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
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