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Research Frontiers Incorporated (REFR)
NASDAQ: REFR · Real-Time Price · USD
0.7138
-0.0656 (-8.42%)
At close: Sep 23, 2026, 4:00 PM EDT
0.7098
-0.0040 (-0.56%)
Pre-market: Sep 24, 2026, 5:06 AM EDT

Research Frontiers Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
0.651.121.340.910.541.26
Revenue Growth
-46.47%-16.05%46.83%68.54%-57.27%52.46%
Gross Profit
-1.65-1.44-0.8-1.39-2.02-1.26
Operating Income
-2.28-2.13-1.44-2.03-2.63-1.84
Net Income
-2.25-2.05-1.31-1.91-2.67-1.85
Earnings Per Share
-0.07-0.06-0.04-0.06-0.08-0.06
EPS Growth
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Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1.090.661.992.484.233.03
Total Debt
1.091.171.30.270.460.65
Net Cash (Debt)
-0.01-0.50.72.213.772.38
Net Cash Growth
---68.39%-41.38%58.34%-39.93%
Net Cash Per Share
-0.00-0.010.020.070.120.08

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1.56-1.33-0.79-2.3-2.18-1.8
Capital Expenditures
-0-0-0-0-0-0
Free Cash Flow
-1.56-1.33-0.79-2.3-2.18-1.81
Free Cash Flow Growth
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Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-251.75%-128.55%-60.24%-152.63%--99.67%
Operating Margin
-348.14%-190.16%-107.96%-223.54%-486.42%-145.59%
Pretax Margin
-343.85%-182.44%-98.19%-209.80%-494.61%-146.18%
Profit Margin
-343.85%-182.44%-98.19%-209.80%-494.61%-146.18%
FCF Margin
-238.65%-118.61%-59.19%-252.49%-404.68%-142.94%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
-158.00158.00158.00158.00158.00
PS Ratio
38.0439.3142.9237.21117.3243.10