REFR EBITDA | RESEARCH FRONTIERS INCORPORATED

RESEARCH FRONTIERS INCORPORATED (REFR) EBITDA

2026-06-30: Basis Reported; EBITDA (m); Operating income -$669.75K; Depreciation and amortization (m).
2026-03-31: Basis Reported; EBITDA -$530,269.00; Operating income (m); Depreciation and amortization (m).
2025-12-31: Basis Reported; EBITDA -$770,668.00; Operating income (m); Depreciation and amortization (m).
2025-09-30: Basis Reported; EBITDA -$301,065.00; Operating income (m); Depreciation and amortization (m).

Complete source-backed ebitda history.

Available history: 2009-12-31 to 2026-03-31
Data captured: 2026-09-04

Historical EBITDA

EBITDA 3 month

Date	Basis	EBITDA	Operating income	Depreciation and amortization	Revenue	EBITDA margin	Capital spending	Operating cash flow	Cost of products and services	Research and development	Selling, general and administration	Income tax expense / benefit
2026-06-30	Reported	(m)	-$669.75K	(m)	$86.35K	(m)	$38.00*	-$191.31K*	(m)	$128.88K	(m)	(m)
2026-03-31	Reported	-$530,269.00	(m)	(m)	(m)	-388.99%	$67.00	-$759.93K	(m)	$145.35K	(m)	(m)
2025-12-31	Reported	-$770,668.00	(m)	(m)	(m)	-1068.55%	(m)	(m)	(m)	(m)	(m)	(m)
2025-09-30	Reported	-$301,065.00	(m)	(m)	(m)	-83.76%	$373.00*	-$143.51K*	(m)	$141.75K	(m)	(m)
2025-06-30	Reported	-$812,240.00	(m)	(m)	(m)	-625.26%	$99.00*	-$78.43K*	(m)	$169.09K	(m)	(m)
2025-03-31	Reported	-$236,717.00	(m)	(m)	(m)	-42.29%	$110.00	-$641.27K	(m)	$162.88K	(m)	(m)
2024-12-31	Reported	-$620,517.00	(m)	(m)	(m)	-348.31%	(m)	(m)	(m)	(m)	(m)	(m)
2024-09-30	Reported	-$227,915.00	(m)	(m)	(m)	-64.31%	$588.00*	-$257.93K*	(m)	$131.25K	(m)	(m)
2024-06-30	Reported	-$112,416.00	(m)	(m)	(m)	-22.96%	$104.00*	-$186.85K*	(m)	$128.83K	(m)	(m)
2024-03-31	Reported	-$466,046.00	(m)	(m)	(m)	-148.72%	$50.00	-$391.12K	(m)	$149.74K	(m)	(m)
2023-09-30	Reported	(m)	-$513.81K	(m)	$164.15K	(m)	-$39.00*	-$523.40K*	(m)	$135.32K	(m)	(m)
2023-06-30	Reported	(m)	-$525.26K	(m)	$185.04K	(m)	$602.00*	-$625.79K*	(m)	$145.61K	(m)	(m)
2023-03-31	Reported	(m)	-$488.85K	(m)	$248.18K	(m)	$702.00	-$597.12K	(m)	$149.22K	(m)	(m)
2022-09-30	Reported	(m)	-$486.19K	(m)	$150.44K	(m)	$149.00*	-$535.79K*	(m)	$149.16K	(m)	(m)
