# Rafael Holdings Inc. (RFL) — Operating Income

## Annual Operating Income (USD)

| Year | Operating Income |
| --- | --- |
| 2025 | -$29M |
| 2024 | -$103M |
| 2023 | -$15M |
| 2022 | -$60M |
| 2021 | -$28M |
| 2020 | -$8M |
| 2019 | -$7M |
| 2018 | -$4M |
| 2017 | $221,000 |
| 2016 | $1M |

## Quarterly Operating Income (USD)

| Quarter | Operating Income |
| --- | --- |
| 2026-01-31 | -$7M |
| 2025-10-31 | -$10M |
| 2025-04-30 | -$6M |
| 2025-01-31 | -$7M |
| 2024-10-31 | -$4M |
| 2024-04-30 | -$93M |
| 2024-01-31 | -$3M |
| 2023-10-31 | -$2M |
| 2023-04-30 | -$3M |
| 2023-01-31 | -$4M |
| 2022-10-31 | -$5M |
| 2022-04-30 | -$5M |
| 2022-01-31 | -$2M |
| 2021-10-31 | -$50M |
| 2021-04-30 | -$3M |
| 2021-01-31 | -$11M |
| 2020-10-31 | -$2M |
| 2020-04-30 | -$2M |
| 2020-01-31 | -$2M |
| 2019-10-31 | -$2M |
| 2019-04-30 | -$1M |
| 2019-01-31 | -$1M |
| 2018-10-31 | -$1M |
| 2018-04-30 | -$731,000 |

Source: [CompaniesByCap](https://companiesbycap.com/company/RFL/operating-income)