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Operating margin at other companies

Revolution Medicines, Inc. logo
Revolution Medicines, Inc.RVMD
-88,031.9%-89,488pp
Ligand Pharmaceuticals logo
Ligand PharmaceuticalsLGND
34.5%+23.0pp
Tango Therapeutics logo
Tango TherapeuticsTNGX
-206.2%-61.0pp
Spyre Therapeutics, Inc. logo
Spyre Therapeutics, Inc.SYRE
-39,428.9%-49,795pp
LQD
Liquidia CorporationLQDA
-155%-68.1pp
Revvity logo
RevvityRVTY
12.4%-1.1pp

Other financials

Income statement

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Revenue$3.0M-60.9%
Operating income-$78.6M+7.4%
Net income-$73.3M+4.9%
EPS (diluted)-$0.41+10.9%

Balance sheet

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Cash & equivalents$204.6M+119%
Total debt$31.6M-33.1%
Total equity$642.2M-10.9%
Total assets$699.6M-12.5%

Cash flow

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Operating cash flow-$51.1M+30.2%
CapEx$1.0K
Free cash flow-$44.9M+22.5%

Valuation

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Market cap$3.46B+300%
Enterprise value$3.29B+304%
P/S324.1×+212×

Profitability

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Net margin-2,554.1%-745pp
FCF margin-1,536%-429pp

Returns & leverage

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Return on equity-40%-4.3pp
Debt / equity0.0×
Current ratio22.1×+2.2×

Where this comes from

Calculated from Relay Therapeutics, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Relay Therapeutics, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Relay Therapeutics, Inc.'s operating margin?
Relay Therapeutics, Inc. (RLAY) reported operating margin of -2,776.6% in Q1 2026.
How has Relay Therapeutics, Inc.'s operating margin changed year-over-year?
Relay Therapeutics, Inc.'s operating margin increased by 41.9% year-over-year, from -4,778.9% to -2,776.6%.
What is the long-term trend for Relay Therapeutics, Inc.'s operating margin?
Over 4 years (2021 to 2025), Relay Therapeutics, Inc.'s operating margin has grown at a -36.4% compound annual growth rate (CAGR), from -12,040.2% to -1,971.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.