Filing Flows › Research Frontiers (REFR) › Q1 2026
Research Frontiers (REFR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Research Frontiers (REFR) reported revenue of $136K for the first quarter 2026 (Q1 2026), -76% from a year earlier and +89% from the quarter before. Operating margin was -389.1%, net loss $525K (385.4% of revenue).
Research Frontiers, Q1 2026: revenue $136K (-76% year over year), operating margin -389.1%, net loss $525K, operating cash flow −$760K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136K | +89% | -76% |
| Operating profit | −$530K | — | — |
| Net earnings | −$525K | — | — |
| Operating cash flow | −$760K | — | — |
What changed
Revenue was $136K in Q1 2026, down 76% year over year and up 89% from the previous quarter.
Operating costs exceeded revenue by $530K, an operating margin of -389.1%. Total costs fell 17% while revenue fell 76%. The quarter ended with a net loss of $525K, narrower than the previous quarter's $766K loss.
Operating cash flow was −$760K. Non-cash charges added back $0K of depreciation and amortization. Working capital and other items used $235K. Capital expenditures of $0K exceeded it, leaving free cash flow of −$760K.
Questions
What was Research Frontiers' revenue in the first quarter 2026?
Research Frontiers (REFR) reported revenue of $136K for the first quarter 2026 (Q1 2026), -76% from a year earlier and +89% from the quarter before.
Was Research Frontiers profitable in the first quarter 2026?
Operating loss was $530K (-389.1% of revenue) and net loss $525K.
Source: Research Frontiers 10-Q on SEC EDGAR.