What is Rafael Holdings, Inc.'s revenue?

Rafael Holdings, Inc. (RFL) generated $980.0K in revenue over the trailing twelve months, up 33.9% year over year.

Is Rafael Holdings, Inc. profitable?

Rafael Holdings, Inc. is not currently profitable: it reported a net loss of $20.7M over the trailing twelve months, a -2117.2% net margin.

What are Rafael Holdings, Inc.'s profit margins?

Gross margin is 71.9% and operating margin is -3717.2%, with a -2117.2% net margin.

What is Rafael Holdings, Inc.'s earnings per share?

Rafael Holdings, Inc.'s diluted EPS over the trailing twelve months is $-0.71.

Where does Rafael Holdings, Inc.'s income statement 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 Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25
Total revenue	$980K+33.9%	$1.16M+64.7%	$1.03M+47.6%	$917K+44.0%	$732K+35.6%
Gross profit	——	——	——	——	$526K—
Research and development	$17.1M+151%	$15.25M+185%	$11.67M+133%	$5.51M+32.1%	$6.82M+75.2%
General and administrative	$7.31M-31.2%	$8.34M-11.0%	$8.66M-7.3%	$8.34M-5.8%	$10.61M+34.0%
Depreciation and amortization	$203K-33.7%	$217K-37.3%	$252K-14.3%	$288K+28.0%	$306K+74.9%
Restructuring charges	——	——	——	——	——
Goodwill impairment	——	——	——	——	——
Impairment charges	——	——	——	——	——
Acquisition and integration costs	——	——	——	$1M+900%	$425K—
Operating income	-$36.43M-80.0%	-$35.47M+67.0%	-$35.46M+65.9%	-$29.16M+71.6%	-$20.24M+80.0%
Operating margin	-3,717.2%-952pp	-3,050%+12,175pp	-3,445.7%+11,474pp	-3,179.8%+12,931pp	-2,765.2%+16,011pp
Interest expense	$495K-24.2%	$654K+14.1%	$656K—	$658K—	$653K—
Other income (expense), net	$325K—	$504K—	$427K—	$310K—	——
Gain (loss) on disposal of assets	——	——	——	——	——
Income before income taxes	-$31.19M-20.4%	-$34.76M+58.8%	-$33.78M+53.7%	-$33.2M+50.6%	-$25.91M—
Income tax expense	-$110K+95.5%	-$2.53M+4.8%	-$2.56M+4.5%	-$2.55M+4.7%	-$2.47M+4.9%
Net income	-$20.75M+9.4%	-$21.3M+57.8%	-$19.53M+50.9%	-$18.72M+45.6%	-$22.89M—
Net margin	-2,117.2%+1,010pp	-1,831.6%+5,317pp	-1,897.6%+3,809pp	-2,041%+3,361pp	-3,127.6%—
Net income attributable to noncontrolling interests	——	——	——	——	-$549K+98.2%
Diluted earnings per share	-$0.71+24.5%	-$0.82+61.1%	-$0.88+47.3%	-$1.06+26.9%	-$0.94—
Basic earnings per share	-$0.71+24.5%	-$0.82+61.1%	-$0.88+47.0%	-$1.06+26.4%	-$0.94—
Weighted-average shares, diluted	183.1M+88.3%	157.1M+64.1%	130M+35.4%	102.9M+7.6%	97.2M+2.2%
Weighted-average shares, basic	183.1M+88.3%	157.1M+64.1%	130M+36.5%	102.9M+8.5%	97.2M+3.0%
Depreciation and amortization	——	——	——	——	——
Costs And Expenses Related Party	$271K-4.9%	$272K-10.5%	$288K0.0%	$270K-8.8%	$285K-36.9%
Legal contingency and settlement	——	——	——	——	——
Performance related compensation	——	——	——	——	——
Recapitalization Costs	——	——	——	——	——
Purchased power and fuel from affiliates	——	——	——	——	——
Royalty expense	——	——	——	——	——
Acquired Inprocess Researchamp Development Due To Cyclo Merger	——	——	——	$30M—	——
Additional Liability Long Duration Insurance Issuance	——	——	——	——	——
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	$186K+31.0%	$200K+39.9%	$195K+30.0%	$215K+58.1%	$142K—
Pre-tax stock-based compensation cost	$2.07M+25.2%	$2.25M+25.3%	$2.36M+17.7%	$2.12M-7.5%	$1.65M-31.3%
Amortization Of Debt Discount Premium	——	——	——	——	——
