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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 statistics

77 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings
–
Last ex-dividend date
No dividends
Fundamentals through
Sep 30, 2026
Share price as of
Nov 12, 2026

Valuation ratiosIndustry

Market Cap
$12.45M
$313.38M
Enterprise Value
$11.81M
$309.73M
PS Ratio
33.49
4.37
PB Ratio
20.32
1.67
P/TBV Ratio
20.32
1.75

Enterprise valuationIndustry

EV / Sales
31.75
4.42

Share statisticsIndustry

Shares Change (YoY)
2.28%
0.55%
Shares Change (QoQ)
0.00%
0.00%
Float
32M
24M
Shares Held by Insiders
8.88%
17.6%
Shares Held by Institutions
10.5%
69.2%

Short sellingIndustry

Short Interest
379,103
–
Short Interest Change
-35.9%
0.38%
Short % of Float
1.19%
3.91%
Short % of Shares Outstanding
1.09%
3.18%
Days to Cover
4.74
1.00

Stock price statisticsIndustry

52-Week High
$2.10
–
52-Week Low
$0.33
–
20-Day Moving Average
$0.42
–
50-Day Moving Average
$0.52
–
200-Day Moving Average
$0.70
–
Average True Range (14)
$0.06
–
Price Change (1 Week)
-3.15%
0.10%
Price Change (1 Month)
-43.3%
0.30%
Price Change (3 Months)
-18.8%
0.35%
Price Change (6 Months)
-55.9%
1.31%
Price Change (YTD)
-72.7%
2.84%
Price Change (1 Year)
-79.5%
1.82%
Price Change (3 Years)
-65.7%
-0.49%
Price Change (5 Years)
-85.0%
-28.4%
Price Change (10 Years)
-82.5%
-19.0%
Average Volume (10 Days)
81,847
–
Average Volume (20 Days)
75,674
–
Average Volume (90 Days)
1M
–
Relative Volume
0.04
0.80
Relative Strength Index (14)
36.5
55.6
Volatility (1 Year)
103.2%
17.8%
Beta (5 Years)
0.35
0.70

MarginsIndustry

Operating Margin
-670.2%
25.5%
Profit Margin
-662.0%
10.0%
EBITDA Margin
-669.3%
50.8%
FCF Margin
-500.4%
17.8%

Returns on capitalIndustry

Return on Equity (ROE)
-233.1%
3.69%
Return on Assets (ROA)
-104.1%
1.63%
Return on Invested Capital (ROIC)
-1167.3%
9.00%
Return on Capital Employed (ROCE)
-164.6%
-0.78%

Financial positionIndustry

Current Ratio
2.21
2.08
Quick Ratio
1.95
1.51

GrowthIndustry

Revenue Growth (YoY)
-69.7%
4.64%
Revenue Growth (3Y CAGR)
27.6%
4.18%
Revenue Growth (5Y CAGR)
6.24%
7.63%

EfficiencyIndustry

Asset Turnover
0.16
0.13
Revenue Per Employee
$74.37K
$2.42M
Profits Per Employee
-$492.28K
$86.23K
Employee Count
5
67
WACC
7.38%
8.30%

Income statement (TTM)Industry

Revenue
$371.83K
$455.76M
Operating Income
-$2.49M
-$570.81K
Net Income
-$2.46M
$4.01M
EBITDA
-$2.49M
$4.10M
EPS (Diluted)
-$0.07
$0.29

Balance sheetIndustry

Net Cash (Debt)
$644.63K
$845.20K
Net Cash Per Share
$0.02
$0.03
Equity (Book Value)
$612.79K
-$78.08K
Book Value Per Share
$0.02
-$0.00
Tangible Book Value
$612.79K
-$170.61K
Working Capital
$538.07K
$334.67K

Cash flow (TTM)Industry

Operating Cash Flow
-$1.86M
$12.05M
Capital Expenditures
-$257
-$90.95M
Free Cash Flow
-$1.86M
$18.20M
FCF Per Share
-$0.05
$0.71

Dividends and yieldsIndustry

Earnings Yield
-19.8%
2.19%
FCF Yield
-14.9%
4.24%

Scores and fair valueIndustry

Altman Z-Score
-90.56
10.58
Piotroski F-Score
2
5

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.

PeriodREFRS&P 500DifferenceREFR per yearS&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%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

0M REFR shares were sold short on Oct 30, 2026, down 35.9% from the previous report, or 1.19% of the shares available to trade. At recent volumes it would take 4.7 days to buy them back. Over the last 20 sessions, 30.0% of the volume reported to FINRA was short selling.

Settlement dateShares shortChangeAvg. daily volumeDays to cover
Oct 30, 2026379,103-35.9%80,0084.7
Oct 15, 2026591,379-42.2%152,4853.9
Sep 30, 20261,022,632+162.4%9,103,8901.0
Sep 15, 2026389,783-9.8%136,9822.9
Aug 31, 2026431,999+19.6%157,2182.8
Aug 14, 2026361,283+30.2%97,3803.7
Jul 31, 2026277,427-19.7%62,6804.4
Jul 15, 2026345,343+7.4%52,5546.6
Jun 30, 2026321,566-9.9%75,7554.2
Jun 15, 2026356,780+4.3%29,31312.2
May 29, 2026342,110-0.6%22,50715.2
May 15, 2026344,271+5.2%52,7456.5

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

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