Nexpoint Diversified Real Estate Trust Financials
This page shows Nexpoint Diversified Real Estate Trust (NXDT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
An asset-heavy balance sheet is carrying a financing load that operating improvement still cannot overcome.
Between FY2024 and FY2025, operating cash flow flipped positive from-$11.7M to$9.2M and the operating loss narrowed, yet the net loss deepened to-$127.0M . That gap, alongside interest expense above EBITDA at$26.6M versus$16.4M , shows the economic strain is coming more from financing and other below-operating items than from the core cash engine.
FY2025 ended with just
The balance sheet did not truly heal in FY2025: liabilities fell by about
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Nexpoint Diversified Real Estate Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Nexpoint Diversified Real Estate Trust has an operating margin of -1.6%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is up from -5.0% the prior year.
Nexpoint Diversified Real Estate Trust's revenue grew a modest 3.3% year-over-year to $86.0M. This slow but positive growth earns a score of 61/100.
Nexpoint Diversified Real Estate Trust carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Nexpoint Diversified Real Estate Trust generates a -18.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -6.8% the prior year.
Nexpoint Diversified Real Estate Trust passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Nexpoint Diversified Real Estate Trust generates $-0.07 in operating cash flow ($9.2M OCF vs -$127.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Nexpoint Diversified Real Estate Trust earns $-0.1 in operating income for every $1 of interest expense (-$1.4M vs $26.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Nexpoint Diversified Real Estate Trust generated $86.0M in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Nexpoint Diversified Real Estate Trust's EBITDA was $16.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.9% from the prior year.
Nexpoint Diversified Real Estate Trust reported -$127.0M in net income in fiscal year 2025. This represents a decrease of 124.6% from the prior year.
Nexpoint Diversified Real Estate Trust earned $-2.81 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 119.5% from the prior year.
Cash & Balance Sheet
Nexpoint Diversified Real Estate Trust held $8.2M in cash against $0 in long-term debt as of fiscal year 2025.
Nexpoint Diversified Real Estate Trust paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Nexpoint Diversified Real Estate Trust had 50M shares outstanding in fiscal year 2025. This represents an increase of 17.5% from the prior year.
Margins & Returns
Nexpoint Diversified Real Estate Trust's operating margin was -1.6% in fiscal year 2025, reflecting core business profitability. This is up 3.4 percentage points from the prior year.
Nexpoint Diversified Real Estate Trust's net profit margin was -147.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 79.8 percentage points from the prior year.
Nexpoint Diversified Real Estate Trust's ROE was -18.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.4 percentage points from the prior year.
Capital Allocation
Nexpoint Diversified Real Estate Trust spent $1.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
NXDT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.9M+24.3% | $18.4M+5.4% | $17.5M-17.0% | $21.0M-27.7% | $29.1M+12.1% | $25.9M+16.7% | $22.2M-0.3% | $22.3M |
| Cost of Revenue | $400K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $22.5M | 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 | $1.7M | N/A | N/A | N/A | $2.0M | N/A | $2.8M-11.0% | $3.2M |
| Operating Income | $3.5M+200.0% | -$3.5M-3.7% | -$3.3M-2403.0% | -$133K-102.4% | $5.5M+492.9% | $933K+115.7% | -$5.9M-1102.7% | $593K |
| Interest Expense | $5.7M-1.7% | $5.8M-16.2% | $6.9M+4.0% | $6.6M-8.8% | $7.3M-5.3% | $7.7M-7.3% | $8.3M+5.6% | $7.9M |
| Income Tax | $909K+191.3% | $312K+131.4% | -$995K-55.2% | -$641K-152.8% | $1.2M+770.2% | -$181K-125.9% | $700K+131.0% | $303K |
| Net Income | -$23.0M+32.0% | -$33.8M-146.8% | -$13.7M+69.8% | -$45.3M-31.9% | -$34.3M-144.3% | -$14.1M-40.0% | -$10.0M-2.6% | -$9.8M |
| EPS (Diluted) | $-0.46 | N/A | $-0.29+70.7% | $-0.99-23.7% | $-0.80 | N/A | $-0.25-4.2% | $-0.24 |
NXDT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B-4.5% | $1.1B-2.9% | $1.1B-0.4% | $1.1B-5.8% | $1.2B-3.7% | $1.2B-1.3% | $1.2B-0.7% | $1.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $9.4M+15.5% | $8.2M+53.8% | $5.3M+12.3% | $4.7M-50.0% | $9.5M+7.7% | $8.8M+3.2% | $8.5M-70.0% | $28.4M |
