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Side-by-side financial comparison of Axil Brands, Inc. (AXIL) and Relay Therapeutics, Inc. (RLAY). Click either name above to swap in a different company.

Axil Brands, Inc. is the larger business by last-quarter revenue ($8.1M vs $7.0M, roughly 1.2× Relay Therapeutics, Inc.). Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-235.9M).

Axil Brands, Inc. is a U.S.-headquartered company that designs, manufactures and markets premium hearing protection products, audio enhancement devices and personal audio accessories. Its offerings include custom-fit earplugs, Bluetooth-enabled hearing buds for work, sports and leisure use, serving both consumer and professional segments across global markets.

Relay Therapeutics is a clinical-stage biotechnology company focused on developing precision oncology therapies. It leverages advanced computational modeling of protein dynamics, paired with cutting-edge experimental biology, to design targeted medicines for previously intractable cancer types, serving global oncology care markets and patient populations.

AXIL vs RLAY — Head-to-Head

Bigger by revenue
AXIL
AXIL
1.2× larger
AXIL
$8.1M
$7.0M
RLAY
More free cash flow
AXIL
AXIL
$236.8M more FCF
AXIL
$906.4K
$-235.9M
RLAY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AXIL
AXIL
RLAY
RLAY
Revenue
$8.1M
$7.0M
Net Profit
$704.9K
Gross Margin
68.1%
Operating Margin
11.1%
Net Margin
8.7%
Revenue YoY
5.2%
Net Profit YoY
11.2%
EPS (diluted)
$0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXIL
AXIL
RLAY
RLAY
Q4 25
$8.1M
$7.0M
Q3 25
$6.9M
$0
Q2 25
$5.8M
Q1 25
$6.9M
$7.7M
Q4 24
$7.7M
$0
Q3 24
$5.9M
$0
Q2 24
$6.5M
$0
Q1 24
$6.5M
$10.0M
Net Profit
AXIL
AXIL
RLAY
RLAY
Q4 25
$704.9K
Q3 25
$334.3K
$-74.1M
Q2 25
$-245.6K
Q1 25
$576.7K
$-77.1M
Q4 24
$633.7K
Q3 24
$-109.8K
$-88.1M
Q2 24
$49.5K
$-92.2M
Q1 24
$781.1K
$-81.4M
Gross Margin
AXIL
AXIL
RLAY
RLAY
Q4 25
68.1%
Q3 25
67.6%
Q2 25
70.0%
Q1 25
71.7%
Q4 24
71.1%
Q3 24
71.0%
Q2 24
71.5%
Q1 24
71.5%
Operating Margin
AXIL
AXIL
RLAY
RLAY
Q4 25
11.1%
Q3 25
6.0%
Q2 25
0.8%
Q1 25
8.4%
-1105.2%
Q4 24
8.7%
Q3 24
-2.4%
Q2 24
2.6%
Q1 24
-1.6%
-903.0%
Net Margin
AXIL
AXIL
RLAY
RLAY
Q4 25
8.7%
Q3 25
4.9%
Q2 25
-4.3%
Q1 25
8.3%
-1003.6%
Q4 24
8.2%
Q3 24
-1.9%
Q2 24
0.8%
Q1 24
12.1%
-813.3%
EPS (diluted)
AXIL
AXIL
RLAY
RLAY
Q4 25
$0.09
Q3 25
$0.04
$-0.43
Q2 25
$-0.03
Q1 25
$0.07
$-0.46
Q4 24
$0.08
Q3 24
$-0.02
$-0.63
Q2 24
$0.11
$-0.69
