Research Frontiers Incorporated (REFR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 136.32K | 72.12K | 359.44K | 129.9K | 559.78K | 178.15K | 354.41K | 489.59K | 313.38K | 312.24K | 164.15K | 185.04K | 248.18K | 129.9K | 150.44K | 85.51K | 173.83K | 212.51K | 723.47K | 113.94K |
| Revenue Growth % | -75.65% | -59.52% | 1.42% | -73.47% | 78.63% | -42.94% | 115.91% | 164.59% | 26.27% | 140.36% | 9.11% | 116.39% | 42.77% | -38.87% | -79.21% | -24.95% | -18.44% | 62.8% | 336.8% | -35.3% |
| Cost of Goods Sold | 43.99K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 542.63K | 564.69K | 0 | 43.88K | 487.48K | 682.24K | 600.7K | 822.15K | 571.02K | 503.08K |
| COGS % of Revenue | 32.27% | - | - | - | - | - | - | - | - | - | 330.58% | 305.17% | - | 33.78% | 324.03% | 797.84% | 345.57% | 386.88% | 78.93% | 441.54% |
| Gross Profit | 92.33K | 72.12K | 359.44K | 129.9K | 559.78K | 178.15K | 354.41K | 489.59K | 313.38K | 312.24K | -378.49K | -379.65K | 248.18K | 86.03K | -337.03K | -596.73K | -426.87K | -609.64K | 152.44K | -389.14K |
| Gross Margin % | 67.73% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | -230.58% | -205.17% | 100% | 66.22% | -224.03% | -697.84% | -245.57% | -286.88% | 21.07% | -341.54% |
| Gross Profit Growth % | -83.51% | -59.52% | 1.42% | -73.47% | 78.63% | -42.94% | 193.64% | 228.96% | 26.27% | 262.96% | -12.3% | 36.38% | 158.14% | 114.11% | -321.09% | -53.34% | -3.49% | 15.58% | 149.69% | 14.63% |
| Operating Expenses | 622.74K | 845.67K | 663.39K | 945.01K | 799.35K | 802.43K | 586.11K | 605.73K | 783.13K | 817.62K | 135.32K | 145.61K | 737.02K | 906.11K | 149.16K | 146.43K | 148.82K | 159.8K | 135.22K | 139.81K |
| OpEx % of Revenue | 456.82% | 1172.53% | 184.56% | 727.47% | 142.8% | 450.42% | 165.38% | 123.72% | 249.9% | 261.86% | 82.44% | 78.69% | 296.98% | 697.53% | 99.14% | 171.24% | 85.62% | 75.2% | 18.69% | 122.71% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 741.4K | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 570.74% | - | - | - | - | - | - |
| Research & Development | 145.35K | 135.02K | 141.75K | 169.09K | 162.88K | 160.19K | 131.25K | 128.83K | 149.74K | 153.12K | 135.32K | 145.61K | 149.22K | 164.71K | 149.16K | 146.43K | 148.82K | 159.8K | 135.22K | 139.81K |
| R&D % of Revenue | 106.62% | 187.21% | 39.43% | 130.16% | 29.1% | 89.92% | 37.03% | 26.31% | 47.78% | 49.04% | 82.44% | 78.69% | 60.13% | 126.8% | 99.14% | 171.24% | 85.62% | 75.2% | 18.69% | 122.71% |
| Other Operating Expenses | 477.39K | 710.64K | 521.64K | 775.92K | 636.48K | 642.25K | 454.87K | 476.9K | 633.39K | 664.5K | 0 | 0 | 587.8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -530.41K | -773.54K | -303.94K | -815.1K | -239.58K | -624.28K | -231.7K | -116.13K | -469.75K | -505.38K | -513.81K | -525.26K | -488.85K | -820.09K | -486.19K | -743.16K | -575.7K | -769.44K | 17.23K | -528.95K |
| Operating Margin % | -389.1% | -1072.53% | -84.56% | -627.47% | -42.8% | -350.42% | -65.38% | -23.72% | -149.9% | -161.86% | -313.02% | -283.87% | -196.98% | -631.31% | -323.17% | -869.08% | -331.19% | -362.08% | 2.38% | -464.25% |
| Operating Income Growth % | -121.4% | -23.91% | -31.18% | -601.87% | 49% | -23.53% | 54.9% | 77.89% | 3.91% | 38.37% | -5.68% | 29.32% | 15.09% | -6.58% | -2922.41% | -40.5% | -3.24% | 12.94% | 103.88% | 12.22% |
| EBITDA | -486.42K | -726.75K | -257.15K | -768.34K | -193.25K | -487.53K | -189.33K | -73.89K | -427.56K | -462.78K | -506.98K | -518.42K | -445.07K | -776.21K | -442.33K | -741.84K | -575.6K | -761.96K | 24.7K | -526.48K |
