How much cash does Rafael Holdings, Inc. generate?

Rafael Holdings, Inc. (RFL) generated -$32.0M in operating cash flow over the trailing twelve months.

What is Rafael Holdings, Inc.'s free cash flow?

Rafael Holdings, Inc.'s free cash flow was -$23.2M over the trailing twelve months, down 181.7% year over year.

Where does Rafael Holdings, Inc.'s cash flow data come from?

Every line is extracted from Rafael Holdings, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Rafael Holdings, Inc. RFL Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q3 '26	Q2 '26	Q1 '26	Q4 '25	Q3 '25
Net income	-$4.23M+11.6%	-$6.42M-38.3%	-$9.82M-9.0%	-$290K+93.5%	-$4.78M+85.2%
Depreciation and amortization	$48K-22.6%	$55K-38.9%	$50K-41.9%	$50K-26.5%	$62K-39.2%
Stock-based compensation	$172K-51.3%	$387K-22.9%	$598K+66.6%	$909K+108%	$353K-28.8%
Deferred income taxes	$6K+100%	$48K+140%	$10K-16.7%	-$41.25K-70.1%	-$2.41M+7.2%
Impairment charges	——	——	——	——	——
Gain (loss) on sale of assets	$750K+2,400%	$750K—	$500K—	$81K—	$30K—
Change in accounts receivable	-$1K-101%	-$118K-11,700%	-$214K+4.9%	$213K+468%	$164K+337%
Change in inventories	——	-$1K-136%	-$9K-427%	$2.75K—	$2.75K—
Change in accrued liabilities	——	-$415K—	$3K—	$450K—	$151K—
Change in other assets	——	$360K+393%	-$273K-680%	——	-$1.06M-2,367%
Change in other liabilities	——	——	——	$2K+125%	$18K+119%
Other working capital changes	——	$156K0.0%	——	$155K-0.6%	$156K+92.6%
Change in prepaid expenses	——	$1.26M—	-$231K—	-$1.37M—	——
Amortization of intangible assets	$32K0.0%	$33K-13.2%	$32K-15.8%	$33K-10.8%	$32K-37.3%
Net gains (losses) on investments	——	——	——	——	-$1.39M-46,333%
Debt issuance costs and discount amortization	——	——	——	——	——
Change in other current assets	$52K+967%	-$1K+85.7%	-$5K+37.5%	-$7K+81.6%	-$6K—
Change in receivables	——	——	-$1.21M-436%	$788K—	-$289K-566%
Change in accrued investment income	——	——	——	——	——
Net cash from operating activities	-$7.28M-128%	-$7.52M-225%	-$6.81M-124%	-$10.38M-259%	-$3.19M-1,171%
Capital expenditures	——	——	——	——	——
Purchases of intangible assets	——	——	——	——	——
Proceeds from sale of property, plant and equipment	$6K+84.6%	——	$70K+2,054%	$3.25K-95.9%	$3.25K-97.3%
Purchases of fixed maturity securities	——	——	——	$94K-99.6%	$0-100%
Acquired in-process research and development	$4.85M+61.6%	$4.53M+378%	$7.48M+464%	$232K-85.0%	$3M+96.8%
Net cash from investing activities	——	-$255K-101%	-$430K-105%	$163K+109%	——
Proceeds from issuance of common stock	$172K-51.3%	$387K-22.9%	$598K+66.6%	$23.79M+10,186%	$353K-28.8%
Taxes paid for net share settlement	$19K-42.4%	$32K+18.5%	$28K-41.7%	$107K+346%	$33K—
Net cash from financing activities	-$28K-355%	-$32K-18.5%	-$30K+37.5%	$24.89M+103,825%	$11K+137%
Effect of exchange rate changes on cash	$24K—	$50K—	$36K+3,700%	——	——
Net increase (decrease) in cash	-$7.28M—	-$7.76M-119%	-$7.23M-232%	$14.83M+412%	——
Stock-based compensation	$172K-51.3%	$387K-22.9%	$598K+66.6%	$909K+108%	$353K-28.8%
Amortization Of Debt Discount Premium	——	——	——	——	——
Amortization of capitalized software and acquired intangible assets	$32K0.0%	$33K-13.2%	$32K-15.8%	$33K-10.8%	$32K-37.3%
Asset write-downs	——	——	——	——	——
Merger related costs	——	——	——	$600K+2,300%	$200K+700%
Change In Deferred Income Taxes	——	——	——	-$41.25K—	-$41.25K—
Depreciation and amortization	$48K-22.6%	$55K-38.9%	——	——	$62K—
Debt Securities Realized Gain Loss	——	——	——	——	——
Gain Loss On Settlement Of Convertible Notes Payable	$3.72M—	$201K—	$34K—	——	——
Gain (Loss) from Litigation Settlement	$3.5M—	——	——	——	——
Increase (Decrease) in Accrued Interest Receivable, Net	——	——	——	——	——
Increase Decrease In Convertible Notes Payable	$14K+1,300%	-$12K—	$8K—	$2K—	$1K—
Increase Decrease In Due To Related Parties Current	-$18K+73.1%	——	$28K+2,700%	——	-$67K-164%
Other current liabilities	-$1.14M-399%	$505K+282%	$457K+487%	-$298K-716%	-$228K-525%
Increase (Decrease) in Other Current Assets	$52K+967%	-$1K+85.7%	-$5K+37.5%	-$7K+81.6%	-$6K—
Current liabilities	——	——	-$3K-200%	-$27K+50.9%	-$34K—
Other long-term liabilities	——	——	——	$2K+125%	$18K+119%
Increase (Decrease) in Other Receivables	——	——	-$1.21M-1,466%	$788K—	$0—
Increase (Decrease) in Prepaid Expense and Other Assets	——	$360K+393%	-$273K-680%	——	-$1.06M-2,367%
