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Research Frontiers (REFR) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 6, 2026

Research Frontiers (REFR) reported revenue of $86K for the second quarter 2026 (Q2 2026), -34% from a year earlier and -37% from the quarter before. Operating margin was -775.7%, net loss $660K (764.6% of revenue).

Revenue$86K
Year over year-34%
Quarter over quarter-37%
Operating margin-775.7%
Net earnings−$660K

Research Frontiers, Q2 2026: revenue $86K (-34% year over year), operating margin -775.7%, net loss $660K, operating cash flow −$191K. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$86K-37%-34%
Operating profit−$670K——
Net earnings−$660K——
Operating cash flow−$191K——

What changed

Revenue was $86K in Q2 2026, down 34% year over year and down 37% from the previous quarter.

Operating costs exceeded revenue by $670K, an operating margin of -775.7%. Total costs fell 20% while revenue fell 34%. The quarter ended with a net loss of $660K, wider than the previous quarter's $525K loss.

Operating cash flow was −$191K. Non-cash charges added back $0K of depreciation and amortization. Working capital and other items added $469K. Capital expenditures of $0K exceeded it, leaving free cash flow of −$191K.

Questions

What was Research Frontiers' revenue in the second quarter 2026?

Research Frontiers (REFR) reported revenue of $86K for the second quarter 2026 (Q2 2026), -34% from a year earlier and -37% from the quarter before.

Was Research Frontiers profitable in the second quarter 2026?

Operating loss was $670K (-775.7% of revenue) and net loss $660K.

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Source: Research Frontiers 10-Q on SEC EDGAR.