| 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 | $323.6M-8.5% | $353.9M-0.7% | $356.5M+0.5% | $354.8M-7.0% | $381.6M-2.5% | $391.3M-1.6% | $397.8M+1.8% | $390.7M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $674.6M-3.6% | $700.1M-5.3% | $739.0M-1.8% | $752.7M-6.2% | $802.7M-4.0% | $836.5M-0.8% | $842.9M-1.9% | $859.1M |
| Retained Earnings | -$393.0M-8.5% | -$362.1M-14.1% | -$317.3M-7.1% | -$296.2M-21.5% | -$243.7M-20.2% | -$202.8M-8.2% | -$187.5M-9.6% | -$171.1M |
NXDT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$498K-142.2% | $1.2M+41.3% | $835K+1013.3% | $75K-98.9% | $7.1M+272.0% | -$4.1M-928.0% | $497K+109.0% | -$5.5M |
| 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 | $26.2M+1014.4% | $2.4M+1067.5% | -$243K-101.0% | $25.3M+165.9% | $9.5M+26.8% | $7.5M+131.6% | -$23.8M-168.3% | $34.8M |
| Financing Cash Flow | -$28.0M-1124.2% | -$2.3M-427.7% | $697K+102.5% | -$27.5M-88.3% | -$14.6M-88.5% | -$7.7M-452.0% | $2.2M+125.3% | -$8.7M |
| Dividends Paid | $1.8M+15.6% | $1.6M+10.5% | $1.4M-7.8% | $1.5M+5.0% | $1.5M+16.9% | $1.3M+2.5% | $1.2M-5.5% | $1.3M |
| Share Buybacks | $2.3M+107.4% | $1.1M | N/A | N/A | $0 | $0 | N/A | N/A |
NXDT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 15.1%+33.9pp | -18.8%+0.3pp | -19.1%-18.4pp | -0.6%-19.7pp | 19.0%+15.4pp | 3.6%+30.4pp | -26.8%-29.4pp | 2.7% |
| Net Margin | -100.4%+83.2pp | -183.6%-105.2pp | -78.4%+136.7pp | -215.1%-97.1pp | -118.0%-63.8pp | -54.2%-9.0pp | -45.2%-1.3pp | -43.9% |
| Return on Equity | -3.4%+1.4pp | -4.8%-3.0pp | -1.8%+4.2pp | -6.0%-1.7pp | -4.3%-2.6pp | -1.7%-0.5pp | -1.2%-0.1pp | -1.1% |
| Return on Assets | -2.2%+0.9pp | -3.1%-1.9pp | -1.2%+2.8pp | -4.1%-1.2pp | -2.9%-1.8pp | -1.1%-0.3pp | -0.8%-0.0pp | -0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.48-0.0 | 0.51+0.0 | 0.48+0.0 | 0.470.0 | 0.480.0 | 0.470.0 | 0.47+0.0 | 0.45 |
| 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 Diversified Real Estate Trust's annual revenue?
Nexpoint Diversified Real Estate Trust (NXDT) reported $86.0M in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nexpoint Diversified Real Estate Trust's revenue growing?
Nexpoint Diversified Real Estate Trust (NXDT) revenue grew by 3.3% year-over-year, from $83.2M to $86.0M in fiscal year 2025.
Is Nexpoint Diversified Real Estate Trust profitable?
No, Nexpoint Diversified Real Estate Trust (NXDT) reported a net income of -$127.0M in fiscal year 2025, with a net profit margin of -147.8%.
What is Nexpoint Diversified Real Estate Trust's EBITDA?
Nexpoint Diversified Real Estate Trust (NXDT) had EBITDA of $16.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nexpoint Diversified Real Estate Trust's operating margin?
Nexpoint Diversified Real Estate Trust (NXDT) had an operating margin of -1.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Nexpoint Diversified Real Estate Trust's net profit margin?
Nexpoint Diversified Real Estate Trust (NXDT) had a net profit margin of -147.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Nexpoint Diversified Real Estate Trust pay dividends?
Yes, Nexpoint Diversified Real Estate Trust (NXDT) paid $0.60 per share in dividends during fiscal year 2025.
What is Nexpoint Diversified Real Estate Trust's return on equity (ROE)?
Nexpoint Diversified Real Estate Trust (NXDT) has a return on equity of -18.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nexpoint Diversified Real Estate Trust's operating cash flow?
Nexpoint Diversified Real Estate Trust (NXDT) generated $9.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nexpoint Diversified Real Estate Trust's total assets?
Nexpoint Diversified Real Estate Trust (NXDT) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Nexpoint Diversified Real Estate Trust's debt-to-equity ratio?
Nexpoint Diversified Real Estate Trust (NXDT) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nexpoint Diversified Real Estate Trust's return on assets (ROA)?
Nexpoint Diversified Real Estate Trust (NXDT) had a return on assets of -11.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nexpoint Diversified Real Estate Trust's Piotroski F-Score?
Nexpoint Diversified Real Estate Trust (NXDT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nexpoint Diversified Real Estate Trust's earnings high quality?
Nexpoint Diversified Real Estate Trust (NXDT) has an earnings quality ratio of -0.07x, considered mixed quality. 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.
Can Nexpoint Diversified Real Estate Trust cover its interest payments?
Nexpoint Diversified Real Estate Trust (NXDT) has an interest coverage ratio of -0.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Nexpoint Diversified Real Estate Trust?
Nexpoint Diversified Real Estate Trust (NXDT) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.