RAFAEL HOLDINGS, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:55:52Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -18.93M | -7.95M | — | -26.08M | -15.81M | -5.20M |
| EBITDA | -28.87M | -102.40M | -14.96M | -60.41M | -28.13M | -6.60M |
| Working Capital | 45.11M | 64.99M | 80.80M | 87.32M | -2.54M | 4.11M |
| Net Debt | -50.38M | -288.00K | -21.16M | -11.54M | 6.67M | — |
| Gross Margin | — | 75.82% | — | -753.41% | -295.14% | — |
| Operating Margin | -97196.67% | -16110.99% | -5391.76% | -14750.49% | -3516.08% | -172.40% |
| Net Margin | -101733.33% | -5401.88% | -672.40% | -30404.39% | -2875.44% | -219.00% |
| Return on Equity (ROE) | -32.33% | -41.87% | -1.87% | -124.02% | -18.86% | -9.21% |
| Return on Assets (ROA) | -26.75% | -35.54% | -1.90% | -105.36% | -14.97% | -7.89% |
| Current Ratio | 4.89× | 9.65× | 38.67× | 5.15× | 0.85× | 1.72× |
| Debt-to-Equity | 0.03× | 0.03× | 0.00× | 0.15× | 0.12× | — |
| Effective Tax Rate | 7.69% | 3.98% | 2.92% | — | -0.08% | -0.42% |
| Cash Conversion Ratio | 0.62× | 0.23× | 5.80× | 0.21× | 0.68× | 0.43× |
| Accruals Ratio | -0.10× | -0.27× | 0.09× | -0.83× | -0.05× | -0.04× |
| SBC % of Revenue | 7076.67% | 360.44% | 784.23% | -223.66% | 827.06% | 13.93% |
| CapEx Coverage | -4731.00× | -54.56× | — | -13039.50× | -75.73× | -8.74× |
| Free Cash Flow Per Share | $-0.64 | $-0.33 | — | $-1.32 | $-0.96 | $-0.33 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 30.00K | — | — | — | — | — |
| Revenues | 917.00K | 637.00K | 279.00K | 410.00K | 802.00K | 4.91M |
| Cost of Revenue | — | 154.00K | — | 3.50M | 3.17M | — |
| Research and Development Expense | 12.82M | 4.17M | 6.31M | 8.74M | 4.91M | 2.39M |
| Selling, General and Administrative Expense | — | — | — | 16.98M | 17.02M | 9.12M |
| Operating Income (Loss) | -29.16M | -102.63M | -15.04M | -60.48M | -28.20M | -8.46M |
| Income Tax Expense (Benefit) | -2.55M | -2.68M | -255.00K | — | 18.00K | 29.00K |
| Net Income (Loss) Attributable to Parent | -30.52M | -34.41M | -1.88M | -124.66M | -23.06M | -10.75M |
| Earnings Per Share, Basic | $-1.04 | $-1.45 | $-0.08 | $-6.31 | $-1.49 | — |
| Weighted Average Number of Shares Outstanding, Basic | 29.42M | 23.75M | 23.26M | 19.77M | 16.52M | — |
| Earnings Per Share, Diluted | $-1.04 | $-1.45 | $-0.08 | $-6.31 | $-1.49 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 29.42M | 23.75M | 23.26M | 19.77M | 16.52M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 52.77M | 2.67M | 21.50M | 26.54M | 7.85M | 6.21M |
| Assets, Current | 56.71M | 72.50M | 82.94M | 108.35M | 14.76M | 9.83M |
| Assets | 114.11M | 96.83M | 98.83M | 118.32M | 154.06M | 136.35M |
| Liabilities, Current | 11.60M | 7.51M | 2.15M | 21.03M | 17.30M | 5.73M |
| Liabilities | 15.74M | 10.57M | 2.20M | 21.11M | 17.35M | 5.82M |
| Stockholders' Equity Attributable to Parent | 94.39M | 82.19M | 100.29M | 100.52M | 122.29M | 116.80M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.92M | -7.80M | -10.89M | -26.08M | -15.60M | -4.67M |
| Payments to Acquire Property, Plant, and Equipment | 4.00K | 143.00K | — | 2.00K | 206.00K | 534.00K |
| Net Cash Provided by (Used in) Investing Activities | 44.03M | -10.82M | 21.21M | -63.80M | -8.17M | -1.03M |
| Net Cash Provided by (Used in) Financing Activities | 24.83M | -179.00K | -15.22M | 103.86M | 30.30M | -96.00K |
Derived Metrics
