Rafael Holdings, Inc.(RFL)Earnings, Financials & Key Ratios
RFL•NYSE•REIT / Real Estate
$1.27
$65M mkt cap·Price updated May 6, 2026
AboutRafael Holdings, Inc. holds interests in clinical and early stage pharmaceutical companies, and commercial real estate assets in the United States and Israel. The company operates in two segments, Pharmaceuticals and Real Estate. It engages in the leasing of a commercial office building, as well as an associated 800-car public garage; and development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells. The company's lead drug candidate is CPI-613 (devimistat), which is being evaluated in various clinical studies, including two Phase III registrational clinical trials for the treatment of metastatic pancreatic cancer and r/r acute myeloid leukemia. Rafael Holdings, Inc. is headquartered in Newark, New Jersey.Show more
- Revenue$917K+44.0%
- FFO-$30M+11.6%
- FFO/Share-1.03+28.6%
- FFO Payout0%
- FFO per Share-1.03+28.6%
- NOI Margin53.98%-28.8%
- FFO Margin-3296.84%+38.6%
- ROE-33.06%+12.1%
- ROA-28.94%+17.7%
- Debt/Assets0.61%-75.4%
- Book Value/Share3.34-8.0%
RFL Key Insights
Rafael Holdings, Inc. (RFL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FFO growing 21.3% TTM
- ✓Trading at only 0.4x book value
✗Weaknesses
- ✗Shares diluted 23.9% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
RFL Price & Volume
Rafael Holdings, Inc. (RFL) stock price & volume — 10-year historical chart
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RFL Growth Metrics
Rafael Holdings, Inc. (RFL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-28.51%
3 Years30.78%
TTM47.63%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM21.24%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM48.8%
Return on Capital
10 Years-24.02%
5 Years-45.41%
3 Years-51.03%
Last Year-27.22%
RFL Peer Comparison
Rafael Holdings, Inc. (RFL) competitors in Real estate owners and developers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IMVT | 5.66B | 27.84 | -10.20 | -47.07% | 0.00 | |||
 TPVG | 221.89M | 5.48 | 4.49 | 36.55% | 50.62% | 14.02% | 1.33 | |
 CASI | 2.33M | 0.15 | -0.06 | -15.77% | -183.93% | -301.8% | 11.96 | |
 CRIS | 75.06M | 0.57 | -0.98 | -13.43% | -80.29% | -138.81% | 0.30 | |
 HALO | 7.76B | 65.87 | 25.73 | 37.55% | 22.69% | 6.49% | 8.31% | |
 NKTR | 1.65B | 84.16 | -8.65 | -43.89% | -192.87% | -356.81% | 0.95 | |
 CLVT | 1.77B | 2.77 | -9.23 | -3.97% | -5.62% | -2.81% | 20.63% | 0.92 |
 IQV | 29.94B | 176.42 | 22.50 | 5.87% | 8.33% | 22.11% | 6.85% | 2.44 |
Compare RFL vs Peers
Rafael Holdings, Inc. (RFL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RFL Income Statement
Rafael Holdings, Inc. (RFL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.62M | 4.37M | 4.93M | 4.91M | 3.97M | 410K | 279K | 637K | 917K | 1.03M |
