What is Nexpoint Real Estate Finance Inc's earnings per share (EPS)?

Nexpoint Real Estate Finance Inc (NREF) reported diluted earnings per share of $2.85 for fiscal year 2025. This represents a 179.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Nexpoint Real Estate Finance Inc Financials

NREF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Nexpoint Real Estate Finance Inc (NREF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

0.19x

For every $1 of reported earnings, Nexpoint Real Estate Finance Inc generates $0.19 in operating cash flow ($22.9M OCF vs $123.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$96.3M

Nexpoint Real Estate Finance Inc generated $96.3M in revenue in fiscal year 2025.

EBITDA

N/A

Net Income

$123.1M

YoY+242.4%

5Y CAGR+29.2%

Nexpoint Real Estate Finance Inc reported $123.1M in net income in fiscal year 2025. This represents an increase of 242.4% from the prior year.

EPS (Diluted)

$2.85

YoY+179.4%

5Y CAGR+10.4%

Nexpoint Real Estate Finance Inc earned $2.85 per diluted share (EPS) in fiscal year 2025. This represents an increase of 179.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

$2.00

YoY+0.0%

5Y CAGR+7.1%

Nexpoint Real Estate Finance Inc paid $2.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

19M

YoY+7.0%

5Y CAGR+30.1%

Nexpoint Real Estate Finance Inc had 19M shares outstanding in fiscal year 2025. This represents an increase of 7.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

127.9%

Nexpoint Real Estate Finance Inc's net profit margin was 127.9% in fiscal year 2025, showing the share of revenue converted to profit.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NREF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$96.3M	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$12.7M-1.2%	$12.8M+39.2%	$9.2M+27.1%	$7.2M+13.7%	$6.4M+88.4%	$3.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.3M-85.8%	$44.4M-13.9%	$51.6M+28.1%	$40.3M+35.2%	$29.8M+39.7%	$21.3M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$123.1M+242.4%	$36.0M+91.9%	$18.7M+31.8%	$14.2M-83.0%	$83.5M+144.3%	$34.2M
EPS (Diluted)	$2.85+179.4%	$1.02+70.0%	$0.60+172.7%	$0.22-94.4%	$3.93+125.9%	$1.74

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.4M-10.3%	$3.8M+49.8%	$2.5M	N/A	$2.2M-32.0%	$3.2M-24.1%	$4.2M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.4M-3.8%	$10.8M+2.2%	$10.5M	N/A	$11.0M-3.9%	$11.5M+2.3%	$11.2M	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$50.9M+128.4%	$22.3M-14.2%	$26.0M	N/A	$23.3M+92.6%	$12.1M+182.7%	-$14.6M	N/A
EPS (Diluted)	$1.14+111.1%	$0.54-22.9%	$0.70	N/A	$0.74+85.0%	$0.40+148.2%	$-0.83	N/A

NREF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$5.4B-22.8%	$7.0B-13.9%	$8.2B-4.2%	$8.5B+37.8%	$6.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	$3.9M-72.0%	$13.8M-31.0%	$20.0M-24.2%	$26.5M-12.5%	$30.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$4.8B-26.3%	$6.6B-13.6%	$7.6B-5.0%	$8.0B+38.7%	$5.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$799.3M-37.2%	$1.3B-5.7%	$1.3B+5.7%	$1.3B+22.9%	$1.0B
Total Equity	N/A	$336.5M-3.2%	$347.4M-22.5%	$448.5M+82.9%	$245.3M+91.3%	$128.2M
Retained Earnings	N/A	-$54.9M-53.4%	-$35.8M-907.7%	$4.4M-84.4%	$28.4M+714.0%	$3.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$5.3B-2.3%	$5.4B+0.1%	$5.4B-0.3%	$5.4B-4.7%	$5.7B-13.5%	$6.6B-7.2%	$7.1B+0.9%	$7.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$17.9M+97.9%	$9.1M-52.9%	$19.2M+395.8%	$3.9M-88.8%	$34.7M+713.6%	$4.3M-68.4%	$13.5M-2.5%	$13.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.5B-4.6%	$4.7B-1.2%	$4.8B-1.4%	$4.8B-6.0%	$5.2B-15.4%	$6.1B-8.2%	$6.6B+1.0%	$6.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$720.9M-11.6%	$815.6M-1.9%	$831.5M+4.0%	$799.3M-2.0%	$815.5M-5.3%	$861.0M+2.1%	$843.3M-33.7%	$1.3B
Total Equity	$375.4M+7.8%	$348.2M+1.3%	$343.7M+2.1%	$336.5M+0.2%	$335.8M+2.6%	$327.5M+0.1%	$327.1M-5.9%	$347.4M
Retained Earnings	-$19.0M+57.5%	-$44.6M+6.1%	-$47.5M+13.5%	-$54.9M-1.5%	-$54.1M+11.3%	-$61.1M-2.9%	-$59.3M-65.6%	-$35.8M

