Relay Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
RLAY$20.39+9.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $84,018 | $124,287 |
| Investments | 470,500 | 657,036 |
| Prepaid expenses | 17,787 | 17,348 |
| Other current assets | 5,974 | 10,533 |
| Total current assets | 578,279 | 809,204 |
| Property and equipment, net | 1,726 | 5,911 |
| Operating lease assets | 39,990 | 51,762 |
| Restricted cash | 1,336 | 2,119 |
| Intangible asset | — | 2,300 |
| Total assets | $621,331 | $871,296 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $7,705 | $14,097 |
| Accrued expenses | 13,645 | 21,236 |
| Operating lease liabilities | 3,765 | 5,727 |
| Deferred revenue | — | 7,679 |
| Other current liabilities | 463 | 1,990 |
| Total current liabilities | 25,578 | 50,729 |
| Operating lease liabilities, net of current portion | 28,693 | 42,775 |
| Total liabilities | 54,271 | 93,504 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Undesignated preferred stock, $0.001 par value, 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024; no shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.001 par value; 300,000,000 shares authorized as of December 31, 2024 and December 31, 2024; 173,868,949 and 167,755,715 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 168 | 168 |
| Additional paid-in capital | 2,580,928 | 2,516,905 |
| Accumulated other comprehensive loss | 733 | (991) |
| Accumulated deficit | (2,014,769) | (1,738,290) |
| Total stockholders’ equity | 567,060 | 777,792 |
| Total liabilities and stockholders’ equity | $621,331 | $871,296 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.