| Revenue Growth % | 0.52% | -22.2% | 12.81% | -0.43% | -19.12% | -89.68% | -31.95% | 128.32% | 43.96% | 47.63% |
| Property Operating Expenses | 0 | 0 | 0 | 0 | 70K | 0 | 0 | 154K | 422K | 206K |
| Net Operating Income (NOI) | 5.62M▲ 0% | 4.37M▼ 22.2% | 4.93M▲ 12.8% | 4.91M▼ 0.4% | 3.9M▼ 20.5% | 410K▼ 89.5% | 279K▼ 32.0% | 483K▲ 73.1% | 495K▲ 2.5% | 823K▲ 0% |
| NOI Margin % | 100% | 100% | 100% | 100% | 98.24% | 100% | 100% | 75.82% | 53.98% | 79.98% |
| Operating Expenses | 5.4M | 8.21M | 11.63M | 13.38M | 26.78M | 60.89M | 15.32M | 103.11M | 26.6M | 36.33M |
| G&A Expenses | 3.73M | 5.52M | 8.82M | 9.12M | 20.42M | 16.98M | 8.93M | 8.85M | 13.78M | 14.1M |
| EBITDA | 1.89M | -2.14M | -4.92M | -6.6M | -29.74M | -60.41M | -14.96M | -102.4M | -25.82M | -35.2M |
| EBITDA Margin % | 33.64% | -49.03% | -99.72% | -134.4% | -748.98% | -14732.93% | -5363.8% | -16075.67% | -2815.81% | -3421.19% |
| Depreciation & Amortization | 1.67M | 1.7M | 1.78M | 1.87M | 70K | 72K | 78K | 225K | 288K | 252K |
| D&A / Revenue % | 29.71% | 38.85% | 36.08% | 38% | 1.76% | 17.56% | 27.96% | 35.32% | 31.41% | 24.49% |
| Operating Income | 221K▲ 0% | -3.84M▼ 1838.0% | -6.7M▼ 74.3% | -8.46M▼ 26.4% | -29.81M▼ 252.2% | -60.48M▼ 102.9% | -15.04M▲ 75.1% | -102.63M▼ 582.2% | -26.11M▲ 74.6% | -35.46M▲ 0% |
| Operating Margin % | 3.93% | -87.87% | -135.79% | -172.4% | -750.74% | -14750.49% | -5391.76% | -16110.99% | -2847.22% | -3445.68% |
| Interest Expense | 0 | 0 | 661K | 84K | 12K | 6K | 0 | 248K | 658K | 656K |
| Interest Coverage | - | - | -10.13x | -100.77x | -2484.33x | -10079.50x | - | -413.82x | -39.68x | - |
| Non-Operating Income | 0 | -202K | -1.75M | -1.58M | -4.79M | 79.49M | -6.3M | -35.61M | 6.43M | -2.33M |
| Pretax Income | 204K▲ 0% | -3.64M▼ 1883.8% | -4.94M▼ 35.8% | -6.92M▼ 39.9% | -25.13M▼ 263.4% | -140.55M▼ 459.3% | -8.95M▲ 93.6% | -67.68M▼ 656.4% | -33.2M▲ 51.0% | -33.78M▲ 0% |
| Pretax Margin % | 3.63% | -83.25% | -100.24% | -140.86% | -632.86% | -34279.76% | -3207.17% | -10625.27% | -3620.07% | -3283.19% |
| Income Tax | 66K | 8.44M | -19K | 29K | 18K | 0 | -255K | -2.68M | -2.55M | -2.56M |
| Effective Tax Rate % | 32.35% | -231.85% | 0.38% | -0.42% | -0.07% | 0% | 2.85% | 3.96% | 7.69% | 7.56% |
| Net Income | 138K▲ 0% | -11.65M▼ 8541.3% | -4.92M▲ 57.7% | -6.95M▼ 41.0% | -25.15M▼ 262.1% | -124.66M▼ 395.7% | -1.88M▲ 98.5% | -34.41M▼ 1734.2% | -30.52M▲ 11.3% | -31.33M▲ 0% |
| Net Margin % | 2.46% | -266.51% | -99.86% | -141.45% | -633.32% | -30404.39% | -672.4% | -5401.88% | -3328.24% | -3044.7% |
| Net Income Growth % | -80.56% | -8541.3% | 57.73% | -41.04% | -262.12% | -395.68% | 98.5% | -1734.22% | 11.3% | 21.24% |
| Funds From Operations (FFO) | 1.81M▲ 0% | -9.95M▼ 650.7% | -3.15M▲ 68.4% | -5.08M▼ 61.5% | -25.08M▼ 393.8% | -124.59M▼ 396.8% | -1.8M▲ 98.6% | -34.19M▼ 1801.3% | -30.23M▲ 11.6% | -31.08M▲ 0% |
