Financial health
- Operating income covered interest expense -44.3× in the latest year.
- The company is unprofitable; at its current free-cash-flow burn it has roughly 2.8 years of cash runway.
RFL Financials Rafael Holdings, Inc.
10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $30000 | -$31M | 0.0% | -97196.7% | -$19M | — | $53M |
| 2024 | — | -$34M | — | — | -$8M | — | $3M |
| 2023 | — | -$2M | — | — | — | — | $21M |
| 2022 | — | -$125M | — | — | -$26M | — | $27M |
| 2021 | — | -$23M | — | — | -$16M | — | $8M |
| 2020 | — | -$11M | — | — | -$5M | — | $6M |
| 2019 | — | -$5M | — | — | -$4M | — | $12M |
| 2018 | — | -$12M | — | — | -$3M | — | $16M |
| 2017 | — | $138000 | — | — | -$3M | — | $12M |
| 2016 | — | $710000 | — | — | -$1M | — | $2M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Apr '26 | $179000 | -$4M | 0.0% | -3838.0% | -$7M | — | $30M |
| Jan '26 | $211000 | -$6M | 0.0% | -3154.0% | — | — | $38M |
| Oct '25 | $240000 | -$10M | 0.0% | -4225.4% | — | — | $46M |
| Jul '25 | $350000 | -$290000 | 0.0% | -3646.6% | -$10M | — | $53M |
| Apr '25 | $362000 | -$5M | 0.0% | -1633.4% | -$3M | — | $38M |
| Jan '25 | $77000 | -$5M | 50.6% | -8622.1% | -$2M | — | $48M |
| Oct '24 | $128000 | -$9M | 71.1% | -3003.1% | -$3M | — | $8M |
| Jul '24 | $165000 | -$4M | 58.2% | -2330.3% | -$3M | — | $3M |
| Apr '24 | $336000 | -$32M | 74.7% | -27726.5% | -$375000 | — | $7M |
| Jan '24 | $68000 | $6M | 0.0% | -4622.1% | — | — | $7M |
| Oct '23 | $68000 | -$4M | 0.0% | -3644.1% | — | — | $13M |
| Jul '23 | $68000 | $1M | 0.0% | -3839.7% | — | — | $21M |
| Apr '23 | $71000 | -$1M | 100.0% | -4269.0% | — | — | $15M |
| Jan '23 | $70000 | -$3M | 100.0% | -6084.3% | — | — | $10M |
| Oct '22 | $70000 | $2M | -255.7% | -7345.7% | — | — | $22M |
| Jul '22 | $69000 | -$3M | 0.0% | -7011.6% | -$2M | — | $27M |
| Apr '22 | $76000 | -$6M | -951.3% | -6171.1% | -$10M | — | — |
| Jan '22 | $74000 | -$2M | -1300.0% | -2160.8% | -$7M | — | — |
| Oct '21 | $191000 | -$129M | -337.2% | -25936.1% | -$7M | — | $72M |
| Jul '21 | -$2M | -$11M | 0.0% | 518.7% | -$7M | — | $8M |
Valuation over time
How the market has priced RFL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 2934.2× (Jul '25) to 4619.5× (Jun '26).
P/S
Frequently asked questions
Is RFL growing its revenue and profit?
See the revenue and net-income charts above for Rafael Holdings, Inc.'s multi-year trend.
How much debt does RFL have?
As of FY2025, Rafael Holdings, Inc. reported — of total debt against $53M of cash; operating income covered interest expense -44.3×.
What is RFL's profit margin?
In FY2025, gross margin was —, operating margin -97196.7%, and net margin -101733.3%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.