RFIL on Nasdaq

R F INDUSTRIES LTD

American electronic connectors company based in Bala Cynwyd, active since 19792

In its 2026 annual report the company says: “We also design, engineer, manufacture and sell energy-efficient cooling systems and integrated small cell solutions and related components. The Company’s operations are managed and reported to the Chief Executive Officer, our chief operating decision maker, on a consolidated basis.”4 Its shares trade on Nasdaq under the symbol RFIL.2

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Last updated Oct 21, 2026.

Overview

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  • TickerRFIL on Nasdaq2
  • IndustryElectronic Connectors2
  • HeadquartersBala Cynwyd, United States2
  • Incorporated inNV3
  • Business address16868 Via Del Campo Court, Suite 200, San Diego, Ca 921273
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI5493002UEUI04MT13B132
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O JEFFREY B. BOVE, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 8762202

RF Industries, Ltd. (together with subsidiaries, the “Company”, “we”, “us”, or “our”) is a national manufacturer and marketer of interconnect products and systems, including high-performance components such as RF connectors and adapters, dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. Through our manufacturing and production facilities, we provide a wide selection of interconnect products and solutions primarily to telecommunications carriers and equipment manufacturers, wireless and network infrastructure carriers and manufacturers and to various original equipment manufacturers (“OEMs”) in several market segments. We also design, engineer, manufacture and sell energy-efficient cooling systems and integrated small cell solutions and related …4 From its latest annual report

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 margin5
2.2%Operating margin5
0.1%Net margin5
24.3%Revenue growth, 20255
0.2%Return on equity5
$4.3MFree cash flow5

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.

  1. Integrated Solutions$29.6M537%up 41% from 2024
  2. Custom Cabling$26.1M532%up 45% from 2024
  3. Interconnect$25.0M531%down 4% from 2024
Products and services by year
Products and services20242025
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.

  1. United States$73.8M592%up 25% from 2024
  2. Canada$4.8M56%up 26% from 2024
  3. All Other Foreign Countries$942.0K51%down 37% from 2024
  4. Germany$626.0K51%up 277% from 2024
  5. China$368.0K50%down 31% from 2024
Regions by year
Regions20242025
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.5

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.5

Financial statements

Revenue67895$80.6M in 2025+46% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $55.3M$55.3M20192020: $43.0M$43.0M2020−22%2021: $57.4M$57.4M2021+33%2022: $72.2M$72.2M2022+26%2023: $72.2M$72.2M2023+0%2024: $64.9M$64.9M2024−10%2025: $80.6M$80.6M2025+24%
Gross profit10789115$26.7M in 2025+71% since 2019
0$10.0M$20.0M$30.0M2019: $15.6M$15.6M20192020: $11.6M$11.6M2020−26%2021: $17.8M$17.8M2021+54%2022: $19.5M$19.5M2022+10%2023: $19.5M$19.5M2023+0%2024: $18.9M$18.9M2024−3%2025: $26.7M$26.7M2025+42%
Operating income10789115$1.8M in 2025−60% since 2019
-$5.0M-$2.5M0$2.5M$5.0M2019: $4.5M$4.5M20192020: -$403.0K-$403.0K20202021: $4.4M$4.4M20212022: -$3.8M-$3.8M20222023: -$3.8M-$3.8M2023+0%2024: -$2.8M-$2.8M2024−26%2025: $1.8M$1.8M2025
Net income107895$75.0K in 2025−98% since 2019
-$10.0M-$5.0M0$5.0M$10.0M2019: $3.5M$3.5M20192020: -$81.0K-$81.0K20202021: $6.2M$6.2M20212022: -$3.1M-$3.1M20222023: -$3.1M-$3.1M2023+0%2024: -$6.6M-$6.6M2024+114%2025: $75.0K$75.0K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-10-312024-10-31
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 shares10.5M shares
Diluted (in shares)10.8M shares10.5M shares

Compare R F INDUSTRIES LTD with another company

Corporate structure

R F INDUSTRIES LTD sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of R F INDUSTRIES LTD

