Research Frontiers annual operating expenses
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Research Frontiers Operating Expenses Growth & History (REFR)
Research Frontiers's operating expenses was $3.3M for fiscal 2025.
View full Research Frontiers company overviewResearch Frontiers annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.3M | $476,012 | +17.14% |
| 2024 | 2024-12-31 | $2.8M | −$165,496 | −5.62% |
| 2023 | 2023-12-31 | $2.9M | −$221,916 | −7.01% |
| 2022 | 2022-12-31 | $3.2M | $62,967 | +2.03% |
| 2021 | 2021-12-31 | $3.1M | −$303,990 | −8.93% |
| 2020 | 2020-12-31 | $3.4M | −$1.3M | −27.74% |
| 2019 | 2019-12-31 | $4.7M | $806,502 | +20.64% |
| 2018 | 2018-12-31 | $3.9M | −$20,820 | −0.53% |
| 2017 | 2017-12-31 | $3.9M | −$1.6M | −28.64% |
| 2016 | 2016-12-31 | $5.5M | −$826,615 | −13.06% |
| 2015 | 2015-12-31 | $6.3M | $282,975 | +4.68% |
| 2014 | 2014-12-31 | $6.0M | −$2.2M | −26.61% |
| 2013 | 2013-12-31 | $8.2M | $2.5M | +42.72% |
| 2012 | 2012-12-31 | $5.8M | $764,140 | +15.25% |
| 2011 | 2011-12-31 | $5.0M | $351,420 | +7.54% |
| 2010 | 2010-12-31 | $4.7M | −$75,295 | −1.59% |
| 2009 | 2009-12-31 | $4.7M | — | — |
Research Frontiers quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $756,100 | −$188,908 | −19.99% |
| Q1 2026 | 2026-03-31 | $666,732 | −$132,621 | −16.59% |
| Q4 2025 | 2025-12-31 | $845,667 | $43,231 | +5.39% |
| Q3 2025 | 2025-09-30 | $663,388 | $77,276 | +13.18% |
| Q2 2025 | 2025-06-30 | $945,008 | $339,280 | +56.01% |
| Q1 2025 | 2025-03-31 | $799,353 | $16,225 | +2.07% |
| Q4 2024 | 2024-12-31 | $802,436 | −$15,185 | −1.86% |
| Q3 2024 | 2024-09-30 | $586,112 | −$91,842 | −13.55% |
| Q2 2024 | 2024-06-30 | $605,728 | −$104,576 | −14.72% |
| Q1 2024 | 2024-03-31 | $783,128 | $46,107 | +6.26% |
| Q4 2023 | 2023-12-31 | $817,621 | −$132,369 | −13.93% |
| Q3 2023 | 2023-09-30 | $677,954 | $41,322 | +6.49% |
| Q2 2023 | 2023-06-30 | $710,304 | −$118,367 | −14.28% |
| Q1 2023 | 2023-03-31 | $737,021 | −$12,502 | −1.67% |
| Q4 2022 | 2022-12-31 | $949,990 | −$31,958 | −3.25% |
| Q3 2022 | 2022-09-30 | $636,632 | −$69,607 | −9.86% |
| Q2 2022 | 2022-06-30 | $828,671 | $185,783 | +28.90% |
| Q1 2022 | 2022-03-31 | $749,523 | −$21,251 | −2.76% |
| Q4 2021 | 2021-12-31 | $981,948 | −$32,365 | −3.19% |
| Q3 2021 | 2021-09-30 | $706,239 | $97,166 | +15.95% |
| Q2 2021 | 2021-06-30 | $642,888 | −$135,806 | −17.44% |
| Q1 2021 | 2021-03-31 | $770,774 | −$232,985 | −23.21% |
| Q4 2020 | 2020-12-31 | $1.0M | −$590,861 | −36.81% |
