NREF · XBRL financial data
NexPoint Real Estate Finance financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (NREF's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| General and administrative | 3 | 6 | 7 | 9 | 13 | 13 |
| Total operating expenses | 9 | 14 | 26 | 23 | 37 | 34 |
| Interest expense | 21 | 30 | 40 | 52 | — | — |
| Other income (expense) | 0 | 1 | 0 | 2 | 1 | (0) |
| Earnings per share, basic USD per share | 2.13 | 6.00 | 0.22 | 0.60 | 1.02 | 4.28 |
| Earnings per share, diluted USD per share | 1.74 | 3.93 | 0.22 | 0.60 | 1.02 | 2.85 |
| Weighted average shares, basic millions of shares | 5 | 7 | 15 | 17 | 17 | 18 |
| Weighted average shares, diluted millions of shares | 19 | 20 | 15 | 17 | 17 | 42 |
Balance sheet
CSVFiscal years (NREF's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 30 | 26 | 20 | 14 | 4 | 31 |
| Total assets | 6,176 | 8,514 | 8,154 | 7,018 | 5,416 | 5,321 |
| Total liabilities | 5,772 | 8,007 | 7,609 | 6,573 | 4,844 | 4,489 |
| Retained earnings (accumulated deficit) | 3 | 28 | 4 | (36) | (55) | (17) |
| Total stockholders' equity | 128 | — | — | — | — | — |
| Total liabilities and equity | 6,176 | 8,514 | 8,154 | 7,018 | 5,416 | 5,321 |
| Common shares outstanding (cover page) millions of shares | 5 | 14 | 17 | 18 | 18 | 19 |
Cash flows
CSVFiscal years (NREF's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 1 | 2 | 3 | 4 | 6 | 6 |
| Depreciation and amortization | 0 | 0 | 3 | 2 | 6 | 3 |
| Net cash from operating activities | 33 | 49 | 66 | 32 | 29 | 23 |
| Net cash from investing activities | (68) | 518 | 951 | 741 | 957 | 322 |
| Proceeds from issuing common stock | 0 | 32 | 156 | 0 | 0 | — |
| Share repurchases | 5 | 0 | 0 | — | — | — |
| Dividends paid | 7 | 14 | 30 | 48 | 35 | 35 |
| Net cash from financing activities | 69 | (567) | (1,029) | (777) | (995) | (317) |
| Net change in cash | 33 | (0) | (13) | (4) | (10) | 27 |
Compare with peers
SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| NexPoint Real Estate Finance | 6.4 | not reported | (6)* | 18.8M | 1.1 quarters | 10-QJun 30, 2026 |
| Orion Properties | 17 | not reported | 16* | 57.0M | — | 10-QJun 30, 2026 |
| Granite Point Mortgage Trust | 58 | not reported | 0.5* | 48.2M | — | 10-QJun 30, 2026 |
| Acacia Research | 308 | 115 | 3.9* | 97.6M | — | 10-QJun 30, 2026 |
| ACRES Commercial Realty | 41 | 21 | 5.5* | 7.1M | — | 10-QJun 30, 2026 |
| Sunrise Realty Trust | 5.6 | 5.8 | 0.4* | 13.5M | — | 10-QJun 30, 2026 |
| Rithm Property Trust | 45 | not reported | (8)* | 7.9M | — | 10-QSep 30, 2026 |
| Lvpai Group | 0 | 0* | (0)* | 100.1M | — | 10-KJan 31, 2026 |
| First Real Estate Investment Trust of New Jersey | 16 | 7.5 | 0.7* | 7.5M | — | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.