RF Industries (RFIL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Sep 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RFIL SEC filings page.
RF Industries Ltd (RFIL) reported $86.3M in revenue over the twelve months to Jul 31, 2026, up 13.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 shows recovery through better gross economics and cash conversion, while thin operating profit and a smaller liquidity cushion constrain the picture.
In FY2025, operating cash flow was$4.6M versus net income of$75K , so reported cash generation far exceeded accounting profit. Free cash flow reached$4.3M , confirming that the cash result remained after capital spending rather than being only an operating-cash timing effect.
Gross margin expanded 4.1 percentage points in FY2025 and operating margin reached
By FY2025, liabilities represented
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of RF Industries Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
RF Industries Ltd has an operating margin of 2.2%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from -4.3% the prior year.
RF Industries Ltd's revenue surged 24.3% year-over-year to $80.6M, reflecting rapid business expansion. This strong growth earns a score of 52/100.
RF Industries Ltd's current ratio of 1.67 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
RF Industries Ltd has a free cash flow margin of 5.4%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
RF Industries Ltd generates a 0.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from -19.4% the prior year.
RF Industries Ltd scores 2.87, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $83.4M against total liabilities of $37.8M. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
RF Industries Ltd passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
RF Industries Ltd reported $75K of net income while generating $4.6M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
RF Industries Ltd generated $24.0M in revenue in Q3 2026. This represents an increase of 21.1% from the same quarter a year earlier. Against the prior quarter it is up 15.8%.
RF Industries Ltd's EBITDA was $2.4M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 77.4% from the same quarter a year earlier. Against the prior quarter it is up 38.8%.
RF Industries Ltd reported $1.4M in net income in Q3 2026. This represents an increase of 267.9% from the same quarter a year earlier. Against the prior quarter it is up 64.1%.
RF Industries Ltd earned $0.12 per diluted share (EPS) in Q3 2026. This represents an increase of 200.0% from the same quarter a year earlier. Against the prior quarter it is up 50.0%.
Cash & Balance Sheet
RF Industries Ltd generated $1.5M in free cash flow in Q3 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
RF Industries Ltd held $4.5M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Margins & Returns
RF Industries Ltd's gross margin was 35.6% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
RF Industries Ltd's operating margin was 7.3% in Q3 2026, reflecting core business profitability. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.
RF Industries Ltd's net profit margin was 6.0% in Q3 2026, showing the share of revenue converted to profit. This is up 4.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
RF Industries Ltd's quarterly ROE was 3.7% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.
Capital Allocation
RF Industries Ltd invested $1.1M in research and development in Q3 2026. This represents an increase of 41.5% from the same quarter a year earlier. Against the prior quarter it is up 17.4%.
RF Industries Ltd invested $127K in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 17.6% from the same quarter a year earlier. Against the prior quarter it is up 296.9%.
Not reported for Q3 2026.