NREF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$22.9M-21.7%	$29.3M-7.2%	$31.6M-52.0%	$65.8M+33.5%	$49.3M+49.8%	$32.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$321.5M-66.4%	$956.5M+29.0%	$741.3M-22.0%	$950.6M+83.6%	$517.9M+858.7%	-$68.3M
Financing Cash Flow	-$317.2M+68.1%	-$995.4M-28.2%	-$776.6M+24.5%	-$1.0B-81.4%	-$567.4M-924.4%	$68.8M
Dividends Paid	$35.3M+1.4%	$34.8M-27.3%	$48.0M+61.7%	$29.7M+109.3%	$14.2M+92.0%	$7.4M
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$4.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$8.1M+144.0%	$3.3M-79.3%	$16.0M+268.0%	$4.4M-70.4%	$14.7M+296.1%	-$7.5M-142.4%	$17.7M+466.2%	$3.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$190.1M+938.5%	$18.3M-74.3%	$71.3M-67.7%	$220.6M+58.8%	$138.9M+169.3%	$51.6M-90.5%	$545.4M+435.5%	$101.9M
Financing Cash Flow	-$190.3M-506.8%	-$31.4M+55.7%	-$70.9M+72.4%	-$256.6M-109.9%	-$122.3M-118.1%	-$56.1M+90.0%	-$560.5M-453.5%	-$101.3M
Dividends Paid	$8.4M-5.6%	$8.9M+1.0%	$8.8M-9.2%	$9.7M+23.9%	$7.8M-10.7%	$8.7M+0.9%	$8.7M-31.2%	$12.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NREF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	127.9%	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	10.7%+5.3pp	5.4%+2.2pp	3.2%-30.9pp	34.0%+7.4pp	26.6%
Return on Assets	N/A	0.7%+0.4pp	0.3%+0.1pp	0.2%-0.8pp	1.0%+0.4pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	2.38-1.3	3.66+0.7	3.01-2.2	5.20-2.9	8.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	13.6%+7.2pp	6.4%-1.1pp	7.5%	N/A	7.0%+3.3pp	3.7%+8.2pp	-4.5%	N/A
Return on Assets	1.0%+0.5pp	0.4%-0.1pp	0.5%	N/A	0.4%+0.2pp	0.2%+0.4pp	-0.2%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.92-0.4	2.34-0.1	2.42+0.0	2.38-0.1	2.43-0.2	2.63+0.1	2.58-1.1	3.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Nexpoint Real Estate Finance Inc's annual revenue?

Nexpoint Real Estate Finance Inc (NREF) reported $96.3M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Nexpoint Real Estate Finance Inc profitable?

Yes, Nexpoint Real Estate Finance Inc (NREF) reported a net income of $123.1M in fiscal year 2025, with a net profit margin of 127.9%.

What is Nexpoint Real Estate Finance Inc's net profit margin?

Nexpoint Real Estate Finance Inc (NREF) had a net profit margin of 127.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Nexpoint Real Estate Finance Inc pay dividends?

Yes, Nexpoint Real Estate Finance Inc (NREF) paid $2.00 per share in dividends during fiscal year 2025.

What is Nexpoint Real Estate Finance Inc's operating cash flow?

Nexpoint Real Estate Finance Inc (NREF) generated $22.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

How many shares does Nexpoint Real Estate Finance Inc have outstanding?

Nexpoint Real Estate Finance Inc (NREF) had 19M shares outstanding as of fiscal year 2025.

Are Nexpoint Real Estate Finance Inc's earnings high quality?

Nexpoint Real Estate Finance Inc (NREF) has an earnings quality ratio of 0.19x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.