  • R F INDUSTRIES LTD Bala Cynwyd, Pennsylvania, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What R F INDUSTRIES LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$5.0M5 Oct 31, 2025$4.8M5 Oct 31, 2024+4.0%
Furniture and fixtures$6.3M5 Oct 31, 2025$6.3M5 Oct 31, 2024+0.4%
Property and equipment, before depreciation$11.3M5 Oct 31, 2025$11.1M5 Oct 31, 2024+2.0%
Accumulated depreciation$7.1M5 Oct 31, 2025$6.3M5 Oct 31, 2024+12.8%
Property and equipment, net$4.2M5 Oct 31, 2025$4.8M5 Oct 31, 2024−12.1%
Operating-lease assets (leased space)$13.8M5 Oct 31, 2025$15.3M5 Oct 31, 2024−9.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.1M5 Oct 31, 2025$839.0K5 Oct 31, 2024+505.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$8.1M5 Oct 31, 2025$8.1M5 Oct 31, 20240%
Indefinite-lived intangibles (excluding goodwill)$1.2M5 Oct 31, 2025$1.2M5 Oct 31, 20240%
Finite-lived intangibles, net$10.3M5 Oct 31, 2025$11.9M5 Oct 31, 2024−13.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.7M5 Oct 31, 2025$14.7M5 Oct 31, 2024−6.7%
Work in process$715.0K5 Oct 31, 2025$530.0K5 Oct 31, 2024+34.9%
Finished goods$3.8M5 Oct 31, 2025$3.3M5 Oct 31, 2024+13.4%

Properties, in its own words

We currently lease 86,952 square feet of space for our corporate headquarters and RF connector and cable assembly manufacturing facilities in San Diego, California. On June 27, 2023, we entered into a Managed Client Agreement with RGN-MCA San Diego II, LLC (“IWG”) pursuant to which IWG agreed to provide managed services for flexible workspaces under the “Regus” brand for 39,979 square feet on the 1st and 2nd floor(s) of the adjacent and vacant office spaces of our corporate headquarters. We occupy 46,973 square feet of office, warehouse and manufacturing space that house our corporate administration, sales and marketing, and engineering departments. The buildings are also used for production and warehousing by our RF Connector and Cable Assembly division. We also lease 38,200 square feet of office and commercial lab space in Parsippany, New Jersey, where we operate the Microlab division. Additionally, we lease spaces in three other locations in the United States that house the administration offices and manufacturing facilities for our other divisions. The table below shows a summary of the square footage of these locations as of October 31, 2025:

Divisions · Lease Location · Square Footage

The rest of Item 2

Rel-Tech · Milford, CT · 13,750

Schroff · North Kingstown, RI · 7,000

Cables Unlimited · Yaphank, NY · 19,500

Item 2 of the 10-K filed Jan 14, 2026.4

Leadership

Who has led R F INDUSTRIES LTD, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Timeline

  1. Sep 16, 20268-K Shareholder vote43
  2. Sep 14, 20268-K Results of operations44
  3. Jun 15, 20268-K Results of operations45
  4. Mar 16, 20268-K Results of operations46
  5. Jan 14, 20268-K Results of operations47
  6. Nov 6, 20258-K Entered a material agreement; New debt or obligation48
  7. Sep 12, 20258-K Shareholder vote49
  8. Sep 11, 20258-K Results of operations50
  9. Jun 16, 20258-K Results of operations51
  10. Mar 17, 20258-K Results of operations52
  11. Jan 16, 20258-K Results of operations53
  12. Sep 16, 20248-K Results of operations54
  13. Jul 17, 2017New chief executive Robert D. Dawson becomes CEO15
  14. Jun 27, 2011New chief executive Darren Clark becomes CEO16
  15. Mar 6, 2006New chief executive Howard F. Hill becomes CEO17
  16. Jul 20, 1979Founded R F INDUSTRIES LTD is founded2

Calendar

Coming up

  1. Around Dec 14, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Sep 14, 2026Reported quarterly or annual results44
  2. Jun 15, 2026Reported quarterly or annual results45
  3. Mar 16, 2026Reported quarterly or annual results46
  4. Jan 14, 2026Reported quarterly or annual results47
  5. Sep 11, 2025Reported quarterly or annual results50
  6. Jun 16, 2025Reported quarterly or annual results51
  7. Mar 17, 2025Reported quarterly or annual results52
  8. Jan 16, 2025Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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:

