Rafael Holdings, Inc. (RFL)

Rafael Holdings, Inc. primarily engages in holding interests in clinical and early-stage pharmaceutical companies, and medical devices in the United States and Israel. It operates in three segments, Healthcare, Infusion Technology, and Real Estate. The company engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells. Its lead drug candidate is Trappsol Cyclo, which is in phase 3 clinical trial being evaluated for the potential treatment of Niemann-Pick Disease Type C1 ("NPC1"), a rare, fatal and progressive genetic disorder; and CPI-613 (devimistat), a stable analog of normally transient, acylated catalytic intermediates of lipoate, which is in phase II of clinical trial. The company is also involved in developing Promitil, a molecule designed for the targeted delivery of mitomycin-C in a proprietary prodrug form, completed Phase 1A and 1B clinical studies targeting patients with advanced cancers. In addition, it engages in the development of surgical and procedural devices, including orthopedic arthroscopy instrument for Carpal Tunnel syndrome. Rafael Holdings, Inc. was incorporated in 2017 and is headquartered in Newark, New Jersey.

Symbol
RFL
Exchange
NYSE
Sector
Real Estate
Industry
Real Estate Services
Market cap
$102.46M
52 week range
1.12 - 3.96

Valuation

Share price
$2.02 (close of 2026-09-23)
P/E (TTM)
-2.90x
Price to book
1.27x
Price to free cash flow
-3.20x
Enterprise value
$72.57M
Book value per share
$1.58

Price performance

PeriodChange
1 day+1.00%
5 days-5.61%
1 month-6.48%
3 months-24.34%
6 months+60.32%
Year to date+71.19%
1 year+38.36%
3 years+2.54%
5 years-94.55%
All time-58.18%

Profitability and growth

Return on equity
-31.03%
Return on invested capital
-58.34%
Return on assets
-26.75%
Return on capital employed
-28.45%
Net margin
-101733.33%
EBITDA margin
-96236.67%
Revenue growth
-95.29%
Net income growth
11.30%
Free cash flow growth
-138.24%

Cash flow and balance sheet

Free cash flow yield (TTM)
-31.23%
Current ratio
3.16x
Net debt to EBITDA
0.96x

Latest reported year

Period end
2025-07-31
Fiscal year
2025
Revenue
$30.00K
EBITDA
$-28.87M
Net income
$-30.52M
Earnings per share
$-1.04
Research and development
$12.82M
Interest expense
$658.00K
Shares outstanding
29.42M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-07-31$30.00K-$-30.52M$-1.04
2024-07-31$637.00K$483.00K$-34.41M$-1.45
2023-07-31$279.00K$201.00K$-1.88M$-0.08
2022-07-31$410.00K$-3.09M$-124.66M$-6.22
2021-07-31$802.00K$-2.37M$-23.06M$-1.47
2020-07-31$4.91M$3.04M$-10.75M$-0.65
2019-07-31$4.93M$3.15M$-4.69M$-0.35
2018-07-31$4.37M$2.67M$-11.65M$-0.92
2017-07-31$5.62M$3.95M$138.00K$0.01
2016-07-31$5.59M$3.95M$710.00K$0.06

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-07-31--101733.33%-31.03%-58.34%
2024-07-3175.82%-5401.88%-39.89%-116.26%
2023-07-3172.04%-672.40%-1.94%-19.68%
2022-07-31-753.41%-30404.39%-128.24%-70.59%
2021-07-31-295.14%-2875.44%-16.87%-21.89%
2020-07-3162.00%-219.00%-8.24%-6.81%
2019-07-3163.92%-95.17%-3.76%-5.92%
2018-07-3161.15%-266.51%-10.03%-3.83%
2017-07-3170.29%2.46%0.22%0.31%
2016-07-3170.60%12.70%1.45%1.60%

Cash and debt by year

Period endCash
2025-07-31$52.77M
2024-07-31$2.67M
2023-07-31$21.50M
2022-07-31$26.54M
2021-07-31$7.85M
2020-07-31$6.21M
2019-07-31$12.02M
2018-07-31$15.80M
2017-07-31$11.76M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-07-31$-18.93M$2.12M
2024-07-31$-7.95M$2.30M
2023-07-31$-10.89M$2.19M
2022-07-31$-26.08M$-917.00K
2021-07-31$-15.81M$6.63M
2020-07-31$-5.20M$684.00K
2019-07-31$-3.53M-
2018-07-31$-2.52M$51.00K
2017-07-31$-3.44M-
2016-07-31$-1.48M-

Investor relations

Next earnings report

Next confirmed report
2026-11-04

Past earnings dates

ReportedFiscal periodEPS estimate
2026-06-11Apr/2026-
2026-03-16--
2025-12-11--
2025-10-29--
2025-06-11--
2025-03-13--
2024-12-11--
2024-11-06--

Filings and sources

Company website
rafaelholdings.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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