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Loss Per Share
 12 Months Ended
Jul. 31, 2025
Loss Per Share [Abstract]  
LOSS PER SHARE

NOTE 19 – LOSS PER SHARE

 

Basic loss per share is computed by dividing net loss attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted loss per share includes potentially dilutive securities such as stock options, unvested restricted stock, warrants to purchase common stock, and other convertible instruments unless the result of inclusion would be anti-dilutive.

 

The following table summarizes the Company’s potentially dilutive securities which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

 

   Year Ended 
   2025   2024 
Shares issuable upon exercise of stock options   2,270,812    638,409 
Shares issuable upon vesting of restricted stock   416,720    608,540 
Shares issuable upon exercise of warrants   1,058,902    
—
 
    3,746,434    1,246,949 

 

The diluted loss per share computation equals basic loss per share for the years ended July 31, 2025 and 2024, because the Company had a net loss in all such periods and the impact of the assumed vesting of restricted shares, exercise of stock options, and exercise of warrants would have been anti-dilutive.

The following table summarizes the basic and diluted loss per share calculations (in thousands, except for share and per share amounts):

   Year Ended 
   2025   2024 
Numerator:        
Net loss  $(30,643)  $(65,003)
Net loss attributable to noncontrolling interests   (123)   (30,593)
Net loss attributable to Rafael Holdings, Inc.  $(30,520)  $(34,410)
           
Denominator:          
Weighted average diluted shares   29,422,221    23,745,516 
           
Loss per share attributable to common stockholders          
Basic and diluted:  $(1.04)  $(1.45)