# Relay Therapeutics share price today (Relay Therapeutics, Inc., RLAY)

> Relay Therapeutics, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. RLAY · Healthcare · Biotechnology · data as of 5 November 2026. Page: https://www.sectoralpha.in/us/stocks/rlay

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## Key numbers

- Price: $17.00 (+181.0% in a year)
- Revenue (Jun 2026): $350 K
- Profit (Jun 2026), incl. one-off: −$83.7 M (one-off item, see below)
- ROE: −49%, FY25

Biggest thing to watch: the price has already been rising for 44 weeks, so timing is the risk more than the business. ## What is the Relay Therapeutics share price today? Relay Therapeutics, Inc.'s share price was $17.00 at the close on 5 November 2026. It has been rising for 44 weeks. That is 11.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between $6 and $20, and at that close it sat 78% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 7 weeks running. Over the last 6.3 years the share price moved −61% while the S&P 500 moved +128%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Relay Therapeutics pay? Relay Therapeutics, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Relay Therapeutics on? Relay Therapeutics is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Relay Therapeutics profitable? Relay Therapeutics, Inc. posted a net loss of $83.7 M in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY25 year was a loss of $276 M. That loss is 23,916.3% of the quarter's revenue. The same quarter a year earlier lost $77.1 M. 12 of the last 12 reported quarters were loss-making. Read this profit with care: at −$83.7 M it is bigger than the quarter's whole revenue of $350 K. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −25,949.7% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings. ## How much revenue does Relay Therapeutics make, and is it growing? Relay Therapeutics, Inc. reported $350 K of revenue in the Jun 2026 quarter, −48.3% on the same quarter a year earlier. Over 4 years it has grown 50.1% a year on average. The last full year, FY25, came in at $15.4 M. FY25 revenue was $15.4 M, +53.4% on the year before. Recent pace: the last four quarters grew −54.6% on average, against 50.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −74.3%, against +242.1% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Relay Therapeutics keep? Relay Therapeutics, Inc. has almost no sales yet: FY25 revenue was $15.4 M. On sales that small an operating margin is not a useful reading, so this section is left out until sales grow. ## Is Relay Therapeutics' profit turning into cash? Relay Therapeutics, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $235 M of cash, against −$276 M of profit. After $410 K of spending on assets, free cash was −$236 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Relay Therapeutics' cash go? Relay Therapeutics, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $6.6 M on assets over the last 3 years. Averaged over those years that is 14.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $6.6 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Relay Therapeutics' P/E ratio, and how does it compare with its own history? Relay Therapeutics, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Relay Therapeutics, Inc. at 242.6× its FY25 revenue of $15.4 M. The P/E comes back here once profit turns positive. ## Is the Relay Therapeutics business getting better or worse? Relay Therapeutics, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 10 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Relay Therapeutics earn on its capital? Relay Therapeutics, Inc. earned a ROE of −49% in FY25. Its return on capital used (ROIC) is 40.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. The key test, return on capital used minus the cost of capital: −26.9% − 13.7% = −40.6 percentage points. The 13.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Relay Therapeutics have too much debt? Relay Therapeutics, Inc. has total debt of $30.7 M against shareholder equity of $890 M as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.03 in FY21 to 0.06 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Relay Therapeutics shareholding pattern? 30.3% of Relay Therapeutics, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 13.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Relay Therapeutics from balance-sheet trouble? For Relay Therapeutics, Inc., the Z-score is 9.19. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 9.19 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Relay Therapeutics rank in its industry? There is no score against its industry: Relay Therapeutics, Inc. is not among the largest members shown in this industry comparison for Biotechnology. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Relay Therapeutics compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Relay Therapeutics in size? Relay Therapeutics is the 49th largest of 211 Biotechnology companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Dianthus Therapeutics, Inc., Legend Biotech Corporation and Catalyst Pharmaceuticals, Inc. Just below it: ACADIA Pharmaceuticals Inc., Xenon Pharmaceuticals Inc. and AbCellera Biologics Inc. ### Biotechnology companies close in size

1. [Dianthus Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/dnth) $4.6 billion
2. [Legend Biotech Corporation](https://www.sectoralpha.in/us/stocks/legn) $4.4 billion
3. [Catalyst Pharmaceuticals, Inc.](https://www.sectoralpha.in/us/stocks/cprx) $3.9 billion
4. Relay Therapeutics, Inc. $3.7 billion
5. [ACADIA Pharmaceuticals Inc.](https://www.sectoralpha.in/us/stocks/acad) $3.7 billion
6. [Xenon Pharmaceuticals Inc.](https://www.sectoralpha.in/us/stocks/xene) $3.6 billion
7. [AbCellera Biologics Inc.](https://www.sectoralpha.in/us/stocks/abcl) $3.6 billion

[All 211 Biotechnology companies, largest first](https://www.sectoralpha.in/us/sectors/biotechnology#all-companies)

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3. Relay Therapeutics, Inc. $4 billion
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## What else do people ask about Relay Therapeutics? ### What were Relay Therapeutics's latest quarterly results? Relay Therapeutics, Inc. reported revenue of $350 K and a net loss of $83.7 M for the Jun 2026 quarter. Earnings per share were −$0.41. The operating margin was −25,949.7%, 14,598.6 percentage points lower than a year earlier (as of 5 November 2026). ### What is Relay Therapeutics's market cap? Relay Therapeutics, Inc.'s market capitalisation is $3.7 B at a stock price of $17.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 5 November 2026). ### How is Relay Therapeutics performing? Relay Therapeutics, Inc.'s share price has been rising for 44 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 7 weeks running. This describes what the data did, not a rating (as of 5 November 2026). ### Will Relay Therapeutics's stock price go up? This page does not forecast Relay Therapeutics, Inc.'s stock price. What it shows instead: the stock price is $17.00, and it has been rising for 44 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 5 November 2026). ### What could break the Relay Therapeutics story? Biggest thing to watch: the price has already been rising for 44 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 5 November 2026). ### Is Relay Therapeutics a stock worth studying right now? What the numbers show: Relay Therapeutics, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 5 November 2026). This is research, not advice. We’re not SEBI-registered.