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REFR: financial statements from SEC — TradeAlmanac

REFR

Research Frontiers Incorporated: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/03/2026	30/09/2025	30/06/2025	31/03/2025	30/09/2024	30/06/2024
Revenue	136,319	359,444	129,904	559,776	354,408	489,594
Research and development	145,350	141,746	169,086	162,877	131,246	128,830
Operating expenses	666,732	663,388	945,008	799,353	586,112	605,728
Operating income	−530,413	−303,944	−815,104	−239,577	−231,704	−116,134
Net income	−525,365	−298,508	−803,826	−177,687	−166,816	−94,022
Earnings per share	−0.02	−0.01	−0.02	−0.01	0.00	0.00
Earnings per share, diluted	−0.02	−0.01	−0.02	−0.01	0.00	0.00
Weighted average shares	34M	34M	34M	34M	34M	34M
Weighted average shares, diluted	34M	34M	34M	34M	34M	34M

Balance sheet

Metric	31/03/2026	31/12/2025	30/09/2025	30/06/2025	31/03/2025	31/12/2024	30/09/2024	30/06/2024
Cash and equivalents	1M	664,299	1M	1M	1M	2M	2M	2M
Receivables	544,985	408,666	371,878

Cash flow

Metric	31/03/2026	31/03/2025
Operating cash flow	−759,931	−641,271
Depreciation and amortisation	313	3,080
Capital expenditure	67	110
Investing cash flow	−67	−110
Financing cash flow	1M	—

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator