| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 3 | 1 | — | 4 | — | 1 | 4 | 1 | 3 | 6 | 4 | 3 |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 750.09 | 781.32 | 554.52 | 910.93 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | 3.32 | 10.53 | 5.97 | 8.41 |
| 770.10 | 809.20 | 578.28 | 928.08 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 9.21 | 14.10 | 7.71 | 11.46 |
| ST’ Debt | — | — | — | — |
| Other | 1.20 | 1.99 | 0.46 | 1.25 |
| 30.27 | 50.73 | 25.58 | 50.80 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3.00 | 0.35 | — | — |
—
|
| ’25 | 7.68 | 0.68 | — | 7.00 |
15.36
|
| ’24 | 10.01 | — | — | — |
10.01
|
| ’23 | 0.23 | 0.12 | 25.20 | 0.00 |
25.55
|
| ’22 | 0.42 | 0.37 | 0.34 | 0.25 |
1.38
|
| ’21 | 0.95 | 0.84 | 0.67 | 0.57 |
3.03
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (51.11) | (54.11) | — | — |
—
|
| ’25 | (73.21) | (55.26) | (62.12) | (44.86) |
(235.45)
|
| ’24 | (50.32) | (65.83) | (75.08) | (57.87) |
(249.11)
|
| ’23 | (67.13) | (68.60) | (75.40) | (89.19) |
(300.32)
|
| ’22 | (49.17) | (57.09) | (66.14) | (57.08) |
(229.49)
|
| ’21 | 46.64 | (28.14) | (53.20) | (39.71) |
(74.41)
|
| ’20 | (22.33) | (20.84) | (24.04) | (35.27) |
(102.49)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (51.11) | (54.11) | — | — |
—
|
| ’25 | (73.59) | (55.29) | (62.12) | (44.87) |
(235.86)
|
| ’24 | (52.10) | (65.84) | (75.31) | (57.87) |
(251.12)
|
| ’23 | (69.04) | (70.10) | (75.99) | (89.31) |
(304.44)
|
| ’22 | (51.97) | (58.95) | (68.24) | (59.39) |
(238.55)
|
| ’21 | 46.16 | (28.52) | (54.93) | (40.59) |
(77.88)
|
| ’20 | (23.35) | (21.26) | (24.47) | (35.34) |
(104.42)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.41) | (0.41) | — | — |
—
|
| ’25 | (0.46) | (0.41) | (0.43) | (0.32) |
(1.61)
|
| ’24 | (0.62) | (0.69) | (0.63) | (0.45) |
(2.36)
|
| ’23 | (0.78) | (0.81) | (0.54) | (0.67) |
(2.79)
|
| ’22 | (0.57) | (0.71) | (0.76) | (0.56) |
(2.59)
|
| ’21 | (0.47) | (2.10) | (0.66) | (0.62) |
(3.82)
|
| ’20 | (0.28) | (6.06) | (2.38) | 0.39 |
(2.56)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.65 | 5.95 | 4.01 | 1.78 | — | — | — |
Low Price
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.36 | 23.18 | 12.14 | 9.04 | — | — | — |
High Price
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 327 | 323 | 261 | 192 | — | — | — |
Employees
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.08 | 0.04 | 0.08 | — | — | — |
Revenue/Emp
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.38 | 25.55 | 10.01 | 15.36 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (290.51) | (341.97) | (337.71) | (276.48) | ‡‡‡‡‡ | — | — |
EBT
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (21,036.13%) | (1,338.66%) | (3,374.72%) | (1,800.58%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (290.51) | (341.97) | (337.71) | (276.48) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.31 | (5.49) | (6.85) | 0.91 | — | — | — |
Depreciation
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.01 | 0.21 | 0.07 | 0.09 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.59) | (2.79) | (2.36) | (1.61) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.04) | (2.45) | (1.74) | (1.37) | ‡‡‡‡‡ | — | — |
Cash Flow/Sh
|
| — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.03) | (0.01) | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.13) | (2.48) | (1.76) | (1.37) | — | — | — |
Free CF/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.47 | 6.13 | 5.44 | 3.30 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 112.23 | 122.58 | 142.87 | 171.59 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 1,222.30 | 56.91 | 16.66 | 57.24 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.78 | 1.93 | 0.76 | 2.56 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 540.25 | 29.70 | (3.90) | 37.54 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
EV/Sales
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.13) | (2.49) | 0.55 | (4.04) | — | — | — |
EV/FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (229.49) | (300.32) | (249.11) | (235.45) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.06) | (4.13) | (2.02) | (0.41) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (238.55) | (304.44) | (251.12) | (235.86) | ‡‡‡‡‡ | — | — |
FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 955.80 | 739.83 | 758.48 | 552.70 | — | — | — |
Working Cap'
|
| — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.00 | — | — | — | — | — | — |
Total Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (941.92) | (750.09) | (781.32) | (554.52) | — | — | — |
Net Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 950.22 | 752.00 | 777.79 | 567.06 | — | — | — |
Sh' Equity
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (27.56%) | (35.19%) | (39.38%) | (37.05%) | ‡‡‡‡‡ | — | — |
ROA
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | (2,253.31%) | (12,160.29%) | 0.00% | (1,508.62%) | — | — | — |
ROIC
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (31.44%) | (40.18%) | (44.15%) | (41.12%) | ‡‡‡‡‡ | — | — |
ROE
|
Relay Therapeutics (RLAY) trades at depressed levels after shedding most post-IPO gains, reflecting deep skepticism amid relentless cash burn and pipeline risks in precision oncology. Analyst price targets point to 35-110% upside from recent closes, betting on the innovative Dynamo platform’s protein motion modeling, but this hinges on navigating binary clinical outcomes in a sector where 90% of Phase 2 trials fail. With no insider buys in over a year and steady C-suite selling—over 2.8 million shares dumped via 10b5-1 plans—the narrative screams caution despite flashes of scientific promise and a still-cash-rich balance sheet.
Financials expose a burning cash engine: free cash flow per share deteriorated 114% over three years to -$1.76 in 2024, torching $251 million last year while runway shrinks to perhaps 2-3 years without dilution. Revenue remains lumpy and tiny—$10 million in 2024—versus ballooning R&D losses, with ROE at -44% and revenue per employee plunging 93% to $38,300 amid headcount cuts. Book value holds at a cheap 0.76x PB ratio, but eroding net cash and worsening EBT margins signal operational strain.
Pipeline leads like RLY-4008 and RLY-2608 offer de-risking potential via 2025-2027 data and partnerships, with projected revenue doubling by 2027, yet continued deep losses and high EV/Sales multiples underscore the high-stakes gamble. For risk-averse portfolios, Relay’s undervalued assets clash with execution pitfalls—read the full analysis for correlations, projections, and whether dilution or catalysts tip the scales.
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