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Side-by-side financial comparison of Chaince Digital Holdings Inc. (CD) and Rafael Holdings, Inc. (RFL). Click either name above to swap in a different company.

Chaince Digital Holdings Inc. is the larger business by last-quarter revenue ($466.6K vs $240.0K, roughly 1.9× Rafael Holdings, Inc.). Chaince Digital Holdings Inc. runs the higher net margin — -640.5% vs -4090.0%, a 3449.5% gap on every dollar of revenue.

Rafael Advanced Defense Systems Ltd. is an Israeli defense technology company. It was founded as Israel's National R&D Defense Laboratory for the development of weapons and military technology within the Israeli Ministry of Defense; in 2002 it was incorporated as a limited company.

CD vs RFL — Head-to-Head

Bigger by revenue
CD
CD
1.9× larger
CD
$466.6K
$240.0K
RFL
Higher net margin
CD
CD
3449.5% more per $
CD
-640.5%
-4090.0%
RFL

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CD
CD
RFL
RFL
Revenue
$466.6K
$240.0K
Net Profit
$-3.0M
$-9.8M
Gross Margin
Operating Margin
-665.1%
-4225.4%
Net Margin
-640.5%
-4090.0%
Revenue YoY
87.5%
Net Profit YoY
-9.0%
EPS (diluted)
$-0.05
$-0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CD
CD
RFL
RFL
Q4 25
$240.0K
Q2 25
$466.6K
Q3 24
$165.0K
Q2 24
$336.0K
Q1 24
$68.0K
Q4 23
$68.0K
Q3 23
$68.0K
Q2 23
$71.0K
Net Profit
CD
CD
RFL
RFL
Q4 25
$-9.8M
Q2 25
$-3.0M
Q3 24
$-4.5M
Q2 24
$-32.4M
Q1 24
$6.0M
Q4 23
$-3.6M
Q3 23
$1.2M
Q2 23
$-1.4M
Gross Margin
CD
CD
RFL
RFL
Q4 25
Q2 25
Q3 24
Q2 24
74.7%
Q1 24
Q4 23
Q3 23
Q2 23
Operating Margin
CD
CD
RFL
RFL
Q4 25
-4225.4%
Q2 25
-665.1%
Q3 24
-2330.3%
Q2 24
-27726.5%
Q1 24
-4622.1%
Q4 23
-3644.1%
Q3 23
-3839.7%
Q2 23
-4269.0%
Net Margin
CD
CD
RFL
RFL
Q4 25
-4090.0%
Q2 25
-640.5%
Q3 24
-2707.9%
Q2 24
-9628.3%
Q1 24
8892.6%
Q4 23
-5350.0%
Q3 23
1792.6%
Q2 23
-2023.9%
EPS (diluted)
CD
CD
RFL
RFL
Q4 25
$-0.19
Q2 25
$-0.05
Q3 24
$-0.19
Q2 24
$-1.36
Q1 24
$0.25
Q4 23
$-0.15
Q3 23
$0.05
Q2 23
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CD
CD
RFL
RFL
Cash + ST InvestmentsLiquidity on hand
$27.2M
$45.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.4M
$85.2M
Total Assets
$36.6M
$105.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CD
CD
RFL
RFL
Q4 25
$45.5M
Q2 25
$27.2M
Q3 24
$2.7M
Q2 24
$7.4M
Q1 24
$7.1M
Q4 23
$13.2M
Q3 23
$21.5M
Q2 23
$15.4M
Stockholders' Equity
CD
CD
RFL
RFL
Q4 25
$85.2M
Q2 25
$29.4M
Q3 24
$82.2M
Q2 24
$86.1M
Q1 24
$104.9M
Q4 23
$98.2M
Q3 23
$100.3M
Q2 23
$98.5M
Total Assets
CD
CD
RFL
RFL
Q4 25
$105.4M
Q2 25
$36.6M
Q3 24
$96.8M
Q2 24
$101.6M
Q1 24
$106.1M
Q4 23
$95.5M
Q3 23
$98.8M
Q2 23
$96.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CD
CD
RFL
RFL
Operating Cash FlowLast quarter
$-1.3M
$-6.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CD
CD
RFL
RFL
Q4 25
$-6.8M
Q2 25
$-1.3M
Q3 24
$-2.9M
Q2 24
$-251.0K
Q1 24
$-2.5M
Q4 23
$-2.1M
Q3 23
$-1.4M
Q2 23
$-1.3M
Free Cash Flow
CD
CD
RFL
RFL
Q4 25
Q2 25
Q3 24
Q2 24
$-375.0K
Q1 24
Q4 23
Q3 23
Q2 23
FCF Margin
CD
CD
RFL
RFL
Q4 25
Q2 25
Q3 24
Q2 24
-111.6%
Q1 24
Q4 23
Q3 23
Q2 23
Capex Intensity
CD
CD
RFL
RFL
Q4 25
Q2 25
Q3 24
Q2 24
36.9%
Q1 24
Q4 23
Q3 23
Q2 23
Cash Conversion
CD
CD
RFL
RFL
Q4 25
Q2 25
Q3 24
Q2 24
Q1 24
-0.42×
Q4 23
Q3 23
-1.19×
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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