NREF Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Net Interest Income	50.97	47.18	28.14	16.8	37.73	26.06
Net Interest Income Growth	-2.85%	67.67%	67.50%	-55.48%	44.82%	47.49%
Non-Interest Income	104.25	109.65	44.47	25.29	2.66	71.31
Non-Interest Income Growth	79.73%	146.59%	75.81%	850.47%	-96.27%	176.92%
Revenues Before Loan Losses	155.22	156.83	72.6	42.09	40.39	97.37
Revenue	155.22	156.83	72.6	42.09	40.39	97.37
Revenue Growth (YoY)	40.51%	116.01%	72.50%	4.20%	-58.51%	124.26%
Selling, General & Admin	13.41	12.65	12.81	9.2	7.24	6.37
Other Non-Interest Expenses	21.99	21.03	23.83	14.15	18.94	7.53
Total Non-Interest Expense	35.4	33.69	36.64	23.35	26.18	13.9
Pretax Income	119.81	123.14	35.96	18.74	14.21	83.47
Net Income	69.21	75.68	17.69	10.4	5.73	39.58
Minority Interest in Earnings	16.25	18.05	6.77	4.77	4.97	40.39
Net Income Attributable to Preferred Dividends	34.35	29.42	11.5	3.58	3.51	3.51
Net Income to Common	69.21	75.68	17.69	10.4	5.73	39.58
Net Income Growth	42.71%	327.72%	70.14%	81.39%	-85.51%	256.58%
Shares Outstanding (Basic)	18	18	17	17	15	7
Shares Outstanding (Diluted)	46	42	17	17	22	20
Shares Change (YoY)	43.57%	141.41%	1.18%	-23.47%	10.36%	9.21%
EPS (Basic)	3.73	4.28	1.02	0.60	0.22	6.00
EPS (Diluted)	2.62	2.85	1.02	0.60	0.22	3.93
EPS Growth	15.42%	179.41%	70.00%	172.73%	-94.40%	125.86%
Shares Outstanding	18.69	18.57	17.46	17.23	17.08	9.16
Free Cash Flow	14.7	21.47	28.38	31.03	-118.87	19.51
Free Cash Flow Growth	-31.54%	-24.36%	-8.53%	-	-	-40.71%
Free Cash Flow Per Share	0.32	0.51	1.63	1.80	-5.29	0.96
Dividends Per Share	2.000	2.000	2.000	2.000	2.000	1.900
Dividend Growth	-	-	-	-	5.26%	33.82%
Profit Margin	77.19%	78.52%	49.53%	44.52%	35.19%	85.73%
FCF Margin	9.47%	13.69%	39.09%	73.72%	-294.27%	20.04%
EBITDA	5.7	3.05	14.92	3.84	10.47	6.57
EBITDA Margin	3.67%	1.95%	20.54%	9.13%	25.92%	6.75%

Updated May 15, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q