2022-06-30	Reported	(m)	-$743.16K	(m)	$85.51K	(m)	$462.00*	-$581.83K*	(m)	$146.43K	(m)	(m)
2022-03-31	Reported	(m)	-$575.70K	(m)	$173.83K	(m)	$605.00	-$497.95K	(m)	$148.82K	(m)	(m)
2021-09-30	Reported	$19.10K*	$17.23K	$1.88K*	$723.47K	2.64%*	$31.00*	-$483.05K*	(m)	$135.22K	(m)	(m)
2021-06-30	Reported	-$526.48K*	-$528.95K	$2.47K*	$113.94K	-462.08%*	$589.00*	-$742.13K*	(m)	$139.81K	(m)	(m)
2021-03-31	Reported	-$553,162.00	(m)	(m)	(m)	-259.55%	$346.00	-$642.66K	(m)	$145.18K	(m)	(m)
2020-12-31	Reported	-$880,888.00	(m)	(m)	(m)	-674.82%	(m)	(m)	(m)	(m)	(m)	(m)
2020-09-30	Reported	-$466.53K*	-$443.44K	-$23.08K*	$165.63K	-281.67%*	$1.23K*	-$399.91K*	(m)	$136.65K	(m)	(m)
2020-06-30	Reported	-$559.92K*	-$602.58K	$42.66K*	$176.11K	-317.93%*	$884.00*	-$481.42K*	(m)	$146.73K	(m)	(m)
2020-03-31	Reported	-$602,967.00	(m)	(m)	(m)	-169.29%	$55.00	-$758.22K	(m)	$183.32K	(m)	(m)
2019-12-31	Reported	-$1.17M	(m)	(m)	(m)	-307.98%	(m)	(m)	(m)	(m)	(m)	(m)
2019-09-30	Reported	-$359.80K*	-$410.86K	$51.05K*	$462.87K	-77.73%*	$2.11K*	-$344.28K*	(m)	$207.37K	(m)	(m)
2019-06-30	Reported	-$905.77K*	-$952.30K	$46.53K*	$301.04K	-300.89%*	$62.83K*	-$581.13K*	(m)	$313.98K	(m)	(m)
2019-03-31	Reported	-$513,553.00	(m)	(m)	(m)	-122.67%	$134.00	-$732.55K	(m)	$229.96K	(m)	(m)
2018-12-31	Reported	-$601,578.00	(m)	(m)	(m)	-162.24%	(m)	(m)	(m)	(m)	(m)	(m)
2018-09-30	Reported	-$358.83K*	-$403.89K	$45.06K*	$359.73K	-99.75%*	$208.00*	-$522.03K*	(m)	$190.65K	(m)	(m)
2018-06-30	Reported	-$526.47K*	-$571.93K	$45.46K*	(m)	(m)	$5.69K*	-$428.88K*	(m)	$250.82K	(m)	(m)
2018-03-31	Reported	-$750,293.00	(m)	(m)	(m)	-173.17%	$5.40K	-$685.90K	(m)	$218.62K	(m)	(m)
2017-12-31	Reported	-$625,358.00	(m)	(m)	(m)	-223.79%	(m)	(m)	(m)	(m)	(m)	(m)
2017-09-30	Reported	-$260.31K*	-$304.25K	$43.94K*	(m)	(m)	$540.00*	-$217.03K*	(m)	$185.30K	(m)	(m)
2017-06-30	Reported	-$446.71K*	-$490.65K	$43.94K*	(m)	(m)	$1.70K*	-$157.90K*	(m)	$202.05K	(m)	(m)
2017-03-31	Reported	-$910,580.00	(m)	(m)	(m)	-231.63%	$4.12K	-$645.60K	(m)	$211.29K	(m)	(m)
2016-12-31	Reported	-$1.34M	(m)	(m)	(m)	-483.35%	(m)	(m)	(m)	(m)	(m)	(m)
2016-09-30	Reported	-$519.27K*	-$566.06K	$46.79K*	(m)	(m)	$3.04K*	(m)	(m)	$246.75K	(m)	(m)
