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

TRANSACT TECHNOLOGIES INC is the larger business by last-quarter revenue ($11.5M vs $7.0M, roughly 1.6× Relay Therapeutics, Inc.). TRANSACT TECHNOLOGIES INC produced more free cash flow last quarter ($589.0K vs $-235.9M).

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.

Roper Technologies, Inc. is a holding company that owns companies in the technology sector.

RLAY vs TACT — Head-to-Head

Bigger by revenue
TACT
TACT
1.6× larger
TACT
$11.5M
$7.0M
RLAY
More free cash flow
TACT
TACT
$236.5M more FCF
TACT
$589.0K
$-235.9M
RLAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RLAY
RLAY
TACT
TACT
Revenue
$7.0M
$11.5M
Net Profit
Gross Margin
47.6%
Operating Margin
-10.1%
Net Margin
Revenue YoY
11.9%
Net Profit YoY
EPS (diluted)
$-0.11

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
RLAY
RLAY
TACT
TACT
Q4 25
$7.0M
$11.5M
Q3 25
$0
$13.2M
Q2 25
$13.8M
Q1 25
$7.7M
$13.1M
Q4 24
$0
$10.2M
Q3 24
$0
$10.9M
Q2 24
$0
$11.6M
Q1 24
$10.0M
$10.7M
Net Profit
RLAY
RLAY
TACT
TACT
Q4 25
Q3 25
$-74.1M
$15.0K
Q2 25
$-143.0K
Q1 25
$-77.1M
$19.0K
Q4 24
Q3 24
$-88.1M
$-551.0K
Q2 24
$-92.2M
$-319.0K
Q1 24
$-81.4M
$-1.0M
Gross Margin
RLAY
RLAY
TACT
TACT
Q4 25
47.6%
Q3 25
49.8%
Q2 25
48.2%
Q1 25
48.7%
Q4 24
44.2%
Q3 24
48.1%
Q2 24
52.7%
Q1 24
52.6%
Operating Margin
RLAY
RLAY
TACT
TACT
Q4 25
-10.1%
Q3 25
0.1%
Q2 25
-1.9%
Q1 25
-1105.2%
-0.1%
Q4 24
-10.3%
Q3 24
-7.7%
Q2 24
-3.8%
Q1 24
-903.0%
-12.2%
Net Margin
RLAY
RLAY
TACT
TACT
Q4 25
Q3 25
0.1%
Q2 25
-1.0%
Q1 25
-1003.6%
0.1%
Q4 24
Q3 24
-5.1%
Q2 24
-2.8%
Q1 24
-813.3%
-9.7%
EPS (diluted)
RLAY
RLAY
TACT
TACT
Q4 25
$-0.11
Q3 25
$-0.43
$0.00
Q2 25
$-0.01
Q1 25
$-0.46
$0.00
Q4 24
$-0.80
Q3 24
$-0.63
$-0.06
Q2 24
$-0.69
$-0.03
Q1 24
$-0.62
$-0.10

Balance Sheet & Financial Strength

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

Metric
RLAY
RLAY
TACT
TACT
Cash + ST InvestmentsLiquidity on hand
$84.0M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$567.1M
$31.1M
Total Assets
$621.3M
$44.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLAY
RLAY
TACT
TACT
Q4 25
$84.0M
$20.4M
Q3 25
$91.6M
$20.0M
Q2 25
$17.7M
Q1 25
$93.5M
$14.2M
Q4 24
$124.3M
$14.4M
Q3 24
$152.4M
$11.3M
Q2 24
$134.1M
$11.1M
Q1 24
$152.9M
$10.6M
Stockholders' Equity
RLAY
RLAY
TACT
TACT
Q4 25
$567.1M
$31.1M
Q3 25
$607.7M
$31.8M
Q2 25
$31.3M
Q1 25
$721.1M
$30.9M
Q4 24
$777.8M
$30.6M
Q3 24
$838.9M
$38.4M
Q2 24
$681.7M
$38.5M
Q1 24
$745.8M
$38.6M
Total Assets
RLAY
RLAY
TACT
TACT
Q4 25
$621.3M
$44.8M
Q3 25
$670.0M
$45.0M
Q2 25
$44.5M
Q1 25
$799.4M
$44.2M
Q4 24
$871.3M
$44.0M
Q3 24
$930.1M
$50.5M
Q2 24
$772.5M
$50.4M
Q1 24
$841.4M
$51.9M

Cash Flow & Capital Efficiency

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

Metric
RLAY
RLAY
TACT
TACT
Operating Cash FlowLast quarter
$-235.5M
$609.0K
Free Cash FlowOCF − Capex
$-235.9M
$589.0K
FCF MarginFCF / Revenue
-3370.0%
5.1%
Capex IntensityCapex / Revenue
5.9%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-622.7M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLAY
RLAY
TACT
TACT
Q4 25
$-235.5M
$609.0K
Q3 25
$-62.1M
$3.6M
Q2 25
$3.6M
Q1 25
$-73.2M
$-161.0K
Q4 24
$-249.1M
$2.4M
Q3 24
$-75.1M
$327.0K
Q2 24
$-65.8M
$636.0K
Q1 24
$-50.3M
$-1.5M
Free Cash Flow
RLAY
RLAY
TACT
TACT
Q4 25
$-235.9M
$589.0K
Q3 25
$-62.1M
$3.6M
Q2 25
$3.6M
Q1 25
$-73.6M
$-171.0K
Q4 24
$-251.1M
$2.4M
Q3 24
$-75.3M
$259.0K
Q2 24
$-65.8M
$499.0K
Q1 24
$-52.1M
$-1.6M
FCF Margin
RLAY
RLAY
TACT
TACT
Q4 25
-3370.0%
5.1%
Q3 25
27.1%
Q2 25
25.9%
Q1 25
-958.4%
-1.3%
Q4 24
23.2%
Q3 24
2.4%
Q2 24
4.3%
Q1 24
-520.7%
-14.9%
Capex Intensity
RLAY
RLAY
TACT
TACT
Q4 25
5.9%
0.2%
Q3 25
0.5%
Q2 25
0.1%
Q1 25
5.0%
0.1%
Q4 24
0.1%
Q3 24
0.6%
Q2 24
1.2%
Q1 24
17.8%
1.0%
Cash Conversion
RLAY
RLAY
TACT
TACT
Q4 25
Q3 25
242.00×
Q2 25
Q1 25
-8.47×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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