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Rafael (RFL) Financials

Rafael logo
$2.29 +0.06 (+2.69%)
Closing price 07/13/2026 03:59 PM Eastern
Extended Trading
$2.30 +0.00 (+0.22%)
As of 05:58 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Rafael

Annual Income Statements for Rafael

This table shows Rafael's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.71 0.14 -12 -4.69 -10 -25 -125 -1.88 -36 -32
Consolidated Net Income / (Loss)		 0.71 0.14 -12 -4.92 -11 -25 -142 -2.22 -65 -31
Net Income / (Loss) Continuing Operations		 0.71 0.14 -12 -4.92 -11 -23 -141 -9.01 -66 -32
Total Pre-Tax Income 		1.16 0.20 -3.64 -4.94 -6.92 -23 -140 -8.75 -67 -33
Total Revenue		 5.58 5.70 4.31 5.31 4.91 1.54 -79 6.60 37 -4.35
Net Interest Income / (Expense)		 0.00 0.00 0.02 0.00 0.00 -0.01 0.20 3.25 2.14 1.34
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.20 3.25 2.38 2.00
Other Interest Income		 - - - - - 0.00 0.20 3.25 2.38 2.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.25 0.66
Long-Term Debt Interest Expense		 - - - - - 0.01 0.01 0.00 0.25 0.66
Total Non-Interest Income		 5.58 5.70 4.31 5.31 4.91 1.55 -79 3.35 34 -5.69
Net Realized & Unrealized Capital Gains on Investments		 -0.01 0.09 -0.06 0.38 -0.01 0.75 0.00 3.35 3.06 -5.69
Other Non-Interest Income		 5.59 5.62 4.37 4.45 4.43 0.32 -79 0.00 31 0.00
Total Non-Interest Expense		 4.42 5.51 7.97 11 12 25 61 15 103 30
Marketing Expense		 0.00 0.00 1.00 1.03 2.39 4.91 8.74 6.31 94 13
Other Operating Expenses		 2.77 3.84 5.27 8.82 9.12 17 52 8.93 9.16 14
Depreciation Expense		 1.64 1.67 1.70 1.78 1.87 0.07 0.07 0.08 0.23 0.29
Impairment Charge		 - - - - 0.80 7.72 - - 0.00 3.05
Nonoperating Income / (Expense), net		 - 0.01 - 0.47 -0.03 - - -0.20 0.12 0.31
Income Tax Expense		 0.45 0.07 8.44 -0.02 0.03 0.02 0.00 -0.26 -2.68 -2.55
Other Gains / (Losses), net		 - 0.00 - 0.00 -3.81 0.38 0.58 -0.33 -1.63 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -0.43 -0.23 -0.34 -0.22 -18 -0.34 -31 -0.12
Basic Earnings per Share		 $0.06 $0.01 ($0.93) ($0.35) ($0.66) ($1.49) ($6.31) ($0.08) ($1.45) ($1.04)
Weighted Average Basic Shares Outstanding		 12.49M 12.49K 12.49M 13.28M 15.76M 16.52M 19.77M 23.26M 23.75M 29.42M
Diluted Earnings per Share		 $0.06 $0.01 ($0.93) ($0.35) ($0.66) - - ($0.08) ($1.45) ($1.04)
Weighted Average Diluted Shares Outstanding		 12.49M 12.49K 12.49M 13.28M 15.76M 16.52M 24.47M 23.26M 23.75M 29.42M
Weighted Average Basic & Diluted Shares Outstanding		 - - 12.49M 13.28M 15.76M 16.52M 24.47M 24.51M - 51.77M

Quarterly Income Statements for Rafael

This table shows Rafael's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.64 6.05 -32 -5.68 -7.62 -4.64 -3.93 -13 -9.82 -6.42 -4.23
Consolidated Net Income / (Loss)		 -3.76 5.90 -62 -4.85 -9.21 -5.33 -4.05 -12 -9.80 -6.33 -2.90
Net Income / (Loss) Continuing Operations		 -3.78 5.84 -62 -5.98 -7.83 -6.00 -3.20 -13 -9.80 -6.54 -3.08
Total Pre-Tax Income 		-3.54 6.11 -65 -4.94 -9.20 -5.31 -6.46 -12 -9.79 -6.28 -2.89
Total Revenue		 -1.11 11 28 -1.52 0.76 0.81 0.47 0.30 0.40 0.18 0.28
Net Interest Income / (Expense)		 0.58 0.69 0.42 0.44 0.57 0.33 0.47 0.30 0.40 0.18 0.28
Total Interest Income		 0.58 0.69 0.50 0.61 0.57 0.49 0.47 0.47 0.40 0.34 0.29
Other Interest Income		 0.58 0.69 0.50 0.61 0.57 0.49 0.47 0.47 0.40 0.34 0.29
Total Interest Expense		 0.00 0.00 0.09 0.16 0.00 0.16 0.00 0.17 0.00 0.16 0.01
Total Non-Interest Income		 -1.69 10 28 -1.96 0.19 0.49 0.00 - 0.00 0.00 0.00
Net Realized & Unrealized Capital Gains on Investments		 -1.69 10 -3.45 -1.96 0.19 0.49 0.00 - 0.00 0.00 0.00
Total Non-Interest Expense		 2.55 3.21 93 4.16 4.21 6.72 6.24 13 10 6.67 3.33
Marketing Expense		 0.49 0.61 91 1.54 1.49 0.95 3.00 7.55 7.48 4.53 4.85
Other Operating Expenses		 2.04 2.56 2.01 2.55 2.64 2.63 3.17 5.66 2.84 2.28 2.15
Depreciation Expense		 0.02 0.04 0.10 0.07 0.09 0.09 0.06 0.05 0.05 0.06 0.05
Impairment Charge		 - 0.00 0.00 - - 3.05 0.00 - - 0.00 0.00
Other Special Charges		 - - - - - 0.00 0.00 - - -0.20 -3.72
Nonoperating Income / (Expense), net		 -0.12 -0.21 0.00 0.45 -4.37 -0.08 0.15 0.24 0.12 -0.00 -0.03
Income Tax Expense		 0.01 0.00 -2.60 -0.09 0.01 0.02 -2.41 -0.17 0.01 0.05 0.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.12 -0.14 -30 -0.39 -0.21 -0.69 0.73 0.04 0.02 0.09 1.33
Basic Earnings per Share		 ($0.15) $0.26 ($1.36) ($0.20) ($0.37) ($0.19) ($0.19) ($0.29) ($0.19) ($0.13) ($0.08)
Weighted Average Basic Shares Outstanding		 23.64M 23.64M 23.78M 23.75M 24.06M 24.15M 25.24M 29.42M 51.18M 51.23M 51.23M
Diluted Earnings per Share		 ($0.15) $0.25 ($1.36) ($0.19) ($0.37) ($0.19) ($0.19) ($0.29) ($0.19) ($0.13) ($0.08)
Weighted Average Diluted Shares Outstanding		 23.64M 24.40M 23.78M 23.75M 24.06M 24.15M 25.24M 29.42M 51.18M 51.23M 51.23M
Weighted Average Basic & Diluted Shares Outstanding		 24.51M 24.58M 24.57M 0.00 24.67M 24.91M 35.09M 51.77M 51.76M 52.01M 52.00M