| FFO Margin % | 32.16% | -227.66% | -63.78% | -103.44% | -631.55% | -30386.83% | -644.44% | -5366.56% | -3296.84% | -3020.21% |
| FFO Growth % | -23.2% | -650.69% | 68.4% | -61.49% | -393.78% | -396.77% | 98.56% | -1801.28% | 11.56% | -272.63% |
| FFO per Share | 0.14 | -0.80 | -0.24 | -0.32 | -1.52 | -6.30 | -0.08 | -1.44 | -1.03 | -0.61 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | 0.01▲ 0% | -0.93▼ 8554.5% | -0.37▲ 60.2% | -0.44▼ 18.9% | -1.52▼ 245.5% | -6.31▼ 315.1% | -0.08▲ 98.7% | -1.45▼ 1699.0% | -1.04▲ 28.3% | -0.61▲ 0% |
| EPS Growth % | -80.57% | -8554.55% | 60.22% | -18.92% | -245.45% | -315.13% | 98.72% | -1699.01% | 28.28% | 48.8% |
| EPS (Basic) | 0.01 | -0.93 | -0.37 | -0.44 | -1.52 | -6.31 | -0.08 | -1.45 | -1.04 | - |
| Diluted Shares Outstanding | 12.54M | 12.48M | 13.28M | 15.76M | 16.52M | 19.77M | 23.26M | 23.75M | 29.42M | 51.18M |
RFL Balance Sheet
Rafael Holdings, Inc. (RFL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 86.2M | 116.92M | 142.14M | 136.35M | 154.06M | 118.32M | 98.83M | 96.83M | 114.11M | 105.38M |
| Asset Growth % | 34.05% | 35.63% | 21.57% | -4.08% | 12.99% | -23.2% | -16.47% | -2.02% | 17.84% | 22.41% |
| Real Estate & Other Assets | 540K | 1.13M | 6.54M | 80K | 55.68M | 6.15M | 9K | 5.3M | 1.43M | 658K |
| PP&E (Net) | 51.16M | 50.11M | 48.73M | 44.43M | 1.84M | 1.77M | 1.7M | 2.12M | 1.6M | 1.56M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 477K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 12.17M | 44.51M | 13.26M | 9.83M | 14.76M | 108.35M | 82.94M | 72.5M | 56.71M | 48.32M |
| Cash & Equivalents | 11.76M | 15.8M | 12.02M | 6.21M | 7.85M | 26.54M | 21.5M | 2.67M | 52.77M | 45.54M |
| Receivables | 264K | 1000K | 730K | 396K | 835K | 297K | 1000K | 1000K | 1000K | 413K |
| Other Current Assets | 0 | 0 | 0 | 3.23M | 5M | 44.81M | 914K | 430K | 786K | 513K |
| Intangible Assets | 0 | 1.65M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.85M | 32.57M | 32.54M |
| Total Liabilities | 24.13M | 1.35M | 17.38M | 5.82M | 17.35M | 21.11M | 2.2M | 10.57M | 15.74M | 16.2M |
| Total Debt | 0 | 0 | 14.95M | 0 | 14.53M | 15M | 0 | 2.39M | 692K | 664K |
| Net Debt | -11.76M | -15.8M | 2.92M | -6.21M | 6.67M | -11.54M | -21.5M | -288K | -52.08M | -44.88M |
| Long-Term Debt | 0 | 0 | 14.95M | 0 | 0 | 0 | 0 | 73K | 78K | 56K |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 14.53M | 15M | 0 | 2.31M | 614K | 608K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 363K | 891K | 1.43M | 5.73M | 17.3M | 21.03M | 2.15M | 7.51M | 11.6M | 12.08M |
| Accounts Payable | 115K | 367K | 795K | 921K | 1.16M | 564K | 333K | 2.56M | 6.89M | 6.79M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 23.76M | 464K | 1.01M | 92K | 48K | 88K | 55K | 2.99M | 3.92M | 3.92M |
| Total Equity | 62.08M▲ 0% | 115.56M▲ 86.2% | 124.76M▲ 8.0% | 130.53M▲ 4.6% | 136.7M▲ 4.7% | 97.21M▼ 28.9% | 96.63M▼ 0.6% | 86.26M▼ 10.7% | 98.37M▲ 14.0% | 89.18M▲ 0% |
