RFIL on Nasdaq
R F INDUSTRIES LTD
American electronic connectors company based in Bala Cynwyd, active since 1979.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
33.2%Gross margin3
2.2%Operating margin3
0.1%Net margin3
24.3%Revenue growth, 20253
0.2%Return on equity3
$4.3MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Integrated Solutions brought in 37% of the revenue R F INDUSTRIES LTD broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Integrated Solutions | $21.0M | $29.6M |
| Custom Cabling | $18.0M | $26.1M |
| Interconnect | $25.9M | $25.0M |
Regions
United States brought in 92% of the revenue R F INDUSTRIES LTD broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $58.8M | $73.8M |
| Canada | $3.8M | $4.8M |
| All Other Foreign Countries | $1.5M | $942.0K |
| Germany | $166.0K | $626.0K |
| China | $531.0K | $368.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue67¢$53.9M
- Research and development4¢$3.0M
- Selling, general and admin27¢$22.0M
- Other costs1¢$972.0K
- Income tax1¢$738.0K
- Profit0¢$75.0K
Out of $80.6M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending5¢$235.0K
- Kept or used elsewhere95¢$4.3M
Out of $4.6M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Net sales | $80.6M | $64.9M |
| Cost of sales | $53.9M | $46.0M |
| Gross profit | $26.7M | $18.9M |
| Engineering | $3.0M | $2.8M |
| Selling and general | $22.0M | $18.9M |
| Total operating expenses | $25.0M | $21.7M |
| Operating income (loss) | $1.8M | -$2.8M |
| Other expense | -$972.0K | -$980.0K |
| Income (loss) before provision (benefit) for income taxes | $813.0K | -$3.8M |
| Provision for income taxes | $738.0K | $2.8M |
| Consolidated net income (loss) | $75.0K | -$6.6M |
| Basic (in dollars per share) | $0.01 | -$0.63 |
| Diluted (in dollars per share) | $0.01 | -$0.63 |
| Basic (in shares) | 10.6M shares | 10.5M shares |
| Diluted (in shares) | 10.8M shares | 10.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-10-31 | 2024-10-31 | 2023-10-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.1M | $839.0K | |
| Trade accounts receivable, net of allowance for credit losses of $141 and $159, respectively | $14.9M | $12.1M | |
| Inventories | $13.7M | $14.7M | |
| Other current assets | $1.3M | $1.4M | |
| TOTAL CURRENT ASSETS | $35.0M | $29.1M | |
| Equipment and tooling | $5.0M | $4.8M | |
| Furniture and office equipment | $6.3M | $6.3M | |
| Property, Plant and Equipment, Gross | $11.3M | $11.1M | |
| Less accumulated depreciation | $7.1M | $6.3M | |
| Total property and equipment, net | $4.2M | $4.8M | |
| Operating lease right-of-use assets, net | $13.8M | $15.3M | |
| Goodwill | $8.1M | $8.1M | |
| Amortizable intangible assets, net | $10.3M | $11.9M | |
| Non-amortizable intangible assets | $1.2M | $1.2M | |
| Other assets | $477.0K | $688.0K | |
| TOTAL ASSETS | $73.0M | $71.0M | |
| Accounts payable | $3.1M | $3.8M | |
| Accrued expenses | $7.6M | $4.2M | |
| Line of credit | $7.8M | $8.2M | |
| Current portion of operating lease liabilities | $2.1M | $1.8M | |
| Income taxes payable | $260.0K | $0 | |
| TOTAL CURRENT LIABILITIES | $20.9M | $18.1M | |
| Operating lease liabilities | $16.7M | $18.7M | |
| Deferred tax liabilities | $247.0K | $210.0K | |
| TOTAL LIABILITIES | $37.8M | $37.0M | |
| Common stock - authorized 20,000,000 shares of $0.01 par value; 10,713,801 and 10,544,431 shares issued and outstanding at October 31, 2025 and 2024, respectively | $107.0K | $106.0K | |
| Additional paid-in capital | $28.1M | $27.0M | |
| Retained earnings | $7.0M | $7.0M | |
| TOTAL STOCKHOLDERS' EQUITY | $35.2M | $34.1M | $39.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $73.0M | $71.0M | |
| Accounts Receivable, Allowance for Credit Loss, Current | $141.0K | $159.0K | |
| Common Stock, Shares Authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | |
