Filing Flows › Rafael Holdings (RFL) › Q4 FY25
Rafael Holdings (RFL) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Oct 29, 2025
Rafael Holdings (RFL) reported revenue of $350K for the fourth quarter fiscal 2025 (Q4 FY25), +112% from a year earlier and -3% from the quarter before.
Rafael Holdings, Q4 FY25: revenue $350K (+112% year over year), net loss $12.1M, operating cash flow −$10.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $350K | -3% | +112% |
| Operating profit | −$12.8M | — | — |
| Net earnings | −$12.1M | — | — |
| Operating cash flow | −$10.4M | — | — |
What changed
Revenue was $350K in Q4 FY25, up 112% year over year and down 3% from the previous quarter.
Operating costs exceeded revenue by $12.8M, an operating margin of -3646.6%. Total costs grew 227% against revenue growth of 112%. The fastest-growing cost line was Research & development (+389%). The quarter ended with a net loss of $12.1M, wider than the previous quarter's $4.1M loss.
Operating cash flow was −$10.4M. Non-cash charges added back $50K of depreciation and amortization and $909K of share-based compensation. Working capital and other items added $718K. Capital expenditures of −$1K exceeded it, leaving free cash flow of −$10.4M.
Questions
What was Rafael Holdings' revenue in the fourth quarter fiscal 2025?
Rafael Holdings (RFL) reported revenue of $350K for the fourth quarter fiscal 2025 (Q4 FY25), +112% from a year earlier and -3% from the quarter before.
Source: Rafael Holdings 10-K on SEC EDGAR.