Research Frontiers Inc (REFR) stock
REFRNasdaqPatent Owners & LessorsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 6/30125% above fair value
$0.36+0.00 (+1.28%)
Close on Nov 12, 2026Market cap $12.45MP/E –Yield –
Research Frontiers r&d expenses
Research and development expenses are spending on new products and technology.
Research Frontiers's R&D Expenses for the twelve months ending Sep 30, 2026 was $528.83K, down 16.6% year over year. For fiscal 2025 it was $608.73K, up 6.8% from the year before. Over ten years it grew -9.1% a year on average. The highest annual figure on record is $2.20M in fiscal 2013.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $608.73K | +6.8% |
| FY2024 | Dec 31, 2024 | $570.01K | -2.3% |
| FY2023 | Dec 31, 2023 | $583.27K | -4.2% |
| FY2022 | Dec 31, 2022 | $609.13K | +5.0% |
| FY2021 | Dec 31, 2021 | $580.00K | -7.7% |
| FY2020 | Dec 31, 2020 | $628.30K | -39.3% |
| FY2019 | Dec 31, 2019 | $1.04M | +19.9% |
| FY2018 | Dec 31, 2018 | $863.40K | +8.0% |
| FY2017 | Dec 31, 2017 | $799.70K | -43.6% |
| FY2016 | Dec 31, 2016 | $1.42M | -10.8% |
| FY2015 | Dec 31, 2015 | $1.59M | -2.1% |
| FY2014 | Dec 31, 2014 | $1.62M | -26.4% |
| FY2013 | Dec 31, 2013 | $2.20M | +31.8% |
| FY2012 | Dec 31, 2012 | $1.67M | +20.2% |
| FY2011 | Dec 31, 2011 | $1.39M | -1.0% |
| FY2010 | Dec 31, 2010 | $1.40M | -9.4% |
| FY2009 | Dec 31, 2009 | $1.55M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $119.57K | -15.6% |
| Q2 FY2026 | Jun 30, 2026 | $128.88K | -23.8% |
| Q1 FY2026 | Mar 31, 2026 | $145.35K | -10.8% |
| Q4 FY2025 | Dec 31, 2025 | $135.02K | -15.7% |
| Q3 FY2025 | Sep 30, 2025 | $141.75K | +8.0% |
| Q2 FY2025 | Jun 30, 2025 | $169.09K | +31.2% |
| Q1 FY2025 | Mar 31, 2025 | $162.88K | +8.8% |
| Q4 FY2024 | Dec 31, 2024 | $160.19K | +4.6% |
| Q3 FY2024 | Sep 30, 2024 | $131.25K | -3.0% |
| Q2 FY2024 | Jun 30, 2024 | $128.83K | -11.5% |
| Q1 FY2024 | Mar 31, 2024 | $149.74K | +0.3% |
| Q4 FY2023 | Dec 31, 2023 | $153.12K | -7.0% |
| Q3 FY2023 | Sep 30, 2023 | $135.32K | -9.3% |
| Q2 FY2023 | Jun 30, 2023 | $145.61K | -0.6% |
| Q1 FY2023 | Mar 31, 2023 | $149.22K | +0.3% |
| Q4 FY2022 | Dec 31, 2022 | $164.71K | +3.1% |
| Q3 FY2022 | Sep 30, 2022 | $149.16K | +10.3% |
| Q2 FY2022 | Jun 30, 2022 | $146.43K | +4.7% |
| Q1 FY2022 | Mar 31, 2022 | $148.83K | +2.5% |
| Q4 FY2021 | Dec 31, 2021 | $159.80K | -1.1% |
| Q3 FY2021 | Sep 30, 2021 | $135.22K | -1.0% |
| Q2 FY2021 | Jun 30, 2021 | $139.81K | -4.7% |
| Q1 FY2021 | Mar 31, 2021 | $145.18K | -20.8% |
| Q4 FY2020 | Dec 31, 2020 | $161.61K | -43.2% |
| Q3 FY2020 | Sep 30, 2020 | $136.65K | -34.1% |
| Q2 FY2020 | Jun 30, 2020 | $146.73K | -53.3% |
| Q1 FY2020 | Mar 31, 2020 | $183.32K | -20.3% |
| Q4 FY2019 | Dec 31, 2019 | $284.31K | +39.8% |
| Q3 FY2019 | Sep 30, 2019 | $207.37K | +8.8% |
| Q2 FY2019 | Jun 30, 2019 | $313.98K | +25.2% |
| Q1 FY2019 | Mar 31, 2019 | $229.96K | +5.2% |
| Q4 FY2018 | Dec 31, 2018 | $203.32K | +1.1% |
| Q3 FY2018 | Sep 30, 2018 | $190.65K | +2.9% |
| Q2 FY2018 | Jun 30, 2018 | $250.82K | +24.1% |
| Q1 FY2018 | Mar 31, 2018 | $218.62K | +3.5% |
| Q4 FY2017 | Dec 31, 2017 | $201.06K | -21.8% |
| Q3 FY2017 | Sep 30, 2017 | $185.30K | – |
| Q2 FY2017 | Jun 30, 2017 | $202.05K | – |
| Q1 FY2017 | Mar 31, 2017 | $211.29K | – |
| Q4 FY2016 | Dec 31, 2016 | $257.09K | – |
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