Increase (Decrease) in Prepaid Expense	——	$1.26M—	-$231K—	-$1.37M—	——
Acquired in-process research and development and milestones	——	——	$4M0.0%	——	——
Severance Costs	——	——	——	$852.17K—	——
Unrealized Gain On Convertible Notes Receivable Due From Cyclo	——	——	——	$0-100%	$383K+28.6%
Unrealized Lossgain On Equity Investments	——	——	——	——	-$1.39M-15,159%
Issuance Of Convertible Notes Due From Cyclo	——	——	——	——	$4.5M+550%
Issuance Of Convertible Notes Receivable Due From Cyclo	——	——	——	——	——
Payments Of Cash Acquired In Acquisition Of Day Three Net Of Cash Payments	——	——	——	——	——
Payments to Acquire Held-to-Maturity Securities	——	——	——	$94K-99.6%	$0-100%
Payments to Acquire Intangible Assets	——	——	——	——	——
Proceeds from Decommissioning Trust Fund Assets	——	——	——	$257K-58.9%	——
Sale of investments	——	——	——	——	——
Proceeds from disposals of property, plant and equipment	$6K+84.6%	——	$70K+2,054%	$3.25K-95.9%	$3.25K-97.3%
Proceeds From The Sale And Maturities Of Availableforsale Securities	——	——	——	——	——
Purchase Of Preferred Shares And Warrants From Nina Medical	——	$250K—	$500K—	——	——
Cash Paid To Settle Convertible Notes Payable	$9K—	——	$2K—	——	——
Payments For Repurchase Of Initial Public Offering	——	——	$2M0.0%	——	——
Payments For Repurchase Of Warrants	——	——	$3.6M+300%	$900K—	$900K—
Costs And Expenses Related Party	$60K-1.6%	$69K-18.8%	$88K+25.7%	$54K-21.7%	$61K-23.8%
Current Income Tax Expense (Benefit)	——	——	——	-$597K+7.5%	-$597K+7.5%
Provision for income taxes from discontinued operations	$30K+7.1%	$29K0.0%	$30K+11.1%	$56K+107%	$28K+3.7%
Fair Value Adjustment Of Warrants	——	——	——	——	$0—
General and administrative costs	$2.14M-32.5%	$2.27M-12.4%	$2.84M+12.5%	$58K-97.5%	$3.17M+64.8%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments	——	——	——	-$8.3M+51.0%	-$8.3M+51.0%
Other	——	——	——	-$260.75K-266%	-$260.75K-266%
Income Tax Reconciliation Rate Change	——	——	——	$35K—	$35K—
Interest Expense, Nonoperating	$6K-96.4%	$161K-1.2%	$160K-1.2%	——	$165K—
Customer receivables and Other	$286K-39.4%	$337K-31.1%	$399K-29.8%	$467K-22.9%	$472K-6.0%
Issued And Outstanding Ordinary Shares Percentage	——	——	——	——	——
Long Term Debt Average Amount Outstanding	——	——	$2.5M0.0%	$2.5M0.0%	——
Noninterest Expense Related To Performance Fees	——	——	——	——	——
Other comprehensive income (loss) applicable to noncontrolling interests	$1.33M+82.3%	$88K+113%	$17K+108%	——	$728K+102%
Other Research And Development Expense	$22K-51.1%	$44K+15.8%	$428K+997%	$43K-20.4%	$45K-15.1%
Payments For Fees	——	——	$100K—	——	——
Percentage Of Revenue	13%+5.0%	13%-25.0%	13%-8.0%	12%-5.0%	8%—
Percentage Of Shares Outstanding	——	——	6.3%—	——	——
Proceeds From Notes Payable	——	——	$10B+99,900%	——	——
Proceeds From Sale Of Interest In Partnership Unit	——	——	——	$11K-95.2%	$11K-95.2%
Recapitalization of redeemable convertible preferred stock from pre-closing stock repurchase	——	——	——	——	——
Related Party Transaction Amounts Of Transaction	——	$20M—	——	——	——
Revenue From Contract With Customer Excluding Assessed Tax	——	——	——	$7.5K—	$7.5K—
Revenues	$179K-50.6%	$211K+174%	$240K+87.5%	$350K+112%	$362K+7.7%
Royalty Expense	——	——	$10K-99.9%	——	——
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate	——	——	88%—	87%—	——
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value	——	——	$1.02—	$1.50+11.9%	$1.50—
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate	——	——	3.7%—	4.1%—	——
Upon redemption of Accenture Holdings plc ordinary shares	——	——	——	——	$360K—
Increases based on the acquisition of E*TRADE	——	——	——	$2.43M—	$2.43M—
Free cash flow	-$7.28M-128%	——	——	-$10.38M-258%	-$3.19M-750%
Free cash flow	-$7.28M-128%	——	——	-$10.38M-258%	-$3.19M-750%

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Questions, answered.

How much cash does Rafael Holdings, Inc. generate?: Rafael Holdings, Inc. (RFL) generated -$32.0M in operating cash flow over the trailing twelve months.
What is Rafael Holdings, Inc.'s free cash flow?: Rafael Holdings, Inc.'s free cash flow was -$23.2M over the trailing twelve months, down 181.7% year over year.
Where does Rafael Holdings, Inc.'s cash flow data come from?: Every line is extracted from Rafael Holdings, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.