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 6/30122% above fair value
$0.36+0.00 (+1.28%)
Close on Nov 12, 2026Market cap $12.45MP/E –Yield –
Research Frontiers operating margin
Operating margin is operating income as a percentage of revenue.
Research Frontiers's operating margin for the twelve months ending Sep 30, 2026 was -670.2%. For fiscal 2025 it was -190.2%, against -108.0% the year before. The highest annual figure on record is -108.0% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -190.2% | −82.2 |
| FY2024 | Dec 31, 2024 | -108.0% | +115.6 |
| FY2023 | Dec 31, 2023 | -223.5% | +262.9 |
| FY2022 | Dec 31, 2022 | -486.4% | −340.8 |
| FY2021 | Dec 31, 2021 | -145.6% | +165.5 |
| FY2020 | Dec 31, 2020 | -311.1% | −109.7 |
| FY2019 | Dec 31, 2019 | -201.4% | −38.9 |
| FY2018 | Dec 31, 2018 | -162.4% | −2.2 |
| FY2017 | Dec 31, 2017 | -160.3% | +185.0 |
| FY2016 | Dec 31, 2016 | -345.3% | −129.9 |
| FY2015 | Dec 31, 2015 | -215.4% | +62.9 |
| FY2014 | Dec 31, 2014 | -278.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | -672.5% | −588.0 |
| Q2 FY2026 | Jun 30, 2026 | -775.7% | −148.2 |
| Q1 FY2026 | Mar 31, 2026 | -389.1% | −346.3 |
| Q4 FY2025 | Dec 31, 2025 | -1072.5% | −722.1 |
| Q3 FY2025 | Sep 30, 2025 | -84.6% | −19.2 |
| Q2 FY2025 | Jun 30, 2025 | -627.5% | −603.7 |
| Q1 FY2025 | Mar 31, 2025 | -42.8% | +107.1 |
| Q4 FY2024 | Dec 31, 2024 | -350.4% | −188.6 |
| Q3 FY2024 | Sep 30, 2024 | -65.4% | +247.6 |
| Q2 FY2024 | Jun 30, 2024 | -23.7% | +260.1 |
| Q1 FY2024 | Mar 31, 2024 | -149.9% | +47.1 |
| Q4 FY2023 | Dec 31, 2023 | -161.9% | +469.4 |
| Q3 FY2023 | Sep 30, 2023 | -313.0% | +10.2 |
| Q2 FY2023 | Jun 30, 2023 | -283.9% | +585.2 |
| Q1 FY2023 | Mar 31, 2023 | -197.0% | +134.2 |
| Q4 FY2022 | Dec 31, 2022 | -631.3% | −269.2 |
| Q3 FY2022 | Sep 30, 2022 | -323.2% | −325.6 |
| Q2 FY2022 | Jun 30, 2022 | -869.1% | −404.8 |
| Q1 FY2022 | Mar 31, 2022 | -331.2% | −69.5 |
| Q4 FY2021 | Dec 31, 2021 | -362.1% | +315.0 |
| Q3 FY2021 | Sep 30, 2021 | 2.4% | +270.1 |
| Q2 FY2021 | Jun 30, 2021 | -464.2% | −122.1 |
| Q1 FY2021 | Mar 31, 2021 | -261.7% | −79.8 |
| Q4 FY2020 | Dec 31, 2020 | -677.0% | −343.0 |
| Q3 FY2020 | Sep 30, 2020 | -267.7% | −179.0 |
| Q2 FY2020 | Jun 30, 2020 | -342.2% | −25.8 |
| Q1 FY2020 | Mar 31, 2020 | -181.8% | −47.5 |
| Q4 FY2019 | Dec 31, 2019 | -334.1% | −159.5 |
| Q3 FY2019 | Sep 30, 2019 | -88.8% | +23.5 |
| Q2 FY2019 | Jun 30, 2019 | -316.3% | −140.3 |
| Q1 FY2019 | Mar 31, 2019 | -134.4% | +49.2 |
| Q4 FY2018 | Dec 31, 2018 | -174.6% | +65.0 |
| Q3 FY2018 | Sep 30, 2018 | -112.3% | −50.0 |
| Q2 FY2018 | Jun 30, 2018 | -176.1% | −35.1 |
| Q1 FY2018 | Mar 31, 2018 | -183.5% | +59.3 |
| Q4 FY2017 | Dec 31, 2017 | -239.5% | +260.8 |
| Q3 FY2017 | Sep 30, 2017 | -62.3% | – |
| Q2 FY2017 | Jun 30, 2017 | -140.9% | – |
| Q1 FY2017 | Mar 31, 2017 | -242.8% | – |
| Q4 FY2016 | Dec 31, 2016 | -500.3% | – |
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