Rafael Holdings, Inc. (RFL)

Rafael Holdings Cash Flow 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
Net Income	-30.52	-34.41	-1.88	-124.66	-24.54
Depreciation & Amortization	0.29	0.23	0.08	0.07	0.07
Gain (Loss) on Sale of Assets	0.05	-0.01	-	-	-0.75
Gain (Loss) on Sale of Investments	4.68	-2.51	-3.93	79.69	2.97
Asset Writedown	3.05	89.86	-	-	-
Stock-Based Compensation	2.12	2.3	2.19	-0.92	6.63
Income (Loss) on Equity Investments	-	0.42	0.2	0.58	-0.38
Change in Accounts Receivable	0.09	-0.29	-0.36	-0.07	-0.16
Change in Accounts Payable	-0.92	-0.15	-0.83	0.05	0.16
Change in Other Net Operating Assets	1.81	-0.18	1.1	0	-0.99
Other Operating Activities	0.43	-63.09	-6.82	-5.79	1.49
Net Cash from Discontinued Operations	-	-	-0.64	-0.04	-0.29
Operating Cash Flow	-18.92	-7.8	-10.89	-26.08	-15.6
Acquisition of Real Estate Assets	-0	-0.14	-	-0	-
Sale of Real Estate Assets	0.01	-	-	-	3.7
Net Sale / Acq. of Real Estate Assets	0.01	-0.14	-	-0	3.7
Cash Acquisition	-2.71	2.36	-	-	-
Investment in Marketable & Equity Securities	63.71	-8.78	-24.96	-36.81	-11.12
Other Investing Activities	-16.95	-4.49	46.17	-26.99	-0.75
Investing Cash Flow	44.04	-10.82	21.21	-63.8	-8.17
Short-Term Debt Repaid	-	-0.8	-	-	-
Total Debt Repaid	-	-0.8	-	-	-
Net Debt Issued (Repaid)	-	-0.8	-	-	-
Issuance of Common Stock	25.05	0.87	-	110.17	15.07
Repurchase of Common Stock	-0.22	-0.3	-0.22	-0.08	-0.19
Other Financing Activities	-	0.06	-15	-6.23	15.41
Foreign Exchange Rate Adjustments	0.15	-0.02	-0.15	-0.31	0.12
Net Cash Flow	50.09	-18.82	-5.04	13.68	6.65
Levered Free Cash Flow	-5.31	-41.6	30.66	-7.14	-54.19
Unlevered Free Cash Flow	-4.9	-41.44	30.66	-7.14	-54.18
Change in Working Capital	0.97	-0.61	-0.09	-0.01	-0.99

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

SEC Filings: 10-K · 10-Q