| Equity Growth % | 27.18% | 86.16% | 7.96% | 4.62% | 4.73% | -28.89% | -0.59% | -10.73% | 14.04% | -6.42% |
| Shareholders Equity | 52.74M | 106.7M | 110.98M | 116.8M | 122.29M | 100.52M | 100.29M | 82.19M | 94.39M | 85.18M |
| Minority Interest | 9.34M | 8.87M | 13.78M | 13.73M | 14.42M | -3.31M | -3.66M | 4.07M | 3.98M | 4M |
| Common Stock | 50.43M | 126K | 139K | 157K | 177K | 245K | 244K | 246K | 516K | 517K |
| Additional Paid-in Capital | 0 | 103.64M | 112.9M | 129.14M | 159.14M | 262.02M | 264.01M | 280.05M | 322.16M | 322.73M |
| Retained Earnings | 0 | -1.11M | -5.84M | -16.25M | -40.8M | -165.46M | -167.33M | -201.74M | -232.26M | -242.08M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.18% | -11.47% | -3.8% | -4.99% | -17.32% | -91.53% | -1.73% | -35.17% | -28.94% | -30.52% |
| Return on Equity (ROE) | 0.25% | -13.12% | -4.1% | -5.44% | -18.82% | -106.59% | -1.94% | -37.63% | -33.06% | -36.36% |
| Debt / Assets | - | - | 10.51% | - | 9.43% | 12.68% | - | 2.47% | 0.61% | 0.63% |
| Debt / Equity | - | - | 0.12x | - | 0.11x | 0.15x | - | 0.03x | 0.01x | 0.01x |
| Net Debt / EBITDA | -6.22x | - | - | - | - | - | - | - | - | 1.27x |
| Book Value per Share | 4.95 | 9.26 | 9.40 | 8.28 | 8.27 | 4.92 | 4.15 | 3.63 | 3.34 | 1.74 |
RFL Cash Flow Statement
Rafael Holdings, Inc. (RFL) cash flow — operating, investing & free cash flow history
| Line item | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.62M | -1.81M | -3.13M | -4.67M | -15.6M | -26.08M | -10.89M | -7.8M | -18.92M | -18.92M |
| Operating CF Growth % | -2354.17% | -11.83% | -72.56% | -48.98% | -234.35% | -67.16% | 58.26% | 28.33% | -142.55% | -1545.45% |
| Operating CF / Revenue % | -28.89% | -41.52% | -63.52% | -95.03% | -392.87% | -6360.73% | -3901.79% | -1224.8% | -2063.69% | -1839.07% |
| Net Income | 138K | -12.08M | -4.92M | -10.41M | -22.84M | -140.55M | -2.21M | -65M | -30.64M | -31.33M |
| Depreciation & Amortization | 1.67M | 1.7M | 1.78M | 1.87M | 70K | 72K | 78K | 225K | 288K | 252K |
| Stock-Based Compensation | 0 | 0 | 372K | 0 | 0 | -917K | 2.19M | 2.3M | 2.12M | 1.45M |
| Other Non-Cash Items | 113K | 104K | -868K | 2.72M | 8.15M | 115.32M | -11.79M | 55.29M | 8.51M | -8.63M |
| Working Capital Changes | -3.16M | -792K | 1.64M | 1.15M | -989K | -10K | -92K | -610K | 967K | 3.18M |
| Cash from Investing | -11.22M | 4.11M | -31.24M | -1.03M | -7.26M | -63.8M | 21.21M | -10.82M | 44.03M | 35.03M |
| Acquisitions (Net) | 0 | 864K | -55.87M | 0 | 4.61M | 0 | -5.1M | 2.35M | 0 | -1000K |
| Purchase of Investments | -9.4M | -151K | 55.54M | -500K | -11.12M | -65.31M | -208.38M | -162.44M | -16.99M | -16.67M |
| Sale of Investments | 0 | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | -11.22M | -1.7M | -55.54M | 0 | -750K | -26.99M | -3.51M | -6.75M | -19.67M | 4.74M |