RFIL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.0M+21.1% | $20.7M+9.4% | $19.0M-1.2% | $22.7M+22.9% | $19.8M+17.5% | $18.9M+17.4% | $19.2M+42.7% | $18.5M+16.2% |
| Cost of Revenue | $15.4M+18.0% | $13.4M+3.6% | $12.8M-4.7% | $14.3M+13.1% | $13.1M+10.1% | $13.0M+14.8% | $13.5M+32.8% | $12.7M+11.5% |
| Gross Profit | $8.5M+27.1% | $7.3M+22.1% | $6.1M+7.0% | $8.3M+44.4% | $6.7M+35.4% | $6.0M+23.3% | $5.7M+73.1% | $5.8M+28.3% |
| R&D Expenses | $1.1M+41.5% | $915K+34.0% | $852K+24.9% | $858K+18.7% | $759K+16.2% | $683K+7.2% | $682K-11.3% | $723K+17.0% |
| SG&A Expenses | $5.7M+8.9% | $5.3M+1.8% | $5.1M+2.2% | $6.6M+32.7% | $5.2M+10.9% | $5.2M+12.1% | $5.0M+7.8% | $5.0M-0.6% |
| Operating Income | $1.8M+144.3% | $1.1M+935.8% | $177K+216.1% | $903K+840.6% | $720Kn/m | $106Kn/m | $56Kn/m | $96Kn/m |
| EBITDA | $2.4M+77.4% | $1.7M+137.0% | $795K+18.3% | $1.5M+108.5% | $1.3M+510.5% | $721K+230.7% | $672Kn/m | $728Kn/m |
| Income Tax | $84K-4.5% | $60K-55.6% | $34K-5.6% | $479K+1496.7% | $88Kn/m | $135K-96.3% | $36Kn/m | $30Kn/m |
| Net Income | $1.4M+267.9% | $879Kn/m | -$50Kn/m | $173Kn/m | $392Kn/m | -$245Kn/m | -$245Kn/m | -$238Kn/m |
| EPS (Basic) | $0.13+225.0% | $0.08n/m | $0.00n/m | $0.02n/m | $0.04n/m | -$0.02n/m | -$0.02n/m | -$0.02n/m |
| EPS (Diluted) | $0.12+200.0% | $0.08n/m | $0.00n/m | $0.02n/m | $0.04n/m | -$0.02n/m | -$0.02n/m | -$0.02n/m |
| Diluted Shares (Avg) | 12M+7.7% | 11M+7.1% | 11M+1.7% | N/A | 11M+2.7% | 11M+1.7% | 11M+1.4% | N/A |
Not reported in any period shown, so not listed: Interest Expense.
RFIL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $72.1M-1.5% | $71.5M-1.6% | $70.3M-0.1% | $73.0M+2.8% | $73.2M+1.9% | $72.7M-0.2% | $70.4M-11.0% | $71.0M-13.7% |
| Current Assets | $36.4M+6.9% | $35.1M+7.2% | $33.0M+11.9% | $35.0M+20.1% | $34.1M+16.0% | $32.7M+8.3% | $29.5M-10.3% | $29.1M-19.2% |
| Cash & Equivalents | $4.5M+48.5% | $3.4M-5.4% | $5.1M+301.3% | $5.1M+505.4% | $3.0M+70.1% | $3.6M+156.1% | $1.3M-71.6% | $839K-82.9% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $13.2M-7.0% | $14.4M+14.9% | $13.8M+2.4% | $13.7M-6.7% | $14.2M-5.8% | $12.6M-23.2% | $13.5M-25.1% | $14.7M-21.4% |
| Accounts Receivable | $17.0M+11.1% | $15.6M+4.0% | $13.1M+2.5% | $14.9M+22.7% | $15.3M+43.8% | $15.0M+42.2% | $12.8M+54.0% | $12.1M+17.9% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% |
| Total Liabilities | $33.6M-12.7% | $34.7M-10.0% | $34.8M-4.0% | $37.8M+2.3% | $38.4M+1.9% | $38.5M+0.8% | $36.2M-10.5% | $37.0M-13.0% |
| Current Liabilities | $18.1M-14.1% | $18.6M-9.8% | $18.4M+3.1% | $20.9M+15.5% | $21.0M+14.3% | $20.6M+6.9% | $17.8M+57.4% | $18.1M+44.6% |
| Non-Current Liabilities | $15.5M-11.0% | $16.1M-10.2% | $16.4M-10.8% | $16.9M-10.3% | $17.4M-10.0% | $17.9M-5.5% | $18.4M-36.8% | $18.9M-37.0% |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% |
| Total Equity | $38.5M+10.9% | $36.9M+7.9% | $35.5M+4.0% | $35.2M+3.3% | $34.8M+1.9% | $34.2M-1.3% | $34.2M-11.5% | $34.1M-14.3% |