Annual Cash Flow Statements for Rafael

This table details how cash moves in and out of Rafael's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Net Change in Cash & Equivalents		 -3.31 9.42 4.05 -3.78 -5.82 6.65 14 15 -19 50
Net Cash From Operating Activities		 0.07 -1.62 -1.82 -3.13 -4.67 -16 -26 6.56 -7.80 -19
Net Cash From Continuing Operating Activities		 0.07 -1.62 -1.82 -3.13 -4.67 -15 -26 6.56 -7.80 -19
Net Income / (Loss) Continuing Operations		 0.71 0.14 -12 -4.92 -11 -23 -141 6.48 -65 -31
Consolidated Net Income / (Loss)		 0.71 0.14 -12 -4.92 -11 -25 -142 - -65 -31
Provision For Loan Losses		 0.08 0.00 0.00 0.12 0.10 0.19 35 - 0.02 0.00
Depreciation Expense		 1.64 1.67 1.70 1.78 1.87 0.07 0.07 0.08 0.23 0.29
Amortization Expense		 - - 0.66 0.02 0.05 - 0.00 - -1.89 -0.29
Non-Cash Adjustments to Reconcile Net Income		 0.38 -0.27 8.70 -1.69 2.92 8.47 79 0.00 59 11
Changes in Operating Assets and Liabilities, net		 -2.74 -3.16 -0.79 1.57 1.15 -0.99 -0.01 - -0.61 0.97
Net Cash From Investing Activities		 -3.65 -11 4.11 -31 -1.03 -8.17 -64 21 -11 44
Net Cash From Continuing Investing Activities		 -3.65 -11 4.11 -31 -1.03 -7.92 -64 -27 -11 44
Purchase of Property, Leasehold Improvements and Equipment		 -1.55 -1.82 -0.71 -0.40 -0.53 0.04 -0.00 0.00 -0.14 -0.00
Purchase of Investment Securities		 -2.10 -9.40 -0.15 -56 -0.50 -11 -65 -210 -161 -39
Sale of Property, Leasehold Improvements and Equipment		 - - - - 0.00 - - 0.00 0.00 0.01
Divestitures		 - - - - - - - - 1.10 0.00
Sale and/or Maturity of Investments		 0.00 0.00 6.67 25 0.00 11 29 185 156 83
Other Investing Activities, net		 0.00 0.00 -1.70 - - -7.50 -27 - -6.99 0.00
Net Cash From Financing Activities		 0.27 22 1.75 31 -0.10 30 104 -15 -0.18 25
Net Cash From Continuing Financing Activities		 0.27 22 1.75 31 -0.10 16 104 -0.22 -0.18 25
Issuance of Common Equity		 - - 0.00 7.78 0.00 13 110 - 0.00 25
Repayment of Debt		 -6.35 0.00 0.89 3.34 0.00 - - - -0.80 0.00
Repurchase of Common Equity		 - - - - - - - - -0.17 0.00
Other Financing Activities, Net		 0.00 11 0.86 4.78 -0.10 2.80 -6.30 - 0.79 -0.17
Effect of Exchange Rate Changes		 0.00 0.00 0.00 -0.30 -0.02 0.12 -0.31 - -0.02 0.15

Quarterly Cash Flow Statements for Rafael

This table details how cash moves in and out of Rafael's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Change in Cash & Equivalents		 -8.11 -6.25 0.30 -4.76 5.48 40 -10 15 -7.23 -7.76 -7.28
Net Cash From Operating Activities		 -2.13 -2.53 -0.25 -2.89 -3.04 -2.32 -3.19 -10 -6.81 -7.52 -7.28
Net Cash From Continuing Operating Activities		 -2.13 -2.53 -0.25 -2.89 -3.04 -2.32 -3.16 -11 -6.81 -7.52 -7.28
Net Income / (Loss) Continuing Operations		 -3.76 5.90 -62 -4.85 -9.21 -5.33 -4.05 -12 -9.80 -6.33 -2.90
Consolidated Net Income / (Loss)		 -3.76 5.90 -62 -4.85 -9.21 -5.33 -4.05 -12 -9.80 -6.33 -2.90
Depreciation Expense		 0.02 0.04 0.10 0.07 0.09 0.09 0.06 0.05 0.05 0.06 0.05
Non-Cash Adjustments to Reconcile Net Income		 2.59 -7.61 63 1.89 6.12 2.55 1.36 1.21 0.51 0.19 -3.55
Changes in Operating Assets and Liabilities, net		 -0.46 -0.32 -0.20 0.38 0.22 0.40 -0.53 0.16 2.43 -1.44 -0.88
Net Cash From Investing Activities		 -6.79 -2.79 0.63 -1.87 8.58 43 -7.20 0.16 -0.43 -0.26 0.01
Net Cash From Continuing Investing Activities		 -6.79 -2.79 0.63 -1.87 8.58 43 -7.20 0.16 -0.43 -0.26 0.01
Sale of Property, Leasehold Improvements and Equipment		 - - - - 0.00 0.01 - - 0.07 - 0.01
Net Cash From Financing Activities		 0.81 -0.93 -0.03 -0.02 -0.05 -0.03 0.01 25 -0.03 -0.03 -0.03
Net Cash From Continuing Financing Activities		 0.81 -0.93 -0.03 -0.02 -0.05 -0.03 0.01 25 -0.03 -0.03 -0.03
Repayment of Debt		 - - - - 0.00 - - - -0.00 - -0.01
Other Financing Activities, Net		 0.89 -0.04 -0.03 -0.02 -0.05 -0.03 -0.03 -0.11 -0.03 -0.03 -0.02
Effect of Exchange Rate Changes		 - - -0.05 0.03 -0.00 0.00 - 0.15 0.04 0.05 0.02

