stockrowRafael Holdings, Inc.
RFL Real Estate Real Estate Services
Rafael Holdings, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $874,000.00, down 4.69% from fiscal 2025.
- Revenue
- −30.3%
- EPS
- +35.7%
- Free cash flow
- +19.3%
- Total debt
- −11.8%
Quarter to July 2026, against a year earlier
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Rafael Holdings, Inc. (RFL) Piotroski F-score
Rafael Holdings, Inc.'s Piotroski F-score for fiscal 2026 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 3 | (2.00) |
| FY2025 | 5 | 3.00 |
| FY2024 | 2 | (1.00) |
| FY2023 | 3 | 0.00 |
| FY2022 | 3 | 1.00 |
| FY2021 | 2 | 0.00 |
| FY2020 | 2 | 0.00 |
| FY2019 | 2 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (30.06%) | (28.94%) | Fail | 0 |
| Positive operating cash flow | (29.99m) | (18.92m) | Fail | 0 |
| Rising return on assets | (30.06%) | (28.94%) | Fail | 0 |
| Cash flow above net income | (352.00k) | 11.60m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 2.35 | 4.89 | Fail | 0 |
| No new shares issued | 51,393,000 | 29,422,000 | Fail | 0 |
| Rising gross margin | 95.19% | 85.39% | Pass | 1 |
| Rising asset turnover | 0.01 | 0.01 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| STHO Star Holdings compare | 6 |
| SRG Seritage Growth Properties compare | 6 |
| OMH Ohmyhome Limited compare | 5 |
| EUDA EUDA Health Holdings Limited compare | 5 |
| DUO Fangdd Network Group compare | 5 |
| MDRR Medalist Diversified REIT, Inc. compare | 4 |
| ASPS Altisource Portfolio Solutions S.A. compare | 4 |
| RFL Rafael Holdings, Inc. | 3 |
| MAYS J. W. Mays, Inc. compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover