15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1M | -$2M | 0.0% | -190.2% | -$1M | — | $664299 |
| 2024 | $1M | -$1M | 0.0% | -108.0% | -$790442 | — | $2M |
| 2023 | $909598 | -$2M | 0.0% | -223.5% | -$2M | — | $2M |
| 2022 | $539686 | -$3M | 0.0% | -486.4% | -$2M | — | $4M |
| 2021 | $1M | -$2M | 0.0% | -145.6% | -$2M | — | $269964 |
| 2020 | $828450 | -$2M | 0.0% | -311.1% | -$2M | — | $5M |
| 2019 | $2M | -$4M | 0.0% | -201.4% | -$2M | — | $7M |
| 2018 | $1M | -$3M | 0.0% | -162.4% | -$2M | — | $3M |
| 2017 | — | -$2M | — | — | -$1M | — | $2M |
| 2016 | — | -$4M | — | — | -$4M | — | $2M |
| 2015 | — | -$4M | — | — | -$4M | — | $6M |
| 2014 | — | -$4M | — | — | — | — | $8M |
| 2013 | — | -$6M | — | — | — | — | $6M |
| 2012 | — | -$3M | — | — | -$3M | — | $8M |
| 2011 | — | -$4M | — | — | -$3M | — | $2M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $136319 | -$525365 | 0.0% | -389.1% | -$759998 | — | $1M |
| Dec '25 | $72123 | -$765563 | 0.0% | -1072.5% | -$466091 | — | $664299 |
| Sep '25 | $359444 | -$298508 | 0.0% | -84.6% | -$143886 | — | $1M |
| Jun '25 | $129904 | -$803826 | 0.0% | -627.5% | -$78529 | — | $1M |
| Mar '25 | $559776 | -$177687 | 0.0% | -42.8% | -$641381 | — | $1M |
| Dec '24 | $178151 | -$607940 | 0.0% | -350.4% | $46199 | — | $2M |
| Sep '24 | $354408 | -$166816 | 0.0% | -65.4% | -$258515 | — | $2M |
| Jun '24 | $489594 | -$94022 | 0.0% | -23.7% | -$186956 | — | $2M |
| Mar '24 | $313378 | -$442604 | 0.0% | -149.9% | -$391170 | — | $2M |
| Dec '23 | $312236 | -$479910 | 0.0% | -161.9% | -$549027 | — | $2M |
| Sep '23 | $164146 | -$472166 | 0.0% | -313.0% | -$523363 | — | $524985 |
| Jun '23 | $185040 | -$493650 | 0.0% | -283.9% | -$626394 | — | $4M |
| Mar '23 | $248175 | -$462638 | 0.0% | -197.0% | -$597825 | — | $1M |
| Dec '22 | $129903 | -$815434 | 0.0% | -631.3% | -$567234 | — | $4M |
| Sep '22 | $150443 | -$483729 | 0.0% | -323.2% | -$535936 | — | $5M |
| Jun '22 | $85511 | -$741838 | 0.0% | -869.1% | -$582287 | — | $2M |
| Mar '22 | $173828 | -$628348 | 0.0% | -331.2% | -$498559 | — | $2M |
| Dec '21 | $212508 | -$782724 | 0.0% | -362.1% | $63440 | — | $269964 |
| Sep '21 | $723465 | $21614 | 0.0% | 2.4% | -$483083 | — | $206524 |
| Jun '21 | $113937 | -$527935 | 0.0% | -464.2% | -$742721 | — | $339607 |
How the market has priced REFR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, RESEARCH FRONTIERS INC's revenue has grown 6.2% per year. These are computed facts, not advice.
As of FY2025, RESEARCH FRONTIERS INC reported — of total debt against $664299 of cash.
In FY2025, gross margin was —, operating margin -190.2%, and net margin -182.4%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.