Filing Flows › Rafael Holdings (RFL) › Q1 FY26
Rafael Holdings (RFL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 12, 2025
Rafael Holdings (RFL) reported revenue of $240K for the first quarter fiscal 2026 (Q1 FY26), +88% from a year earlier and -31% from the quarter before.
Rafael Holdings, Q1 FY26: revenue $240K (+88% year over year), net loss $9.8M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240K | -31% | +88% |
| Operating profit | −$10.1M | — | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | −$6.8M | — | — |
What changed
Revenue was $240K in Q1 FY26, up 88% year over year and down 31% from the previous quarter.
Operating costs exceeded revenue by $10.1M, an operating margin of -4225.4%. Total costs grew 161% against revenue growth of 88%. The fastest-growing cost line was Research & development (+464%). The quarter ended with a net loss of $9.8M, narrower than the previous quarter's $12.1M loss.
Operating cash flow was −$6.8M. Non-cash charges added back $50K of depreciation and amortization and $598K of share-based compensation. Working capital and other items added $2.3M.
Questions
What was Rafael Holdings' revenue in the first quarter fiscal 2026?
Rafael Holdings (RFL) reported revenue of $240K for the first quarter fiscal 2026 (Q1 FY26), +88% from a year earlier and -31% from the quarter before.
Source: Rafael Holdings 10-Q on SEC EDGAR.