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Side-by-side financial comparison of MAINZ BIOMED N.V. (MYNZ) and Rafael Holdings, Inc. (RFL). Click either name above to swap in a different company.

Rafael Holdings, Inc. is the larger business by last-quarter revenue ($240.0K vs $214.8K, roughly 1.1× MAINZ BIOMED N.V.).

Mainz Biomed N.V. is a molecular diagnostics company specializing in the development and commercialization of non-invasive early detection tests for gastrointestinal cancers, primarily colorectal cancer. Its flagship product ColoAlert is approved and available across European markets, with active expansion initiatives targeting North America and other global regions.

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.

MYNZ vs RFL — Head-to-Head

Bigger by revenue
RFL
RFL
1.1× larger
RFL
$240.0K
$214.8K
MYNZ

Income Statement — Q4 FY2023 vs Q1 FY2026

Metric
MYNZ
MYNZ
RFL
RFL
Revenue
$214.8K
$240.0K
Net Profit
$-9.8M
Gross Margin
62.7%
Operating Margin
-4225.4%
Net Margin
-4090.0%
Revenue YoY
87.5%
Net Profit YoY
-9.0%
EPS (diluted)
$-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
MYNZ
MYNZ
RFL
RFL
Q4 25
$240.0K
Q3 24
$165.0K
Q2 24
$336.0K
Q1 24
$68.0K
Q4 23
$214.8K
$68.0K
Q3 23
$181.7K
$68.0K
Q2 23
$248.9K
$71.0K
Q1 23
$1
$70.0K
Net Profit
MYNZ
MYNZ
RFL
RFL
Q4 25
$-9.8M
Q3 24
$-4.5M
Q2 24
$-32.4M
Q1 24
$6.0M
Q4 23
$-3.6M
Q3 23
$-6.3M
$1.2M
Q2 23
$-8.3M
$-1.4M
Q1 23
$-6.6M
$-3.3M
Gross Margin
MYNZ
MYNZ
RFL
RFL
Q4 25
Q3 24
Q2 24
74.7%
Q1 24
Q4 23
62.7%
Q3 23
48.0%
Q2 23
59.8%
Q1 23
Operating Margin
MYNZ
MYNZ
RFL
RFL
Q4 25
-4225.4%
Q3 24
-2330.3%
Q2 24
-27726.5%
Q1 24
-4622.1%
Q4 23
-3644.1%
Q3 23
-3104.9%
-3839.7%
Q2 23
-3183.9%
-4269.0%
Q1 23
-648755600.0%
-6084.3%
Net Margin
MYNZ
MYNZ
RFL
RFL
Q4 25
-4090.0%
Q3 24
-2707.9%
Q2 24
-9628.3%
Q1 24
8892.6%
Q4 23
-5350.0%
Q3 23
-3467.7%
1792.6%
Q2 23
-3314.7%
-2023.9%
Q1 23
-656091600.0%
-4642.9%
EPS (diluted)
MYNZ
MYNZ
RFL
RFL
Q4 25
$-0.19
Q3 24
$-0.19
Q2 24
$-1.36
Q1 24
$0.25
Q4 23
$-0.15
Q3 23
$-0.39
$0.05
Q2 23
$-0.56
$-0.06
Q1 23
$-0.45
$-0.14

Balance Sheet & Financial Strength

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

Metric
MYNZ
MYNZ
RFL
RFL
Cash + ST InvestmentsLiquidity on hand
$7.1M
$45.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4M
$85.2M
Total Assets
$15.4M
$105.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MYNZ
MYNZ
RFL
RFL
Q4 25
$45.5M
Q3 24
$2.7M
Q2 24
$7.4M
Q1 24
$7.1M
Q4 23
$7.1M
$13.2M
Q3 23
$9.3M
$21.5M
Q2 23
$10.9M
$15.4M
Q1 23
$10.9M
$9.7M
Stockholders' Equity
MYNZ
MYNZ
RFL
RFL
Q4 25
$85.2M
Q3 24
$82.2M
Q2 24
$86.1M
Q1 24
$104.9M
Q4 23
$3.4M
$98.2M
Q3 23
$3.4M
$100.3M
Q2 23
$5.2M
$98.5M
Q1 23
$9.7M
$100.1M
Total Assets
MYNZ
MYNZ
RFL
RFL
Q4 25
$105.4M
Q3 24
$96.8M
Q2 24
$101.6M
Q1 24
$106.1M
Q4 23
$15.4M
$95.5M
Q3 23
$17.9M
$98.8M
Q2 23
$19.3M
$96.4M
Q1 23
$19.5M
$98.5M

Cash Flow & Capital Efficiency

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

Metric
MYNZ
MYNZ
RFL
RFL
Operating Cash FlowLast quarter
$-21.9M
$-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
MYNZ
MYNZ
RFL
RFL
Q4 25
$-6.8M
Q3 24
$-2.9M
Q2 24
$-251.0K
Q1 24
$-2.5M
Q4 23
$-21.9M
$-2.1M
Q3 23
$-6.5M
$-1.4M
Q2 23
$-5.1M
$-1.3M
Q1 23
$-5.7M
$-5.5M
Free Cash Flow
MYNZ
MYNZ
RFL
RFL
Q4 25
Q3 24
Q2 24
$-375.0K
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
FCF Margin
MYNZ
MYNZ
RFL
RFL
Q4 25
Q3 24
Q2 24
-111.6%
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Capex Intensity
MYNZ
MYNZ
RFL
RFL
Q4 25
Q3 24
Q2 24
36.9%
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Cash Conversion
MYNZ
MYNZ
RFL
RFL
Q4 25
Q3 24
Q2 24
Q1 24
-0.42×
Q4 23
Q3 23
-1.19×
Q2 23
Q1 23

Financial Flow Comparison

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

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