REFAC Optical Group, Inc. (REF) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	478.7M	507.1M	438.2M	359.5M
Cost of Revenue	163.8M	201.6M	155.6M	129.2M
Gross Profit	314.9M	305.5M	282.6M	230.3M
Operating Expenses
R&D Expense	—	—	—	—
SG&A Expense	300.0M	276.7M	229.9M	192.8M
General & Admin Expense	256.3M	232.1M	191.6M	159.1M
Selling & Marketing Expense	43.7M	44.5M	38.4M	33.7M
Other Expenses	—	—	—	—
Total Operating Expenses	300.0M	276.7M	229.9M	192.8M
Cost and Expenses	463.8M	478.3M	385.5M	321.9M
Operating Income (EBIT)	14.9M	28.8M	52.7M	37.6M
Non-Operating
Interest Income	1.6M	1.8M	3.0M	1.1M
Interest Expense	15.0M	14.6M	10.7M	—
Net Interest Income	(13.4M)	(12.7M)	(7.7M)	1.1M
Other Non-Op Income/Expense	(12.0M)	(12.0M)	(7.0M)	1.2M
Non-Operating Income (excl Interest)	(3.0M)	(2.6M)	(3.7M)	(1.2M)
EBT (Pre-Tax Income)	2.9M	16.9M	45.7M	38.8M
Income Tax Expense	1.2M	4.2M	12.7M	14.9M
Bottom Line
Net Income	1.6M	12.6M	32.9M	23.9M
Earnings from Cont. Ops	1.6M	12.6M	32.9M	23.9M
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	1.6M	12.6M	32.9M	23.9M
Per Share
Basic EPS	$0.03	$0.25	$0.61	$0.39
Diluted EPS	$0.00	$0.25	$0.60	$0.39
Revenue Per Share	$9.61	$10.19	$8.14	$5.82
Shares
Basic Shares Outstanding	49.8M	49.8M	53.8M	61.8M
Diluted Shares Outstanding	52.9M	51.3M	54.7M	62.0M
Profitability Metrics
EBITDA	32.1M	44.6M	66.5M	47.2M
D&A	14.3M	13.2M	10.1M	8.5M
EBIT	17.9M	31.4M	56.4M	38.8M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026