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	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 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	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	1m	664,299	1m	1m	1m	2m	2m	2m
Receivables	544,985	408,666	371,878

Cash flow

Metric	Mar 31, 2026	Mar 31, 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. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)