RFL · NYSE · Real Estate - Services

Rafael (RFL)

Develops Trappsol Cyclo while holding healthcare, infusion-technology, and real-estate interests.

$2.06
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Rafael Holdings, Inc.RFL
Real Estate

Develops Trappsol Cyclo for Niemann-Pick disease type C, its lead clinical asset. The holding company also owns interests spanning healthcare, Day Three's Unlokt infusion technology, and a commercial real-estate property in Israel.

Develops Trappsol Cyclo, a clinical candidate for Niemann-Pick disease type C that became the lead asset after the Cyclo Therapeutics combination. The healthcare portfolio also includes majority interests in LipoMedix, Barer, Cornerstone, and Rafael Medical Devices.

The Infusion Technology segment holds a majority interest in Day Three and earns revenue from its Unlokt technology. Real Estate consists of a portion of one commercial building in Israel. Together, those operations retain the company's holding-company structure alongside its clinical program.

Howard S. Jonas controls shareholder voting power. The clinical trajectory depends on TransportNPC topline data and subsequent regulatory progress.

Company facts

CEOHoward S. Jonas
ListedMar 27, 2018
ExchangeNYSE
HeadquartersNewark, NJ
CountryUnited States
Employees22
CIK0001713863
ISINUS75062E1064

Market cap$102.4M
EPS (ttm)−$0.6825
P/E (ttm)−2.93
ROE-39.0%
P/B1.36
P/S104.52
Dividend yieldDiv yield
Beta0.67vs XLRE −0.11

No analyst consensus on record.

Next report
Oct 28, 26
estimated · in 36 days
EPS estimate
Revenue estimate
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Dec '24Mar '25Jun '25Oct '25Dec '25Mar '26Jun '26Oct '26
Reported−$0.37−$0.06−$0.19−$0.28−$0.19−$0.13−$0.15Pending
Estimate
Surprise

RevenueReportedEstimate

Dec '24Mar '25Jun '25Oct '25Dec '25Mar '26Jun '26Oct '26
Reported$128.0K$77.0K$362.0K$350.0K$240.0K$211.0K$179.0KPending
Estimate
Surprise
Estimate
ReportedDue Oct 28, 2026
Estimate
ReportedDue Oct 28, 2026
View details

Debt to equity0.80%
Current ratio316.30%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$165.0K$128.0K$77.0K$362.0K$350.0K$240.0K$211.0K$179.0K
Net income−$4.5M−$9.0M−$4.6M−$4.8M−$12.1M−$9.8M−$6.4M−$4.2M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income−$3.8M−$3.8M−$6.6M−$5.9M−$12.8M−$10.1M−$6.7M−$6.9M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Apr 30, 2026Cash & short-term investments $30.5M · Total debt $610.0K · Total assets $92.0M · Shareholders' equity $75.4M

Revenue
$179.0K
Operating income
−$6.9M
Net income
−$4.2M
View details

No dividends on record.

Institutions7.49%3.89M shares
44 holders · as of Jun 30, 2026
Insiders31.67%16.47M shares
11 holders · as of Jun 23, 2026
Strategic holders6.95%3.62M shares
1 holder · as of Jun 9, 2025
Other53.89%28.02M shares
remainder

52.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Howard S. Jonas1Insiderdirector, 10 percent owner, officer: Exec Chairman, CEO & President
28.25%13.59M B · 787,163 A · 100filed Jun 9, 2025
i9 PLUS, LLCStrategicdirector
6.95%3.62M Bfiled Jun 9, 2025
Vanguard Capital Management LLCInstitution
2.63%1.37M Bas of Jun 30, 2026
William ConklingInsiderofficer: Chief Executive Officer
1.09%564,455 Bfiled Apr 24, 2025
Geode Capital Management, LLCInstitution
0.83%429,879 Bas of Jun 30, 2026
  1. The filed share classes (B, A, COMMON) could not be matched to the company's, so no percentage.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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