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

SenesTech, Inc. is the larger business by last-quarter revenue ($421.0K vs $240.0K, roughly 1.8× Rafael Holdings, Inc.). SenesTech, Inc. runs the higher net margin — -428.5% vs -4090.0%, a 3661.5% gap on every dollar of revenue. On growth, Rafael Holdings, Inc. posted the faster year-over-year revenue change (87.5% vs -16.0%). Over the past eight quarters, Rafael Holdings, Inc.'s revenue compounded faster (85.2% CAGR vs 0.7%).

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.

SenesTech, Inc. is an agricultural biotechnology life-sciences company, specializing in fertility management as a form of pest control. The company's primary product, ContraPest is designed to make brown and black rats infertile. SenesTech is headquartered in Phoenix, Arizona.

RFL vs SNES — Head-to-Head

Bigger by revenue
SNES
SNES
1.8× larger
SNES
$421.0K
$240.0K
RFL
Growing faster (revenue YoY)
RFL
RFL
+103.5% gap
RFL
87.5%
-16.0%
SNES
Higher net margin
SNES
SNES
3661.5% more per $
SNES
-428.5%
-4090.0%
RFL
Faster 2-yr revenue CAGR
RFL
RFL
Annualised
RFL
85.2%
0.7%
SNES

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RFL
RFL
SNES
SNES
Revenue
$240.0K
$421.0K
Net Profit
$-9.8M
$-1.8M
Gross Margin
55.3%
Operating Margin
-4225.4%
-446.8%
Net Margin
-4090.0%
-428.5%
Revenue YoY
87.5%
-16.0%
Net Profit YoY
-9.0%
-43.7%
EPS (diluted)
$-0.19
$0.48

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
SNES
SNES
Q4 25
$240.0K
$421.0K
Q3 25
$690.0K
Q2 25
$625.0K
Q1 25
$485.0K
Q4 24
$501.0K
Q3 24
$165.0K
$482.0K
Q2 24
$336.0K
$459.0K
Q1 24
$68.0K
$415.0K
Net Profit
RFL
RFL
SNES
SNES
Q4 25
$-9.8M
$-1.8M
Q3 25
$-1.3M
Q2 25
$-1.6M
Q1 25
$-1.7M
Q4 24
$-1.3M
Q3 24
$-4.5M
$-1.5M
Q2 24
$-32.4M
$-1.6M
Q1 24
$6.0M
$-1.8M
Gross Margin
RFL
RFL
SNES
SNES
Q4 25
55.3%
Q3 25
62.8%
Q2 25
65.4%
Q1 25
64.5%
Q4 24
60.9%
Q3 24
65.4%
Q2 24
74.7%
54.2%
Q1 24
32.5%
Operating Margin
RFL
RFL
SNES
SNES
Q4 25
-4225.4%
-446.8%
Q3 25
-195.2%
Q2 25
-258.2%
Q1 25
-342.9%
Q4 24
-250.9%
Q3 24
-2330.3%
-321.0%
Q2 24
-27726.5%
-349.0%
Q1 24
-4622.1%
-444.1%
Net Margin
RFL
RFL
SNES
SNES
Q4 25
-4090.0%
-428.5%
Q3 25
-188.1%
Q2 25
-258.6%
Q1 25
-343.3%
Q4 24
-250.5%
Q3 24
-2707.9%
-313.9%
Q2 24
-9628.3%
-345.1%
Q1 24
8892.6%
-441.4%
EPS (diluted)
RFL
RFL
SNES
SNES
Q4 25
$-0.19
$0.48
Q3 25
$-0.28
Q2 25
$-0.87
Q1 25
$-1.28
Q4 24
$-0.15
Q3 24
$-0.19
$-2.07
Q2 24
$-1.36
$-3.08
Q1 24
$0.25
$-3.56

Balance Sheet & Financial Strength

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

Metric
RFL
RFL
SNES
SNES
Cash + ST InvestmentsLiquidity on hand
$45.5M
$8.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.2M
$9.6M
Total Assets
$105.4M
$12.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RFL
RFL
SNES
SNES
Q4 25
$45.5M
$8.6M
Q3 25
$10.2M
Q2 25
$6.1M
Q1 25
$1.7M
Q4 24
$1.3M
Q3 24
$2.7M
$2.5M
Q2 24
$7.4M
$2.0M
Q1 24
$7.1M
$3.6M
Stockholders' Equity
RFL
RFL
SNES
SNES
Q4 25
$85.2M
$9.6M
Q3 25
$11.3M
Q2 25
$7.0M
Q1 25
$2.9M
Q4 24
$2.5M
Q3 24
$82.2M
$3.7M
Q2 24
$86.1M
$3.1M
Q1 24
$104.9M
$4.6M
Total Assets
RFL
RFL
SNES
SNES
Q4 25
$105.4M
$12.8M
Q3 25
$14.6M
Q2 25
$10.4M
Q1 25
$3.6M
Q4 24
$3.3M
Q3 24
$96.8M
$4.4M
Q2 24
$101.6M
$4.0M
Q1 24
$106.1M
$5.5M

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
SNES
SNES
Operating Cash FlowLast quarter
$-6.8M
$-1.7M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-398.3%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RFL
RFL
SNES
SNES
Q4 25
$-6.8M
$-1.7M
Q3 25
$-1.4M
Q2 25
$-1.1M
Q1 25
$-1.6M
Q4 24
$-1.2M
Q3 24
$-2.9M
$-1.4M
Q2 24
$-251.0K
$-1.6M
Q1 24
$-2.5M
$-1.8M
Free Cash Flow
RFL
RFL
SNES
SNES
Q4 25
$-1.7M
Q3 25
$-1.4M
Q2 25
$-1.2M
Q1 25
$-1.6M
Q4 24
$-1.2M
Q3 24
$-1.4M
Q2 24
$-375.0K
$-1.6M
Q1 24
$-1.8M
FCF Margin
RFL
RFL
SNES
SNES
Q4 25
-398.3%
Q3 25
-205.9%
Q2 25
-191.5%
Q1 25
-328.5%
Q4 24
-246.1%
Q3 24
-296.1%
Q2 24
-111.6%
-354.2%
Q1 24
-441.2%
Capex Intensity
RFL
RFL
SNES
SNES
Q4 25
3.1%
Q3 25
6.1%
Q2 25
7.5%
Q1 25
7.4%
Q4 24
3.0%
Q3 24
5.8%
Q2 24
36.9%
8.5%
Q1 24
0.5%
Cash Conversion
RFL
RFL
SNES
SNES
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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