Research Frontiers Inc (REFR) stock
Close on Nov 12, 2026Market cap $12.45MP/E –Yield –
Research Frontiers Inc saw revenue fall 69.7% to $371.83K over the twelve months to Sep 30, 2026. Free cash flow was -$1.86M. At the latest close the market valued the company at $12.45M.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $12.45M
- P/E ratio
- –
- Price to sales
- 33.49
- Price to book
- 20.32
- Dividend yield
- –
- Free cash flow yield
- -14.94%
Fundamentals
- Revenue
- $371.83K
- Net income
- -$2.46M
- EPS, diluted
- -$0.07
- Free cash flow
- -$1.86M
- Book value per share
- $0.02
- Diluted shares
- 35M
Trading
- Previous close
- $0.35
- Open
- $0.35
- Day's range
- $0.35 – $0.38
- Volume
- 46,225
- Average volume (20 days)
- 75,674
- Beta (5 years)
- 0.35
- 52-week range
- $0.33 – $2.10
- RSI (14 days)
- 36.5
- Volatility (1 year)
- 103.2%
- Relative volume
- 0.04×
- WACC
- 7.4%
Market cap history
Month-end market cap since 2011, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | REFR | S&P 500 | Difference | REFR per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -37.3% | -2.7% | −34.6 pts | ||
| 3 months | -25.8% | -1.7% | −24.1 pts | ||
| Year to date | -72.7% | +11.9% | −84.6 pts | ||
| 1 year | -80.2% | +12.0% | −92.1 pts | ||
| 3 years | -66.0% | +78.2% | −144.2 pts | -30.2% | +21.2% |
| 5 years | -85.0% | +73.2% | −158.2 pts | -31.6% | +11.6% |
| 10 years | -82.5% | +309.6% | −392.1 pts | -16.0% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Operating income
Net income
EPS, diluted
Free cash flow
About Research Frontiers
Patent Owners & Lessors
Research Frontiers Incorporated develops and licenses patented suspended particle device light-control technology, known as SPD-Smart. The company operates in a single business segment focused on developing and commercializing technologies that regulate the flow of light. It licenses its intellectual property rather than manufacturing finished goods directly. Its technology utilizes voltage-responsive nanoparticles within films to adjust light, glare, and heat transmission. Customers are industrial licensees that fabricate chemical emulsions, films, panels, and end products for aerospace, automotive, architectural, marine, rail, and display applications.
Company profile, executives and historyResearch Frontiers stock: common questions
What is Research Frontiers's stock price?
REFR closed at $0.36 on Nov 12, 2026, up 1.28% on the day. Over the past 52 weeks it traded between $0.33 and $2.10.
What is Research Frontiers's market cap?
Research Frontiers was worth $12.45M at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
What is REFR's P/E ratio?
Research Frontiers lost money over the twelve months to Sep 30, 2026 (diluted EPS -$0.07), so it has no meaningful P/E ratio.
How much revenue does Research Frontiers make?
Research Frontiers reported revenue of $371.83K for the twelve months to Sep 30, 2026, down 69.7% from a year earlier.
Does Research Frontiers pay a dividend?
No. Research Frontiers has not paid a cash dividend over the last twelve months.
How has REFR stock performed over the past year?
Including dividends, REFR returned -80.2% over the past year, against +12.0% for the S&P 500.
How many REFR shares are sold short?
0M shares were sold short at the latest FINRA report, 1.19% of the float, or 4.7 days of average trading volume.
Who are Research Frontiers's competitors?
Companies most similar to Research Frontiers by business, industry and size include NTIP, VHC, XELB, ATOM, RMCO.
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