| Q3 2020 | 2020-09-30 | $609,073 | −$264,651 | −30.29% |
| Q2 2020 | 2020-06-30 | $778,694 | −$474,642 | −37.87% |
| Q1 2020 | 2020-03-31 | $1.0M | $22,630 | +2.31% |
| Q4 2019 | 2019-12-31 | $1.6M | $587,153 | +57.68% |
| Q3 2019 | 2019-09-30 | $873,724 | $110,109 | +14.42% |
| Q2 2019 | 2019-06-30 | $1.3M | $356,552 | +39.76% |
| Q1 2019 | 2019-03-31 | $981,129 | −$247,312 | −20.13% |
| Q4 2018 | 2018-12-31 | $1.0M | $69,306 | +7.31% |
| Q3 2018 | 2018-09-30 | $763,615 | −$28,972 | −3.66% |
| Q2 2018 | 2018-06-30 | $896,784 | $57,953 | +6.91% |
| Q1 2018 | 2018-03-31 | $1.2M | −$119,107 | −8.84% |
| Q4 2017 | 2017-12-31 | $948,715 | −$718,606 | −43.10% |
| Q3 2017 | 2017-09-30 | $792,587 | −$78,248 | −8.99% |
| Q2 2017 | 2017-06-30 | $838,831 | −$530,331 | −38.73% |
| Q1 2017 | 2017-03-31 | $1.3M | −$249,176 | −15.61% |
| Q4 2016 | 2016-12-31 | $1.7M | −$537,529 | −24.38% |
| Q3 2016 | 2016-09-30 | $870,835 | −$351,736 | −28.77% |
| Q2 2016 | 2016-06-30 | $1.4M | $72,917 | +5.63% |
| Q1 2016 | 2016-03-31 | $1.6M | −$10,267 | −0.64% |
| Q4 2015 | 2015-12-31 | $2.2M | $292,594 | +15.30% |
| Q3 2015 | 2015-09-30 | $1.2M | $120,190 | +10.90% |
| Q2 2015 | 2015-06-30 | $1.3M | −$249,827 | −16.16% |
| Q1 2015 | 2015-03-31 | $1.6M | $120,018 | +8.07% |
| Q4 2014 | 2014-12-31 | $1.9M | −$1.3M | −40.17% |
| Q3 2014 | 2014-09-30 | $1.1M | −$324,981 | −22.77% |
| Q2 2014 | 2014-06-30 | $1.5M | $233,592 | +17.80% |
| Q1 2014 | 2014-03-31 | $1.5M | −$817,294 | −35.47% |
| Q4 2013 | 2013-12-31 | $3.2M | $1.9M | +151.50% |
| Q3 2013 | 2013-09-30 | $1.4M | $85,688 | +6.39% |
| Q2 2013 | 2013-06-30 | $1.3M | $68,611 | +5.52% |
| Q1 2013 | 2013-03-31 | $2.3M | $387,136 | +20.19% |
| Q4 2012 | 2012-12-31 | $1.3M | $82,528 | +6.95% |
| Q3 2012 | 2012-09-30 | $1.3M | $322,074 | +31.59% |
| Q2 2012 | 2012-06-30 | $1.2M | $180,068 | +16.93% |
| Q1 2012 | 2012-03-31 | $1.9M | $179,470 | +10.33% |
| Q4 2011 | 2011-12-31 | $1.2M | — | — |
| Q3 2011 | 2011-09-30 | $1.0M | $128,562 | +14.43% |
| Q2 2011 | 2011-06-30 | $1.1M | $175,156 | +19.71% |
| Q1 2011 | 2011-03-31 | $1.7M | — | — |
| Q3 2010 | 2010-09-30 | $891,038 | — | — |
| Q2 2010 | 2010-06-30 | $888,645 | — | — |
Research Frontiers operating expenses trends
Over the last five fiscal years, Research Frontiers's operating expenses decreased from $3.4M to $3.3M, a change of −$152,423. The latest reported quarter, Q2 2026, shows $756,100.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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