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Financials · RFL

Rafael Holdings Inc. (RFL) financials

For fiscal 2026 (ended Jul 31, 2026), Rafael Holdings Inc. reported $874.0K of revenue and -$29.64M of net income.

Revenue, FY2026
$874.0K
Revenue growth, YoY
-4.7%
Net income, FY2026
-$29.64M
Net margin
-3390.7%
Free cash flow, FY2026
-$29.99M
EPS, diluted, FY2026
-$0.58
Cash
$22.10M
Total debt
$2.0K
P/S
62.10
Market cap
$54.3M
Annual revenue$874.0K
FY2017FY2026
Annual net income-$29.64M
FY2017FY2026
Annual free cash flow-$29.99M
FY2017FY2026

RFL revenue and earnings growth

RFL revenueQ4 2026$244.0K

Quarter YoY
-30.3%
QoQ
+36.3%
FY YoY
-4.7%
5Y CAGR
+1.7%
10Y CAGR
-16.9%

RFL revenue was $244.0K in fiscal Q4 2026 (ended Jul 31, 2026), down 30.3% from a year earlier and up 36.3% from the prior quarter. For the full fiscal 2026 it was $874.0K, down 4.7% from fiscal 2025. Compound annual growth was +1.7% over 5 years and -16.9% over 10 years. It rose in 4 of the last 10 fiscal years.

RFL net incomeQ4 2026-$9.18M

RFL net income was -$9.18M in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$290.0K a year earlier. For the full fiscal 2026 it was -$29.64M, compared with -$30.52M in fiscal 2025.

RFL EPSQ4 2026-$0.18

RFL diluted EPS was -$0.18 in fiscal Q4 2026 (ended Jul 31, 2026). For the full fiscal 2026 it was -$0.58.

RFL free cash flowQ4 2026-$8.38M

RFL free cash flow was -$8.38M in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$10.38M a year earlier. For the full fiscal 2026 it was -$29.99M, compared with -$18.93M in fiscal 2025.

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Income statement

Income statement
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Revenue$874.0K$917.0K$637.0K$279.0K$410.0K$802.0K$4.91M$4.93M$4.37M$5.62M
Cost of revenue--$154.0K-$3.50M$3.17M----
Gross profit--$483.0K--$3.09M-$2.37M----
Research and development$24.33M$12.82M$4.17M$6.31M$8.74M$4.91M$2.39M$1.03M$995.0K-
Selling, general and admin$9.70M$13.78M$8.85M$8.93M$16.98M$17.02M$9.12M$8.82M$5.52M$3.73M
Operating income-$33.41M-$29.16M-$102.63M-$15.04M-$60.48M-$28.20M-$8.46M-$6.70M-$3.84M$221.0K
Interest expense$333.0K$658.0K$248.0K-$6.0K$12.0K----
Pre-tax income-$27.97M-$33.20M-$67.26M-$8.74M-$139.97M-$23.43M-$6.92M-$4.94M-$3.64M$204.0K
Income tax-$13.0K-$2.55M-$2.68M-$255.0K-$18.0K$29.0K-$19.0K$8.44M$66.0K
Net income-$29.64M-$30.52M-$34.41M-$1.88M-$124.66M-$23.06M-$10.75M-$4.69M-$11.65M$138.0K
EPS, basic-$0.58-$1.04-$1.45-$0.08-$6.31-$1.49-$0.66-$0.35-$0.93$0.01
EPS, diluted-$0.58-$1.04-$1.45-$0.08-$6.31-$1.49-$0.66-$0.35-$0.93$0.01
Diluted shares51.4M29.4M23.7M23.3M19.8M16.5M15.8M13.3M12.5M12,485

Balance sheet

Balance sheet
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Cash and equivalents$22.10M$52.77M$2.67M$21.50M$26.54M$12.85M$6.21M$12.02M$15.80M$11.76M
Short-term investments--------$24.70M-
Receivables$444.0K$627.0K$426.0K$213.0K$157.0K$235.0K$267.0K$450.0K$287.0K$264.0K
Inventory$377.0K$281.0K--------
Current assets$25.82M$56.71M$72.50M$82.94M$108.35M$14.76M$9.83M$13.26M$44.51M$12.17M
Goodwill$19.94M$19.94M$3.05M-------
Total assets$83.06M$114.11M$96.83M$98.83M$118.32M$154.06M$136.35M$142.14M$116.92M$86.20M
Current liabilities$10.99M$11.60M$7.51M$2.15M$21.03M$17.30M$5.73M$1.43M$891.0K$363.0K
Long-term debt$2.0K$78.0K$73.0K-------
Total debt$2.0K$78.0K$73.0K-------
Total liabilities$11.09M$15.74M$10.57M$2.20M$21.11M$17.35M$5.82M$17.38M$1.35M$24.13M
Shareholders' equity$66.31M$94.39M$86.26M$96.63M$97.21M$136.70M$130.53M$124.76M$116.12M$62.08M

