NexPoint Real Estate Finance, Inc. (NREF)

NYSE: NREF · Real-Time Price · USD

15.57

-0.04 (-0.26%)

Oct 26, 2026, 3:18 PM EDT - Market open

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	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	115.13	123.6	36.45	18.74	14.2	83.47
Net Income	62.35	75.68	17.69	10.4	3.23	39.58
Earnings Per Share	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

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	6.38	31.11	3.88	13.82	20.05	26.46
Total Debt	4,476	4,462	4,825	6,558	7,595	7,999
Net Cash (Debt)	-4,470	-4,431	-4,821	-6,544	-7,575	-7,973
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-90.05	-105.47	-277.04	-380.51	-515.79	-391.48

Cash Flow & CapEx

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
Operating Cash Flow	6.92	22.92	29.28	31.56	65.8	49.3
Free Cash Flow	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

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
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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 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	12.80%	14.89%	12.75%	12.70%	12.59%	9.33%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 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	6.94	3.30	15.48	26.10	83.92	4.72
Forward PE	9.04	7.36	6.38	8.33	7.87	7.87
PS Ratio	2.39	1.59	3.75	6.45	6.72	1.92