NASDAQ · PATENT OWNERS & LESSORS · SMALL CAP
Research Frontiers Incorporated REFR
17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$1.1M
▼ 16.0% vs FY2024
EPS · FY25
$-0.06
Dividend / sh · FY25
—
Payout · FY25
—
ROE · FY25
-115.6%
Net margin · FY25
-182.4%
Dividend coverage
—
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Result
USD 1.1M
Revenue, FY2025 · full 17-year series below
Revenue
Net income
The company lost 182 cents on every revenue dollar this year.
Per share
USD -0.06
Diluted EPS, FY2025
EPS
The company pays no cash dividend.
Profitability
-115.6%
Return on equity, FY2025
ROE
Operating margin-190.2%
Net margin-182.4%
Return on assets-65.0%
Each USD of equity lost 116 cents this year.
Returned to shareholders
—
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—
Growth
+6.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+27.6%
+6.2%
−5.7%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.03B
Shares outstanding, FY2025
Change, 5 years+6.6%
Change, 10 years+39.9%
The share count grew 7% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 2.3M
total assets, end of FY2025
Total assetsUSD 2.3M
EquityUSD 933,626.00
CashUSD 664,299.00
Current ratio3.84×
Equity funds 41% of total assets.
History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
·
·
Operating income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.0
−0.0
−0.0
·
·
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
−0.0
0.0
0.0
·
Net income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
−0.06
−0.04
−0.06
−0.08
−0.06
−0.07
−0.13
−0.10
−0.10
−0.18
−0.18
−0.19
−0.26
−0.16
−0.22
−0.22
−0.25
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−115.6
−42.8
−45.9
−62.2
−40.5
−37.8
−75.0
−94.8
−64.6
−60.6
−40.5
−36.9
−46.4
−34.7
−71.4
−66.6
−96.1
Shares out B
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
47 of 47
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed