# Research Frontiers Incorporated (REFR)

> Technology · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/REFR/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 136.3K | $ -525.4K | $ -760.0K | $ 1.13M | $ 1.78M |
| 2025 | $ 1.15M | $ -2.09M | $ -1.36M | $ 1.17M | $ 933.6K |
| 2024 | $ 1.40M | $ -1.38M | $ -830.8K | $ 1.30M | $ 2.60M |
| 2023 | $ 983.5K | $ -2.06M | $ -2.48M | $ 267.7K | $ 3.52M |
| 2022 | $ 602.9K | $ -2.98M | $ -2.44M | $ 464.1K | $ 4.80M |
| 2021 | $ 1.50M | $ -2.19M | $ -2.14M | $ 646.2K | $ 3.78M |
| 2020 | $ 1.06M | $ -2.98M | $ -2.94M | $ 812.6K | $ 5.33M |
| 2019 | $ 2.02M | $ -4.92M | $ -2.77M | $ 975.8K | $ 7.06M |
| 2018 | $ 1.97M | $ -3.55M | $ -2.75M | $ 0 | $ 3.10M |
| 2017 | $ 2.03M | $ -3.25M | $ -1.99M | $ 0 | $ 2.57M |
| 2016 | $ 1.70M | $ -5.83M | $ -5.53M | $ 0 | $ 4.90M |
| 2015 | $ 2.82M | $ -6.01M | $ -5.47M | $ 0 | $ 9.08M |
| 2014 | $ 2.26M | $ -6.03M | $ -5.58M | $ 0 | $ 12.08M |
| 2013 | $ 3.07M | $ -8.31M | $ -4.69M | $ 0 | $ 11.87M |
| 2012 | $ 2.83M | $ -4.42M | $ -3.88M | $ 0 | $ 14.17M |
| 2011 | $ 1.24M | $ -6.07M | $ -4.94M | $ 0 | $ 4.11M |
| 2010 | $ 1.16M | $ -5.87M | $ -4.86M | $ 0 | $ 7.47M |
| 2009 | $ 1.07M | $ -6.06M | $ -5.69M | $ 0 | $ 4.17M |
| 2008 | $ 2.54M | $ -3.93M | $ -3.77M | $ 0 | $ 4.87M |
| 2007 | $ 609.2K | $ -11.45M | $ -5.42M | $ 0 | $ 7.33M |
| 2006 | $ 246.3K | $ -5.00M | $ -4.99M | $ 0 | $ 2.99M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.63 |
| Liabilities / Eq | 0.73 |
| Current Ratio | 6.38 |

## Other views

- [Metrics](https://sponda.capital/en/REFR.md)
- [Charts](https://sponda.capital/en/REFR/charts.md)
- [Compare](https://sponda.capital/en/REFR/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-13.