Annual Balance Sheets for Rafael

This table presents Rafael's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Total Assets		 86 117 142 136 154 118 99 97 114
Cash and Due from Banks		 12 16 12 6.21 7.85 27 21 2.68 53
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 51 50 49 44 1.84 1.77 1.70 2.12 1.60
Goodwill		 - - - - - - 0.00 3.05 20
Intangible Assets		 0.00 - - - - - 0.00 1.85 0.99
Other Assets		 22 21 81 85 139 53 18 19 39
Total Liabilities & Shareholders' Equity		 86 117 142 136 154 118 99 97 114
Total Liabilities		 24 1.36 17 5.82 17 21 2.20 11 16
Short-Term Debt		 0.12 0.37 0.80 4.42 15 16 0.33 4.26 7.51
Accrued Interest Payable		 0.21 0.50 0.61 1.19 1.23 1.88 0.76 1.80 3.30
Other Short-Term Payables		 0.04 0.02 0.03 0.12 0.25 3.52 1.02 0.11 0.72
Long-Term Debt		 - 0.00 16 - - - 0.00 0.69 0.08
Other Long-Term Liabilities		 24 0.46 0.36 0.09 1.34 0.09 0.08 3.72 4.13
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 62 116 125 131 137 97 97 86 98
Total Preferred & Common Equity		 53 107 111 117 122 101 100 82 94
Total Common Equity		 53 107 111 117 122 101 100 82 94
Common Stock		 0.00 104 113 129 159 262 264 280 323
Retained Earnings		 0.00 -1.11 -5.84 -16 -41 -165 -167 -202 -232
Treasury Stock		 - - - - - - 0.00 -0.17 -0.17
Accumulated Other Comprehensive Income / (Loss)		 2.32 4.04 3.78 3.76 3.77 3.70 3.37 3.80 4.15
Noncontrolling Interest		 9.34 8.87 14 14 14 -3.31 -3.66 4.07 3.98

Quarterly Balance Sheets for Rafael

This table presents Rafael's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 10/31/2024 1/31/2025 4/30/2025 10/31/2025 1/31/2026 4/30/2026
Total Assets		 96 106 102 88 83 108 105 99 92
Cash and Due from Banks		 13 7.14 7.44 8.16 48 38 46 38 30
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1.67 2.06 2.16 2.08 1.93 1.61 1.56 1.55 1.52
Goodwill		 - 3.57 3.57 3.05 0.00 28 20 20 20
Intangible Assets		 - 1.89 1.85 1.82 1.79 1.03 0.96 0.93 0.90
Other Assets		 6.99 27 22 14 14 39 37 39 39
Total Liabilities & Shareholders' Equity		 96 106 102 88 83 108 105 99 92
Total Liabilities		 0.99 3.90 11 10 10 24 16 16 11
Short-Term Debt		 0.47 2.21 4.27 4.40 4.25 8.41 7.40 8.17 7.65
Accrued Interest Payable		 0.33 0.85 1.75 1.38 1.41 1.87 3.86 2.78 2.76
Other Short-Term Payables		 0.12 0.14 0.17 0.11 0.11 0.09 0.75 0.73 0.54
Long-Term Debt		 - - 0.69 0.69 0.69 0.08 0.06 0.66 0.00
Other Long-Term Liabilities		 0.08 0.70 4.20 3.87 4.03 13 4.13 3.71 0.24
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 95 102 91 77 73 85 89 83 81
Total Preferred & Common Equity		 98 105 86 74 69 81 85 79 75
Total Common Equity		 98 105 86 74 69 81 85 79 75
Common Stock		 266 266 280 281 281 297 323 324 324
Retained Earnings		 -171 -165 -197 -211 -215 -220 -242 -248 -253
Treasury Stock		 -0.08 -0.17 -0.17 -0.17 -0.17 -0.17 -0.17 -0.17 -0.17
Accumulated Other Comprehensive Income / (Loss)		 3.52 3.63 3.66 3.83 3.86 3.95 4.18 4.23 4.52
Noncontrolling Interest		 -3.69 -2.69 4.46 3.87 3.18 3.94 4.00 4.09 5.42

