 2023, then slipped by 12.16% to $68.1 million in 2024, then declined by 18.6% to $55.4 million in 2025, then climbed by 27.34% to $70.6 million in 2026.
- Business Quant data shows RLAY's Research & Development at $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 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | Relay Therapeutics | 2.86 Bn | 2.86 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 |