2016-06-30	Reported	-$1.08M*	-$1.12M	$47.28K*	(m)	(m)	$3.43K*	(m)	(m)	$503.57K	(m)	(m)
2016-03-31	Reported	-$1.14M	(m)	(m)	(m)	-278.68%	$1.59K	(m)	(m)	$410.22K	(m)	(m)
2015-12-31	Reported	-$1.78M	(m)	(m)	(m)	-469.41%	(m)	(m)	(m)	(m)	(m)	(m)
2015-09-30	Reported	-$718.72K*	-$766.73K	$48.01K*	(m)	(m)	$2.15K*	(m)	(m)	$327.45K	(m)	(m)
2015-06-30	Reported	-$457.43K*	-$492.75K	$35.32K*	(m)	(m)	$134.57K*	(m)	(m)	$334.52K	(m)	(m)
2015-03-31	Reported	-$1.22M	(m)	(m)	(m)	-321.29%	$176.22K	(m)	(m)	$434.45K	(m)	(m)
2014-12-31	Reported	-$1.46M	(m)	(m)	(m)	-330.70%	(m)	(m)	(m)	(m)	(m)	(m)
2014-09-30	Reported	-$638.86K*	-$649.44K	$10.59K*	(m)	(m)	$65.30K*	(m)	(m)	$324.31K	(m)	(m)
2014-06-30	Reported	-$1.14M*	-$1.15M	$6.14K*	(m)	(m)	$1.27K*	(m)	(m)	$349.63K	(m)	(m)
2014-03-31	Reported	-$1.17M	(m)	(m)	(m)	-380.27%	$43.24K	(m)	(m)	$449.81K	(m)	(m)
2013-12-31	Reported	-$2.7M	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2013-09-30	Reported	-$909.08K*	-$920.67K	$11.59K*	(m)	(m)	$8.80K*	-$914.13K*	(m)	$424.76K	(m)	(m)
2013-06-30	Reported	-$815.38K*	-$826.93K	$11.55K*	(m)	(m)	$24.62K*	-$753.68K*	(m)	$394.29K	(m)	(m)
2013-03-31	Reported	-$1.59M	(m)	(m)	(m)	(m)	$11.13K	-$563.80K	(m)	$636.44K	(m)	$0.00
2012-12-31	Reported	-$709,910.00	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2012-09-30	Reported	-$860.80K*	-$869.79K	$8.99K*	(m)	(m)	$6.09K*	-$840.18K*	(m)	$369.37K	(m)	$0.00
2012-06-30	Reported	-$784.42K*	-$793.04K	$8.62K*	(m)	(m)	$2.06K*	-$198.55K*	(m)	$391.65K	(m)	$0.00
2012-03-31	Reported	-$1.43M	(m)	(m)	(m)	(m)	$2.46K	-$791.57K	(m)	$477.74K	(m)	-$613.40K
2011-12-31	Reported	-$824,068.00	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2011-09-30	Reported	-$802.37K*	-$812.40K	$10.03K*	(m)	(m)	$2.91K*	-$806.88K*	(m)	$340.96K	(m)	$0.00
2011-06-30	Reported	-$913.50K*	-$923.39K	$9.89K*	(m)	(m)	$3.53K*	-$823.92K*	(m)	$327.09K	(m)	$0.00
2011-03-31	Reported	-$1.58M	(m)	(m)	(m)	(m)	$2.28K	-$668.45K	(m)	$411.97K	(m)	$0.00
2010-12-31	Reported	-$728,532.00	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2010-09-30	Reported	-$742.42K*	-$753.34K	$10.92K*	(m)	(m)	$349.00*	-$900.78K*	(m)	$305.53K	(m)	(m)
2010-06-30	Reported	(m)	-$727.42K	(m)	(m)	(m)	(m)	(m)	(m)	$297.85K	(m)	(m)