  1. Oct 14, 20264 EDGAR
  2. Oct 14, 20264 EDGAR
  3. Oct 14, 20264 EDGAR
  4. Sep 16, 20268-K EDGAR
  5. Sep 14, 20264 EDGAR
  6. Sep 14, 20264 EDGAR
  7. Sep 14, 20264 EDGAR
  8. Sep 14, 20264 EDGAR
  9. Sep 14, 202610-Q EDGAR
  10. Sep 14, 20268-K EDGAR
  11. Aug 14, 2026SCHEDULE 13G/A EDGAR
  12. Jul 29, 2026SCHEDULE 13G EDGAR
  13. Jul 28, 2026ARS EDGAR
  14. Jul 28, 2026DEFA14A EDGAR
  15. Jul 28, 2026DEF 14A EDGAR
  16. Jul 14, 20264 EDGAR
  17. Jul 14, 20264 EDGAR
  18. Jul 14, 20264 EDGAR
  19. Jun 15, 202610-Q EDGAR
  20. 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 five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 44 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 27, 2025Holdsworth Mark KeithDirectorBuy15,000$4.72$70.8KForm 4
Oct 15, 2024Holdsworth Mark KeithDirectorBuy7,009$4.00$28.0KForm 4
Oct 4, 2024Holdsworth Mark KeithDirectorBuy8,815$4.07$35.9KForm 4
Oct 3, 2024Holdsworth Mark KeithDirectorBuy100$3.95$395Form 4
Oct 2, 2024Holdsworth Mark KeithDirectorBuy8,800$3.97$34.9KForm 4
Oct 1, 2024Holdsworth Mark KeithDirectorBuy10,000$4.00$40.0KForm 4
Sep 30, 2024Holdsworth Mark KeithDirectorBuy5,000$3.94$19.7KForm 4
Sep 27, 2024Holdsworth Mark KeithDirectorBuy220$3.69$812Form 4
Oct 6, 2023Dawson Robert DCEOBuy4,794$2.99$14.3KForm 4
Oct 5, 2023Dawson Robert DCEOBuy206$2.90$597Form 4
Oct 4, 2023Dawson Robert DCEOBuy5,000$3.00$15.0KForm 4
Oct 3, 2023Holdsworth Mark KeithDirectorBuy1,517$2.83$4.3KForm 4
Oct 2, 2023Holdsworth Mark KeithDirectorBuy454$2.93$1.3KForm 4
Sep 29, 2023Holdsworth Mark KeithDirectorBuy8,000$3.01$24.1KForm 4
Sep 27, 2023Holdsworth Mark KeithDirectorBuy57,042$2.70$154.0KForm 4
Sep 26, 2023Holdsworth Mark KeithDirectorBuy13,723$2.57$35.3KForm 4
Apr 14, 2023Holdsworth Mark KeithDirectorBuy200$4.25$850Form 4
Apr 13, 2023Holdsworth Mark KeithDirectorBuy1,182$4.20$5.0KForm 4
Apr 12, 2023Holdsworth Mark KeithDirectorBuy1,920$4.19$8.0KForm 4
Apr 11, 2023Holdsworth Mark KeithDirectorBuy10,000$4.19$41.9KForm 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

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.

