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Relay Therapeutics, Inc. RLAY Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$7.0MBeat by $2.0M
EPS-$0.32Beat by $0.06
Revenue estimate$5.0M
EPS estimate-$0.38

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$960.0K
EPS estimate-$0.41

Financials

Q4 2025

Income statement

See full
Revenue$7.0M—
Operating income-$60.6M+28.7%
Net income-$54.9M+27.8%
EPS (diluted)-$0.31+26.2%

Balance sheet

See full
Cash & equivalents$84.0M-32.4%
Total debt$32.5M-33.1%
Total equity$567.1M-27.1%
Total assets$621.3M-28.7%

Cash flow

See full
Operating cash flow-$44.9M+22.5%
CapEx$1.0K—
Free cash flow-$44.9M+22.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$1.47B+113%
Enterprise value$1.41B+130%
P/S95.5×+26.6×

Profitability

See full
Operating margin-1,971.5%-631pp
Net margin-1,800.5%-573pp
FCF margin-1,536%-429pp

Returns & leverage

See full
Return on equity-41.1%-2.6pp
Debt / equity0.1×0.0×
Current ratio22.6×+6.7×

Versus estimates

Revenue

Q1 2026$3.0MMiss by $2.6M
Q4 2025$7.0MBeat by $2.0M
Q2 2025$677.0KBeat by $662.7KQ1 2025$7.7MBeat by $3.9M

Diluted EPS

Q1 2026-$0.41Miss by $0.06
Q4 2025-$0.32Beat by $0.06
Q3 2025-$0.43Miss by $0.04Q2 2025-$0.41Beat by $0.08Q1 2025-$0.46Beat by $0.04Q4 2024-$0.45Beat by $0.12

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Questions, answered.

When did Relay Therapeutics, Inc. report Q4 2025 earnings?
Relay Therapeutics, Inc. (RLAY) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Relay Therapeutics, Inc.'s Q4 2025 revenue and EPS?
Relay Therapeutics, Inc. reported revenue of $7.0M and eps of $-0.32 for Q4 2025.
Did Relay Therapeutics, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $5.0M by $2.0M. EPS beat the consensus estimate of $-0.38 by $0.06.
How did Relay Therapeutics, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, eps grew 28.9% from $-0.45.
Where can I find Relay Therapeutics, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-076617) and the 10-K periodic report (0001193125-26-076739) directly on SEC EDGAR. The filing index links above go to sec.gov.