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Other financials

Income statement

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Revenue$350.0K-48.3%
Operating income-$90.8M-18.2%
Net income-$83.7M-18.9%
EPS (diluted)-$0.410.0%

Balance sheet

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Cash & equivalents$121.2M+6.4%
Total debt$30.7M-10.3%
Total equity$890.0M+33.7%
Total assets$967.5M+32.7%

Cash flow

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Operating cash flow-$54.1M+2.1%
CapEx$1.0K
Free cash flow-$44.9M+22.5%

Valuation

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Market cap$4.3B+611%
Enterprise value$4.21B+702%
P/S415.9×+343×

Profitability

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Operating margin-2,999.4%-637pp
Net margin-2,763.6%-568pp
FCF margin-1,536%-429pp

Returns & leverage

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Return on equity-36.8%-6.3pp
Debt / equity0.0×
Current ratio18.3×-2.7×

Where this comes from

Reported directly by Relay Therapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The source filing: Relay Therapeutics, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338056
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Cash flows from operating activities:
Net loss$(156,998)$(147,440)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense8642,210
Stock compensation expense19,71633,825
Impairment of intangible asset2,300
Loss on disposal of property and equipment615
Net amortization of premiums and discounts on investments(1,406)(2,991)

Item 1. Financial Statements.

FAQ

What is Relay Therapeutics, Inc.'s D&A?
Relay Therapeutics, Inc. (RLAY) reported D&A of $360K in Q2 2026.
How has Relay Therapeutics, Inc.'s D&A changed year-over-year?
Relay Therapeutics, Inc.'s D&A decreased by 64.1% year-over-year, from $1M to $360K.
What is the long-term trend for Relay Therapeutics, Inc.'s D&A?
Over 4 years (2021 to 2025), Relay Therapeutics, Inc.'s D&A has grown at a -2.4% compound annual growth rate (CAGR), from $3.93M to $3.56M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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