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	124.98	109.65	44.47	25.29	2.66	71.31
Non-Interest Income Growth	115.46%	146.59%	75.81%	850.47%	-96.27%	176.92%
Revenues Before Loan Losses	175.94	156.83	72.6	42.09	40.39	97.37
Revenue	175.94	156.83	72.6	42.09	40.39	97.37
Revenue Growth (YoY)	59.28%	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	140.54	123.14	35.96	18.74	14.21	83.47
Net Income	119.81	123.14	35.96	18.74	14.21	83.47
Minority Interest in Earnings	16.25	18.05	6.77	4.77	4.97	40.39
Net Income Attributable to Preferred Dividends	34.37	29.42	11.5	3.58	3.51	3.51
Net Income to Common	69.2	75.68	17.69	10.4	5.73	39.58
Net Income Growth	42.68%	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%
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	68.10%	78.52%	49.53%	44.52%	35.19%	85.73%
FCF Margin	8.35%	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	3.24%	1.95%	20.54%	9.13%	25.92%	6.75%

SEC Filings: 10-K · 10-Q