Annual Metrics And Ratios for Rafael

This table displays calculated financial ratios and metrics derived from Rafael's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
DEI Shares Outstanding		 0.00 0.00 12,540,136.00 13,929,665.00 15,818,145.00 17,714,481.00 20,803,576.00 24,294,728.00 24,506,635.00 24,506,635.00
DEI Adjusted Shares Outstanding		 0.00 0.00 12,540,136.00 13,929,665.00 15,818,145.00 17,714,481.00 20,803,576.00 24,294,728.00 24,506,635.00 24,506,635.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.96 -0.35 -0.68 -1.40 -6.84 -0.09 -2.65 -1.25
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 2.30% -24.42% 23.13% -7.59% -68.58% -5,223.04% 108.36% 453.16% -111.91%
EBITDA Growth		 0.00% -33.51% -169.78% -178.15% -37.28% -370.51% -498.39% 93.81% -693.30% 49.66%
EBIT Growth		 0.00% -83.26% -1,984.02% -48.07% -27.20% -240.30% -496.91% 93.76% -667.11% 48.40%
NOPAT Growth		 0.00% -81.52% -2,041.02% -48.72% -27.20% -240.30% -497.51% 93.90% -688.80% 50.27%
Net Income Growth		 0.00% -80.56% -8,850.72% 59.22% -118.38% -130.32% -474.89% 98.44% -2,834.67% 52.86%
EPS Growth		 0.00% -83.33% -9,400.00% 62.37% -88.57% 0.00% 0.00% 0.00% -1,712.50% 28.28%
Operating Cash Flow Growth		 0.00% -2,354.17% -11.83% -72.56% -48.98% -234.35% -67.16% 125.14% -219.01% -142.55%
Free Cash Flow Firm Growth		 0.00% 0.00% 9.31% 48.46% 104.78% -2,457.61% -82.12% 116.51% -521.26% 7.72%
Invested Capital Growth		 0.00% 0.00% 86.41% 21.76% -4.40% 12.07% -25.43% -14.02% -5.94% 16.18%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 1.38% 8.21% -81.70% -1,357.91% 108.63% -12.95% 23.33%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -131.65% 19.19% -83.57% -14.45% 78.64% -14.64% -20.68%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -37.12% 15.00% -64.34% -15.41% 77.90% -11.53% -22.28%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -38.70% 10.14% -64.31% 4.23% 42.49% -10.72% -29.42%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -26.91% -40.86% -38.76% 5.06% 73.18% -10.25% -30.71%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -16.67% -37.50% 0.00% 0.00% 0.00% 0.00% -10.64%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 18.06% 4.60% -30.74% -51.30% 16.30% 157.81% -170.41% -65.48%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 27.49% -111.35% 16.15% 105.75% 2.82% -144.79%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -1.28% -1.16% 6.49% 1.89% 1.52% -4.52% 13.93%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 50.25% 32.66% -30.16% -68.12% -101.20% -1,515.64% 0.00% -131.00% -187.88% 0.00%
EBIT Margin		 20.79% 3.40% -84.78% -101.96% -140.35% -1,520.18% 0.00% -132.19% -183.31% 0.00%
Profit (Net Income) Margin		 12.73% 2.42% -280.12% -92.77% -219.23% -1,607.14% 0.00% -33.57% -178.08% 0.00%
Tax Burden Percent		 61.26% 67.65% 331.85% 99.62% 155.48% 105.72% 101.72% 25.33% 96.64% 92.31%
Interest Burden Percent		 100.00% 105.15% 99.56% 91.33% 100.46% 100.00% 100.10% 100.25% 100.52% 96.14%
Effective Tax Rate		 38.74% 32.35% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.42% -2.86% -2.95% -3.49% -11.46% 0.00% -5.70% -50.13% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 12.19% -3,956.68% -16.50% -60.52% -99.78% 0.00% 41.66% -726.32% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.02% -10.74% -1.15% -4.93% -7.08% 0.00% 3.42% -20.95% 0.00%
Return on Equity (ROE)		 0.00% 0.44% -13.60% -4.10% -8.42% -18.54% -121.74% -2.29% -71.09% -33.19%
Cash Return on Invested Capital (CROIC)		 0.00% -199.58% -63.20% -22.57% 1.00% -22.84% -45.09% 9.37% -44.01% -38.76%
Operating Return on Assets (OROA)		 0.00% 0.23% -3.60% -4.18% -4.94% -16.13% 0.00% -8.03% -68.40% 0.00%
Return on Assets (ROA)		 0.00% 0.16% -11.89% -3.80% -7.72% -17.06% 0.00% -2.04% -66.44% 0.00%
Return on Common Equity (ROCE)		 0.00% 0.38% -12.20% -3.71% -7.52% -16.58% -115.96% -2.37% -70.93% -31.75%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.26% -11.32% -4.44% -9.21% -20.25% -141.65% -2.21% -79.09% -32.46%
Net Operating Profit after Tax (NOPAT)		 0.71 0.13 -2.55 -3.79 -4.82 -16 -98 -5.98 -47 -23
NOPAT Margin		 12.73% 2.30% -59.09% -71.37% -98.24% -1,064.13% 0.00% -90.61% -129.21% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% -11.76% 3,953.82% 13.55% 57.03% 88.32% 295.07% -47.36% 676.18% 114.76%
SG&A Expenses to Revenue		 0.00% 0.00% 23.08% 19.35% 48.75% 318.43% 0.00% 95.65% 257.60% 0.00%
Operating Expenses to Revenue		 79.21% 96.60% 184.78% 201.96% 240.35% 1,620.18% 0.00% 232.19% 283.31% 0.00%
Earnings before Interest and Taxes (EBIT)		 1.16 0.19 -3.66 -5.41 -6.88 -23 -140 -8.72 -67 -35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.80 1.86 -1.30 -3.62 -4.96 -23 -140 -8.65 -69 -35
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 1.06 2.48 1.89 6.84 0.49 0.46 0.42 0.53
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.06 2.48 1.89 6.84 0.49 0.46 0.45 0.68
Price to Revenue (P/Rev)		 0.00 0.00 26.35 51.77 44.90 542.64 0.00 7.05 0.96 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.11%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.92 2.08 1.72 5.64 0.31 0.22 0.45 0.08