| Cash from Financing | 22.26M | 1.75M | 30.89M | -96K | 29.39M | 103.86M | -15.22M | -179K | 24.83M | 24.85M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | -800K | 5K | 11K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -218K | -168K | 0 | 0 |
| Other Financing | 22.26M | 1.75M | 12.55M | -125K | 14.31M | -6.3M | -15M | 789K | -220K | -206K |
| Net Change in Cash | 9.42M▲ 0% | 4.05M▼ 57.0% | -3.78M▼ 193.4% | -5.82M▼ 54.0% | 6.65M▲ 214.3% | 13.68M▲ 105.8% | -5.04M▼ 136.8% | -18.82M▼ 273.5% | 50.09M▲ 366.1% | 37.38M▲ 0% |
| Exchange Rate Effect | 0 | 3K | -298K | -22K | 122K | -306K | -146K | -22K | 153K | 190K |
| Cash at Beginning | 2.34M | 11.76M | 15.8M | 12.02M | 6.21M | 12.85M | 26.54M | 21.5M | 2.67M | 52.77M |
| Cash at End | 11.76M | 15.8M | 12.02M | 6.21M | 12.85M | 26.54M | 21.5M | 2.67M | 52.77M | 45.54M |
| Free Cash Flow | -3.44M▲ 0% | -2.52M▲ 26.7% | -3.53M▼ 39.8% | -5.2M▼ 47.3% | -15.81M▼ 204.0% | -26.08M▼ 65.0% | 40.79M▲ 256.4% | -7.98M▼ 119.6% | -18.93M▼ 137.2% | -22.69M▲ 0% |
| FCF Growth % | -132.48% | 26.66% | -39.84% | -47.27% | -203.98% | -65% | 256.41% | -119.56% | -137.19% | -154.81% |
| FCF / Revenue % | -61.29% | -57.77% | -71.61% | -105.91% | -398.06% | -6361.22% | 14621.15% | -1252.75% | -2064.12% | -2204.86% |
RFL Key Ratios
Rafael Holdings, Inc. (RFL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 0.14 | -0.8 | -0.24 | -0.32 | -1.52 | -6.3 | -0.08 | -1.44 | -1.03 | -0.61 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| NOI Margin | 100% | 100% | 100% | 100% | 98.24% | 100% | 100% | 75.82% | 53.98% | 79.98% |
| Net Debt / EBITDA | -6.22x | - | - | - | - | - | - | - | - | 1.27x |
| Debt / Assets | - | - | 10.51% | - | 9.43% | 12.68% | - | 2.47% | 0.61% | 0.63% |
| Interest Coverage | - | - | -10.13x | -100.77x | -2484.33x | -10079.50x | - | -413.82x | -39.68x | - |
| Book Value / Share | 4.95 | 9.26 | 9.4 | 8.28 | 8.27 | 4.92 | 4.15 | 3.63 | 3.34 | 1.74 |
| Revenue Growth | 0.52% | -22.2% | 12.81% | -0.43% | -19.12% | -89.68% | -31.95% | 128.32% | 43.96% | 47.63% |
RFL Frequently Asked Questions
Rafael Holdings, Inc. (RFL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Rafael Holdings, Inc. (RFL) reported $1.0M in revenue for fiscal year 2025. This represents a 82% decrease from $5.6M in 2016.
Rafael Holdings, Inc. (RFL) grew revenue by 44.0% over the past year. This is strong growth.
Rafael Holdings, Inc. (RFL) reported a net loss of $31.3M for fiscal year 2025.
Dividend & Returns
Rafael Holdings, Inc. (RFL) has a return on equity (ROE) of -33.1%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Rafael Holdings, Inc. (RFL) generated Funds From Operations (FFO) of $-31.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More RFL
Rafael Holdings, Inc. (RFL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates