# Research Frontiers Inc. (REFR) — Operating Income

## Annual Operating Income (USD)

| Year | Operating Income |
| --- | --- |
| 2025 | -$2M |
| 2024 | -$1M |
| 2023 | -$2M |
| 2022 | -$3M |
| 2021 | -$2M |
| 2020 | -$3M |
| 2019 | -$3M |
| 2018 | -$2M |
| 2017 | -$2M |
| 2016 | -$4M |
| 2015 | -$4M |
| 2014 | -$4M |

## Quarterly Operating Income (USD)

| Quarter | Operating Income |
| --- | --- |
| 2026-03-31 | -$530,413 |
| 2025-09-30 | -$303,944 |
| 2025-06-30 | -$815,104 |
| 2025-03-31 | -$239,577 |
| 2024-09-30 | -$231,704 |
| 2024-06-30 | -$116,134 |
| 2024-03-31 | -$469,750 |
| 2023-09-30 | -$513,808 |
| 2023-06-30 | -$525,264 |
| 2023-03-31 | -$488,846 |
| 2022-09-30 | -$486,189 |
| 2022-06-30 | -$743,160 |
| 2022-03-31 | -$575,695 |
| 2021-09-30 | $17,226 |
| 2021-06-30 | -$528,951 |
| 2021-03-31 | -$557,651 |
| 2020-09-30 | -$443,445 |
| 2020-06-30 | -$602,581 |
| 2020-03-31 | -$647,586 |
| 2019-09-30 | -$410,855 |
| 2019-06-30 | -$952,301 |
| 2019-03-31 | -$562,472 |
| 2018-09-30 | -$403,890 |
| 2018-06-30 | -$571,931 |

Source: [CompaniesByCap](https://companiesbycap.com/company/REFR/operating-income)