R F Industries (NASDAQ: RFIL) financial statements
The consolidated income statement, balance sheet and cash flow statement of R F Industries for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $73.0m in total assets and $35.2m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $80.6m | $64.9m | $72.2m | $72.2m | $57.4m | $43.0m | $55.3m | $50.2m | $23.0m | $30.2m |
| Cost of sales | $53.9m | $46.0m | $52.6m | $52.6m | $39.7m | $31.5m | $39.7m | $33.1m | $16.0m | $21.8m |
| Gross profit | $26.7m | $18.9m | $19.5m | $19.5m | $17.8m | $11.6m | $15.6m | $17.1m | $7.0m | $8.5m |
| Operating profit | $1.8m | −$2.8m | −$3.8m | −$3.8m | $4.4m | −$0.4m | $4.5m | $7.4m | $0.2m | −$4.7m |
| Profit before tax | $0.8m | −$3.8m | −$4.3m | −$4.3m | $7.2m | −$0.4m | $4.6m | $7.5m | $0.2m | −$4.7m |
| Income tax | $0.7m | $2.8m | $1.2m | $1.2m | $1.0m | $0.4m | $1.0m | $1.5m | $0.1m | $0.7m |
| Net profit | $0.1m | −$6.6m | −$3.1m | −$3.1m | $6.2m | −$0.1m | $3.5m | $5.8m | $0.4m | −$4.1m |
| Earnings per share | $0.01 | −$0.63 | −$0.30 | −$0.30 | $0.62 | −$0.01 | $0.38 | $0.64 | $0.04 | −$0.47 |
| Diluted earnings per share | $0.01 | −$0.63 | −$0.30 | −$0.30 | $0.61 | −$0.01 | $0.36 | $0.61 | $0.04 | −$0.47 |
| Depreciation and amortisation | $2.5m | $2.5m | $2.4m | $1.7m | $0.8m | $1.0m | $0.6m | $0.5m | $0.5m | $1.0m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $73.0m | $71.0m | $82.3m | $89.6m | $49.6m | $40.8m | $37.7m | $32.5m | $25.1m | $25.8m |
| Current assets | $35.0m | $29.1m | $36.0m | $46.2m | $40.6m | $30.9m | $33.7m | $28.5m | $16.8m | $16.8m |
| Inventories | $13.7m | $14.7m | $18.7m | $21.1m | $11.2m | $8.6m | $8.2m | $7.1m | $5.5m | $6.0m |
| Property, plant and equipment | $4.2m | $4.8m | $4.9m | $3.2m | $0.7m | $0.8m | $0.8m | $0.6m | $0.6m | $0.8m |
| Goodwill | $8.1m | $8.1m | $8.1m | $8.1m | $2.5m | $2.5m | $1.3m | $1.3m | $1.3m | $3.2m |
| Cash | $5.1m | $0.8m | $4.9m | $4.5m | $13.1m | $15.8m | $12.5m | $16.3m | $5.2m | $5.3m |
| Total liabilities | $37.8m | $37.0m | $42.5m | $47.7m | $10.0m | $8.8m | $6.2m | $4.7m | $3.7m | $4.4m |
| Current liabilities | $20.9m | $18.1m | $12.5m | $19.5m | $9.4m | $6.7m | $6.1m | $4.7m | $3.6m | $3.9m |
| Equity | $35.2m | $34.1m | $39.8m | $41.9m | $39.6m | $32.1m | $31.5m | $27.8m | $21.3m | $21.4m |
| Equity including minorities | $35.2m | $34.1m | $39.8m | $41.9m | $39.6m | $32.1m | $31.5m | $27.8m | $21.3m | $21.4m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.6m | $3.2m | $4.2m | $2.9m | −$3.1m | $4.5m | −$2.7m | $5.3m | $1.6m | −$1.3m |
| Investing cash flow | −$0.2m | −$0.7m | −$2.5m | −$27.1m | −$0.2m | −$4.1m | −$1.0m | $4.0m | −$0.2m | $0.0m |
| Financing cash flow | −$0.1m | −$6.5m | −$1.3m | $15.7m | $0.6m | $2.8m | −$0.1m | $0.4m | −$0.6m | −$1.1m |
| Capital expenditure | −$0.2m | −$0.7m | −$2.5m | −$2.7m | −$0.2m | −$0.2m | −$0.5m | −$0.3m | −$0.2m | −$0.4m |
| Dividends paid | $0.0m | $0.0m | $0.0m | $0.0m | $0.0m | −$0.4m | −$0.7m | −$0.7m | −$0.7m | −$1.1m |
Where each figure comes from
From the annual report (Form 10-K) that R F Industries files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the R F Industries page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.