NexPoint Real Estate Finance, Inc. (NREF)

NREF Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	151.3	157.29	73.09	42.09	40.38	97.37
Revenue Growth	24.45%	115.19%	73.65%	4.24%	-58.53%	124.26%
Operating Income Operating Income Growth	115.13	123.6	36.45	18.74	14.2	83.47
Net Income Net Income Growth	62.35	75.68	17.69	10.4	3.23	39.58
Earnings Per Share EPS Growth	2.24	2.85	1.02	0.60	0.22	3.93
EPS Growth	-13.41%	180.12%	69.45%	172.73%	-94.40%	125.83%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	6.38	31.11	3.88	13.82	20.05	26.46
Total Debt Total Debt Growth	4,476	4,462	4,825	6,558	7,595	7,999
Net Cash (Debt) Net Cash Growth	-4,470	-4,431	-4,821	-6,544	-7,575	-7,973
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-90.05	-105.47	-277.04	-380.51	-515.79	-391.48

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	6.92	22.92	29.28	31.56	65.8	49.3
Free Cash Flow Free Cash Flow Growth	6.92	22.92	29.28	31.56	65.8	49.3
Free Cash Flow Growth	-82.00%	-21.75%	-7.20%	-52.04%	33.48%	49.83%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	76.09%	78.58%	49.87%	44.52%	35.16%	85.73%
Pretax Margin	75.91%	78.29%	49.20%	44.52%	35.20%	85.73%
Profit Margin	41.21%	48.11%	24.21%	24.71%	8.01%	40.65%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 1, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	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	11.53%	15.20%	15.55%	17.65%	20.71%	17.93%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 1, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	7.73	3.30	15.48	26.10	83.92	4.72
Forward PE	9.96	7.36	6.38	8.33	7.87	7.87
PS Ratio	2.62	1.59	3.75	6.45	6.72	1.92

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

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