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
DateValue
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