Rafael Holdings, Inc. (RFL) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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RFL Revenue Growth
Revenue Breakdown (FY 2023)
RFL's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
RFL Revenue Analysis (2016–2025)
As of May 6, 2026, Rafael Holdings, Inc. (RFL) generated trailing twelve-month (TTM) revenue of $1.0 million, reflecting explosive growth of +87.5% year-over-year. The most recent quarter (Q1 2026) recorded $240,000 in revenue, down 31.4% sequentially.
Looking at the longer-term picture, RFL's 5-year compound annual growth rate (CAGR) stands at -28.5%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $5.6 million in 2017.
Revenue diversification analysis shows RFL's business is primarily driven by Real Estate (100%). With over half of revenue concentrated in Real Estate, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including TPVG, CASI (+21.7% YoY), and CRIS (-13.4% YoY), RFL has outperformed the peer group in terms of revenue growth. Compare RFL vs TPVG →
RFL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RFLCurrent | $1M | +87.5% | -28.5% | -2847.2% | |
 TPVG | $97M | - | - | 77.9% | |
 CASI | $29M | +21.7% | +47.2% | -138.8% | |
 CRIS | $9M | -13.4% | -2.7% | -348.4% | |
 HALO | $1.4B | +37.6% | +39.2% | 58.4% |
RFL Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $917K | +44.0% | $495K | 54.0% | $-26,109,000 | -2847.2% |
| 2024 | $637K | +128.3% | $483K | 75.8% | $-102,627,000 | -16111.0% |
| 2023 | $279K | -32.0% | $279K | 100.0% | $-15,043,000 | -5391.8% |
| 2022 | $410K | -89.7% | $410K | 100.0% | $-60,477,000 | -14750.5% |
| 2021 | $4.0M | -19.1% | $3.9M | 98.2% | $-29,812,000 | -750.7% |
| 2020 | $4.9M | -0.4% | $4.9M | 100.0% | $-8,465,000 | -172.4% |
| 2019 | $4.9M | +12.8% | $4.9M | 100.0% | $-6,696,000 | -135.8% |
| 2018 | $4.4M | -22.2% | $4.4M | 100.0% | $-3,841,000 | -87.9% |
| 2017 | $5.6M | +0.5% | $5.6M | 100.0% | $221K | 3.9% |
| 2016 | $5.6M | - | $5.6M | 100.0% | $1.2M | 21.3% |
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Start ComparisonRFL — Frequently Asked Questions
Quick answers to the most common questions about buying RFL stock.
Is RFL's revenue growth accelerating or slowing?
RFL revenue is accelerating at +87.5% year-over-year, exceeding the 5-year CAGR of -28.5%. TTM revenue reached $1M. Growth momentum has increased versus prior periods.
What is RFL's long-term revenue growth rate?
Rafael Holdings, Inc.'s 5-year revenue CAGR of -28.5% reflects the sustained expansion pattern. Current YoY growth of +87.5% is above this long-term average.
How is RFL's revenue distributed by segment?
RFL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.