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Rafael Holdings, Inc. RFL Acquired in-process research and development and milestones

Acquired in-process research and development and milestones at other companies

RFL
Rafael Holdings, Inc.RFL
$4M0.0%
RFL
Rafael Holdings, Inc.RFL
$4M0.0%
Avanos Medical logo
Avanos MedicalAVNS
$5.2M-3.7%
Minerals Technologies logo
Minerals TechnologiesMTX
$6.1M+5.2%
Wrap Technologies logo
Wrap TechnologiesWRAP
$105K-72.2%
Oruka Therapeutics, Inc. logo
Oruka Therapeutics, Inc.ORKA
$29.15M+46.3%

Other financials

Income statement

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Revenue$179.0K-50.6%
Gross profit$131.0K-56.3%
Operating income-$6.9M-16.2%
Net income-$4.2M+11.6%
EPS (diluted)-$0.08+57.9%

Balance sheet

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Cash & equivalents$30.5M-19.6%
Total debt$21.9M+995%
Total equity$75.4M-6.4%
Total assets$92.0M-14.9%

Cash flow

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Operating cash flow-$7.3M-128%
CapEx$6.0K
Free cash flow-$7.3M-128%

Valuation

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Market cap$170.56M+189%
P/S174×+93.5×

Profitability

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Gross margin71.9%
Operating margin-3,717.2%+1,952pp
Net margin-2,117.2%-517pp
FCF margin-2,064.1%

Returns & leverage

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Return on equity-26.6%-0.8pp
Debt / equity0.3×+0.2×
Current ratio3.2×-0.7×

Where this comes from

Reported directly by Rafael Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationFairValueAcquired.

The official record: Rafael Holdings, Inc.’s 10-Q, filed December 12, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rafael Holdings, Inc.'s acquired in-process research and development and milestones?
Rafael Holdings, Inc. (RFL) reported acquired in-process research and development and milestones of $4M in Q3 2025.
How has Rafael Holdings, Inc.'s acquired in-process research and development and milestones changed year-over-year?
Rafael Holdings, Inc.'s acquired in-process research and development and milestones decreased by 0.0% year-over-year, from $4M to $4M.
What does acquired in-process research and development and milestones mean?
The fair value of in-process research and development (IPR&D) assets acquired through transactions other than standard business combinations, such as direct asset purchases or licensing agreements. This metric highlights the company's strategy for inorganic growth in its innovation pipeline. It is a critical measure of capital deployed toward future therapeutic or technological capabilities.