Filing Flows › Rafael Holdings (RFL) › Q2 FY26
Rafael Holdings (RFL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 16, 2026
Rafael Holdings (RFL) reported revenue of $211K for the second quarter fiscal 2026 (Q2 FY26), +174% from a year earlier and -12% from the quarter before.
Rafael Holdings, Q2 FY26: revenue $211K (+174% year over year), net loss $6.3M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211K | -12% | +174% |
| Operating profit | −$6.7M | — | — |
| Net earnings | −$6.3M | — | — |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $211K in Q2 FY26, up 174% year over year and down 12% from the previous quarter. Product Revenue was the largest line at 59% of revenue. Rental Third Party added $9K year over year (up 19%), 7% of the total change.
Operating costs exceeded revenue by $6.7M, an operating margin of -3154.0%. Total costs grew 2% against revenue growth of 174%. The fastest-growing cost line was Research & development (+378%). The quarter ended with a net loss of $6.3M, narrower than the previous quarter's $9.8M loss.
Operating cash flow was −$7.5M. Non-cash charges added back $55K of depreciation and amortization and $387K of share-based compensation. Working capital and other items used $1.6M.
Questions
What was Rafael Holdings' revenue in the second quarter fiscal 2026?
Rafael Holdings (RFL) reported revenue of $211K for the second quarter fiscal 2026 (Q2 FY26), +174% from a year earlier and -12% from the quarter before.
Source: Rafael Holdings 10-Q on SEC EDGAR.