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Side-by-side financial comparison of ALPHA MODUS HOLDINGS, INC. (AMOD) and RESEARCH FRONTIERS INC (REFR). Click either name above to swap in a different company.

RESEARCH FRONTIERS INC is the larger business by last-quarter revenue ($72.1K vs $30, roughly 2404.1× ALPHA MODUS HOLDINGS, INC.). RESEARCH FRONTIERS INC runs the higher net margin — -1061.5% vs -2221643.3%, a 2220581.9% gap on every dollar of revenue. On growth, ALPHA MODUS HOLDINGS, INC. posted the faster year-over-year revenue change (500.0% vs -59.5%). Over the past eight quarters, ALPHA MODUS HOLDINGS, INC.'s revenue compounded faster (447.7% CAGR vs -52.0%).

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.

AMOD vs REFR — Head-to-Head

Bigger by revenue
REFR
REFR
2404.1× larger
REFR
$72.1K
$30
AMOD
Growing faster (revenue YoY)
AMOD
AMOD
+559.5% gap
AMOD
500.0%
-59.5%
REFR
Higher net margin
REFR
REFR
2220581.9% more per $
REFR
-1061.5%
-2221643.3%
AMOD
Faster 2-yr revenue CAGR
AMOD
AMOD
Annualised
AMOD
447.7%
-52.0%
REFR

Income Statement — Q4 2025 vs Q4 2025

Metric
AMOD
AMOD
REFR
REFR
Revenue
$30
$72.1K
Net Profit
$-666.5K
$-765.6K
Gross Margin
Operating Margin
-5061063.3%
-1072.5%
Net Margin
-2221643.3%
-1061.5%
Revenue YoY
500.0%
-59.5%
Net Profit YoY
-113.8%
-25.9%
EPS (diluted)
$0.05
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMOD
AMOD
REFR
REFR
Q4 25
$30
$72.1K
Q3 25
$0
$359.4K
Q2 25
$0
$129.9K
Q1 25
$6
$559.8K
Q4 24
$5
$178.2K
Q3 24
$3
$354.4K
Q2 24
$4
$489.6K
Q1 24
$1
$313.4K
Net Profit
AMOD
AMOD
REFR
REFR
Q4 25
$-666.5K
$-765.6K
Q3 25
$-4.3M
$-298.5K
Q2 25
$-2.8M
$-803.8K
Q1 25
$-308.1K
$-177.7K
Q4 24
$4.8M
$-607.9K
Q3 24
$-315.7K
$-166.8K
Q2 24
$-187.0K
$-94.0K
Q1 24
$-222.7K
$-442.6K
Operating Margin
AMOD
AMOD
REFR
REFR
Q4 25
-5061063.3%
-1072.5%
Q3 25
-84.6%
Q2 25
-627.5%
Q1 25
-22653350.0%
-42.8%
Q4 24
-4746000.0%
-350.4%
Q3 24
-9537700.0%
-65.4%
Q2 24
-3013825.0%
-23.7%
Q1 24
-19091100.0%
-149.9%
Net Margin
AMOD
AMOD
REFR
REFR
Q4 25
-2221643.3%
-1061.5%
Q3 25
-83.0%
Q2 25
-618.8%
Q1 25
-5134683.3%
-31.7%
Q4 24
96570920.0%
-341.2%
Q3 24
-10524866.7%
-47.1%
Q2 24
-4675925.0%
-19.2%
Q1 24
-22269600.0%
-141.2%
EPS (diluted)
AMOD
AMOD
REFR
REFR
Q4 25
$0.05
$-0.02
Q3 25
$-0.10
$-0.01
Q2 25
$-0.22
$-0.02
Q1 25
$-0.02
$-0.01
Q4 24
$0.27
$-0.03
Q3 24
$-0.05
$0.00
Q2 24
$-0.03
$0.00
Q1 24
$-0.06
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMOD
AMOD
REFR
REFR
Cash + ST InvestmentsLiquidity on hand
$664.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$-49.0M
$933.6K
Total Assets
$815.8K
$2.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMOD
AMOD
REFR
REFR
Q4 25
$664.3K
Q3 25
$1.1M
Q2 25
$1.3M
Q1 25
$1.4M
Q4 24
$2.0M
Q3 24
$1.6M
Q2 24
$1.9M
Q1 24
$2.1M
Stockholders' Equity
AMOD
AMOD
REFR
REFR
Q4 25
$-49.0M
$933.6K
Q3 25
$-51.6M
$1.5M
Q2 25
$-50.5M
$1.8M
Q1 25
$-80.9M
$2.4M
Q4 24
$-80.6M
$2.6M
Q3 24
$-1.6M
$2.8M
Q2 24
$-1.3M
$3.0M
Q1 24
$-1.1M
$3.1M
Total Assets
AMOD
AMOD
REFR
REFR
Q4 25
$815.8K
$2.3M
Q3 25
$403.3K
$2.8M
Q2 25
$660.5K
$3.2M
Q1 25
$903.4K
$3.8M
Q4 24
$1.7M
$4.0M
Q3 24
$6.3M
$3.0M
Q2 24
$6.5M
$3.4M
Q1 24
$12.5M
$3.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMOD
AMOD
REFR
REFR
Operating Cash FlowLast quarter
$-1.2M
$-465.9K
Free Cash FlowOCF − Capex
$-466.1K
FCF MarginFCF / Revenue
-646.2%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMOD
AMOD
REFR
REFR
Q4 25
$-1.2M
$-465.9K
Q3 25
$-940.3K
$-143.5K
Q2 25
$-521.2K
$-78.4K
Q1 25
$-594.1K
$-641.3K
Q4 24
$-1.1M
$47.1K
Q3 24
$-258.6K
$-257.9K
Q2 24
$-107.9K
$-186.9K
Q1 24
$-175.3K
$-391.1K
Free Cash Flow
AMOD
AMOD
REFR
REFR
Q4 25
$-466.1K
Q3 25
$-940.9K
$-143.9K
Q2 25
$-78.5K
Q1 25
$-641.4K
Q4 24
$46.2K
Q3 24
$-258.5K
Q2 24
$-187.0K
Q1 24
$-391.2K
FCF Margin
AMOD
AMOD
REFR
REFR
Q4 25
-646.2%
Q3 25
-40.0%
Q2 25
-60.5%
Q1 25
-114.6%
Q4 24
25.9%
Q3 24
-72.9%
Q2 24
-38.2%
Q1 24
-124.8%
Capex Intensity
AMOD
AMOD
REFR
REFR
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
AMOD
AMOD
REFR
REFR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.23×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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