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

Rafael Holdings, Inc. is the larger business by last-quarter revenue ($240.0K vs $238.0K, roughly 1.0× RenovoRx, Inc.). RenovoRx, Inc. runs the higher net margin — -1235.7% vs -4090.0%, a 2854.3% 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.

RenovoRx, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative targeted therapy delivery systems for cancer treatment. Its core assets include proprietary transarterial delivery platforms, with primary operations in the United States, serving unmet medical needs in the oncology care segment.

RFL vs RNXT — Head-to-Head

Bigger by revenue
RFL
RFL
1.0× larger
RFL
$240.0K
$238.0K
RNXT
Higher net margin
RNXT
RNXT
2854.3% more per $
RNXT
-1235.7%
-4090.0%
RFL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RFL
RFL
RNXT
RNXT
Revenue
$240.0K
$238.0K
Net Profit
$-9.8M
$-2.9M
Gross Margin
88.2%
Operating Margin
-4225.4%
-1479.8%
Net Margin
-4090.0%
-1235.7%
Revenue YoY
87.5%
Net Profit YoY
-9.0%
-2.2%
EPS (diluted)
$-0.19
$-0.08

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
RFL
RFL
RNXT
RNXT
Q4 25
$240.0K
$238.0K
Q3 25
$266.0K
Q2 25
$422.0K
Q1 25
$197.0K
Q3 24
$165.0K
Q2 24
$336.0K
Q1 24
$68.0K
Q4 23
$68.0K
Net Profit
RFL
RFL
RNXT
RNXT
Q4 25
$-9.8M
$-2.9M
Q3 25
$-2.9M
Q2 25
$-2.9M
Q1 25
$-2.4M
Q3 24
$-4.5M
Q2 24
$-32.4M
Q1 24
$6.0M
Q4 23
$-3.6M
Gross Margin
RFL
RFL
RNXT
RNXT
Q4 25
88.2%
Q3 25
80.1%
Q2 25
64.0%
Q1 25
52.3%
Q3 24
Q2 24
74.7%
Q1 24
Q4 23
Operating Margin
RFL
RFL
RNXT
RNXT
Q4 25
-4225.4%
-1479.8%
Q3 25
-1203.0%
Q2 25
-634.6%
Q1 25
-1578.7%
Q3 24
-2330.3%
Q2 24
-27726.5%
Q1 24
-4622.1%
Q4 23
-3644.1%
Net Margin
RFL
RFL
RNXT
RNXT
Q4 25
-4090.0%
-1235.7%
Q3 25
-1094.7%
Q2 25
-686.0%
Q1 25
-1228.4%
Q3 24
-2707.9%
Q2 24
-9628.3%
Q1 24
8892.6%
Q4 23
-5350.0%
EPS (diluted)
RFL
RFL
RNXT
RNXT
Q4 25
$-0.19
$-0.08
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.08
Q3 24
$-0.19
Q2 24
$-1.36
Q1 24
$0.25
Q4 23
$-0.15

Balance Sheet & Financial Strength

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

Metric
RFL
RFL
RNXT
RNXT
Cash + ST InvestmentsLiquidity on hand
$45.5M
$7.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.2M
$5.4M
Total Assets
$105.4M
$8.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RFL
RFL
RNXT
RNXT
Q4 25
$45.5M
$7.0M
Q3 25
$10.0M
Q2 25
$12.3M
Q1 25
$14.6M
Q3 24
$2.7M
Q2 24
$7.4M
Q1 24
$7.1M
Q4 23
$13.2M
Stockholders' Equity
RFL
RFL
RNXT
RNXT
Q4 25
$85.2M
$5.4M
Q3 25
$8.1M
Q2 25
$10.6M
Q1 25
$13.2M
Q3 24
$82.2M
Q2 24
$86.1M
Q1 24
$104.9M
Q4 23
$98.2M
Total Assets
RFL
RFL
RNXT
RNXT
Q4 25
$105.4M
$8.1M
Q3 25
$11.2M
Q2 25
$13.6M
Q1 25
$16.0M
Q3 24
$96.8M
Q2 24
$101.6M
Q1 24
$106.1M
Q4 23
$95.5M

Cash Flow & Capital Efficiency

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

Metric
RFL
RFL
RNXT
RNXT
Operating Cash FlowLast quarter
$-6.8M
$-3.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RFL
RFL
RNXT
RNXT
Q4 25
$-6.8M
$-3.0M
Q3 25
$-2.3M
Q2 25
$-2.3M
Q1 25
$-3.4M
Q3 24
$-2.9M
Q2 24
$-251.0K
Q1 24
$-2.5M
Q4 23
$-2.1M
Free Cash Flow
RFL
RFL
RNXT
RNXT
Q4 25
Q3 25
Q2 25
Q1 25
$-3.4M
Q3 24
Q2 24
$-375.0K
Q1 24
Q4 23
FCF Margin
RFL
RFL
RNXT
RNXT
Q4 25
Q3 25
Q2 25
Q1 25
-1717.3%
Q3 24
Q2 24
-111.6%
Q1 24
Q4 23
Capex Intensity
RFL
RFL
RNXT
RNXT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q3 24
Q2 24
36.9%
Q1 24
Q4 23
Cash Conversion
RFL
RFL
RNXT
RNXT
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
-0.42×
Q4 23

Financial Flow Comparison

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

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