Filing Flows › Rafael Holdings (RFL) › Q3 FY25
Rafael Holdings (RFL) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 11, 2025
Rafael Holdings (RFL) reported revenue of $362K for the third quarter fiscal 2025 (Q3 FY25), +8% from a year earlier and +370% from the quarter before.
Rafael Holdings, Q3 FY25: revenue $362K (+8% year over year), net loss $4.1M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $362K | +370% | +8% |
| Operating profit | −$5.9M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $362K in Q3 FY25, up 8% year over year and up 370% from the previous quarter.
Operating costs exceeded revenue by $5.9M, an operating margin of -1633.4%. Total costs fell 93% while revenue rose 8%. The fastest-growing cost line was Research & development (+97%). The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $5.3M loss.
Operating cash flow was −$3.2M. Non-cash charges added back $62K of depreciation and amortization and $353K of share-based compensation. Working capital and other items added $446K. Capital expenditures of −$1K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Rafael Holdings' revenue in the third quarter fiscal 2025?
Rafael Holdings (RFL) reported revenue of $362K for the third quarter fiscal 2025 (Q3 FY25), +8% from a year earlier and +370% from the quarter before.
Source: Rafael Holdings 10-Q on SEC EDGAR.