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Filing Flows › Rafael Holdings (RFL) › R&D spending

Rafael Holdings (RFL) R&D spending by quarter

Rafael Holdings' R&D spending was $7.5M in Q4 FY26 (fourth quarter fiscal 2026), +54% from Q3 FY26. Over the last 7 quarters it ranged from $947K (Q2 FY25) to $7.5M (Q4 FY25).

Rafael Holdings R&D spending by quarterRafael Holdings R&D spending by quarter$947KQ2 FY25$3.0MQ3 FY25$7.5MQ4 FY25$7.5MQ1 FY26$4.5MQ2 FY26$4.9MQ3 FY26$7.5MQ4 FY26
QuarterR&D spendingQ/QY/Y
Q4 FY26$7.5M+54%-1%
Q3 FY26$4.9M+7%+62%
Q2 FY26$4.5M-39%+378%
Q1 FY26$7.5M-0.8%—
Q4 FY25$7.5M+151%—
Q3 FY25$3.0M+217%—
Q2 FY25$947K——

Q4 FY26 at a glance

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.

Questions

What is Rafael Holdings' R&D spending?

Rafael Holdings' R&D spending was $7.5M in Q4 FY26 (fourth quarter fiscal 2026), +54% from Q3 FY26.

How has Rafael Holdings' R&D spending changed?

Over the last 7 quarters it ranged from $947K (Q2 FY25) to $7.5M (Q4 FY25).

Q4 FY26 results → · How Rafael Holdings makes money →