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Rafael Holdings (RFL) Q4 FY26 earnings results (fourth quarter fiscal 2026)

10-K filed Oct 29, 2026

Rafael Holdings (RFL) reported revenue of $244K for the fourth quarter fiscal 2026 (Q4 FY26), -30% from a year earlier and +36% from the quarter before.

Revenue$244K
Year over year-30%
Quarter over quarter+36%
Operating margin—
Net earnings−$8.9M

Rafael Holdings, Q4 FY26: revenue $244K (-30% year over year), net loss $8.9M, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.

Q4 FY26AmountQ/QY/Y
Revenue$244K+36%-30%
Operating profit−$9.7M——
Net earnings−$8.9M——
Operating cash flow−$8.4M——

What changed

Revenue was $244K in Q4 FY26, down 30% year over year and up 36% from the previous quarter. Product Revenue was the largest line at 62% of revenue.

Operating costs exceeded revenue by $9.7M, an operating margin of -3988.1%. Total costs fell 24% while revenue fell 30%. The quarter ended with a net loss of $8.9M, wider than the previous quarter's $2.9M loss.

Operating cash flow was −$8.4M. Non-cash charges added back $51K of depreciation and amortization and $231K of share-based compensation. Capital expenditures of −$2K exceeded it, leaving free cash flow of −$8.4M.

Questions

What was Rafael Holdings' revenue in the fourth quarter fiscal 2026?

Rafael Holdings (RFL) reported revenue of $244K for the fourth quarter fiscal 2026 (Q4 FY26), -30% from a year earlier and +36% from the quarter before.

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Source: Rafael Holdings 10-K on SEC EDGAR.