Amortization of capitalized software and acquired intangible assets	$130K-10.3%	$130K-20.7%	$135K-2.2%	$141K—	$145K—
Stock options excluded as their inclusion would be anti-dilutive (in shares)	12.5M+95.7%	12.4M+149%	10.9M+153%	8.9M+99.0%	6.4M+48.7%
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax	——	——	——	-$63.47M+49.7%	-$42.25M+65.3%
Business Acquisitions Pro Forma Net Income Loss	——	——	——	-$57.52M—	-$36.79M—
Business Acquisitions Pro Forma Revenue	——	——	——	$2.05M+15.7%	$1.52M-1.9%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-$7.44M—	——	——	——	——
Cash Paid To Settle Convertible Notes Payable	——	——	——	——	——
Change In Deferred Income Taxes	——	——	——	-$165K—	——
Combined Voting Percentage	——	——	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$31.97M-41.4%	-$32.73M+34.8%	-$30.97M+21.5%	-$30.17M+11.3%	-$22.6M—
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	-$30.5M-31.7%	-$31.86M+60.9%	-$30.88M+56.0%	-$30.3M+53.1%	-$23.16M—
Conversion Of RFL Line Of Credit Into Cornerstone Common Stock	——	——	——	——	——
Amounts Paid	——	——	——	——	——
Day Three Acquisition	——	——	——	——	——
Realized gain	——	——	——	——	——
Federal	——	——	——	-$160K-841%	-$124.25K—
Deferred Foreign Income Tax Expense Benefit	——	——	——	——	——
Deferred taxes	——	——	——	-$165K-70.1%	-$148K—
State	——	——	——	-$5K+28.6%	-$5.5K—
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Credits Research	——	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Settlements Other	——	——	——	——	——
Employee Retention Credits Accrued Amount	——	——	——	——	——
Employee Retention Credits Other Income	——	——	——	——	——
Employee Retention Credits Other Income And Interest Income	——	——	——	$36K—	——
Employee Retention Credits Other Receivable	——	——	——	——	——
Escalation Amount	——	——	——	——	——
Exchange Of Day Three Promissory Notes For Common Stockin Shares	——	——	——	$2M—	——
Exchanges Ratio With Cyclo Merger	——	——	——	——	——
Gains (losses) - FVO: changes in fair value	——	——	——	$25K—	——
Investment management and advisory fees	——	——	——	$428K—	——
Gain Loss On Sale Of Property Plant Equipment	——	——	-$6.75K—	-$81K—	——
Gain Loss On Settlement Of Convertible Notes Payable	——	——	——	——	——
Gain On Sale Of Investments	——	——	——	——	——
Gain On Settlement Of Accounts Payable And Convertible Notes Payable	——	——	——	——	——
Goodwill impairment losses	——	——	——	——	——
Income Loss From Continuing Operations Before Income Taxes Domestic	——	——	——	-$32.34M+52.2%	-$41.17M—
Income Loss From Continuing Operations Before Income Taxes Foreign	——	——	——	-$858K-2,760%	-$651K+6.3%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	——	——	——	$9.21M-54.9%	$12.01M-25.2%
Income Tax Reconciliation Cornerstone Acquisition Impact To Deferred Tax	——	——	——	——	——
Income Tax Reconciliation Derecognition Of Cornerstone Investment Due To Cornerstone Acquisition	——	——	——	——	——
Income Tax Reconciliation Foreign Income Tax Rate Differential	——	——	——	-$34K-3,300%	-$25.75K+82.4%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	——	——	——	-$6.97M+50.9%	-$8.78M+21.1%
Nontaxable or Nondeductible items	——	——	——	$1.36M+102%	$1.19M—
Income Tax Reconciliation Orphan Drug Credits	——	——	——	-$1.05M—	——
Income Tax Reconciliation Rate Change	——	——	——	$140K—	——
Income Tax Reconciliation Sales Of State NO Ls	——	——	——	-$2.43M+7.0%	-$2.48M-22.0%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	——	——	——	-$1.74M-196%	-$852.5K-169%
