RESEARCH FRONTIERS INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.1M | $1.3M | $909,598 | $539,686 | $1.3M |
| Research and development | $608,732 | $570,007 | $583,266 | $609,127 | $580,000 |
| Operating expenses | $3.3M | $2.8M | $2.9M | $3.2M | $3.1M |
| Operating income | -$2.1M | -$1.4M | -$2.0M | -$2.6M | -$1.8M |
| Net income | -$2.0M | -$1.3M | -$1.9M | -$2.7M | -$1.8M |
| Balance Sheet | |||||
| Cash and equivalents | $664,299 | $2.0M | $2.5M | $4.2M | $269,964 |
| Current assets | $1.1M | $2.7M | $3.6M | $4.9M | $3.9M |
| Total assets | $2.3M | $4.0M | $3.9M | $5.4M | $4.5M |
| Current liabilities | $297,877 | $269,027 | $277,431 | $301,863 | $297,936 |
| Total liabilities | $1.3M | $1.4M | $332,794 | $569,586 | $762,064 |
| Stockholders' equity | $933,626 | $2.6M | $3.5M | $4.8M | $3.8M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.3M | -$788,819 | -$2.3M | -$2.2M | -$1.8M |
| Depreciation and amortization | $11,478 | $14,978 | $14,745 | $28,837 | $29,895 |
| Stock-based compensation | $374,875 | $89,316 | $144,728 | $232,291 | $217,008 |
| Capital expenditure | $726 | $1,623 | $1,558 | $1,271 | $1,077 |
| Free cash flow | -$1.3M | -$790,442 | -$2.3M | -$2.2M | -$1.8M |
Shares outstanding 34.9M · Free float 87.1%
Annual filing data through FY ended December 31, 2025; float as of July 10, 2026.