Research Frontiers Incorporated (REFR) Earnings History
Annual and quarterly earnings data from 1988 to 2025
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REFR EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
REFR Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 83.4% | -190.2% | -182.4% |
| 2024 | 80.3% | -108.0% | -98.2% |
| 2023 | -159.4% | -223.5% | -209.8% |
| 2022 | 100.0% | -486.4% | -494.6% |
| 2021 | 100.0% | -145.6% | -146.2% |
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Research Frontiers Incorporated (REFR) Earnings Overview
As of May 8, 2026, Research Frontiers Incorporated (REFR) reported trailing twelve-month net income of -$2M, reflecting -55.5% year-over-year growth. The company earned $-0.06 per diluted share over the past four quarters, with a net profit margin of -182.4%.
Looking at the long-term picture, REFR's historical earnings data spans multiple years. The company achieved its highest annual net income of -$700,000 in fiscal 1990.
Research Frontiers Incorporated is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including VUZI (-$32.28B net income, -513.9% margin), MVIS (-$95M net income, -7862.7% margin), KOSS (-$871,116 net income, -6.9% margin), REFR has outperformed on profitability metrics. Compare REFR vs VUZI →
REFR Earnings vs Peers
Earnings metrics vs comparable public companies
REFR Historical Earnings Data (1988–2025)
38 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$2M | -56.0% | -$2M | $-0.06 | -182.4% | -190.2% |
| 2024 | -$1M | +31.3% | -$1M | $-0.04 | -98.2% | -108.0% |
| 2023 | -$2M | +28.5% | -$2M | $-0.06 | -209.8% | -223.5% |
| 2022 | -$3M | -44.6% | -$3M | $-0.08 | -494.6% | -486.4% |
| 2021 | -$2M | +21.1% | -$2M | $-0.06 | -146.2% | -145.6% |
| 2020 | -$2M | +38.5% | -$3M | $-0.07 | -282.6% | -311.1% |
| 2019 | -$4M | -41.8% | -$3M | $-0.15 | -243.5% | -201.4% |
| 2018 | -$3M | -11.3% | -$2M | $-0.10 | -180.4% | -162.4% |
| 2017 | -$2M | +43.0% | -$2M | $-0.10 | -160.0% | -160.3% |
| 2016 | -$4M | +1.0% | -$4M | $-0.18 | -342.9% | -345.3% |
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Start ComparisonREFR — Frequently Asked Questions
Quick answers to the most common questions about buying REFR stock.
Is REFR growing earnings?
REFR EPS fell to $-0.06, with earnings declining -55.5%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-2M.
What are REFR's profit margins?
Research Frontiers Incorporated net margin is -182.4%, with operating margin at -190.2%. Below-average margins reflect competitive or cost pressures.
How consistent are REFR's earnings?
REFR earnings data spans 1988-2025. The declining earnings trend is -55.5% YoY. Historical data enables comparison across business cycles.