| EBITDA Margin % | -356.82% | -1007.66% | -71.54% | -591.47% | -34.52% | -273.66% | -53.42% | -15.09% | -136.44% | -148.22% | -308.86% | -280.17% | -179.34% | -597.53% | -294.02% | -867.54% | -331.13% | -358.56% | 3.41% | -462.08% |
| EBITDA Growth % | -151.7% | -49.07% | -35.82% | -939.85% | 54.8% | -5.35% | 62.66% | 85.75% | 3.94% | 40.38% | -14.62% | 30.12% | 22.68% | -1.87% | -1890.88% | -40.91% | -4.06% | 13.5% | 105.69% | 5.97% |
| D&A (Non-Cash Add-back) | 43.99K | 46.79K | 46.8K | 46.77K | 46.32K | 136.75K | 42.37K | 42.24K | 42.19K | 42.6K | 6.83K | 6.85K | 43.77K | 43.88K | 43.86K | 0 | 96 | 7.48K | 7.47K | 2.47K |
| EBIT | -530.41K | -773.54K | -298.51K | -815.1K | -239.58K | -624.28K | -231.7K | -116.13K | -469.75K | -505.38K | -513.81K | -525.26K | -488.85K | -820.09K | -483.73K | -741.84K | -628.35K | -769.44K | 17.23K | -527.93K |
| Net Interest Income | 5.05K | 0 | 5.44K | 11.28K | 14.53K | 16.34K | 29.74K | 22.11K | 27.15K | 25.48K | 41.64K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 5.05K | 0 | 5.44K | 11.28K | 14.53K | 16.34K | 29.74K | 22.11K | 27.15K | 25.48K | 41.64K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 5.05K | 7.98K | 5.44K | 11.28K | 61.89K | 16.34K | 64.89K | 22.11K | 27.15K | 25.48K | 41.64K | 31.61K | 26.21K | 4.65K | 2.46K | 1.32K | -52.65K | -13.28K | 4.39K | 1.02K |
| Pretax Income | -525.37K | -765.56K | -298.51K | -803.83K | -177.69K | -607.94K | -166.82K | -94.02K | -442.6K | -479.91K | -472.17K | -493.65K | -462.64K | -815.43K | -483.73K | -741.84K | -628.35K | -782.72K | 21.61K | -527.93K |
| Pretax Margin % | -385.39% | -1061.47% | -83.05% | -618.78% | -31.74% | -341.25% | -47.07% | -19.2% | -141.24% | -153.7% | -287.65% | -266.78% | -186.42% | -627.73% | -321.54% | -867.54% | -361.48% | -368.33% | 2.99% | -463.36% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -525.37K | -765.56K | -298.51K | -803.83K | -177.69K | -607.94K | -166.82K | -94.02K | -442.6K | -479.91K | -472.17K | -493.65K | -462.64K | -815.43K | -483.73K | -741.84K | -628.35K | -782.72K | 21.61K | -527.93K |
| Net Margin % | -385.39% | -1061.47% | -83.05% | -618.78% | -31.74% | -341.25% | -47.07% | -19.2% | -141.24% | -153.7% | -287.65% | -266.78% | -186.42% | -627.73% | -321.54% | -867.54% | -361.48% | -368.33% | 2.99% | -463.36% |
| Net Income Growth % | -195.67% | -25.93% | -78.94% | -754.93% | 59.85% | -26.68% | 64.67% | 80.95% | 4.33% | 41.15% | 2.39% | 33.46% | 26.37% | -4.18% | -2338.04% | -40.52% | -12.75% | 11.36% | 104.98% | -32.32% |
| Net Income (Continuing) | -525.37K | -765.56K | -298.51K | -803.83K | -177.69K | -607.94K | -166.82K | -94.02K | -442.6K | -479.91K | -472.17K | -493.65K | -462.64K | -815.43K | -483.73K | -741.84K | -628.35K | -782.72K | 21.61K | -527.93K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.02 | -0.02 | -0.01 | -0.02 | -0.01 | -0.02 | -0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | 0.00 | -0.02 |
| EPS Growth % | - | -25.97% | - | - | 59.85% | -26.57% | 64.54% | 80.95% | 5.04% | 41.63% | 6.62% | 37.18% | 35.35% | 0.81% | - | -40.12% | -22.16% | 11.79% | 105.07% | -31.5% |
| EPS (Basic) | -0.02 | -0.02 | -0.01 | -0.02 | -0.01 | -0.02 | -0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | 0.00 | -0.02 |
| Diluted Shares Outstanding | 34.16M | 33.65M | 33.65M | 33.65M | 33.65M | 33.52M | 33.52M | 33.52M | 33.51M | 33.51M | 33.51M | 33.51M | 33.29M | 33.15M | 31.83M | 31.65M | 31.65M | 31.65M | 31.65M | 31.65M |
| Basic Shares Outstanding | 34.16M | 33.65M | 33.65M | 33.65M | 33.65M | 33.52M | 33.52M | 33.52M | 33.51M | 33.51M | 33.51M | 33.51M | 33.29M | 33.15M | 31.83M | 31.65M | 31.65M | 31.65M | 31.65M | 31.65M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |