RFL

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Rafael Holdings, Inc. Class B

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Key Metrics

Previous Close: $1.81
52-Week Range: $1.12 – $3.96
Market Cap: $96.20M
P/E (TTM): —
EPS (TTM): -0.72
Dividend Yield: —

Advanced Metrics

Price/Book: 1.28
PEG Ratio: —
Return on Equity: -37.59%
Return on Assets: -22.77%
Gross Margin: 95.10%
Operating Margin: -3837.99%
Profit Margin: 0.00%
Current Ratio: 3.16
Debt/Equity: 0.01
Total Debt: $610.00K
Free Cash Flow: $-20.67M
Revenue Growth: -50.60%
Earnings Growth: —
Enterprise Value: $71.73M

RFL Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$410.00K	$279.00K	$637.00K	—
Cost of Revenue	—	$0.00	$154.00K	—
Gross Profit	—	$279.00K	$483.00K	—
Research & Development	$8.74M	$6.31M	$94.03M	—
Selling, General & Admin	$16.98M	$8.93M	$8.85M	—
Operating Expenses	$60.89M	$15.32M	$103.11M	—
Operating Income	-$60.48M	-$15.04M	-$102.63M	—
EBITDA	-$139.89M	-$8.67M	-$66.79M	—
Pretax Income	-$139.97M	-$8.74M	-$67.26M	—
Income Tax	$0.00	-$255.00K	-$2.68M	—
Net Income	-$124.66M	-$1.88M	-$34.41M	—
Diluted EPS	-6.22	-0.08	-1.43	-1.04
Diluted Shares	20.05M	22.58M	24.09M	29.42M

RFL Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$77.00K	$362.00K	$240.00K	$211.00K	$179.00K
Cost of Revenue	$38.00K	$40.00K	$9.00K	$12.00K	$8.00K
Gross Profit	$39.00K	$322.00K	$231.00K	$199.00K	$171.00K
Research & Development	$947.00K	$3.00M	$7.48M	$4.53M	$4.85M
Selling, General & Admin	$2.59M	$3.17M	$2.84M	$2.27M	$2.14M
Operating Expenses	$3.63M	$6.24M	$10.37M	$6.85M	$7.04M
Operating Income	-$3.59M	-$5.91M	-$10.14M	-$6.66M	-$6.87M
EBITDA	-$5.05M	-$6.24M	-$9.58M	-$6.06M	-$2.84M
Pretax Income	-$5.31M	-$6.46M	-$9.79M	-$6.28M	-$2.89M
Income Tax	$20.00K	-$2.41M	$10.00K	$48.00K	$6.00K
Net Income	-$4.64M	-$4.78M	-$9.82M	-$6.42M	-$4.23M
Diluted EPS	-0.19	-0.19	-0.19	-0.13	-0.08
Diluted Shares	24.50M	25.60M	51.18M	51.23M	51.23M

RFL Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$48.32M	$37.94M	$45.54M	$37.78M	$30.50M
Receivables	$16.79M	$414.00K	$413.00K	$295.00K	$294.00K
Inventory	—	$288.00K	$272.00K	$271.00K	$276.00K
Current Assets	$65.83M	$42.44M	$48.32M	$42.45M	$34.86M
Total Assets	$83.04M	$108.10M	$105.38M	$99.31M	$91.99M
Current Liabilities	$7.11M	$11.03M	$12.08M	$12.36M	$11.02M
Long-Term Debt	$75.00K	$76.00K	$56.00K	$52.00K	$2.00K
Total Debt	$2.39M	$690.00K	$664.00K	$660.00K	$610.00K
Total Liabilities	$10.48M	$23.58M	$16.20M	$16.06M	$11.19M
Retained Earnings	-$215.39M	-$220.17M	-$242.08M	-$248.50M	-$252.72M
Shareholders' Equity	$69.38M	$80.58M	$85.18M	$79.17M	$75.39M
Working Capital	$58.72M	$31.41M	$36.24M	$30.09M	$23.84M

RFL Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$2.31M	-$3.19M	-$6.81M	-$7.52M	-$7.28M
Capital Expenditure	-$8.00K	—	—	—	—
Free Cash Flow	-$2.32M	-$3.19M	-$6.81M	-$7.53M	-$7.28M
Depreciation & Amortisation	$90.00K	$62.00K	$50.00K	$55.00K	$48.00K
Stock-Based Compensation	$502.00K	$353.00K	$598.00K	$387.00K	$172.00K
Investing Cash Flow	$42.50M	-$7.20M	-$430.00K	-$255.00K	$6.00K
Financing Cash Flow	-$27.00K	$11.00K	-$30.00K	-$32.00K	-$28.00K
Share Repurchases	$0.00	$0.00	—	—	—
Net Change in Cash	$40.16M	-$10.38M	-$7.27M	-$7.81M	-$7.31M

Market Snapshot

About

Rafael Holdings, Inc. Class B operates as a holding company with interests in pharmaceutical development and commercial real estate. The company supports clinical-stage biotech programs focused on cancer metabolism while maintaining income-producing real estate properties. Rafael provides capital and strategic support to its portfolio companies.