NASDAQ:REFR
Research Frontiers Inc.
Research Frontiers Inc.'s revenue fell 16.0% in fiscal 2025 to $1.1M while operating margin fell to −190.2%. Free cash flow was −$1.3M, −118.6% of revenue.Summary generated from Research Frontiers Inc.'s SEC filings. Latest annual report filed Mar 5, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.1M
Revenue growth−16.0%
Revenue, 5-yr CAGR+6.2%
Gross marginn/a
Operating margin−190.2%
Net margin−182.4%
ROICn/a
Return on equity−115.6%
Debt / equityn/a
Free cash flow−$1.3M
FCF margin−118.6%
Share count change+0.4%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 |
| Operating income | −2 | −3 | −2 | −1 | −2 |
| Net income | −2 | −3 | −2 | −1 | −2 |
| Free cash flow | −2 | −2 | −2 | −1 | −1 |
Recent filings
- 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of a shareholder vote
Jun 12, 2026 - 8-KNotice of delisting or listing-rule failure
Jun 5, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 8, 2026 - DEF 14AProxy statement
Apr 30, 2026 - 10-K/AAmended annual report for the fiscal year ended Dec 31, 2025
Mar 19, 2026 - 10-KAnnual report for the fiscal year ended Dec 31, 2025
Mar 5, 2026 - 8-KEntry into a material agreement
Feb 18, 2026