NexPoint Real Estate Finance, Inc. (NREF)

NYSE: NREF · Real-Time Price · USD

16.63

-0.48 (-2.81%)

Aug 11, 2026, 4:00 PM EDT - Market closed

NREF Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	140.21	156.83	72.6	42.09	40.39	97.37
Revenue Growth	15.79%	116.01%	72.50%	4.20%	-58.51%	124.26%
Net Income	63.39	75.68	17.69	10.4	5.73	39.58
Earnings Per Share	2.37	2.85	1.02	0.60	0.22	3.93
EPS Growth	-1.66%	179.41%	70.00%	172.73%	-94.40%	125.86%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	138.23	34.35	7.05	16.65	20.35	33.23
Total Debt	3,844	4,028	4,346	5,605	6,576	6,927
Net Cash (Debt)	-3,705	-3,993	-4,339	-5,588	-6,556	-6,894
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-74.83	-95.05	-249.32	-324.93	-291.69	-338.48

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	16.28	22.92	29.28	31.56	65.8	49.3
Capital Expenditures	-1.58	-1.45	-0.9	-0.53	-184.67	-29.79
Free Cash Flow	14.7	21.47	28.38	31.03	-118.87	19.51
Free Cash Flow Growth	-44.77%	-24.36%	-8.53%	-	-	-40.71%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	88.52%	78.52%	49.53%	44.52%	35.19%	85.73%
Profit Margin	81.91%	78.52%	49.53%	44.52%	35.19%	85.73%
FCF Margin	0.00%	13.69%	39.09%	73.72%	-294.27%	20.04%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	2.000	2.000	2.000	2.000	2.000	1.900
Dividend Per Share Growth	0%	0%	0%	0%	5.26%	33.82%
Dividend Yield	12.03%	14.21%	12.76%	17.70%	12.71%	11.15%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	7.47	4.94	15.38	26.25	72.23	4.90
Forward PE	9.55	7.36	6.38	8.33	7.87	7.87
P/FCF Ratio	26.06	12.18	9.65	8.75	-	9.04
PS Ratio	2.53	1.67	3.77	6.45	6.72	1.81