Increase (Decrease) in Accounts Receivable	-$120K-390%	$45K+130%	$162K+244%	$151K+0.7%	-$24.5K—
Increase Decrease In Accrued Interest Receivable Net	——	——	——	——	——
Accrued liabilities	——	$189K—	——	——	——
Increase Decrease In Convertible Notes Payable	$12K—	-$1K—	——	——	——
Increase Decrease In Due To Related Parties Current	——	——	——	——	-$69K-148%
Increase (Decrease) in Inventories	——	-$4.5K—	-$750—	$11K—	——
Increase (Decrease) in Other Accounts Payable and Accrued Liabilities	-$474K+28.2%	$436K+193%	-$347K-52.5%	-$922K-532%	-$660.5K—
Increase (Decrease) in Other Current Assets	$39K+166%	-$19K—	-$25K—	-$28K—	-$59K—
Increase (decrease) in other current liabilities	——	——	-$69K—	-$67K—	-$95K—
Increase (decrease) in all other liabilities	——	——	——	$15K+121%	$5K+108%
Increase (Decrease) in Other Receivables	——	——	-$856K—	$273K—	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	——	——
Increase (Decrease) in Prepaid Expense	——	——	——	——	——
Installment Amount	——	——	——	——	——
After tax effect of debt interest	——	——	——	——	——
Issuance Of Convertible Notes Due From Cyclo	——	——	——	——	$18.5M—
Issuance Of Convertible Notes Receivable Due From Cyclo	——	——	——	——	——
Issued And Outstanding Ordinary Shares Percentage	——	——	——	——	——
Lease Income	$340K+12.2%	$327K+9.0%	$318K+9.3%	$309K+9.6%	$303K+9.0%
License Issuance Fee	——	——	——	——	——
Management And Service Fees Rate	——	——	——	——	——
ncome Tax Reconciliation Permanent Items Cornerstone Acquisition	——	——	——	——	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	$24.8M+28,286%	$24.84M+19,358%	$24.85M+2,503%	$24.83M+13,972%	-$88K+53.7%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	——	——	——	——	——
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	-$31.99M-180%	-$27.9M-228%	-$22.69M-160%	-$18.92M-143%	-$11.44M-79.8%
Net Income Loss Attributable To Noncontrolling Interest	——	——	——	——	-$549K+98.2%
Net Operating Loss Carryforwards	——	——	——	——	——
Number of operating segments	——	——	——	——	——
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax	-$169K-483%	-$149K-1,390%	-$127K-354%	-$96K-281%	-$29K—
Net unrealized gains (losses) on securities still held	——	——	——	$247K-46.8%	$257K—
Other General and Administrative Expense	$1.53M+4.1%	$1.69M+5.2%	$1.81M+0.1%	$1.96M-1.8%	$1.47M-30.8%
Other income, net (Note 6)	$325K—	$504K—	$427K—	$310K—	——
Outstanding Principal And Accrued Interest	——	——	——	——	——
Payments For Repurchase Of Initial Public Offering	——	——	——	——	——
Payments For Repurchase Of Warrants	——	——	$6.3M—	$3.6M—	——
Payments Of Cash Acquired In Acquisition Of Day Three Net Of Cash Payments	——	——	——	——	——
Payment, Tax Withholding, Share-Based Payment Arrangement	$186K+40.9%	$200K—	$195K—	$215K—	$132K—
Payments to Acquire Businesses, Net of Cash Acquired	——	——	——	$2.71M—	——
Payments to Acquire Held-to-Maturity Securities	——	——	——	$16.99M-89.1%	$38.89M-77.4%
Payments to Acquire Intangible Assets	——	——	——	——	——
Payments to Acquire Property, Plant, and Equipment	——	——	——	——	——
Percentage Of Limitation On Taxable Income	——	——	——	——	——
Percentage Of Revenue	51%-33.0%	46%—	71%—	79%—	84%—
Percentage Of RP Finance Top Up Shares	——	——	——	——	——
Percentage Of Shares Outstanding	——	——	——	——	——
Proceeds from Decommissioning Trust Fund Assets	——	——	——	——	——
