---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-028311"
form_type: "8-K"
ticker: "RFL"
cik: "0001713863"
company_name: "Rafael Holdings, Inc."
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T11:49:58.563231+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rafael Holdings Q2 net loss $6.4M; Phase 3 trial on track for Q3 2026 top-line

## Summary
- Net loss of $6.4M ($0.13 per share) vs $4.6M ($0.19) YoY; increase due to Cyclo consolidation.
- Cash and cash equivalents $37.8M as of Jan 31, 2026.
- R&D expenses $4.5M (up from $0.9M YoY) driven by Cyclo acquisition and Phase 3 trial costs.
- Phase 3 TransportNPC study of Trappsol Cyclo continued after DMC review; top-line results expected Q3 calendar 2026.
- G&A expenses $2.3M, down from $2.6M YoY, offset by Cyclo costs and lower payroll.

## SEC filing metadata
- accession: 0001213900-26-028311
- form_type: 8-K
- ticker: RFL
- cik: 0001713863
- company_name: Rafael Holdings, Inc.
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1713863/000121390026028311/0001213900-26-028311-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1713863/000121390026028311/ea0281582-8k_rafael.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-028311
- JSON: https://secwatch.observer/filing/0001213900-26-028311.json
- Plain text: https://secwatch.observer/filing/0001213900-26-028311.txt

## Key facts
- Earnings Releases
  Rafael Holdings, Inc. reported the six months ended January 31, 2026 results: net income $16.2 million, EPS $0.32 per share.
  - Period: the six months ended January 31, 2026
  - Net income: $16.2 million
  - EPS: $0.32 per share
  - Result: reported results
  source text: For the six months ended January 31, 2026, we recorded a net loss attributable to Rafael Holdings of $16.2 million, or $0.32 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713863/000121390026028311/0001213900-26-028311-index.htm
- Earnings Releases
  Rafael Holdings, Inc. reported the three months ended January 31, 2026 results: net income $6.4 million, EPS $0.13 per share.
  - Period: the three months ended January 31, 2026
  - Net income: $6.4 million
  - EPS: $0.13 per share
  - Result: reported results
  source text: For the three months ended January 31, 2026, we recorded a net loss attributable to Rafael Holdings of $6.4 million, or $0.13 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713863/000121390026028311/0001213900-26-028311-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.