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 24.83 55.19 47.33 553.09 0.00 3.29 1.13 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.31 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 167.49 0.00 0.00 2.21 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.13 0.03 0.11 0.16 0.00 0.06 0.08
Long-Term Debt to Equity		 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.01 0.01
Financial Leverage		 0.00 0.00 0.00 0.07 0.08 0.07 0.13 0.08 0.03 0.07
Leverage Ratio		 0.00 1.39 1.14 1.08 1.09 1.09 1.16 1.12 1.07 1.14
Compound Leverage Factor		 0.00 1.46 1.14 0.98 1.10 1.09 1.17 1.12 1.08 1.10
Debt to Total Capital		 0.00% 0.18% 0.32% 11.61% 3.28% 9.61% 13.80% 0.34% 5.42% 7.16%
Short-Term Debt to Total Capital		 0.00% 0.18% 0.32% 0.56% 3.28% 9.61% 13.80% 0.34% 4.67% 6.51%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 11.05% 0.00% 0.00% 0.00% 0.00% 0.75% 0.65%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 15.01% 7.65% 9.76% 10.17% 9.53% -2.93% -3.78% 4.47% 3.76%
Common Equity to Total Capital		 0.00% 84.81% 92.03% 78.62% 86.55% 80.86% 89.13% 103.44% 90.11% 89.09%
Debt to EBITDA		 0.00 0.06 -0.28 -4.53 -0.89 -0.62 -0.11 -0.04 -0.07 -0.22
Net Debt to EBITDA		 0.00 -6.25 11.87 -1.21 0.36 -0.07 0.08 2.45 -0.03 1.31
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -4.31 0.00 0.00 0.00 0.00 -0.01 -0.02
Debt to NOPAT		 0.00 0.88 -0.14 -4.33 -0.92 -0.89 -0.16 -0.06 -0.10 -0.32
Net Debt to NOPAT		 0.00 -88.70 6.06 -1.15 0.37 -0.10 0.11 3.54 -0.05 1.93
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -4.12 0.00 0.00 0.00 0.00 -0.01 -0.03
Noncontrolling Interest Sharing Ratio		 0.00% 15.04% 10.25% 9.43% 10.78% 10.53% 4.75% -3.60% 0.22% 4.36%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -62 -56 -29 1.39 -33 -60 9.83 -41 -38
Operating Cash Flow to CapEx		 4.64% -89.18% -255.63% -784.96% -873.78% 0.00% -1,303,950.00% 0.00% -5,455.94% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -2,723.43 -9,919.73 0.00 -166.95 -58.07
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -1,300.08 -4,346.50 0.00 -31.46 -28.76
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -1,296.42 -4,346.83 0.00 -32.04 -28.75
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.07 0.04 0.04 0.04 0.01 0.00 0.06 0.37 0.00
Fixed Asset Turnover		 0.00 0.11 0.09 0.11 0.11 0.07 0.00 3.81 19.14 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 62 116 141 135 151 113 97 91 106
Invested Capital Turnover		 0.00 0.18 0.05 0.04 0.04 0.01 0.00 0.06 0.39 0.00
Increase / (Decrease) in Invested Capital		 0.00 62 54 25 -6.21 16 -38 -16 -5.76 15
Enterprise Value (EV)		 0.00 0.00 107 293 232 852 35 22 41 8.52
Market Capitalization		 0.00 0.00 114 275 220 836 49 47 35 50
Book Value per Share		 $0.00 $4,224.51 $8.51 $7.97 $7.38 $6.90 $4.83 $4.13 $3.46 $3.21
Tangible Book Value per Share		 $0.00 $4,224.51 $8.51 $7.97 $7.38 $6.90 $4.83 $4.13 $3.25 $2.50
Total Capital		 0.00 62 116 141 135 151 113 97 91 106
Total Debt		 0.00 0.12 0.37 16 4.42 15 16 0.33 4.94 7.59
Total Long-Term Debt		 0.00 0.00 0.00 16 0.00 0.00 0.00 0.00 0.69 0.69
Net Debt		 0.00 -12 -15 4.37 -1.79 1.67 -11 -21 2.27 -45
Capital Expenditures (CapEx)		 1.55 1.82 0.71 0.40 0.53 -0.04 0.00 0.00 0.14 -0.01
Net Nonoperating Expense (NNE)		 0.00 -0.01 9.53 1.14 5.93 8.37 44 -3.76 18 7.19
Net Nonoperating Obligations (NNO)		 0.00 0.12 0.37 16 4.42 15 16 0.33 4.94 7.59
Total Depreciation and Amortization (D&A)		 1.64 1.67 2.36 1.80 1.92 0.07 0.07 0.08 -1.67 0.00
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.06 $0.01 ($0.93) ($0.35) ($0.66) ($1.49) ($6.31) ($0.08) $0.00 ($1.04)
Adjusted Weighted Average Basic Shares Outstanding		 12.49M 12.49K 12.49M 15.78M 15.83M 20.66M 19.77M 23.26M 0.00 29.42M
Adjusted Diluted Earnings per Share		 $0.06 $0.01 ($0.93) ($0.35) ($0.66) ($1.49) $0.00 $0.00 $0.00 ($1.04)
Adjusted Weighted Average Diluted Shares Outstanding		 12.49M 12.49K 12.49M 15.78M 15.83M 20.66M 24.47M 24.51M 0.00 29.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.35) ($0.66) ($1.49) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 12.57M 13.28M 15.76M 16.52M 24.47M 24.51M 0.00 51.77M
Normalized Net Operating Profit after Tax (NOPAT)		 0.71 0.13 -2.55 -4.42 -5.93 -14 -98 -5.98 -47 -21
Normalized NOPAT Margin		 12.73% 2.30% -59.09% -83.33% -120.88% -929.40% 0.00% -90.61% -129.21% 0.00%
Pre Tax Income Margin		 20.79% 3.58% -84.41% -93.12% -141.00% -1,520.18% 0.00% -132.52% -184.26% 0.00%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -1,952.17 -23,305.50 0.00 -269.82 -52.48
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -1,366.52 -16,330.07 0.00 -190.18 -35.64
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -1,948.50 -23,305.83 0.00 -270.40 -52.46
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -1,362.85 -16,330.40 0.00 -190.76 -35.63
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.26% 0.00%

