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Bioage Labs vs Relay Therapeutics

Relay Therapeutics is the larger business, with $15.4m of revenue in fiscal 2025 against $9.0m for Bioage Labs (1.7 times as much). Bioage Labs kept more of each dollar of sales as profit: a net margin of -896.1% against -1800.6%. Relay Therapeutics carries less debt relative to equity (0.0% against 1.0%).

Latest fiscal yearBioage LabsBIOA, 2025Relay TherapeuticsRLAY, 2025
Revenue $9.0m $15.4m
Revenue growth — 53.4%
Net income −$80.6m −$276m
Operating margin -1031.5% -1971.6%
Net margin -896.1% -1800.6%
Return on equity -27.1% -41.1%
Free cash flow −$82.3m −$236m
Cash $189m $84.0m
Total debt $2.6m $0
Debt to equity 1.0% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 62 192
Market value $266m $3.78bn
Price vs our value range — —
Moat score — 12 (Weak)
Insider trades, 12 months 0 buys, 13 sales 0 buys, 40 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.