Filing Flows › Rafael Holdings (RFL) › Q3 FY26 › vs Q2 FY26
Rafael Holdings (RFL) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Rafael Holdings's revenue fell $32K (-15%) from $211K in Q2 FY26 to $179K in Q3 FY26. The biggest changes: Product Revenue −$36K (-29%); Rental Third Party +$3K (+5%); Rental Related Party +$1K (+3%).
Rafael Holdings, Q3 FY26: revenue $179K (-51% year over year), net loss $2.9M, operating cash flow −$7.3M. The chart draws each line against Q2 FY26, the increases inside each band.
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Product Revenue | $89K | $125K | −$36K | -29% |
| Rental Third Party | $60K | $57K | $3K | +5% |
| Rental Related Party | $30K | $29K | $1K | +3% |
| Revenue | $179K | $211K | −$32K | -15% |
| Other income, net | $4.0M | $376K | $3.6M | +958% |
| Net loss | $2.9M | $6.3M | −$3.4M | -54% |
| Costs & expenses | $7.1M | $6.9M | $141K | +2% |
| Operating costs | $7.0M | $6.9M | $183K | +3% |
| Income tax | $6K | $48K | −$42K | -88% |
| Research & development | $4.9M | $4.5M | $324K | +7% |
| General & admin | $2.1M | $2.3M | −$130K | -6% |
| Other operating costs | $56K | $67K | −$11K | -16% |
| Operating cash sources | $7.5M | $8.0M | −$461K | -6% |
| Depreciation & amortization | $48K | $55K | −$7K | -13% |
| Share-based compensation | $172K | $387K | −$215K | -56% |
| Cash used in operations | $7.3M | $7.5M | −$239K | -3% |
| Net loss absorbed | $2.9M | $6.3M | −$3.4M | -54% |
| Working capital & other | $4.6M | $1.6M | $3.0M | +181% |
Questions
How much did Rafael Holdings's revenue grow quarter over quarter in Q3 FY26?
Rafael Holdings's revenue fell $32K (-15%) from $211K in Q2 FY26 to $179K in Q3 FY26.
What drove Rafael Holdings's revenue change in Q3 FY26?
Product Revenue −$36K (-29%); Rental Third Party +$3K (+5%); Rental Related Party +$1K (+3%).