Stocks Health care RFL
NYSE · Health careRafael Holdings, Inc. (RFL)
It posted a net loss of $20.7M. In fiscal 2025 capital spending exceeded operating cash flow by $18.9M. At April 30, 2026 it held $30.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on June 11, 2026.
Key facts about Rafael Holdings, Inc.
- Net worth
- Rafael Holdings, Inc. has a market value (market cap) of $55.6M at the latest share price, and shareholders' equity of $75.4M on its balance sheet at April 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $917K (+44.0% year on year), with a net loss of $30.5M.
- Cash flow
- In fiscal 2025 operations used $18.9M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on June 11, 2026 and covers the period to April 30, 2026. Open on SEC EDGAR
- Next earnings report
- Rafael Holdings, Inc.'s next report was expected around October 28, 2026 and is not on file with the SEC yet.
What Rafael Holdings, Inc. does
Rafael Holdings, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NYSE under the ticker RFL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $917K | -$30.5M | -$1.04 | -$18.9M |
| 2024 | $637K | -$34.4M | -$1.45 | -$7.9M |
| 2023 | $279K | -$1.9M | -$0.08 | n/a |
| 2022 | $410K | -$124.7M | -$6.31 | -$26.1M |
| 2021 | $802K | -$23.1M | -$1.49 | -$15.8M |
| 2020 | $4.9M | -$10.8M | -$0.66 | -$5.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where RFL ranks in Health care
Latest SEC filings
What Rafael Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 30, 2026
- July 8, 2026
- June 11, 2026Quarterly report 10-Q · period to April 30, 2026Revenue fell 51% to $179K versus the same quarter last year; diluted EPS -$0.08 versus -$0.19.
- June 11, 2026
- June 10, 2026
- April 22, 2026
- March 16, 2026Quarterly report 10-Q · period to January 31, 2026Revenue rose 174% to $211K versus the same quarter last year; diluted EPS -$0.13 versus -$0.19.
- March 16, 2026
- January 27, 2026
- January 12, 2026
Insider trades
What the people running Rafael Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 21, 2026 | Polinsky DavidChief Financial Officer | Shares withheld for tax | 2,027 | $4.1K |
| July 29, 2026 | Jonas Howard SExec Chairman, CEO & President, Director, 10% owner | Received as pay | 54,945 | $150K |
| June 21, 2026 | Polinsky DavidChief Financial Officer | Shares withheld for tax | 2,386 | $6.3K |
| June 13, 2026 | Jonas Howard SExec Chairman, CEO & President, Director, 10% owner | Shares withheld for tax | 8,786 | $20.5K |
| June 13, 2026 | Jonas Howard SExec Chairman, CEO & President, Director, 10% owner | Received as pay | 142,857 | $250K |
| March 21, 2026 | Polinsky DavidChief Financial Officer | Shares withheld for tax | 2,318 | $3K |
| March 13, 2026 | Jonas Howard SExec Chairman, CEO & President, Director, 10% owner | Shares withheld for tax | 9,826 | $14.8K |
| January 28, 2026 | Sieger MarkusDirector | Received as pay | 29,528 | $37.5K |
Who owns RFL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Howard S. Jonas13D, may seek influence | 28.4% | June 9, 2025 |
| I9 Plus, LLC13D, may seek influence | 7% | June 9, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 43 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Vanguard Capital Management LLC | 1,365,997 | +106,086 |
| Geode Capital Management, LLC | 429,879 | -12,525 |
| BlackRock, Inc. | 390,068 | +24,450 |
| Dimensional Fund Advisors LP | 278,910 | 0 |
| Vanguard Fiduciary Trust Co | 206,521 | +1,566 |
| Ieq Capital, LLC | 164,963 | -24,997 |
| State Street Corp | 157,270 | +95,100 |
| Kahn Brothers Group Inc | 150,493 | +91,936 |
| Jane Street Group, LLC | 112,720 | +67,675 |
| Wells Fargo & Company | 103,590 | +239 |
| Northern Trust Corp | 88,602 | +4,588 |
| Susquehanna International Group, Llp | 70,673 | +47,395 |
| Renaissance Technologies LLC | 59,815 | -29,323 |
| LPL Financial LLC | 55,770 | -650 |
| Citadel Advisors LLC | 49,122 | +38,541 |
| Cerity Partners LLC | 44,023 | -709 |
| Americana Partners, LLC | 43,793 | 0 |
| Wellington Shields Capital Management, LLC | 28,953 | +2,953 |
| Morgan Stanley | 12,334 | +2,526 |
| Simplex Trading, LLC | 12,082 | +11,945 |
Insiders
6 insiders reported holding 1,228,092 shares in total, about $1.3M at the last price.
| Holder | Shares |
|---|---|
| Jonas Howard SExec Chairman, CEO & President, Director, 10% owner | 512,030 |
| Polinsky DavidChief Financial Officer | 297,084 |
| Sieger MarkusDirector | 219,710 |
| Weiss Michael JDirector | 141,861 |
| Stein Mark NDirector | 50,845 |
| Grayson AlanDirector | 6,562 |
Questions about RFL
What does Rafael Holdings, Inc. do?
Rafael Holdings, Inc. is a company in the Health care sector, listed on NYSE as RFL. Its shares trade on NYSE under the ticker RFL.
What is Rafael Holdings, Inc.'s net worth?
Rafael Holdings, Inc. has a market value (market cap) of $55.6M at the latest share price, and shareholders' equity of $75.4M on its balance sheet at April 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Rafael Holdings, Inc. profitable?
No. Over the twelve months to April 30, 2026 it reported a net loss of $20.7M.
When did Rafael Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on June 11, 2026. It covers the period to April 30, 2026. Its newest filing of any kind is the investor disclosure from September 30, 2026.
When is Rafael Holdings, Inc.'s next earnings report?
Rafael Holdings, Inc.'s next report was expected around October 28, 2026 and is not on file with the SEC yet.
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Where the numbers come from
Financial figures are the values Rafael Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.