Q1 24
$0.04
$-0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXIL
AXIL
RLAY
RLAY
Cash + ST InvestmentsLiquidity on hand
$5.0M
$84.0M
Total DebtLower is stronger
$138.3K
Stockholders' EquityBook value
$11.1M
$567.1M
Total Assets
$16.2M
$621.3M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXIL
AXIL
RLAY
RLAY
Q4 25
$5.0M
$84.0M
Q3 25
$4.1M
$91.6M
Q2 25
$4.8M
Q1 25
$4.7M
$93.5M
Q4 24
$5.2M
$124.3M
Q3 24
$4.1M
$152.4M
Q2 24
$3.3M
$134.1M
Q1 24
$4.9M
$152.9M
Total Debt
AXIL
AXIL
RLAY
RLAY
Q4 25
$138.3K
Q3 25
$139.2K
Q2 25
$140.2K
Q1 25
$141.0K
Q4 24
$143.3K
Q3 24
$144.3K
Q2 24
$146.6K
Q1 24
Stockholders' Equity
AXIL
AXIL
RLAY
RLAY
Q4 25
$11.1M
$567.1M
Q3 25
$10.2M
$607.7M
Q2 25
$9.7M
Q1 25
$9.7M
$721.1M
Q4 24
$8.8M
$777.8M
Q3 24
$7.9M
$838.9M
Q2 24
$7.7M
$681.7M
Q1 24
$8.8M
$745.8M
Total Assets
AXIL
AXIL
RLAY
RLAY
Q4 25
$16.2M
$621.3M
Q3 25
$15.4M
$670.0M
Q2 25
$12.9M
Q1 25
$13.0M
$799.4M
Q4 24
$13.7M
$871.3M
Q3 24
$11.4M
$930.1M
Q2 24
$11.0M
$772.5M
Q1 24
$12.7M
$841.4M
Debt / Equity
AXIL
AXIL
RLAY
RLAY
Q4 25
0.01×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.02×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXIL
AXIL
RLAY
RLAY
Operating Cash FlowLast quarter
$934.8K
$-235.5M
Free Cash FlowOCF − Capex
$906.4K
$-235.9M
FCF MarginFCF / Revenue
11.1%
-3370.0%
Capex IntensityCapex / Revenue
0.3%
5.9%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters
$-622.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXIL
AXIL
RLAY
RLAY
Q4 25
$934.8K
$-235.5M
Q3 25
$-739.2K
$-62.1M
Q2 25
$194.4K
Q1 25
$-169.9K
$-73.2M
Q4 24
$1.0M
$-249.1M
Q3 24
$897.3K
$-75.1M
Q2 24
$-336.6K
$-65.8M
Q1 24
$-912.8K
$-50.3M
Free Cash Flow
AXIL
AXIL
RLAY
RLAY
Q4 25
$906.4K
$-235.9M
Q3 25
$-747.6K
$-62.1M
Q2 25
Q1 25
$-258.2K
$-73.6M
Q4 24
$941.1K
$-251.1M
Q3 24
$-75.3M
Q2 24
$-394.9K
$-65.8M
Q1 24
$-922.1K
$-52.1M
FCF Margin
AXIL
AXIL
RLAY
RLAY
Q4 25
11.1%
-3370.0%
Q3 25
-10.9%
Q2 25
Q1 25
-3.7%
-958.4%
Q4 24
12.2%
Q3 24
Q2 24
-6.1%
Q1 24
-14.3%
-520.7%
Capex Intensity
AXIL
AXIL
RLAY
RLAY
Q4 25
0.3%
5.9%
Q3 25
0.1%
Q2 25
Q1 25
1.3%
5.0%
Q4 24
0.9%
Q3 24
Q2 24
0.9%
Q1 24
0.1%
17.8%
Cash Conversion
AXIL
AXIL
RLAY
RLAY
Q4 25
1.33×
Q3 25
-2.21×
Q2 25
Q1 25
-0.29×
Q4 24
1.59×
Q3 24
Q2 24
-6.80×
Q1 24
-1.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXIL
AXIL

Hearing Enhancement And Protection$7.8M95%
Other$378.9K5%

RLAY
RLAY

Segment breakdown not available.

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