Filing Flows › Rafael Holdings (RFL) › Q3 FY26
Rafael Holdings (RFL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jun 11, 2026
Rafael Holdings (RFL) reported revenue of $179K for the third quarter fiscal 2026 (Q3 FY26), -51% from a year earlier and -15% from the quarter before.
Rafael Holdings, Q3 FY26: revenue $179K (-51% year over year), net loss $2.9M, operating cash flow −$7.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $179K | -15% | -51% |
| Operating profit | −$6.9M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$7.3M | — | — |
What changed
Revenue was $179K in Q3 FY26, down 51% year over year and down 15% from the previous quarter. Product Revenue was the largest line at 50% of revenue. Product Revenue lost $154K year over year (down 63%), 84% of the total change.
Operating costs exceeded revenue by $6.9M, an operating margin of -3838.0%. Total costs grew 12% against a revenue fall of 51%. The fastest-growing cost line was Research & development (+62%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $6.3M loss. Non-operating items added $4.0M, -138% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.3M. Non-cash charges added back $48K of depreciation and amortization and $172K of share-based compensation. Working capital and other items used $4.6M.
Questions
What was Rafael Holdings' revenue in the third quarter fiscal 2026?
Rafael Holdings (RFL) reported revenue of $179K for the third quarter fiscal 2026 (Q3 FY26), -51% from a year earlier and -15% from the quarter before.
Source: Rafael Holdings 10-Q on SEC EDGAR.