FundSharesValueShare of the fundChange
BlackRock, Inc.591,231$12.5M0.0%+441,259
Punch & Associates Investment Management, Inc.588,115$12.5M0.6%−234,685
Renaissance Technologies LLC463,817$9.8M0.0%−30,847
Vanguard Capital Management LLC382,361$8.1M0.0%+30,186
Geode Capital Management, LLC219,825$4.7M0.0%+112,115
Dimensional Fund Advisors LP205,076$4.3M0.0%−21,889
LPL Financial LLC189,295$4.0M0.0%+154,031
O'shaughnessy Asset Management, LLC180,897$3.8M0.0%+29,309
Arrowstreet Capital, Limited Partnership135,639$2.9M0.0%−55,015
Ritholtz Wealth Management132,843$2.8M0.0%+3,812
Wells Fargo & Company/mn101,237$2.1M0.0%+26,005
State Street Corp95,124$2.0M0.0%+50,140
Bridgeway Capital Management, LLC84,796$1.8M0.0%−1,900
Mackenzie Financial Corp83,685$1.8M0.0%−6,332
Northern Trust Corp67,696$1.4M0.0%+49,191
Marshall Wace, Llp66,241$1.4M0.0%−235,210
Informed Momentum Co LLC64,275$1.4M0.1%−2,645
Vanguard Fiduciary Trust Co63,692$1.4M0.0%+8,356
Ameriprise Financial Inc63,049$1.3M0.0%New
Trexquant Investment LP60,085$1.3M0.0%−27,828
Vanguard Portfolio Management LLC58,388$1.2M0.0%New
Susquehanna International Group, Llp54,382$1.2M0.0%+36,271
Bank Of America Corp /de/53,815$1.1M0.0%+33,181
Raymond James Financial Inc53,699$1.1M0.0%+42,399
Citadel Advisors LLC51,397$1.1M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How R F INDUSTRIES LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARR F INDUSTRIES LTD1
  • CIK0000740664
  • Employer ID (EIN)88-01689364
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsOctober 311
  • Industry code (SIC)3678 Electronic Connectors1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address16868 Via Del Campo Court, Suite 200, San Diego, CA 921271
  • Phone858-549-63401
  • Shares outstanding10,847,761 as of Sep 14, 202614
  • Public float$34.6M as of Apr 30, 20254
  • AuditorCohnReznick LLP, Tysons, Virginia PCAOB ID 596; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 22, 19961
  • Filings900 in all: 4 (408), 8-K (171), 10-Q (54), 10QSB (38), DEF 14A (29), SC 13G/A (26), 4/A (19), 10-K (18)1
    All 34 form types

    3 (18), 10KSB (12), S-8 (12), SC 13D/A (11), DEFA14A (9), 5 (8), SC 13G (8), NT 10-K (7), SD (7), SC 13D (5), ARS (4), NT 10-Q (4), S-8 POS (4), SCHEDULE 13G/A (4), UPLOAD (4), 8-K/A (3), CORRESP (3), PRE 14A (3), 10KSB/A (2), 10QSB/A (2), SCHEDULE 13G (2), 10-Q/A (1), DEFR14A (1), EFFECT (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Jan 14, 2026
    Quarterly report (10-Q) Sep 14, 2026
    Proxy statement (DEF 14A) Jul 28, 2026
    Latest 8-K (8-K) Sep 16, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value per shareRFILNASDAQ

From the cover page of the 10-K filed Jan 14, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. Except as discussed below, as of the date of this report, we are not subject to any proceeding that is not in the ordinary course of business or that is material to the financial condition of our business.

Employee Class Action

On July 24, 2024, a former employee (“Plaintiff”) filed a class action lawsuit against the Company and its subsidiary, C Enterprises, Inc., in San Diego County Superior Court. The case is before the Honorable Gregory W. Pollack, and asserts allegations of California state law violations pertaining to: (1) straight time wages; (2) overtime wages; (3) meal periods; (4) rest periods; (5) business expense reimbursement; (6) timely payment of wages at termination; (7) provision of accurate itemized wage statements; and (8) California’s unfair competition law. This action seeks damages on behalf of a putative class of non-exempt employees who worked for the Company in California at any time from July 24, 2020, through the present.

On July 23, 2024, Plaintiff provided notice of the alleged violations of law above to California’s Labor and Workforce Development Agency (“LWDA”) under the Private Attorneys General Act of 2004 (“PAGA”). On or about October 18, 2024, Plaintiff filed her First Amended Complaint (“FAC”), which amended her class complaint to include a cause of action under PAGA, whereby Plaintiff seeks penalties on behalf of the State of California and other similarly situated employees for the period of August 14, 2023, through the present.

The opening of Item 3, Legal Proceedings.4

Sources

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