RESEARCH FRONTIERS INCREFREarnings & Financial Report
Research Frontiers is an American nanotechnology company based in Woodbury, New York that was founded by Robert Saxe in 1965 to develop light control technology from Polaroid known as smart glass. The company develops and licenses its patented SPD-SmartGlass technology. The company currently has six full-time employees.
REFR Q4 FY2025 Key Financial Metrics
Revenue
$72.1K
Gross Profit
N/A
Operating Profit
$-773.5K
Net Profit
$-765.6K
Gross Margin
N/A
Operating Margin
-1072.5%
Net Margin
-1061.5%
YoY Growth
-59.5%
EPS
$-0.02
RESEARCH FRONTIERS INC Q4 FY2025 Financial Summary
RESEARCH FRONTIERS INC reported revenue of $72.1K (down 59.5% YoY) for Q4 FY2025, with a net profit of $-765.6K (down 25.9% YoY) (-1061.5% margin).
Key Financial Metrics
| Total Revenue | $72.1K |
|---|---|
| Net Profit | $-765.6K |
| Gross Margin | N/A |
| Operating Margin | -1072.5% |
| Report Period | Q4 FY2025 |
RESEARCH FRONTIERS INC Annual Revenue by Year
RESEARCH FRONTIERS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.1M).
RESEARCH FRONTIERS INC Quarterly Revenue & Net Profit History
RESEARCH FRONTIERS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $72.1K | -59.5% | $-765.6K | -1061.5% |
| Q3 FY2025 | $359.4K | +1.4% | $-298.5K | -83.0% |
| Q2 FY2025 | $129.9K | -73.5% | $-803.8K | -618.8% |
| Q1 FY2025 | $559.8K | +78.6% | $-177.7K | -31.7% |
| Q4 FY2024 | $178.2K | -42.9% | $-607.9K | -341.2% |
| Q3 FY2024 | $354.4K | +115.9% | $-166.8K | -47.1% |
| Q2 FY2024 | $489.6K | +164.6% | $-94.0K | -19.2% |
| Q1 FY2024 | $313.4K | +26.3% | $-442.6K | -141.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $313378 | $489594 | $354408 | $178151 | $559776 | $129904 | $359444 | $72124 |
| YoY Growth | 26.3% | 164.6% | 115.9% | -42.9% | 78.6% | -73.5% | 1.4% | -59.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.5M | $3.4M | $3.0M | $4.0M | $3.8M | $3.2M | $2.8M | $2.3M |
| Liabilities | $439452 | $390005 | $176073 | $1.4M | $1.3M | $1.4M | $1.3M | $1.3M |
| Equity | $3.1M | $3.0M | $2.8M | $2.6M | $2.4M | $1.8M | $1.5M | $933626 |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-391120 | $-186852 | $-257927 | $47080 | $-641271 | $-78430 | $-143513 | $-465947 |