EBITDA 12 month

Date	Basis	EBITDA	Operating income	Depreciation and amortization	Revenue	EBITDA margin	Capital spending	Operating cash flow	Cost of products and services	Research and development	Selling, general and administration	Income tax expense / benefit
2025-12-31	Reported	-$2.12M	(m)	(m)	(m)	-189.14%	$726.00	-$1.33M	(m)	$608.73K	(m)	(m)
2024-12-31	Reported	-$1.43M	(m)	(m)	(m)	-106.84%	$1.62K	-$788.82K	(m)	$570.01K	(m)	(m)
2023-12-31	Reported	-$2.02M	(m)	(m)	(m)	-221.92%	$1.56K	-$2.30M	(m)	$583.27K	(m)	(m)
2022-12-31	Reported	(m)	-$2.63M	(m)	$539.69K	(m)	$1.27K	-$2.18M	(m)	$609.13K	(m)	(m)
2021-12-31	Reported	(m)	-$1.84M	(m)	$1.26M	(m)	$1.08K	-$1.80M	(m)	$580.00K	(m)	(m)
2020-12-31	Reported	-$2.51M	(m)	(m)	(m)	-303.01%	$56.54K	-$2.25M	(m)	$628.30K	(m)	(m)
2020-09-30	Rolling	(m)	-$2.97M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2020-06-30	Rolling	(m)	-$2.94M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2020-03-31	Rolling	(m)	-$3.29M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2019-12-31	Reported	-$2.95M	(m)	(m)	(m)	-188.87%	$65.28K	-$2.08M	(m)	$1.04M	(m)	(m)
2019-12-31	Rolling	(m)	-$3.20M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2019-09-30	Rolling	(m)	-$2.57M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2019-06-30	Rolling	(m)	-$2.57M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2019-03-31	Rolling	(m)	-$2.19M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2018-12-31	Reported	-$2.24M	(m)	(m)	(m)	-150.28%	$11.66K	-$2.07M	(m)	$863.40K	(m)	(m)
2018-12-31	Rolling	(m)	-$2.42M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2018-09-30	Rolling	(m)	-$2.44M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2018-06-30	Rolling	(m)	-$2.34M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2018-03-31	Rolling	(m)	-$2.26M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2017-12-31	Reported	-$2.24M	(m)	(m)	(m)	-148.63%	$6.55K	-$1.47M	(m)	$799.70K	(m)	(m)
2017-12-31	Rolling	(m)	-$2.42M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2017-09-30	Rolling	(m)	-$3.14M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2017-06-30	Rolling	(m)	-$3.40M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2017-03-31	Rolling	(m)	-$4.03M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2016-12-31	Reported	-$4.08M	(m)	(m)	(m)	-330.03%	$11.71K	-$4.01M	(m)	$1.42M	(m)	(m)
2016-12-31	Rolling	(m)	-$4.27M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2016-09-30	Rolling	(m)	-$4.71M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2016-06-30	Rolling	(m)	-$4.92M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2016-03-31	Rolling	(m)	-$4.28M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2015-12-31	Reported	-$4.18M	(m)	(m)	(m)	-208.37%	$316.19K	-$3.58M	(m)	$1.59M	(m)	(m)
2015-12-31	Rolling	(m)	-$4.32M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2015-09-30	Rolling	(m)	-$3.96M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2015-06-30	Rolling	(m)	-$3.84M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2015-03-31	Rolling	(m)	-$4.50M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-12-31	Reported	-$4.42M	(m)	(m)	(m)	-276.27%	$627.66K	(m)	(m)	$1.62M	(m)	(m)
2014-12-31	Rolling	(m)	-$4.45M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-09-30	Rolling	(m)	-$5.69M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-06-30	Rolling	(m)	-$5.97M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-03-31	Rolling	(m)	-$5.64M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2013-12-31	Reported	-$6.03M	(m)	(m)	(m)	(m)	$50.54K	(m)	(m)	$2.20M	(m)	(m)
2013-12-31	Rolling	(m)	-$6.08M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2013-09-30	Rolling	(m)	-$3.98M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2013-06-30	Rolling	(m)	-$3.92M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2013-03-31	Rolling	(m)	-$3.89M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2012-12-31	Reported	-$3.78M	(m)	(m)	(m)	(m)	$11.58K	-$2.68M	(m)	$1.67M	(m)	-$613.40K
2012-12-31	Rolling	(m)	-$3.71M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2012-09-30	Rolling	(m)	-$3.93M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2012-06-30	Rolling	(m)	-$3.87M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2012-03-31	Rolling	(m)	-$4.00M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2011-12-31	Reported	-$4.12M	(m)	(m)	(m)	(m)	$12.52K	-$3.35M	(m)	$1.39M	(m)	$0.00
2011-12-31	Rolling	(m)	-$4.16M*	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2010-12-31	Reported	-$3.85M	(m)	(m)	(m)	(m)	$10.31K	-$3.20M	(m)	$1.40M	(m)	$0.00
2009-12-31	Reported	-$3.98M	(m)	(m)	(m)	(m)	$23.95K	-$3.73M	(m)	$1.55M	(m)	(m)

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