Company / R&D Expense
Rafael Holdings, Inc. R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$12.8M
FY2025
5-year range
$4.2M / $12.8M
FY2021-FY2025
Trend
+207.5%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense changed +208% YoY in FY2025, a notable deviation from the 7-year average annual change of +88%.
Based on SEC 10-K filings.
$13M in FY2025 with a 5-year CAGR of +65.7%.
Improved from $9M to $13M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +13.6%
- 5-Year CAGR
- +65.7%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +65.7%, indicating consistent growth.
- In FY2025, r&d expense increased 207.5% year-over-year.
- Lowest r&d expense in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score -0.22 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $12.8M | +207.5% |
| FY2024 | $4.2M | -52.3% |
| FY2023 | $8.7M | +0.0% |
| FY2022 | $8.7M | +78.2% |
| FY2021 | $4.9M | +377.8% |
| FY2020 | $1.0M | +3.2% |
| FY2019 | $995.0K | +0.0% |
| FY2018 | $995.0K | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026