Rafael Holdings, Inc. (RFL) — Financial statements
Income statement, balance sheet, and cash flow for Rafael Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 0.92↑44.0% | 0.64↑128.3% | 0.28↓32.0% | 0.41↓48.9% | 0.80 | |
| Cost of Revenue | 0.42↑174.0% | 0.15 | 0.00 | 0.00↓100.0% | 0.07 | |
| Gross Profit | 0.50↑2.5% | 0.48↑73.1% | 0.28↓32.0% | 0.41↓48.9% | 0.80 | |
| Operating Expenses | ||||||
| R&D Expenses | 13↓86.4% | 94↑1389.7% | 6↓27.8% | 9↑78.2% | 5 | |
| General & Administrative Expenses | 14↑55.6% | 9↓0.9% | 9↓47.4% | 17↑246.0% | 5 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 16 | |
| SG&A Expenses | 14↑55.6% | 9↓0.9% | 9↓47.4% | 17↓16.8% | 20 | |
| Other Expenses | 0.00↓100.0% | 0.23↑188.5% | 0.08↓99.8% | 35↑856.1% | 4 | |
| Operating Expenses | 27↓74.2% | 103↑573.0% | 15↓74.8% | 61↑109.9% | 29 | |
| Total Costs & Expenses | 27↓73.8% | 103↑574.0% | 15↓74.8% | 61↑109.9% | 29 | |
| Operating Results | ||||||
| Operating Income | -26↑74.6% | -103↓582.2% | -15↑75.1% | -60↓185.3% | -21 | |
| Depreciation & Amortization | 0.29↑28.0% | 0.23↑188.5% | 0.08↑8.3% | 0.07↑2.9% | 0.07 | |
| EBITDA | -32↑51.7% | -67↓670.6% | -9↑93.8% | -140↓499.3% | -23 | |
| EBIT | -33↑51.4% | -67↓666.3% | -9↑93.8% | -140↓497.8% | -23 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1↓37.3% | 2↓34.4% | 3↑1568.2% | 0.20↑2050.0% | -0.01 | |
| Interest Income | 2↓16.2% | 2↓26.7% | 3↑1518.4% | 0.20↑9950.0% | 0.00 | |
| Interest Expense | 0.66↑165.3% | 0.25 | 0.00↓100.0% | 0.01↓50.0% | 0.01 | |
| Non-Operating Income | 6↑118.1% | -36↓465.5% | -6↓107.9% | 79 | 0.00 | |
| Other Income / Expenses | -7↓120.3% | 35↑473.3% | 6↑107.6% | -80↓1652.9% | 5 | |
| Income Before Tax | -33↑51.0% | -68↓656.4% | -9↑93.6% | -141↓509.9% | -23 | |
| Income Tax Expense | -3↑4.7% | -3↓951.0% | -0.26 | 0.00↓100.0% | 0.02 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -31↑52.9% | -65↓647.8% | -9↑93.8% | -141↓509.5% | -23 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 6↑454.0% | -2↓7.3% | -2 | |
| Net Income | -31↑11.3% | -34↓1734.2% | -2↑98.5% | -125↓407.9% | -25 | |
| Bottom-Line Net Income | -31↑11.3% | -34↓1734.2% | -2↑98.5% | -125↓407.9% | -25 | |
| EPS (Basic) | -1.04↑28.3% | -1.45↓1699.0% | -0.08↑98.7% | -6.31↓329.3% | -1.47 | |
| EPS (Diluted) | -1.04↑28.3% | -1.45↓1699.0% | -0.08↑98.7% | -6.31↓329.3% | -1.47 | |
| Weighted Average Shares | 29↑23.9% | 24↑2.1% | 23↑17.7% | 20↑19.6% | 17 | |
| Weighted Average Diluted Shares | 29↑23.9% | 24↑2.1% | 23↑17.7% | 20↑19.6% | 17 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.