Rafael Holdings, Inc. (RFL)

Rafael Holdings Income Statement

Financials in millions USD. Fiscal year is August - July.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Rental Revenue	0.82	0.28	0.28	0.29	0.32
Other Revenue	0.09	0.36	-	0.12	0.48
Total Revenue	0.92	0.64	0.28	0.41	0.8
Revenue Growth (YoY	43.96%	128.31%	-31.95%	-48.88%	-83.67%
Property Expenses	0.13	0.15	-	-	-
Selling, General & Administrative	25.6	102.17	15.24	20.72	21.93
Depreciation & Amortization	0.29	0.23	0.08	0.07	0.07
Total Operating Expenses	26.03	71.24	15.32	20.79	22
Operating Income	-25.11	-70.61	-15.04	-20.38	-21.2
Interest Expense	-0.66	-0.25	-	-0.01	-0.01
Interest & Investment Income	2	2.38	3.25	0.2	0
Income (Loss) on Equity Investments	-	-0.42	-0.2	-0.58	0.38
Other Non-Operating Income	0.28	0.12	-	-35.1	-
EBT Excluding Unusual Items	-23.49	-68.78	-11.99	-55.86	-20.83
Merger & Restructuring Charges	-1	-0.72	-	-	-
Impairment of Goodwill	-3.05	-	-	-	-
Gain (Loss) on Sale of Investments	-5.69	1.81	3.05	-79.69	-2.97
Gain (Loss) on Sale of Assets	0.03	-	-	-	0.75
Other Unusual Items	-	-	-	-5	-
Pretax Income	-33.2	-67.68	-8.95	-140.55	-23.04
Income Tax Expense	-2.55	-2.68	-0.26	-	0.02
Earnings From Continuing Operations	-30.64	-65	-8.69	-140.55	-23.06
Earnings From Discontinued Operations	-	-	6.48	-1.83	-1.71
Net Income to Company	-30.64	-65	-2.22	-142.38	-24.77
Minority Interest in Earnings	0.12	30.59	0.34	17.72	0.22
Net Income	-30.52	-34.41	-1.88	-124.66	-24.54
Net Income to Common	-30.52	-34.41	-1.88	-124.66	-24.54
Basic Shares Outstanding	29	24	23	20	17
Diluted Shares Outstanding	29	24	23	20	17
Shares Change (YoY)	23.91%	2.07%	17.69%	19.64%	4.81%
EPS (Basic)	-1.04	-1.45	-0.08	-6.31	-1.49
EPS (Diluted)	-1.04	-1.45	-0.08	-6.31	-1.49
Operating Margin	-2738.17%	-11084.14%	-5391.76%	-4971.22%	-2643.27%
Profit Margin	-3328.24%	-5401.88%	-672.40%	-30404.39%	-3060.35%
EBITDA	-24.82	-70.38	-14.97	-20.31	-21.13
D&A For Ebitda	0.29	0.23	0.08	0.07	0.07
EBIT	-25.11	-70.61	-15.04	-20.38	-21.2
Revenue as Reported	0.92	0.64	0.28	0.41	0.8

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q