For the twelve months ended Jun 30, 2026, NexPoint Real Estate Finance Inc. reported $62.35M of net income.
NREF net income was $5.43M in fiscal Q2 2026 (ended Jun 30, 2026), down 55.8% from a year earlier and down 45.9% from the prior quarter. For the full fiscal 2025 it was $75.68M, up 327.7% from fiscal 2024. Compound annual growth was +46.8% over 5 years. It rose in 4 of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.
NREF diluted EPS was $0.29 in fiscal Q2 2026 (ended Jun 30, 2026), down 46.3% from a year earlier and down 31.0% from the prior quarter. For the full fiscal 2025 it was $2.85.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | $68.36M | $77.99M | $55.83M | $38.98M |
| Selling, general and admin | $12.65M | $12.81M | $9.20M | $7.24M | $6.37M | $3.38M |
| Interest expense | - | - | $51.56M | $40.26M | $29.77M | $21.31M |
| Net income | $75.68M | $17.69M | $10.40M | $3.23M | $39.58M | $11.10M |
| EPS, basic | $4.28 | $1.02 | $0.60 | $0.22 | $6.00 | $2.13 |
| EPS, diluted | $2.85 | $1.02 | $0.60 | $0.22 | $3.93 | $1.74 |
| Diluted shares | 42.0M | 17.4M | 17.2M | 14.7M | 20.4M | 18.6M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $31.11M | $3.88M | $13.82M | $20.05M | $26.46M | $30.24M |
| Total assets | $5.32B | $5.42B | $7.02B | $8.15B | $8.51B | $6.18B |
| Total debt | $771.20M | $799.30M | $1.27B | $1.35B | $1.28B | $1.04B |
| Total liabilities | $4.49B | $4.84B | $6.57B | $7.61B | $8.01B | $5.77B |
| Shareholders' equity | $387.99M | $336.48M | $347.44M | $448.51M | $245.28M | $128.24M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $22.92M | $29.28M | $31.56M | $65.80M | $49.30M | $32.90M |
| Investing cash flow | $321.54M | $956.54M | $741.34M | $950.58M | $517.88M | -$68.26M |
| Financing cash flow | -$317.16M | -$995.42M | -$776.60M | -$1.03B | -$567.41M | $68.83M |
| Dividends paid | $35.35M | $34.84M | $47.95M | $29.65M | $14.16M | $7.38M |
| Share repurchases | - | - | - | $0 | $0 | $4.79M |
| Stock-based compensation | $5.99M | $6.07M | $4.41M | $3.29M | $2.02M | $548.0K |
| Depreciation and amortization | $2.94M | $5.61M | $2.46M | $2.90M | $0 | $0 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | -12.3% | 39.7% | 43.2% | - |
| Net income growth, YoY | 327.7% | 70.1% | 221.6% | -91.8% | 256.6% | - |
| EPS growth, YoY | - | 70.0% | 172.7% | -94.4% | 125.9% | - |
| Net margin | - | - | 15.2% | 4.1% | 70.9% | 28.5% |
| Return on equity | 19.5% | 5.3% | 3.0% | 0.7% | 16.1% | 8.7% |
| Return on assets | 1.4% | 0.3% | 0.1% | 0.0% | 0.5% | 0.2% |
| Debt to equity | 1.99 | 2.38 | 3.66 | 3.01 | 5.20 | 8.10 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $16.88M | $18.01M |
| Selling, general and admin | $2.83M | $3.27M | $3.00M | $3.38M | $3.76M | $2.51M | $3.29M | $2.16M | $3.18M | $4.19M | $2.15M | $2.52M |
| Interest expense | - | - | - | - | - | - | - | - | - | $11.24M | $13.06M | $13.20M |
| Net income | $5.43M | $10.04M | $11.84M | $35.03M | $12.29M | $16.52M | $8.38M | $16.12M | $7.49M | -$14.29M | $13.63M | -$15.55M |