Quarterly Metrics And Ratios for Rafael

This table displays calculated financial ratios and metrics derived from Rafael's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
DEI Shares Outstanding		 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00
DEI Adjusted Shares Outstanding		 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00 24,506,635.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.15 0.24 -2.54 -0.20 -0.38 -0.22 -0.17 -0.49 -0.40 -0.26 -0.12
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -632.21% 906.58% 1,919.21% -138.85% 168.83% -92.52% -98.33% 119.67% -47.64% -78.33% -40.68%
EBITDA Growth		 16.60% 321.45% -3,796.14% -580.34% 12.85% -181.65% 91.31% -114.81% -174.04% -10.13% 47.41%
EBIT Growth		 27.00% 335.38% -3,732.43% -560.99% 5.56% -177.18% 91.16% -127.97% -189.07% -9.91% 47.15%
NOPAT Growth		 34.35% 377.88% -3,589.14% -358.51% -41.49% -157.95% 89.80% -131.33% -104.93% -20.06% 56.67%
Net Income Growth		 -351.84% 273.19% -4,080.74% -507.56% -144.97% -190.23% 93.50% -148.33% -6.36% -18.77% 28.46%
EPS Growth		 0.00% 278.57% 0.00% 0.00% -146.67% -176.00% 86.03% -52.63% 48.65% 31.58% 57.89%
Operating Cash Flow Growth		 -131.73% 82.97% 80.90% -118.06% -42.62% 8.46% -1,170.92% -259.19% -123.73% -224.97% -128.34%
Free Cash Flow Firm Growth		 -89.73% -107.17% -425.84% -88.48% 252.12% 2,093.56% 95.34% -1,280.25% -331.11% -181.47% 219.88%
Invested Capital Growth		 -4.98% 7.72% 0.01% -5.94% -13.17% -25.81% -2.63% 16.18% 17.18% 18.83% -4.89%
Revenue Q/Q Growth		 -128.30% 1,081.12% 160.28% -105.38% 150.13% 6.56% -41.87% 142.53% 33.44% -55.89% 59.09%
EBITDA Q/Q Growth		 -432.13% 272.20% -1,016.45% 90.84% 39.74% -61.34% 2.41% -86.64% 23.13% 35.16% 53.40%
EBIT Q/Q Growth		 -396.27% 309.42% -952.65% 91.29% 39.30% -71.13% 2.39% -85.70% 23.04% 34.93% 53.06%
NOPAT Q/Q Growth		 -263.85% 364.21% -819.20% 91.70% 10.32% -8.22% -26.53% -88.39% 20.56% 36.60% 54.33%
Net Income Q/Q Growth		 -415.70% 257.02% -1,155.10% 92.21% -89.76% 42.17% 23.95% -197.56% 18.72% 35.42% 54.20%
EPS Q/Q Growth		 0.00% 266.67% -644.00% 86.03% -94.74% 48.65% 0.00% -52.63% 34.48% 31.58% 38.46%
Operating Cash Flow Q/Q Growth		 -113.34% -18.57% 90.08% -1,051.00% -5.30% 23.90% -37.80% -225.30% 34.41% -10.53% 3.18%
Free Cash Flow Firm Q/Q Growth		 -84.99% -145.09% -3,786.35% 104.38% 358.86% 155.29% -109.08% -1,009.00% 10.15% 10.01% 113.37%
Invested Capital Q/Q Growth		 -2.04% 9.98% -8.57% -4.52% -9.57% -6.03% 20.00% 13.93% -8.79% -4.71% -3.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 0.00% 65.88% -231.96% 0.00% -475.20% -719.46% -1,207.84% -4,317.06% -2,486.97% -3,655.68% -1,070.71%
EBIT Margin		 0.00% 70.44% -230.74% 0.00% -452.76% -727.09% -1,220.97% -4,333.78% -2,499.50% -3,686.93% -1,087.86%
Profit (Net Income) Margin		 0.00% 54.36% -220.36% 0.00% -1,208.79% -656.03% -858.26% -4,031.44% -2,455.39% -3,594.89% -1,035.00%
Tax Burden Percent		 106.27% 96.63% 95.99% 98.24% 100.13% 100.38% 62.69% 98.58% 100.10% 100.76% 100.21%
Interest Burden Percent		 96.85% 79.87% 99.48% 86.93% 266.64% 89.89% 112.13% 94.37% 98.14% 96.76% 94.94%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 8.70% -70.55% 0.00% -191.97% -140.33% -5.48% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -22.37% -676.03% 0.00% -401.67% -186.99% 3.16% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -0.30% -20.31% 0.00% -12.99% -7.64% 0.24% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 8.40% -90.86% 0.00% -204.96% -147.97% -5.23% -33.19% -37.50% -41.37% -37.59%
Cash Return on Invested Capital (CROIC)		 0.03% -4.91% -44.61% -44.01% -40.17% -32.18% -13.72% -38.76% -45.97% -49.92% -22.67%
Operating Return on Assets (OROA)		 0.00% 10.37% -97.75% 0.00% -189.52% -217.70% -6.12% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 8.00% -93.35% 0.00% -505.99% -196.42% -4.31% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% 8.66% -90.46% 0.00% -204.75% -147.55% -4.98% -31.75% -35.73% -39.44% -35.47%
Return on Equity Simple (ROE_SIMPLE)		 -7.60% 1.76% -68.48% 0.00% -95.83% -117.73% -29.09% 0.00% -36.66% -40.71% -41.22%
Net Operating Profit after Tax (NOPAT)		 -2.39 6.32 -45 -3.77 -3.38 -3.66 -4.63 -8.72 -6.93 -4.39 -2.01
NOPAT Margin		 0.00% 58.15% -160.69% 0.00% -443.88% -450.78% -981.19% -2,917.99% -1,737.19% -2,496.93% -716.75%
Net Nonoperating Expense Percent (NNEP)		 581.53% 31.07% 605.48% 41.03% 209.70% 46.66% -8.63% 53.15% 45.68% 28.07% 11.04%
SG&A Expenses to Revenue		 0.00% 5.63% 323.28% 0.00% 195.67% 116.63% 636.23% 2,524.08% 1,875.69% 2,573.30% 1,733.21%
Operating Expenses to Revenue		 0.00% 29.56% 330.74% 0.00% 552.76% 827.09% 1,320.97% 4,433.78% 2,599.50% 3,786.93% 1,187.86%
Earnings before Interest and Taxes (EBIT)		 -3.65 7.65 -65 -5.68 -3.45 -5.90 -5.76 -13 -9.97 -6.49 -3.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.16 7.16 -66 -6.01 -3.62 -5.84 -5.70 -13 -9.92 -6.43 -3.00
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.43 0.42 0.43 0.42 0.60 0.71 0.49 0.53 0.82 0.75 0.86
Price to Tangible Book Value (P/TBV)		 0.43 0.44 0.46 0.45 0.64 0.73 0.77 0.68 1.08 1.02 1.19
Price to Revenue (P/Rev)		 7.97 2.93 0.89 0.96 1.14 1.73 74.74 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 20.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.11% 1.38% 1.62% 1.48%
Earnings Yield		 0.00% 4.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.27 0.35 0.41 0.45 0.54 0.11 0.15 0.08 0.37 0.38 0.54
