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Side-by-side financial comparison of Lument Finance Trust, Inc. (LFT) 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 $5.4M, roughly 1.3× Lument Finance Trust, Inc.).

Lument Finance Trust, Inc. is a US-based real estate finance firm that primarily invests in, manages, and operates credit assets tied to multifamily residential and commercial real estate. Its core offerings include bridge loans, permanent financing solutions, and structured real estate debt products for property owners and operators across the United States.

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.

LFT vs RLAY — Head-to-Head

Bigger by revenue
RLAY
RLAY
1.3× larger
RLAY
$7.0M
$5.4M
LFT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LFT
LFT
RLAY
RLAY
Revenue
$5.4M
$7.0M
Net Profit
$-7.8M
Gross Margin
Operating Margin
Net Margin
-144.5%
Revenue YoY
-42.6%
Net Profit YoY
-262.0%
EPS (diluted)
$-0.17

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
LFT
LFT
RLAY
RLAY
Q4 25
$5.4M
$7.0M
Q3 25
$5.1M
$0
Q2 25
$7.0M
Q1 25
$7.7M
$7.7M
Q4 24
$9.4M
$0
Q3 24
$9.5M
$0
Q2 24
$9.5M
$0
Q1 24
$13.0M
$10.0M
Net Profit
LFT
LFT
RLAY
RLAY
Q4 25
$-7.8M
Q3 25
$1.8M
$-74.1M
Q2 25
$3.7M
Q1 25
$-522.6K
$-77.1M
Q4 24
$4.8M
Q3 24
$6.3M
$-88.1M
Q2 24
$4.6M
$-92.2M
Q1 24
$7.0M
$-81.4M
Operating Margin
LFT
LFT
RLAY
RLAY
Q4 25
Q3 25
Q2 25
Q1 25
-1105.2%
Q4 24
Q3 24
Q2 24
Q1 24
-903.0%
Net Margin
LFT
LFT
RLAY
RLAY
Q4 25
-144.5%
Q3 25
36.5%
Q2 25
53.0%
Q1 25
-6.8%
-1003.6%
Q4 24
51.2%
Q3 24
66.2%
Q2 24
48.3%
Q1 24
53.7%
-813.3%
EPS (diluted)
LFT
LFT
RLAY
RLAY
Q4 25
$-0.17
Q3 25
$0.01
$-0.43
Q2 25
$0.05
Q1 25
$-0.03
$-0.46
Q4 24
$0.06
Q3 24
$0.10
$-0.63
Q2 24
$0.07
$-0.69
Q1 24
$0.11
$-0.62

Balance Sheet & Financial Strength

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

Metric
LFT
LFT
RLAY
RLAY
Cash + ST InvestmentsLiquidity on hand
$23.1M
$84.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$219.0M
$567.1M
Total Assets
$1.2B
$621.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFT
LFT
RLAY
RLAY
Q4 25
$23.1M
$84.0M
Q3 25
$56.0M
$91.6M
Q2 25
$59.4M
Q1 25
$63.5M
$93.5M
Q4 24
$69.2M
$124.3M
Q3 24
$45.6M
$152.4M
Q2 24
$65.1M
$134.1M
Q1 24
$64.6M
$152.9M
Stockholders' Equity
LFT
LFT
RLAY
RLAY
Q4 25
$219.0M
$567.1M
Q3 25
$230.0M
$607.7M
Q2 25
$231.4M
Q1 25
$231.9M
$721.1M
Q4 24
$237.8M
$777.8M
Q3 24
$243.0M
$838.9M
Q2 24
$242.1M
$681.7M
Q1 24
$242.8M
$745.8M
Total Assets
LFT
LFT
RLAY
RLAY
Q4 25
$1.2B
$621.3M
Q3 25
$955.7M
$670.0M
Q2 25
$998.4M
Q1 25
$1.1B
$799.4M
Q4 24
$1.1B
$871.3M
Q3 24
$1.3B
$930.1M
Q2 24
$1.3B
$772.5M
Q1 24
$1.4B
$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
LFT
LFT
RLAY
RLAY
Operating Cash FlowLast quarter
$10.1M
$-235.5M
Free Cash FlowOCF − Capex
$-235.9M
FCF MarginFCF / Revenue
-3370.0%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-622.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFT
LFT
RLAY
RLAY
Q4 25
$10.1M
$-235.5M
Q3 25
$1.1M
$-62.1M
Q2 25
$3.6M
Q1 25
$4.1M
$-73.2M
Q4 24
$27.1M
$-249.1M
Q3 24
$6.2M
$-75.1M
Q2 24
$5.5M
$-65.8M
Q1 24
$9.1M
$-50.3M
Free Cash Flow
LFT
LFT
RLAY
RLAY
Q4 25
$-235.9M
Q3 25
$-62.1M
Q2 25
Q1 25
$-73.6M
Q4 24
$-251.1M
Q3 24
$-75.3M
Q2 24
$-65.8M
Q1 24
$-52.1M
FCF Margin
LFT
LFT
RLAY
RLAY
Q4 25
-3370.0%
Q3 25
Q2 25
Q1 25
-958.4%
Q4 24
Q3 24
Q2 24
Q1 24
-520.7%
Capex Intensity
LFT
LFT
RLAY
RLAY
Q4 25
5.9%
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
17.8%
Cash Conversion
LFT
LFT
RLAY
RLAY
Q4 25
Q3 25
0.62×
Q2 25
0.98×
Q1 25
Q4 24
5.66×
Q3 24
0.99×
Q2 24
1.19×
Q1 24
1.30×

Financial Flow Comparison

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

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