Rafael Holdings, Inc.
Financial highlights
| Metric | FY 07/31/25 | FY 07/31/24 | FY 07/31/23 | FY 07/31/22 | FY 07/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $917,000 | $637,000 | $279,000 | $410,000 | $802,000 |
| Cost of revenue | — | $154,000 | — | $3.5M | $3.2M |
| Selling, general & administrative | — | — | — | $17.0M | $17.0M |
| Research and development | $12.8M | $4.2M | $6.3M | $8.7M | $4.9M |
| Operating income | -$29.2M | -$102.6M | -$15.0M | -$60.5M | -$28.2M |
| Interest expense | $658,000 | $248,000 | — | $6,000 | $12,000 |
| Pretax income | -$33.2M | -$67.7M | -$8.7M | -$140.0M | -$25.1M |
| Income tax expense | -$2.6M | -$2.7M | -$255,000 | — | $18,000 |
| Net income | -$30.5M | -$34.4M | -$1.9M | -$124.7M | -$23.1M |
| Balance Sheet | |||||
| Cash and equivalents | $52.8M | $2.7M | $21.5M | $26.5M | $7.9M |
| Current assets | $56.7M | $72.5M | $82.9M | $108.3M | $14.8M |
| Total assets | $114.1M | $96.8M | $98.8M | $118.3M | $154.1M |
| Current liabilities | $11.6M | $7.5M | $2.1M | $21.0M | $17.3M |
| Total liabilities | $15.7M | $10.6M | $2.2M | $21.1M | $17.4M |
| Stockholders' equity | $94.4M | $82.2M | $100.3M | $100.5M | $122.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$18.9M | -$7.8M | -$10.9M | -$26.1M | -$15.6M |
| Depreciation and amortization | $288,000 | $225,000 | $78,000 | $72,000 | $70,000 |
| Stock-based compensation | $2.1M | $2.3M | $2.2M | $917,000 | $6.6M |
| Capital expenditure | $4,000 | $143,000 | — | $2,000 | $206,000 |
| Free cash flow | -$18.9M | -$7.9M | — | -$26.1M | -$15.8M |
| Share repurchases | — | $168,000 | — | — | — |
| Impairments | $3.0M | — | — | — | $7.0M |
Shares outstanding 52.0M · Free float 35.7%
Annual filing data through FY ended July 31, 2025; float as of July 4, 2026.