Cash flow

Cash flow
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Operating cash flow-$29.99M-$18.92M-$7.80M-$10.89M-$26.08M-$15.60M-$4.67M-$3.13M-$1.81M-$1.62M
Capital expenditures$3.0K$4.0K$143.0K-$2.0K$206.0K$534.0K$399.0K$710.0K$1.82M
Free cash flow-$29.99M-$18.93M-$7.95M--$26.08M-$15.81M-$5.20M-$3.53M-$2.52M-$3.44M
Investing cash flow-$676.0K$44.03M-$10.82M$21.21M-$63.80M-$8.17M-$1.03M-$31.24M$4.11M-$11.22M
Financing cash flow-$116.0K$24.83M-$179.0K-$15.22M$103.86M$30.30M-$96.0K$30.89M$1.75M$22.26M
Stock-based compensation$1.39M$2.12M$2.30M$2.19M-$917.0K$6.63M$684.0K-$51.0K-
Depreciation and amortization$204.0K$288.0K$225.0K$78.0K$72.0K$70.0K$1.87M$1.78M$1.70M$1.67M

Key ratios

Key ratios
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Revenue growth, YoY-4.7%44.0%128.3%-32.0%-48.9%-83.7%-0.4%12.8%-22.2%0.5%
Net income growth, YoY----------80.6%
EPS growth, YoY----------83.3%
Gross margin--75.8%--753.4%-295.1%----
Operating margin-3822.5%-3179.8%-16111.0%-5391.8%-14750.5%-3516.1%-172.4%-135.8%-87.9%3.9%
Net margin-3390.7%-3328.2%-5401.9%-672.4%-30404.4%-2875.4%-219.0%-95.2%-266.5%2.5%
Free cash flow margin-3431.4%-2064.1%-1247.3%--6361.2%-1970.9%-105.9%-71.6%-57.8%-61.3%
Return on equity-44.7%-32.3%-39.9%-1.9%-128.2%-16.9%-8.2%-3.8%-10.0%0.2%
Return on assets-35.7%-26.7%-35.5%-1.9%-105.4%-15.0%-7.9%-3.3%-10.0%0.2%
Current ratio2.354.899.6538.675.150.851.729.2949.9633.52
Debt to equity0.000.000.00-------

Source: XBRL data Rafael Holdings Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RFL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RFL$874.0K-4.7%-$29.64M-3390.7%$54.3M
LLY$86.46B+45.5%$27.58B31.9%$1.27T
JNJ$99.33B+7.8%$16.09B16.2%$664.95B
ABBV$66.01B+10.7%$10.34B15.7%$514.92B
MRK$67.38B+4.9%$2.45B3.6%$361.71B
NVS$54.53B+8.4%$13.98B25.6%$310.17B
AZN$58.74B+8.6%$10.22B17.4%$289.10B
ABT$48.23B+10.0%$4.70B9.7%$190.39B
NVODKK 309.06B+6.4%DKK 102.43B33.1%$178.51B

RFL FAQ

8 questions
  • What is RFL revenue?
    Rafael Holdings Inc. (RFL) reported $874.0K of revenue for fiscal 2026 (ended Jul 31, 2026). That is down 4.7% from the year before.
  • Is RFL profitable?
    No. Rafael Holdings Inc. reported a net loss of $29.64M for fiscal 2026 (ended Jul 31, 2026).
  • How much cash and debt does RFL have?
    Rafael Holdings Inc. reported $22.10M in cash and cash equivalents and $2.0K of debt on its most recent balance sheet in SEC filings.
  • How fast is RFL revenue growing?
    Rafael Holdings Inc.'s revenue changed -4.7% in fiscal 2026, to $874.0K. Its compound annual growth rate was +1.7% over 5 years and -16.9% over 10 years.
  • What is RFL free cash flow?
    Rafael Holdings Inc. generated -$29.99M of free cash flow for fiscal 2026 (ended Jul 31, 2026), which is operating cash flow of -$29.99M less capital expenditures.
  • What is RFL earnings per share?
    Diluted earnings per share were -$0.58 for fiscal 2026 (ended Jul 31, 2026), from SEC filings, restated for any stock split those filings show.
  • When did RFL last report financial results?
    The latest statements here come from Rafael Holdings Inc.'s 10-K filed on Oct 29, 2026, covering the period ended Jul 31, 2026.
  • Where does this RFL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Rafael Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.