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -14.33M | — | -10.38M | -8.55M | -5.36M | -3.05M |
| EBITDA | -6.60M | -10.09M | -12.71M | -5.85M | -6.55M | -3.76M |
| Working Capital | 30.09M | 36.24M | 45.11M | 31.41M | 58.72M | 63.24M |
| Net Debt | -37.12M | -45.48M | -50.38M | -35.55M | -45.93M | -5.77M |
| Gross Margin | — | — | — | — | 50.65% | 71.09% |
| Operating Margin | -3154.03% | -4225.42% | -3646.57% | -1633.43% | -8622.08% | -3003.13% |
| Net Margin | -3041.23% | -4090.00% | -82.86% | -1320.17% | -6027.27% | -7035.94% |
| Return on Equity (ROE) | -8.11% | -11.52% | -0.31% | -5.93% | -6.69% | -12.25% |
| Return on Assets (ROA) | -6.46% | -9.32% | -0.25% | -4.42% | -5.59% | -10.25% |
| Current Ratio | 3.44× | 4.00× | 4.89× | 3.85× | 9.26× | 9.74× |
| Debt-to-Equity | 0.01× | 0.00× | 0.03× | 0.03× | 0.03× | 0.03× |
| Effective Tax Rate | -0.76% | -0.10% | 1.42% | 37.31% | -0.38% | -0.13% |
| Cash Conversion Ratio | 2.23× | 0.69× | 35.78× | 1.79× | 1.15× | 0.34× |
| Accruals Ratio | 0.08× | -0.03× | 0.09× | 0.03× | 0.01× | -0.07× |
| SBC % of Revenue | 466.82% | 249.17% | 259.71% | 335.36% | 1118.18% | 280.47% |
| CapEx Coverage | -2865.80× | — | 10377.00× | -1709.40× | -892.83× | -507.00× |
| Free Cash Flow Per Share | $-0.28 | — | $-0.35 | $-0.34 | $-0.22 | $-0.13 |
Valuation Metrics
Income Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Revenues | 211.00K | 240.00K | 350.00K | 362.00K | 77.00K | 128.00K |
| Cost of Revenue | — | — | — | — | 38.00K | 37.00K |
| Research and Development Expense | 4.53M | 7.48M | 232.00K | 3.00M | 947.00K | 1.33M |
| Operating Income (Loss) | -6.66M | -10.14M | -12.76M | -5.91M | -6.64M | -3.84M |
| Income Tax Expense (Benefit) | 48.00K | 10.00K | -174.00K | -2.41M | 20.00K | 12.00K |
| Net Income (Loss) Attributable to Parent | -6.42M | -9.82M | -290.00K | -4.78M | -4.64M | -9.01M |
| Earnings Per Share, Basic | $-0.13 | $-0.19 | $-0.31 | $-0.19 | $-0.19 | $-0.37 |
| Weighted Average Number of Shares Outstanding, Basic | 51.23M | 51.18M | 29.42M | 25.24M | 24.15M | 24.06M |
| Earnings Per Share, Diluted | $-0.13 | $-0.19 | $-0.31 | $-0.19 | $-0.19 | $-0.37 |
| Weighted Average Number of Shares Outstanding, Diluted | 51.23M | 51.18M | 29.42M | 25.24M | 24.15M | 24.06M |
Balance Sheet
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 37.78M | 45.54M | 52.77M | 37.94M | 48.32M | 8.16M |
| Assets, Current | 42.45M | 48.32M | 56.71M | 42.44M | 65.83M | 70.48M |
| Assets | 99.31M | 105.38M | 114.11M | 108.10M | 83.04M | 87.83M |
| Liabilities, Current | 12.36M | 12.08M | 11.60M | 11.03M | 7.11M | 7.24M |
| Liabilities | 16.06M | 16.20M | 15.74M | 23.58M | 10.48M | 10.45M |
| Stockholders' Equity Attributable to Parent | 79.17M | 85.18M | 94.39M | 80.58M | 69.38M | 73.52M |
Cash Flow Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -14.33M | -6.81M | -10.38M | -8.55M | -5.36M | -3.04M |
| Payments to Acquire Property, Plant, and Equipment | 5.00K | — | -1.00K | 5.00K | 6.00K | 6.00K |
| Net Cash Provided by (Used in) Investing Activities | -685.00K | -430.00K | 163.00K | 43.87M | 51.08M | 8.57M |
| Net Cash Provided by (Used in) Financing Activities | -62.00K | -30.00K | 24.89M | -64.00K | -75.00K | -48.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RFL CIK 0001713863),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.