NexPoint Real Estate Finance, Inc. (NREF)

NREF Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	119.81	123.14	35.96	18.74	14.21	83.47
Depreciation & Amortization	5.7	3.05	14.92	3.84	10.47	6.57
Provision for Credit Losses	32.36	38.97	-0.72	4.3	0.17	0.19
Stock-Based Compensation	6.11	5.99	6.07	4.41	3.29	2.02
Other Adjustments	-136	-129.76	-15.26	6.79	45.12	-43.34
Changes in Accrued Interest and Accounts Receivable	-16.21	-21.56	-14.55	-4.67	-10.68	-2.89
Changes in Accounts Payable	3.94	3.78	1.81	0.34	2.91	1.67
Changes in Accrued Expenses	0.56	-0.69	1.06	-2.19	0.31	1.59
Operating Cash Flow	16.28	22.92	29.28	31.56	65.8	49.3
Operating Cash Flow Growth	-41.05%	-21.75%	-7.20%	-52.04%	33.48%	49.83%
Net Change in Loans Held-for-Investment	375.21	422.57	873.57	722.52	1,292	787.38
Net Change in Securities and Investments	-95.83	-156.73	83.87	22.52	-156.63	-239.71
Capital Expenditures	-1.58	-1.45	-0.9	-0.53	-184.67	-29.79
Sale of Property, Plant & Equipment	-	56.35	-	-	-	-
Other Investing Activities	-	0.8	-	-3.18	-	-
Investing Cash Flow	334.96	321.54	956.54	741.34	950.58	517.88
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-19.09	14.58	-60.06	-27.51	44.7	124.86
Long-Term Debt Issued	19.14	65.25	146.41	13.97	185.31	152.81
Long-Term Debt Repaid	-503.4	-536.22	-1,165	-707.25	-1,290	-855.74
Net Long-Term Debt Issued (Repaid)	-484.27	-470.97	-1,018	-693.27	-1,105	-702.93
Issuance of Common Stock	-	-	-	-	167.99	83.19
Repurchase of Common Stock	-0.95	-1.56	-1.15	-0.8	-156.99	-32.72
Net Common Stock Issued (Repurchased)	-0.95	-1.56	-1.15	-0.8	11	50.47
Issuance of Preferred Stock	187.17	212.61	140.45	8.6	-	0.1
Net Preferred Stock Issued (Repurchased)	187.17	212.61	140.45	8.6	-	0.1
Common Dividends Paid	-38.9	-35.35	-34.85	-47.95	-29.65	-14.16
Preferred Share Dividends Paid	-28.18	-26.39	-11.5	-3.58	-17.79	-3.51
Other Financing Activities	-9.65	-10.08	-10.08	-12.09	134.51	-22.24
Financing Cash Flow	-349.47	-317.16	-995.42	-776.6	-1,029	-567.42
Net Cash Flow	1.76	27.3	-9.6	-3.7	-12.89	-0.24
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%
FCF Margin	9.47%	13.69%	39.09%	73.72%	-294.27%	20.04%
Free Cash Flow Per Share	0.32	0.51	1.63	1.80	-5.29	0.96
Levered Free Cash Flow	-422.64	-412.17	-998.2	-686.08	-1,281	-686.19
Unlevered Free Cash Flow	-7.59	-16.87	2.33	-3.21	-181.65	-22.84

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

SEC Filings: 10-K · 10-Q