Enterprise Value to Revenue (EV/Rev)		 4.86 2.43 0.94 1.13 1.16 0.31 26.24 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 10.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 10.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 3.65 3.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 975.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.01 0.02 0.05 0.06 0.07 0.07 0.10 0.08 0.08 0.11 0.09
Long-Term Debt to Equity		 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00
Financial Leverage		 0.00 0.01 0.03 0.03 0.03 0.04 0.08 0.07 0.08 0.09 0.10
Leverage Ratio		 1.02 1.03 1.07 1.07 1.07 1.08 1.20 1.14 1.16 1.17 1.21
Compound Leverage Factor		 0.99 0.82 1.06 0.93 2.84 0.97 1.34 1.08 1.14 1.13 1.15
Debt to Total Capital		 0.50% 2.11% 5.19% 5.42% 6.17% 6.37% 9.12% 7.16% 7.72% 9.59% 8.65%
Short-Term Debt to Total Capital		 0.50% 2.11% 4.47% 4.67% 5.34% 5.48% 9.04% 6.51% 7.66% 8.87% 8.65%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.72% 0.75% 0.83% 0.89% 0.08% 0.65% 0.06% 0.72% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -3.89% -2.57% 4.67% 4.47% 4.69% 4.11% 4.24% 3.76% 4.14% 4.44% 6.12%
Common Equity to Total Capital		 103.39% 100.46% 90.14% 90.11% 89.14% 89.53% 86.64% 89.09% 88.14% 85.97% 85.22%
Debt to EBITDA		 -0.06 0.61 -0.08 -0.07 -0.07 -0.06 -0.40 -0.22 -0.18 -0.21 -0.20
Net Debt to EBITDA		 1.74 -1.36 0.04 -0.03 0.05 0.54 1.39 1.31 0.93 0.70 0.59
Long-Term Debt to EBITDA		 0.00 0.00 -0.01 -0.01 -0.01 -0.01 0.00 -0.02 0.00 -0.02 0.00
Debt to NOPAT		 -0.10 0.87 -0.12 -0.10 -0.11 -0.09 -0.55 -0.32 -0.28 -0.32 -0.30
Net Debt to NOPAT		 2.57 -1.94 0.06 -0.05 0.06 0.77 1.91 1.93 1.41 1.04 0.91
Long-Term Debt to NOPAT		 0.00 0.00 -0.02 -0.01 -0.01 -0.01 0.00 -0.03 0.00 -0.02 0.00
Noncontrolling Interest Sharing Ratio		 0.00% -3.15% 0.44% 0.00% 0.10% 0.28% 4.80% 4.36% 4.72% 4.67% 5.66%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.59 -1.17 -45 1.99 9.13 23 -2.12 -23 -21 -19 2.54
Operating Cash Flow to CapEx		 0.00% -22,990.91% -202.42% -36,112.50% -50,700.00% 0.00% 0.00% 0.00% 0.00% -150,460.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -534.49 12.20 0.00 142.97 0.00 -139.76 0.00 -117.93 423.02
Operating Cash Flow to Interest Expense		 0.00 0.00 -2.95 -17.72 0.00 -14.20 0.00 -61.77 0.00 -46.73 -1,214.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -4.41 -17.77 0.00 -14.12 0.00 -61.76 0.00 -46.76 -1,213.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.15 0.42 0.37 0.42 0.30 0.01 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 3.09 7.94 21.68 19.14 20.47 14.17 0.28 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 95 104 96 91 82 77 93 106 97 92 88
Invested Capital Turnover		 0.05 0.15 0.44 0.39 0.43 0.31 0.01 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -4.98 7.49 0.01 -5.76 -13 -27 -2.51 15 14 15 -4.55
Enterprise Value (EV)		 26 37 39 41 45 8.84 14 8.52 36 35 48
Market Capitalization		 42 44 37 35 44 49 39 50 70 59 65
Book Value per Share		 $4.01 $4.28 $3.62 $3.46 $3.06 $2.87 $3.19 $3.21 $1.66 $1.55 $1.47
Tangible Book Value per Share		 $4.01 $4.06 $3.39 $3.25 $2.85 $2.80 $2.03 $2.50 $1.26 $1.14 $1.06
Total Capital		 95 104 96 91 82 77 93 106 97 92 88
Total Debt		 0.47 2.21 4.96 4.94 5.09 4.94 8.48 7.59 7.46 8.83 7.65
Total Long-Term Debt		 0.00 0.00 0.69 0.69 0.69 0.69 0.08 0.69 0.06 0.66 0.00
Net Debt		 -13 -4.93 -2.48 2.27 -3.07 -43 -29 -45 -38 -29 -23
Capital Expenditures (CapEx)		 0.00 0.01 0.12 0.01 0.01 -0.01 -0.00 -0.00 -0.07 0.01 -0.01
Net Nonoperating Expense (NNE)		 1.37 0.41 17 1.08 5.83 1.67 -0.58 3.33 2.87 1.93 0.89
Net Nonoperating Obligations (NNO)		 0.47 2.21 4.96 4.94 5.09 4.94 8.48 7.59 7.46 8.83 7.65
Total Depreciation and Amortization (D&A)		 -0.50 -0.50 -0.34 -0.33 -0.17 0.06 0.06 0.05 0.05 0.06 0.05
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.15) $0.26 ($1.36) ($0.20) ($0.37) ($0.19) ($0.19) ($0.29) ($0.19) ($0.13) ($0.08)
Adjusted Weighted Average Basic Shares Outstanding		 23.64M 23.64M 23.78M 23.75M 24.06M 24.15M 25.24M 29.42M 51.18M 51.23M 51.23M
Adjusted Diluted Earnings per Share		 $0.00 $0.25 $0.00 ($0.19) ($0.37) ($0.19) ($0.19) ($0.29) ($0.19) ($0.13) ($0.08)
Adjusted Weighted Average Diluted Shares Outstanding		 24.51M 24.40M 24.57M 23.75M 24.06M 24.15M 25.24M 29.42M 51.18M 51.23M 51.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.51M 24.58M 24.57M 0.00 24.67M 24.91M 35.09M 51.77M 51.76M 52.01M 52.00M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.39 4.42 -45 -3.77 -3.38 -1.53 -4.63 -8.72 -6.93 -4.54 -4.61
Normalized NOPAT Margin		 0.00% 40.71% -160.69% 0.00% -443.88% -187.84% -981.19% -2,917.99% -1,737.19% -2,576.88% -1,647.50%
Pre Tax Income Margin		 0.00% 56.26% -229.55% 0.00% -1,207.22% -653.57% -1,369.07% -4,089.63% -2,452.88% -3,567.61% -1,032.86%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 -767.39 -34.87 0.00 -36.22 0.00 -77.13 0.00 -40.30 -507.67
NOPAT to Interest Expense		 0.00 0.00 -534.40 -23.14 0.00 -22.46 0.00 -51.93 0.00 -27.30 -334.48
EBIT Less CapEx to Interest Expense		 0.00 0.00 -768.85 -34.92 0.00 -36.14 0.00 -77.13 0.00 -40.34 -506.67
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -535.86 -23.19 0.00 -22.38 0.00 -51.93 0.00 -27.33 -333.48
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -0.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Rafael Holdings (NYSE: RFL) continues to look like a cash-rich but highly volatile small-cap company, with results swinging sharply from quarter to quarter. Over the last four years, the biggest theme has been inconsistent profitability and heavy dependence on investment-related gains and losses rather than stable operating revenue. In the latest quarter, revenue remained very small while losses widened again and operating cash burn stayed significant.