| Common Stock, Shares, Outstanding (in shares) | 10.7M shares | 10.5M shares | |
| Common Stock, Shares, Issued (in shares) | 10.7M shares | 10.5M shares |
| Period ending | 2025-10-31 | 2024-10-31 | 2023-10-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.1M | $839.0K | |
| Trade accounts receivable, net of allowance for credit losses of $141 and $159, respectively | $14.9M | $12.1M | |
| Inventories | $13.7M | $14.7M | |
| Other current assets | $1.3M | $1.4M | |
| TOTAL CURRENT ASSETS | $35.0M | $29.1M | |
| Equipment and tooling | $5.0M | $4.8M | |
| Furniture and office equipment | $6.3M | $6.3M | |
| Property, Plant and Equipment, Gross | $11.3M | $11.1M | |
| Less accumulated depreciation | $7.1M | $6.3M | |
| Total property and equipment, net | $4.2M | $4.8M | |
| Operating lease right-of-use assets, net | $13.8M | $15.3M | |
| Goodwill | $8.1M | $8.1M | |
| Amortizable intangible assets, net | $10.3M | $11.9M | |
| Non-amortizable intangible assets | $1.2M | $1.2M | |
| Other assets | $477.0K | $688.0K | |
| TOTAL ASSETS | $73.0M | $71.0M | |
| Accounts payable | $3.1M | $3.8M | |
| Accrued expenses | $7.6M | $4.2M | |
| Line of credit | $7.8M | $8.2M | |
| Current portion of operating lease liabilities | $2.1M | $1.8M | |
| Income taxes payable | $260.0K | $0 | |
| TOTAL CURRENT LIABILITIES | $20.9M | $18.1M | |
| Operating lease liabilities | $16.7M | $18.7M | |
| Deferred tax liabilities | $247.0K | $210.0K | |
| TOTAL LIABILITIES | $37.8M | $37.0M | |
| Common stock - authorized 20,000,000 shares of $0.01 par value; 10,713,801 and 10,544,431 shares issued and outstanding at October 31, 2025 and 2024, respectively | $107.0K | $106.0K | |
| Additional paid-in capital | $28.1M | $27.0M | |
| Retained earnings | $7.0M | $7.0M | |
| TOTAL STOCKHOLDERS' EQUITY | $35.2M | $34.1M | $39.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $73.0M | $71.0M | |
| Accounts Receivable, Allowance for Credit Loss, Current | $141.0K | $159.0K | |
| Common Stock, Shares Authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | |
| Common Stock, Shares, Outstanding (in shares) | 10.7M shares | 10.5M shares | |
| Common Stock, Shares, Issued (in shares) | 10.7M shares | 10.5M shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Consolidated net income (loss) | $75.0K | -$6.6M |
| Bad debt expense | $50.0K | $5.0K |
| Depreciation and amortization | $2.5M | $2.5M |
| Gain on disposal of fixed assets | -$12.0K | $0 |
| Stock-based compensation expense | $872.0K | $924.0K |
| Amortization of debt issuance cost | $173.0K | $113.0K |
| Tax payments related to shares cancelled for vested restricted stock awards | -$54.0K | -$21.0K |
| Deferred income taxes | $37.0K | $2.7M |
| Extinguishment of debt issuance cost | $0 | $14.0K |
| Trade accounts receivable | -$2.8M | -$1.8M |
| Inventories | $990.0K | $4.0M |
| Other current assets | $146.0K | $706.0K |
| Right-of-use assets | -$358.0K | $355.0K |
| Other long-term assets | $38.0K | -$1.0K |
| Accounts payable | -$690.0K | $597.0K |
| Accrued expenses | $3.4M | -$325.0K |
| Income taxes payable | $260.0K | $0 |
| Net cash provided by operating activities | $4.6M | $3.2M |
| Proceeds from sale of fixed assets | $12.0K | $0 |
| Capital expenditures | -$235.0K | -$738.0K |
| Net cash used in investing activities | -$223.0K | -$738.0K |
| Proceeds from exercise of stock options | $245.0K | $0 |
| Debt issuance cost | $0 | -$520.0K |
| Line of credit payments | -$361.0K | -$44.3M |
| Line of credit draws | $0 | $51.5M |
| Term Loan payments | $0 | -$13.2M |
| Net cash used in financing activities | -$116.0K | -$6.5M |
| Net increase (decrease) in cash and cash equivalents | $4.2M | -$4.1M |
| Supplemental cash flow information income taxes paid | $194.0K | $64.0K |
| Supplemental cash flow information interest paid | $889.0K | $883.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led R F INDUSTRIES LTD, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerRobert D. Dawson Jul 17, 2017 to now13