| Retained Earnings | $9.3M+35.6% | $7.9M+21.5% | $7.0M+4.0% | $7.0M+1.1% | $6.9M-4.7% | $6.5M-18.1% | $6.7M-44.9% | $7.0M-48.6% |
RFIL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.6Mn/m | -$914K-141.7% | $867K+44.3% | $2.1Mn/m | -$311K-113.1% | $2.2M+1012.2% | $601K-28.5% | -$244K-115.1% |
| Depreciation & Amortization | $613K-0.6% | $611K-0.7% | $618K+0.3% | $615K-2.7% | $617K-3.3% | $615K-2.8% | $616K-2.7% | $632K-0.9% |
| Stock-Based Compensation | N/A | $277K+22.0% | $264K+35.4% | N/A | N/A | $227K | $195K-23.5% | N/A |
| Capital Expenditures | $127K+17.6% | $32K-5.9% | $218K+707.4% | $65K-62.6% | $108K-57.1% | $34K-79.9% | $27K-81.1% | $174K+1.2% |
| Free Cash Flow | $1.5Mn/m | -$946K-143.9% | $649K+13.1% | $2.0Mn/m | -$419K-119.8% | $2.2M+7603.6% | $574K-17.6% | -$418K-129.0% |
| Investing Cash Flow | -$127Kn/m | -$32Kn/m | -$218Kn/m | -$65Kn/m | -$109Kn/m | -$22Kn/m | -$27Kn/m | -$174Kn/m |
| Financing Cash Flow | -$424Kn/m | -$768K-633.3% | -$620Kn/m | $46Kn/m | -$166Kn/m | $144Kn/m | -$140Kn/m | -$507Kn/m |
| Dividends Paid | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
Not reported in any period shown, so not listed: Share Buybacks.
RFIL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6%+1.7pp | 35.1%+3.7pp | 32.3%+2.5pp | 36.8%+5.5pp | 34.0%+4.5pp | 31.5%+1.5pp | 29.8%+5.2pp | 31.3%+3.0pp |
| Operating Margin | 7.3%+3.7pp | 5.3%+4.8pp | 0.9%+0.6pp | 4.0%+3.5pp | 3.6%+6.1pp | 0.6%+3.1pp | 0.3%+15.8pp | 0.5%+7.5pp |
| Net Margin | 6.0%+4.0pp | 4.3%+5.5pp | -0.3%+1.0pp | 0.8%+2.1pp | 2.0%+6.2pp | -1.3%+25.4pp | -1.3%+8.8pp | -1.3%+4.1pp |
| Return on Equity | 3.7%+2.6pp | 2.4%+3.1pp | -0.1%+0.6pp | 0.5%+1.2pp | 1.1%+3.2pp | -0.7%+11.7pp | -0.7%+2.8pp | -0.7%+1.4pp |
| Return on Assets | 2.0%+1.5pp | 1.2%+1.6pp | -0.1%+0.3pp | 0.2%+0.6pp | 0.5%+1.5pp | -0.3%+5.6pp | -0.4%+1.4pp | -0.3%+0.7pp |
| Current Ratio | 2.02+0.4x | 1.89+0.3x | 1.80+0.1x | 1.67+0.1x | 1.620.0x | 1.590.0x | 1.66-1.3x | 1.61-1.3x |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00-0.3x |
| Liabilities-to-Equity | 0.87-0.2x | 0.94-0.2x | 0.98-0.1x | 1.070.0x | 1.110.0x | 1.130.0x | 1.060.0x | 1.090.0x |
| Asset Turnover | 0.33+0.1x | 0.290.0x | 0.270.0x | 0.31+0.1x | 0.270.0x | 0.260.0x | 0.27+0.1x | 0.26+0.1x |
| FCF Margin | 6.2%+8.3pp | -4.6%-16.0pp | 3.4%+0.4pp | 9.0%+11.2pp | -2.1%-14.7pp | 11.4%+11.2pp | 3.0%-2.2pp | -2.3%-11.3pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| RF Industries Ltd RFIL | FY2025 | $80.6M | $75K | 0.1% | $83.4M | 41/100 |
| Ultralife Corporation ULBI | FY2025 | $191.2M | -$5.9M | -3.1% | $260.3M | 51/100 |
| CBAK Energy Technology Limited CBAT | FY2025 | $195.2M | -$9.4M | -4.8% | $86.9M | 41/100 |
| Espey Mfg. & Electronics Corp ESP | FY2026 | $46.1M | $11.2M | 24.2% | $159.2M | 71/100 |
| Pioneer Power Solutions, Inc. PPSI | FY2025 | $27.6M | -$6.0M | -21.7% | $29.4M | 54/100 |
| SKYX Platforms Corp. SKYX | FY2025 | $92.0M | -$33.4M | -36.3% | $124.5M | 40/100 |
Where RF Industries Ltd Ranks
Frequently Asked Questions
What is RF Industries Ltd's annual revenue?