Dispositions of property, plant, and equipment	——	——	$79.75K—	$13K—	$89.75K—
Proceeds From The Sale And Maturities Of Availableforsale Securities	——	——	——	——	——
Purchase Of Preferred Shares And Warrants From Nina Medical	——	——	——	——	——
Purchase Of Warrants	——	——	——	——	——
Reimbursement Of Issuance Fee	——	——	——	——	——
Acquired in-process research and development and milestones	——	——	——	——	——
Reduction of employees (as a percent)	——	——	——	——	——
Stock-based compensation	$2.07M+25.2%	$2.25M+25.3%	$2.36M+17.7%	$2.12M-7.5%	$1.65M-31.3%
Granted (in shares)	——	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost	——	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Outstanding Rollover Options	——	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price Rollover Options	——	——	——	——	——
Granted (in shares)	——	——	——	——	——
Stock Issued During Period Shares Purchase Of Assets	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	——	——	——	——	——
Stock Issued During Period Value Common Stock Issued As Part Of Cyclo Merger	——	——	——	——	——
Stock Issued During Period Value DTLM Shares Issued In Connection With The DTLM Sale Transactions	——	——	——	——	——
Stock Issued During Period Value Replacement Warrants Issued In Connection With Cyclo Merger	——	——	——	——	——
Stock Issued During Period Value Sale Of Rafael Medical Devices Membership Units	——	——	——	——	——
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$2.07M+25.5%	$2.25M+25.6%	$2.37M+18.0%	$2.13M-7.3%	$1.65M-31.3%
Transaction Costs Related To The Rights Offering Included In Accounts Payable	——	——	——	$94K—	——
Unrealized Gain Loss On Investments	——	——	——	——	-$4.96M—
Unrealized Gain On Convertible Notes Receivable Due From Cyclo	——	——	——	-$719K-160%	-$421.25K—
Unrealized Loss On Convertible Notes Receivable Due From Cyclo	——	——	——	——	——
Unrealized Lossgain On Equity Investments	——	——	——	——	——
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	——	——	——	$1.05M-83.2%	$2.34M—
Additions for tax positions of prior years	——	——	——	——	——
Withdrawal Receivable From Hedge Funds Included In Other Current Assets	——	——	——	——	——
EBIT	-$36.43M-80.0%	-$35.47M+67.0%	-$35.46M+65.9%	-$29.16M+71.6%	-$20.24M+80.0%
EBITDA	-$36.23M-81.7%	-$35.26M+67.1%	-$35.2M+66.1%	-$28.87M+71.8%	-$19.94M+80.3%
EBITDA	-$36.23M-81.7%	-$35.26M+67.1%	-$35.2M+66.1%	-$28.87M+71.8%	-$19.94M+80.3%
EBITDA margin	-3,696.5%-973pp	-3,031.4%+12,145pp	-3,421.2%+11,457pp	-3,148.4%+12,927pp	-2,723.4%+16,021pp
EBIT	-$36.43M-80.0%	-$35.47M+67.0%	-$35.46M+65.9%	-$29.16M+71.6%	-$20.24M+80.0%

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Questions, answered.

What is Rafael Holdings, Inc.'s revenue?: Rafael Holdings, Inc. (RFL) generated $980.0K in revenue over the trailing twelve months, up 33.9% year over year.
Is Rafael Holdings, Inc. profitable?: Rafael Holdings, Inc. is not currently profitable: it reported a net loss of $20.7M over the trailing twelve months, a -2117.2% net margin.
What are Rafael Holdings, Inc.'s profit margins?: Gross margin is 71.9% and operating margin is -3717.2%, with a -2117.2% net margin.
What is Rafael Holdings, Inc.'s earnings per share?: Rafael Holdings, Inc.'s diluted EPS over the trailing twelve months is $-0.71.
Where does Rafael Holdings, Inc.'s income statement 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.