Rafael Holdings, Inc. (RFL) Revenue History
Annual and quarterly revenue from 2016 to present
RFL Revenue Over Time (2016–2025)
RFL Revenue Growth History
4 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +0.5%
- FY2018 revenue growth
- -22.2%
- FY2019 revenue growth
- +12.8%
- FY2020 revenue growth
- -0.4%
- FY2021 revenue growth
- -83.7%
- FY2022 revenue growth
- -48.9%
- FY2023 revenue growth
- -32.0%
- FY2024 revenue growth
- +128.3%
- FY2025 revenue growth
- +44.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $179K | -50.6% |
| Q2 2026 | $211K | +174.0% |
| Q1 2026 | $240K | +87.5% |
| Q4 2025 | $350K | +112.1% |
| Q3 2025 | $362K | +7.7% |
| Q2 2025 | $77K | +13.2% |
| Q1 2025 | $128K | +88.2% |
| Q4 2024 | $165K | +142.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
RFL's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
RFL Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 21, 2026, Rafael Holdings, Inc. (RFL) generated trailing twelve-month (TTM) revenue of $980,000, reflecting significant decline in growth of -50.6% year-over-year. The most recent quarter (Q3 2026) recorded $179,000 in revenue, down 15.2% sequentially.
Historical Growth Trajectory
RFL's 5-year compound annual growth rate (CAGR) stands at -28.5%, indicating revenue contraction over this period. The 3-year CAGR of +30.8% exceeds the 5-year average, indicating an acceleration in the most recent period. Rafael Holdings, Inc.'s highest annual revenue of $5.6 million was recorded in 2017.
Revenue by Segment
RFL's revenue is primarily driven by Real Estate (100%). With over half of revenue concentrated in Real Estate, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including TPVG, CASI (+21.7% YoY), and CRIS (-36.9% YoY) — RFL has underperformed the peer group in 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 | $980,000 | -50.6% | -28.5% | -2847.2% | |
 TPVG | $97M | - | - | 77.9% | |
 CASI | $29M | +21.7% | +47.2% | -138.8% | |
 CRIS | $9M | -36.9% | -2.7% | -348.4% | |
 HALO | $1.4B | +39.1% | +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 | -48.9% | $410K | 100.0% | $-60,477,000 | -14750.5% |
| 2021 | $802K | -83.7% | $802K | 100.0% | $-21,199,000 | -2643.3% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
RFL — 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 declining -50.6% year-over-year. TTM revenue fell to $980000.00, contrasting with the 5-year CAGR of -28.5%. The reversal reflects either macro headwinds or company-specific challenges.
What is RFL's revenue history from 2016 to 2026?
Rafael Holdings, Inc. (RFL) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $980000.00, growing at -50.6% YoY. The 5-year CAGR is -28.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is RFL's long-term revenue growth rate (CAGR)?
Rafael Holdings, Inc.'s 5-year revenue CAGR of -28.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -50.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for RFL.
Why does RFL's quarterly revenue fluctuate?
RFL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Rafael Holdings, Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is RFL's revenue distributed by segment?
RFL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does RFL's revenue compare to industry peers?
Rafael Holdings, Inc. (RFL) with TTM revenue of $980000.00 and -50.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.