RF Industries Ltd (RFIL) reported $80.6M in total revenue for fiscal year 2025. This represents a 24.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is RF Industries Ltd's revenue growing?
RF Industries Ltd (RFIL) revenue grew by 24.3% year-over-year, from $64.9M to $80.6M in fiscal year 2025.
Is RF Industries Ltd profitable?
Yes, RF Industries Ltd (RFIL) reported a net income of $2.4M over the trailing 12 months to July 31, 2026. In fiscal year 2025 it reported a net income of $75K, with a net profit margin of 0.1%.
What is RF Industries Ltd's EBITDA?
RF Industries Ltd (RFIL) had EBITDA of $4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is RF Industries Ltd's gross margin?
RF Industries Ltd (RFIL) had a gross margin of 33.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is RF Industries Ltd's operating margin?
RF Industries Ltd (RFIL) had an operating margin of 2.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is RF Industries Ltd's net profit margin?
RF Industries Ltd (RFIL) had a net profit margin of 0.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is RF Industries Ltd's return on equity (ROE)?
RF Industries Ltd (RFIL) has a return on equity of 0.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is RF Industries Ltd's free cash flow?
RF Industries Ltd (RFIL) generated $4.3M in free cash flow during fiscal year 2025. This represents a 79.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is RF Industries Ltd's operating cash flow?
RF Industries Ltd (RFIL) generated $4.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are RF Industries Ltd's total assets?
RF Industries Ltd (RFIL) had $73.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are RF Industries Ltd's capital expenditures?
RF Industries Ltd (RFIL) invested $235K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does RF Industries Ltd spend on research and development?
RF Industries Ltd (RFIL) invested $3.0M in research and development during fiscal year 2025.
What is RF Industries Ltd's current ratio?
RF Industries Ltd (RFIL) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.
What is RF Industries Ltd's liabilities-to-equity ratio?
RF Industries Ltd (RFIL) had a liabilities-to-equity ratio of 1.07 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is RF Industries Ltd's return on assets (ROA)?
RF Industries Ltd (RFIL) had a return on assets of 0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is RF Industries Ltd's P/E ratio?
RF Industries Ltd (RFIL) trades at 34.1x earnings, its market capitalization divided by $2.4M net income, trailing 12 months to July 31, 2026. The market capitalization is $83.4M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is RF Industries Ltd's price-to-sales ratio?
RF Industries Ltd (RFIL) trades at 1.0x sales, its market capitalization divided by $86.3M revenue, trailing 12 months to July 31, 2026. The market capitalization is $83.4M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is RF Industries Ltd's Altman Z-Score?
RF Industries Ltd (RFIL) has an Altman Z-Score of 2.87, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is RF Industries Ltd's Piotroski F-Score?
RF Industries Ltd (RFIL) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RF Industries Ltd's earnings high quality?
RF Industries Ltd (RFIL) reported $75K of net income while generating $4.6M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is RF Industries Ltd?
RF Industries Ltd (RFIL) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.