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

Relay Therapeutics, Inc. is the larger business by last-quarter revenue ($7.0M vs $6.6M, roughly 1.1× Intellicheck, Inc.). Intellicheck, Inc. produced more free cash flow last quarter ($2.4M vs $-235.9M).

Intellicheck, Inc. is a US-based technology company specializing in identity verification and fraud prevention solutions. It develops AI-powered tools to validate government-issued identification documents, streamline customer onboarding, and mitigate identity theft risks for clients across finance, retail, healthcare and public sector segments.

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.

IDN vs RLAY — Head-to-Head

Bigger by revenue
RLAY
RLAY
1.1× larger
RLAY
$7.0M
$6.6M
IDN
More free cash flow
IDN
IDN
$238.3M more FCF
IDN
$2.4M
$-235.9M
RLAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDN
IDN
RLAY
RLAY
Revenue
$6.6M
$7.0M
Net Profit
$1.6M
Gross Margin
91.4%
Operating Margin
22.5%
Net Margin
23.4%
Revenue YoY
11.8%
Net Profit YoY
218.0%
EPS (diluted)
$0.08

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
IDN
IDN
RLAY
RLAY
Q4 25
$6.6M
$7.0M
Q3 25
$6.0M
$0
Q2 25
$5.1M
Q1 25
$4.9M
$7.7M
Q4 24
$5.9M
$0
Q3 24
$4.7M
$0
Q2 24
$4.7M
$0
Q1 24
$4.7M
$10.0M
Net Profit
IDN
IDN
RLAY
RLAY
Q4 25
$1.6M
Q3 25
$290.0K
$-74.1M
Q2 25
$-251.0K
Q1 25
$-318.0K
$-77.1M
Q4 24
$488.0K
Q3 24
$-837.0K
$-88.1M
Q2 24
$-127.0K
$-92.2M
Q1 24
$-442.0K
$-81.4M
Gross Margin
IDN
IDN
RLAY
RLAY
Q4 25
91.4%
Q3 25
90.5%
Q2 25
89.8%
Q1 25
89.7%
Q4 24
91.1%
Q3 24
91.0%
Q2 24
90.5%
Q1 24
90.7%
Operating Margin
IDN
IDN
RLAY
RLAY
Q4 25
22.5%
Q3 25
4.0%
Q2 25
-5.8%
Q1 25
-7.1%
-1105.2%
Q4 24
8.1%
Q3 24
-19.3%
Q2 24
-4.6%
Q1 24
-11.2%
-903.0%
Net Margin
IDN
IDN
RLAY
RLAY
Q4 25
23.4%
Q3 25
4.8%
Q2 25
-4.9%
Q1 25
-6.5%
-1003.6%
Q4 24
8.2%
Q3 24
-17.8%
Q2 24
-2.7%
Q1 24
-9.4%
-813.3%
EPS (diluted)
IDN
IDN
RLAY
RLAY
Q4 25
$0.08
Q3 25
$0.01
$-0.43
Q2 25
$-0.01
Q1 25
$-0.02
$-0.46
Q4 24
$0.02
Q3 24
$-0.04
$-0.63
Q2 24
$-0.01
$-0.69
Q1 24
$-0.02
$-0.62

Balance Sheet & Financial Strength

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

Metric
IDN
IDN
RLAY
RLAY
Cash + ST InvestmentsLiquidity on hand
$9.7M
$84.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$20.7M
$567.1M
Total Assets
$24.5M
$621.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDN
IDN
RLAY
RLAY
Q4 25
$9.7M
$84.0M
Q3 25
$7.2M
$91.6M
Q2 25
$8.6M
Q1 25
$5.1M
$93.5M
Q4 24
$4.7M
$124.3M
Q3 24
$5.7M
$152.4M
Q2 24
$7.3M
$134.1M
Q1 24
$9.2M
$152.9M
Stockholders' Equity
IDN
IDN
RLAY
RLAY
Q4 25
$20.7M
$567.1M
Q3 25
$18.9M
$607.7M
Q2 25
$18.0M
Q1 25
$17.6M
$721.1M
Q4 24
$17.7M
$777.8M
Q3 24
$16.7M
$838.9M
Q2 24
$17.3M
$681.7M
Q1 24
$17.2M
$745.8M
Total Assets
IDN
IDN
RLAY
RLAY
Q4 25
$24.5M
$621.3M
Q3 25
$25.3M
$670.0M
Q2 25
$23.1M
Q1 25
$24.6M
$799.4M
Q4 24
$20.9M
$871.3M
Q3 24
$20.7M
$930.1M
Q2 24
$21.9M
$772.5M
Q1 24
$22.6M
$841.4M

Cash Flow & Capital Efficiency

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

Metric
IDN
IDN
RLAY
RLAY
Operating Cash FlowLast quarter
$2.4M
$-235.5M
Free Cash FlowOCF − Capex
$2.4M
$-235.9M
FCF MarginFCF / Revenue
36.0%
-3370.0%
Capex IntensityCapex / Revenue
0.1%
5.9%
Cash ConversionOCF / Net Profit
1.54×
TTM Free Cash FlowTrailing 4 quarters
$4.5M
$-622.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDN
IDN
RLAY
RLAY
Q4 25
$2.4M
$-235.5M
Q3 25
$-1.7M
$-62.1M
Q2 25
$3.1M
Q1 25
$750.0K
$-73.2M
Q4 24
$-1.3M
$-249.1M
Q3 24
$-1.1M
$-75.1M
Q2 24
$-1.2M
$-65.8M
Q1 24
$869.0K
$-50.3M
Free Cash Flow
IDN
IDN
RLAY
RLAY
Q4 25
$2.4M
$-235.9M
Q3 25
$-1.8M
$-62.1M
Q2 25
$3.1M
Q1 25
$741.0K
$-73.6M
Q4 24
$-1.3M
$-251.1M
Q3 24
$-1.1M
$-75.3M
Q2 24
$-1.2M
$-65.8M
Q1 24
$860.0K
$-52.1M
FCF Margin
IDN
IDN
RLAY
RLAY
Q4 25
36.0%
-3370.0%
Q3 25
-29.2%
Q2 25
60.9%
Q1 25
15.1%
-958.4%
Q4 24
-22.4%
Q3 24
-23.1%
Q2 24
-25.5%
Q1 24
18.4%
-520.7%
Capex Intensity
IDN
IDN
RLAY
RLAY
Q4 25
0.1%
5.9%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.2%
5.0%
Q4 24
0.2%
Q3 24
0.6%
Q2 24
0.2%
Q1 24
0.2%
17.8%
Cash Conversion
IDN
IDN
RLAY
RLAY
Q4 25
1.54×
Q3 25
-5.99×
Q2 25
Q1 25
Q4 24
-2.71×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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