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Side-by-side financial comparison of MacKenzie Realty Capital, Inc. (MKZR) 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 $4.6M, roughly 1.5× MacKenzie Realty Capital, Inc.).

MacKenzie Realty Capital, Inc. is a U.S.-based real estate investment firm focused on acquiring, owning, and managing a diversified portfolio of income-generating commercial and residential real estate assets. It targets properties in high-growth regional markets across the U.S. to deliver consistent long-term returns to its investors.

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.

MKZR vs RLAY — Head-to-Head

Bigger by revenue
RLAY
RLAY
1.5× larger
RLAY
$7.0M
$4.6M
MKZR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MKZR
MKZR
RLAY
RLAY
Revenue
$4.6M
$7.0M
Net Profit
$-4.5M
Gross Margin
Operating Margin
-102.5%
Net Margin
-97.4%
Revenue YoY
-42.8%
Net Profit YoY
-0.4%
EPS (diluted)
$-2.97

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
MKZR
MKZR
RLAY
RLAY
Q4 25
$4.6M
$7.0M
Q3 25
$4.5M
$0
Q2 25
$4.8M
Q1 25
$4.3M
$7.7M
Q4 24
$8.0M
$0
Q3 24
$5.0M
$0
Q2 24
$4.5M
$0
Q1 24
$4.1M
$10.0M
Net Profit
MKZR
MKZR
RLAY
RLAY
Q4 25
$-4.5M
Q3 25
$-3.0M
$-74.1M
Q2 25
$-6.0M
Q1 25
$-6.1M
$-77.1M
Q4 24
$-4.5M
Q3 24
$-7.4M
$-88.1M
Q2 24
$-2.5M
$-92.2M
Q1 24
$-2.9M
$-81.4M
Operating Margin
MKZR
MKZR
RLAY
RLAY
Q4 25
-102.5%
Q3 25
-76.8%
Q2 25
-117.3%
Q1 25
-136.4%
-1105.2%
Q4 24
-56.7%
Q3 24
-150.3%
Q2 24
-58.1%
Q1 24
-65.6%
-903.0%
Net Margin
MKZR
MKZR
RLAY
RLAY
Q4 25
-97.4%
Q3 25
-67.1%
Q2 25
-125.1%
Q1 25
-142.6%
-1003.6%
Q4 24
-55.5%
Q3 24
-149.6%
Q2 24
-55.6%
Q1 24
-72.3%
-813.3%
EPS (diluted)
MKZR
MKZR
RLAY
RLAY
Q4 25
$-2.97
Q3 25
$-2.20
$-0.43
Q2 25
$-8.16
Q1 25
$-0.47
$-0.46
Q4 24
$-3.93
Q3 24
$-6.10
$-0.63
Q2 24
$-9.20
$-0.69
Q1 24
$-0.26
$-0.62

Balance Sheet & Financial Strength

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

Metric
MKZR
MKZR
RLAY
RLAY
Cash + ST InvestmentsLiquidity on hand
$4.3M
$84.0M
Total DebtLower is stronger
$145.6M
Stockholders' EquityBook value
$51.8M
$567.1M
Total Assets
$238.1M
$621.3M
Debt / EquityLower = less leverage
2.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKZR
MKZR
RLAY
RLAY
Q4 25
$4.3M
$84.0M
Q3 25
$4.9M
$91.6M
Q2 25
$3.6M
Q1 25
$5.1M
$93.5M
Q4 24
$6.5M
$124.3M
Q3 24
$10.7M
$152.4M
Q2 24
$11.9M
$134.1M
Q1 24
$15.5M
$152.9M
Total Debt
MKZR
MKZR
RLAY
RLAY
Q4 25
$145.6M
Q3 25
$142.7M
Q2 25
$135.3M
Q1 25
Q4 24
$14.7M
Q3 24
Q2 24
$117.3M
Q1 24
Stockholders' Equity
MKZR
MKZR
RLAY
RLAY
Q4 25
$51.8M
$567.1M
Q3 25
$56.7M
$607.7M
Q2 25
$59.9M
Q1 25
$66.7M
$721.1M
Q4 24
$68.3M
$777.8M
Q3 24
$73.4M
$838.9M
Q2 24
$82.4M
$681.7M
Q1 24
$86.3M
$745.8M
Total Assets
MKZR
MKZR
RLAY
RLAY
Q4 25
$238.1M
$621.3M
Q3 25
$241.7M
$670.0M
Q2 25
$236.0M
Q1 25
$237.1M
$799.4M
Q4 24
$236.4M
$871.3M
Q3 24
$243.5M
$930.1M
Q2 24
$233.1M
$772.5M
Q1 24
$226.1M
$841.4M
Debt / Equity
MKZR
MKZR
RLAY
RLAY
Q4 25
2.81×
Q3 25
2.52×
Q2 25
2.26×
Q1 25
Q4 24
0.22×
Q3 24
Q2 24
1.42×
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
MKZR
MKZR
RLAY
RLAY
Operating Cash FlowLast quarter
$-1.6M
$-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
MKZR
MKZR
RLAY
RLAY
Q4 25
$-1.6M
$-235.5M
Q3 25
$-2.0M
$-62.1M
Q2 25
$-1.7M
Q1 25
$-2.6M
$-73.2M
Q4 24
$1.9M
$-249.1M
Q3 24
$644.4K
$-75.1M
Q2 24
$-595.5K
$-65.8M
Q1 24
$743.3K
$-50.3M
Free Cash Flow
MKZR
MKZR
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
MKZR
MKZR
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
MKZR
MKZR
RLAY
RLAY
Q4 25
5.9%
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
17.8%

Financial Flow Comparison

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

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