What stands out most is that Rafael’s balance sheet is still supported by a meaningful cash position and low reported debt, but those strengths have been eroding. Cash fell from $45.5 million in Q1 2026 to $30.5 million in Q3 2026, and total assets declined from $105.4 million to $92.0 million over that period. At the same time, the company posted a net loss of $4.2 million to common shareholders in Q3 2026 and burned $7.3 million in operating cash.

  • Rafael still has a relatively strong liquidity base, with $30.5 million in cash and equivalents at the end of Q3 2026.
  • Total debt remains low, with only about $7.7 million of short-term debt and almost no long-term debt reported in Q3 2026.
  • The company’s equity base is still substantial at $75.4 million in common equity and $80.8 million including noncontrolling interests.
  • The balance sheet has improved in leverage terms compared with prior years, as total liabilities dropped to $11.2 million in Q3 2026 from $23.6 million in Q3 2025.
  • Revenue in Q3 2026 was only $280,000, showing the business still generates very little operating-scale income.
  • Interest income remains the main recurring source of revenue, which suggests the company is still functioning more like an asset/investment holding structure than a traditional operating business.
  • Q3 2026 net income to common shareholders was a loss of $4.23 million, versus a loss of $6.42 million in Q2 2026, so the company remained unprofitable.
  • Operating cash flow was negative $7.28 million in Q3 2026, indicating the core business is still consuming cash.
  • Cash and equivalents declined sharply from $45.5 million in Q1 2026 to $30.5 million in Q3 2026, a sizable drop in just two quarters.
  • For full-year comparison, losses remain large and inconsistent: in fiscal 2025 and 2024, quarters ranged from modest profits to very large losses, reflecting a highly unpredictable earnings pattern.

Trend analysis over the last several years: revenue has been erratic, driven largely by interest income, investment gains/losses, and other non-operating items. In some quarters, the company booked sizeable gains, but those were offset by heavy expense burdens and occasional impairment charges. For example, Q2 2025 showed a profit, while Q4 2024 and multiple 2025/2026 quarters showed steep losses. This makes the earnings profile difficult to forecast and less reliable for investors looking for steady operating momentum.

The bottom line: Rafael Holdings currently has enough liquidity and limited debt to avoid immediate balance-sheet stress, but its business remains loss-making, cash-consuming, and dependent on non-core financial items. Until the company demonstrates sustained operating profit and improved cash generation, the stock is likely to remain driven more by asset value and event-driven swings than by consistent fundamental growth.

07/14/26 07:15 AM ETAI Generated. May Contain Errors.

Rafael Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rafael's financial year ends in July. Their financial year 2025 ended on July 31, 2025.

Rafael's net income appears to be on an upward trend, with a most recent value of -$30.64 million in 2025, falling from $710 thousand in 2016. The previous period was -$65.00 million in 2024. View Rafael's forecast to see where analysts expect Rafael to go next.

Over the last 9 years, Rafael's total revenue changed from $5.58 million in 2016 to -$4.35 million in 2025, a change of -178.0%.

Rafael's total liabilities were at $15.74 million at the end of 2025, a 48.8% increase from 2024, and a 34.8% decrease since 2017.

In the past 8 years, Rafael's cash and equivalents has ranged from $2.68 million in 2024 to $52.77 million in 2025, and is currently $52.77 million as of their latest financial filing in 2025.

Over the last 9 years, Rafael's book value per share changed from 0.00 in 2016 to 3.21 in 2025, a change of 320.8%.


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Financial statements for NYSE:RFL last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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