- Chief executive officerDarren Clark Jun 27, 2011 to Nov 21, 201414
- Chief executive officerHoward F. Hill Mar 6, 2006 to Nov 21, 201415
- ChairMarvin Fink Jan 23, 2009 to Mar 15, 201316
- ChairLinde Kester Jan 22, 2007 to Jan 22, 200717
- PresidentRay Michael Bibisi Jul 12, 2024 to now18
- PresidentRobert D. Dawson Jul 17, 2017 to Jan 16, 202413
- PresidentHoward F. Hill Apr 14, 2014 to Nov 21, 201419
- PresidentJames Doss Sep 19, 2012 to Jan 17, 201420
- Chief financial officerPeter Yin Jul 30, 2020 to now21
- Chief financial officerMark Turfler Jun 19, 2013 to Jan 14, 202022
- Chief financial officerJames Doss Feb 5, 2007 to Sep 19, 201223
- Chief operating officerRay Michael Bibisi May 23, 2022 to now24
- Chief operating officerHoward F. Hill Mar 31, 2015 to Apr 10, 201525
Board members and other officers (17)
- SecretaryJames Doss Jan 29, 2010 to Mar 27, 201326
- Board memberJason Cohenour Sep 12, 2022 to Sep 8, 202327
- Board memberKay Lee Tidwell Sep 12, 2022 to now28
- Board memberMark Holdsworth Jan 5, 2021 to now29
- Board memberSheryl Lynn Cefali Jun 11, 2019 to now30
- Board memberRobert D. Dawson Jul 22, 2019 to now31
- Board memberGerald T. Garland Jun 13, 2017 to now32
- Board memberEdward Joseph Benoit Apr 11, 2013 to Jul 13, 202133
- Board memberDarren Clark Jun 27, 2011 to Nov 21, 201414
- Board memberJohn Randall Waterfield Sep 14, 2011 to Jan 25, 201334
- Board memberDavid Sandberg Sep 19, 2011 to Mar 27, 201335
- Board memberLinde Kester Jan 26, 2009 to Feb 5, 201036
- Board memberRobert H. Jacobs Feb 24, 2009 to Jul 15, 201137
- Board memberJohn R. Ehret Mar 4, 2009 to Mar 18, 201138
- Board memberMarvin Fink Feb 2, 2007 to Jul 13, 202239
- Board memberHoward F. Hill Mar 6, 2006 to Dec 23, 202015
- Board memberWilliam Reynolds Oct 19, 2006 to Apr 22, 201940
Timeline
Filings
215 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 118 insider forms, 17 large holders, 18 other. The latest 20:
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Sep 16, 20268-K EDGAR
- Sep 14, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 14, 202610-Q EDGAR
- Sep 14, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Jul 29, 2026SCHEDULE 13G EDGAR
- Jul 28, 2026ARS EDGAR
- Jul 28, 2026DEFA14A EDGAR
- Jul 28, 2026DEF 14A EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jun 15, 202610-Q EDGAR
- Jun 15, 20268-K EDGAR
The 215 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 17 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- Jul 29, 2026SCHEDULE 13G
- Nov 13, 2025SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G/A
- Aug 13, 2025SCHEDULE 13G
- May 15, 2025SCHEDULE 13G/A
- Feb 14, 2024SC 13G/A
- Feb 13, 2024SC 13G/A
- Apr 24, 2023SC 13D/A
- Feb 13, 2023SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 95. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARMarvin Fink, Chair
- 17SEC EDGARLinde Kester, Chair
- 18SEC EDGARRay Michael Bibisi, President
- 19SEC EDGARHoward F. Hill, President
- 20SEC EDGARJames Doss, President
- 21SEC EDGARPeter Yin, Chief financial officer
- 22
- 23SEC EDGARJames Doss, Chief financial officer
- 24
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- 26SEC EDGARJames Doss, Secretary
- 27SEC EDGARJason Cohenour, Board member
- 28SEC EDGARKay Lee Tidwell, Board member
- 29SEC EDGARMark Holdsworth, Board member
- 30SEC EDGARSheryl Lynn Cefali, Board member
- 31SEC EDGARRobert D. Dawson, Board member
- 32SEC EDGARGerald T. Garland, Board member
- 33SEC EDGAREdward Joseph Benoit, Board member
- 34
- 35SEC EDGARDavid Sandberg, Board member
- 36SEC EDGARLinde Kester, Board member
- 37SEC EDGARRobert H. Jacobs, Board member
- 38SEC EDGARJohn R. Ehret, Board member
- 39SEC EDGARMarvin Fink, Board member
- 40SEC EDGARWilliam Reynolds, Board member
- 41