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

Rafael Holdings, Inc. is the larger business by last-quarter revenue ($240.0K vs $137.7K, roughly 1.7× Lottery.com Inc.). Lottery.com Inc. runs the higher net margin — -3226.2% vs -4090.0%, a 863.8% gap on every dollar of revenue. On growth, Rafael Holdings, Inc. posted the faster year-over-year revenue change (87.5% vs -31.4%). Over the past eight quarters, Rafael Holdings, Inc.'s revenue compounded faster (85.2% CAGR vs -84.1%).

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.

The Lottery Office is an Australian online lottery operator licensed by the Government of the Northern Territory and allows Australians and New Zealanders to play to win from the draws of the largest lotteries in the world, including US Powerball and Mega Millions. Its parent company, Global Players Network Pty Ltd (GPN), has been licensed and regulated to operate lotteries since 2003.

RFL vs SEGG — Head-to-Head

Bigger by revenue
RFL
RFL
1.7× larger
RFL
$240.0K
$137.7K
SEGG
Growing faster (revenue YoY)
RFL
RFL
+118.9% gap
RFL
87.5%
-31.4%
SEGG
Higher net margin
SEGG
SEGG
863.8% more per $
SEGG
-3226.2%
-4090.0%
RFL
Faster 2-yr revenue CAGR
RFL
RFL
Annualised
RFL
85.2%
-84.1%
SEGG

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
RFL
RFL
SEGG
SEGG
Revenue
$240.0K
$137.7K
Net Profit
$-9.8M
$-4.4M
Gross Margin
Operating Margin
-4225.4%
-3308.9%
Net Margin
-4090.0%
-3226.2%
Revenue YoY
87.5%
-31.4%
Net Profit YoY
-9.0%
44.0%
EPS (diluted)
$-0.19
$-1.19

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
RFL
RFL
SEGG
SEGG
Q4 25
$240.0K
Q3 25
$137.7K
Q2 25
$191.8K
Q1 25
$223.8K
Q4 24
$348.8K
Q3 24
$165.0K
$200.7K
Q2 24
$336.0K
$257.0K
Q1 24
$68.0K
$259.3K
Net Profit
RFL
RFL
SEGG
SEGG
Q4 25
$-9.8M
Q3 25
$-4.4M
Q2 25
$-3.9M
Q1 25
$-3.3M
Q4 24
Q3 24
$-4.5M
$-7.9M
Q2 24
$-32.4M
$-5.9M
Q1 24
$6.0M
$-5.6M
Gross Margin
RFL
RFL
SEGG
SEGG
Q4 25
Q3 25
Q2 25
15.1%
Q1 25
27.4%
Q4 24
69.8%
Q3 24
57.0%
Q2 24
74.7%
82.3%
Q1 24
67.7%
Operating Margin
RFL
RFL
SEGG
SEGG
Q4 25
-4225.4%
Q3 25
-3308.9%
Q2 25
-2058.5%
Q1 25
-1554.6%
Q4 24
Q3 24
-2330.3%
-1824.1%
Q2 24
-27726.5%
-2291.7%
Q1 24
-4622.1%
-2157.5%
Net Margin
RFL
RFL
SEGG
SEGG
Q4 25
-4090.0%
Q3 25
-3226.2%
Q2 25
-2022.3%
Q1 25
-1477.1%
Q4 24
Q3 24
-2707.9%
-3954.0%
Q2 24
-9628.3%
-2288.0%
Q1 24
8892.6%
-2157.3%
EPS (diluted)
RFL
RFL
SEGG
SEGG
Q4 25
$-0.19
Q3 25
$-1.19
Q2 25
$-0.13
Q1 25
$-0.14
Q4 24
Q3 24
$-0.19
$-7.86
Q2 24
$-1.36
$-1.12
Q1 24
$0.25
$-1.40

Balance Sheet & Financial Strength

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

Metric
RFL
RFL
SEGG
SEGG
Cash + ST InvestmentsLiquidity on hand
$45.5M
$320.6K
Total DebtLower is stronger
Stockholders' EquityBook value
$85.2M
$32.9M
Total Assets
$105.4M
$73.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RFL
RFL
SEGG
SEGG
Q4 25
$45.5M
Q3 25
$320.6K
Q2 25
$262.6K
Q1 25
$468.7K
Q4 24
$68.0K
Q3 24
$2.7M
$60.5K
Q2 24
$7.4M
$28.0K
Q1 24
$7.1M
$84.0K
Stockholders' Equity
RFL
RFL
SEGG
SEGG
Q4 25
$85.2M
Q3 25
$32.9M
Q2 25
$19.8M
Q1 25
$19.9M
Q4 24
$20.5M
Q3 24
$82.2M
$25.7M
Q2 24
$86.1M
$30.7M
Q1 24
$104.9M
$32.5M
Total Assets
RFL
RFL
SEGG
SEGG
Q4 25
$105.4M
Q3 25
$73.4M
Q2 25
$53.1M
Q1 25
$53.4M
Q4 24
$52.9M
Q3 24
$96.8M
$58.4M
Q2 24
$101.6M
$62.1M
Q1 24
$106.1M
$63.1M

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
SEGG
SEGG
Operating Cash FlowLast quarter
$-6.8M
$-4.1M
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
RFL
RFL
SEGG
SEGG
Q4 25
$-6.8M
Q3 25
$-4.1M
Q2 25
$-3.2M
Q1 25
$924.9K
Q4 24
$-1.5M
Q3 24
$-2.9M
$2.4M
Q2 24
$-251.0K
$-368.1K
Q1 24
$-2.5M
$-1.1M
Free Cash Flow
RFL
RFL
SEGG
SEGG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-375.0K
Q1 24
FCF Margin
RFL
RFL
SEGG
SEGG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-111.6%
Q1 24
Capex Intensity
RFL
RFL
SEGG
SEGG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
36.9%
Q1 24
Cash Conversion
RFL
RFL
SEGG
SEGG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.42×

Financial Flow Comparison

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

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