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RESEARCH FRONTIERS INC REFR
Nasdaq · stock · Patent Owners & Lessors · website · IPO 1986-07-08
RESEARCH FRONTIERS INC financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.3M | $909,598 | $539,686 | $1.3M | $828,450 | $1.6M | $1.5M | $1.5M | $1.2M |
| R&D expense | $608,732 | $570,007 | $583,266 | $609,127 | $580,000 | $628,304 | $1.0M | $863,401 | $799,702 | $1.4M |
| Operating income | -$2.1M | -$1.4M | -$2.0M | -$2.6M | -$1.8M | -$2.6M | -$3.1M | -$2.4M | -$2.4M | -$4.3M |
| Net income | -$2.0M | -$1.3M | -$1.9M | -$2.7M | -$1.8M | -$2.3M | -$3.8M | -$2.7M | -$2.4M | -$4.2M |
| EPS (diluted) | $-0.06 | $-0.04 | $-0.06 | $-0.08 | — | — | — | — | — | — |
| Operating cash flow | -$1.3M | -$788,819 | -$2.3M | -$2.2M | -$1.8M | -$2.3M | -$2.1M | -$2.1M | -$1.5M | -$4.0M |
| Free cash flow | -$1.3M | -$790,442 | -$2.3M | -$2.2M | -$1.8M | -$2.3M | -$2.1M | -$2.1M | -$1.5M | -$4.0M |
| Cash & equivalents | $664,299 | $2.0M | $2.5M | $4.2M | $269,964 | $4.8M | $6.6M | $3.0M | $1.7M | $1.7M |
| Total assets | $2.3M | $4.0M | $3.9M | $5.4M | $4.5M | $6.2M | $8.3M | $4.1M | $2.9M | $5.3M |
| Total liabilities | $1.3M | $1.4M | $332,794 | $569,586 | $762,064 | $872,285 | $1.2M | $959,076 | — | — |
| Shareholders' equity | $933,626 | $2.6M | $3.5M | $4.8M | $3.8M | $5.3M | $7.1M | $3.1M | $2.6M | $4.9M |
Growth · year-over-year · Revenue CAGR -1.1%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | -16.0% | +46.8% | +68.5% | -57.3% | +52.5% | -47.0% | +5.1% | -1.4% | +22.1% | -38.4% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.