| EPS, basic | $0.29 | $0.54 | $0.67 | $1.98 | $0.69 | $0.94 | - | $0.92 | $0.43 | -$0.83 | - | -$0.90 |
| EPS, diluted | $0.29 | $0.42 | $0.47 | $1.14 | $0.54 | $0.70 | - | $0.74 | $0.40 | -$0.83 | - | -$0.90 |
| Diluted shares | 54.0M | 51.5M | - | 43.9M | 39.5M | 36.0M | - | 30.5M | 27.8M | 24.9M | - | 23.1M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.38M | $22.64M | $31.11M | $17.92M | $9.06M | $19.22M | $3.88M | $34.71M | $4.27M | $13.48M | $13.82M | $10.98M |
| Total assets | $5.37B | $5.23B | $5.32B | $5.28B | $5.40B | $5.40B | $5.42B | $5.69B | $6.57B | $7.09B | $7.02B | $6.89B |
| Total debt | - | - | $771.20M | $720.90M | $815.56M | $831.50M | $799.30M | $815.53M | $861.00M | $843.32M | $1.27B | $1.22B |
| Total liabilities | $4.51B | $4.39B | $4.49B | $4.50B | $4.72B | $4.78B | $4.84B | $5.15B | $6.09B | $6.64B | $6.57B | $6.45B |
| Shareholders' equity | $379.71M | $388.75M | $387.99M | $375.42M | $348.24M | $343.71M | $336.48M | $335.84M | $327.47M | $327.08M | $347.44M | $345.01M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.04M | $9.40M | -$4.54M | $8.10M | $3.32M | $16.04M | $4.36M | $14.72M | -$7.50M | $17.71M | $3.13M | $5.95M |
| Investing cash flow | $24.16M | $84.69M | $41.88M | $190.07M | $18.30M | $71.28M | $220.60M | $138.93M | $51.60M | $545.41M | $101.86M | $208.11M |
| Financing cash flow | $94.87M | -$103.20M | -$24.55M | -$190.35M | -$31.37M | -$70.89M | -$256.62M | -$122.25M | -$56.06M | -$560.48M | -$101.25M | -$222.72M |
| Dividends paid | $9.42M | $12.32M | $9.36M | $8.36M | $8.86M | $8.77M | $9.66M | $7.80M | $8.73M | $8.65M | $12.57M | $11.80M |
| Stock-based compensation | $1.75M | $1.41M | $1.51M | $1.50M | $1.69M | $1.28M | $1.41M | $1.41M | $1.45M | $1.80M | $1.02M | $1.28M |
| Depreciation and amortization | $1.73M | $1.43M | $631.0K | $620.0K | $614.0K | $1.08M | $1.11M | $1.10M | $1.08M | $2.32M | $1.03M | $476.0K |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | - | - | - | - | - | - | - | - | 8.5% | 21.0% |
| Net income growth, YoY | -55.8% | -39.2% | 41.4% | 117.4% | 64.1% | - | -38.6% | - | 30.3% | - | - | - |
| EPS growth, YoY | -46.3% | - | - | - | - | - | - | - | 21.2% | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | 80.8% | -86.3% |
| Debt to equity | - | - | 1.99 | 1.92 | 2.34 | 2.42 | 2.38 | 2.43 | 2.63 | 2.58 | 3.66 | 3.52 |
Source: XBRL data NexPoint Real Estate Finance Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NREF | - | - | $62.35M | - | $254.8M |
| WELL | $13.79B | +39.2% | $1.67B | 12.1% | $181.46B |
| PLD | $8.95B | +6.7% | $3.71B | 41.5% | $124.09B |
| EQIX | $10.06B | +11.1% | $1.65B | 16.4% | $104.38B |
| AMT | $11.01B | +5.3% | $3.31B | 30.1% | $87.65B |
| SPG | $7.15B | +16.2% | $4.51B | 63.0% | $75.39B |
| DLR | $6.34B | +12.6% | $1.38B | 21.7% | $68.13B |
| PSA | $5.03B | +5.2% | $1.90B | 37.8% | $63.18B |
| O | $6.21B | +10.8% | $1.36B | 21.8% | $56.58B |