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Side-by-side financial comparison of Relay Therapeutics, Inc. (RLAY) and TRANSCONTINENTAL REALTY INVESTORS INC (TCI). Click either name above to swap in a different company.

TRANSCONTINENTAL REALTY INVESTORS INC is the larger business by last-quarter revenue ($12.1M vs $7.0M, roughly 1.7× Relay Therapeutics, Inc.).

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.

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

RLAY vs TCI — Head-to-Head

Bigger by revenue
TCI
TCI
1.7× larger
TCI
$12.1M
$7.0M
RLAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RLAY
RLAY
TCI
TCI
Revenue
$7.0M
$12.1M
Net Profit
$8.3M
Gross Margin
Operating Margin
-28.9%
Net Margin
68.8%
Revenue YoY
2.3%
Net Profit YoY
7577.8%
EPS (diluted)
$0.97

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
RLAY
RLAY
TCI
TCI
Q4 25
$7.0M
$12.1M
Q3 25
$0
$12.8M
Q2 25
$12.2M
Q1 25
$7.7M
$12.0M
Q4 24
$0
$11.8M
Q3 24
$0
$11.6M
Q2 24
$0
$11.8M
Q1 24
$10.0M
$11.9M
Net Profit
RLAY
RLAY
TCI
TCI
Q4 25
$8.3M
Q3 25
$-74.1M
$724.0K
Q2 25
$169.0K
Q1 25
$-77.1M
$4.6M
Q4 24
$108.0K
Q3 24
$-88.1M
$1.7M
Q2 24
$-92.2M
$1.5M
Q1 24
$-81.4M
$2.5M
Operating Margin
RLAY
RLAY
TCI
TCI
Q4 25
-28.9%
Q3 25
-10.9%
Q2 25
-6.8%
Q1 25
-1105.2%
-5.3%
Q4 24
-14.3%
Q3 24
-14.4%
Q2 24
-9.2%
Q1 24
-903.0%
-11.2%
Net Margin
RLAY
RLAY
TCI
TCI
Q4 25
68.8%
Q3 25
5.6%
Q2 25
1.4%
Q1 25
-1003.6%
38.5%
Q4 24
0.9%
Q3 24
14.7%
Q2 24
12.7%
Q1 24
-813.3%
21.4%
EPS (diluted)
RLAY
RLAY
TCI
TCI
Q4 25
$0.97
Q3 25
$-0.43
$0.08
Q2 25
$0.02
Q1 25
$-0.46
$0.53
Q4 24
$0.01
Q3 24
$-0.63
$0.20
Q2 24
$-0.69
$0.17
Q1 24
$-0.62
$0.30

Balance Sheet & Financial Strength

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

Metric
RLAY
RLAY
TCI
TCI
Cash + ST InvestmentsLiquidity on hand
$84.0M
$89.0M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$567.1M
$846.7M
Total Assets
$621.3M
$1.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLAY
RLAY
TCI
TCI
Q4 25
$84.0M
$89.0M
Q3 25
$91.6M
$82.7M
Q2 25
$73.5M
Q1 25
$93.5M
$88.6M
Q4 24
$124.3M
$99.7M
Q3 24
$152.4M
$131.6M
Q2 24
$134.1M
$127.5M
Q1 24
$152.9M
$130.8M
Total Debt
RLAY
RLAY
TCI
TCI
Q4 25
$210.8M
Q3 25
$223.5M
Q2 25
$212.4M
Q1 25
$198.2M
Q4 24
$181.9M
Q3 24
$180.3M
Q2 24
$177.4M
Q1 24
$178.3M
Stockholders' Equity
RLAY
RLAY
TCI
TCI
Q4 25
$567.1M
$846.7M
Q3 25
$607.7M
$838.4M
Q2 25
$837.7M
Q1 25
$721.1M
$837.3M
Q4 24
$777.8M
$832.3M
Q3 24
$838.9M
$832.2M
Q2 24
$681.7M
$830.4M
Q1 24
$745.8M
$828.9M
Total Assets
RLAY
RLAY
TCI
TCI
Q4 25
$621.3M
$1.1B
Q3 25
$670.0M
$1.1B
Q2 25
$1.1B
Q1 25
$799.4M
$1.1B
Q4 24
$871.3M
$1.1B
Q3 24
$930.1M
$1.1B
Q2 24
$772.5M
$1.0B
Q1 24
$841.4M
$1.0B
Debt / Equity
RLAY
RLAY
TCI
TCI
Q4 25
0.25×
Q3 25
0.27×
Q2 25
0.25×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.21×
Q1 24
0.22×

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
TCI
TCI
Operating Cash FlowLast quarter
$-235.5M
$-2.9M
Free Cash FlowOCF − Capex
$-235.9M
FCF MarginFCF / Revenue
-3370.0%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters
$-622.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLAY
RLAY
TCI
TCI
Q4 25
$-235.5M
$-2.9M
Q3 25
$-62.1M
$8.2M
Q2 25
$-2.9M
Q1 25
$-73.2M
$-7.4M
Q4 24
$-249.1M
$1.3M
Q3 24
$-75.1M
$13.7M
Q2 24
$-65.8M
$-511.0K
Q1 24
$-50.3M
$3.9M
Free Cash Flow
RLAY
RLAY
TCI
TCI
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
RLAY
RLAY
TCI
TCI
Q4 25
-3370.0%
Q3 25
Q2 25
Q1 25
-958.4%
Q4 24
Q3 24
Q2 24
Q1 24
-520.7%
Capex Intensity
RLAY
RLAY
TCI
TCI
Q4 25
5.9%
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
17.8%
Cash Conversion
RLAY
RLAY
TCI
TCI
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
8.03×
Q2 24
-0.34×
Q1 24
1.52×

Financial Flow Comparison

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

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