NexPoint Real Estate Finance, Inc.
NREF- Exchange
- NYSE
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001786248
No open-market purchases or sales by NexPoint Real Estate Finance, Inc. insiders were filed in the last 90 days; 78 institutions reported holding it in 13F filings for Q2 2026, worth $199.9M in total; no superinvestor holds it.
Other share classesNREF.PA
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:18 PM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 29, 2024 | Feb 23, 2023 | Feb 17, 2022 |
| Revenue | – | – | $68.4M | $78.0M | $55.8M |
| Operating expenses | $33.7M | $36.6M | $23.4M | $26.2M | $13.8M |
| Selling, general and administrative | $12.7M | $12.8M | $9.20M | $7.24M | $6.37M |
| Interest expense | – | – | $51.6M | $40.3M | $29.8M |
| Net income | $123.1M | $36.0M | $18.7M | $14.2M | $83.5M |
| EPS, basic | $4.28 | $1.02 | $0.60 | $0.22 | $6.00 |
| EPS, diluted | $2.85 | $1.02 | $0.60 | $0.22 | $3.93 |
| Weighted shares, basic | 17.7M | 17.4M | 17.2M | 14.7M | 6.60M |
| Weighted shares, diluted | 42.0M | 17.4M | 17.2M | 14.7M | 20.4M |
| Margins and growth | |||||
| Net margin | – | – | 27.4% | 18.2% | 149.5% |
| Revenue growth, year over year | – | – | −12.3% | +39.7% | +43.2% |
| Net income growth, year over year | +242.4% | +91.9% | +31.8% | −83.0% | +144.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024! | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 29, 2024 | Feb 23, 2023 | Feb 17, 2022 |
| Cash and equivalents | $31.1M | $3.88M | $13.8M | $20.0M | $26.5M |
| Total assets | $5.32B | $5.42B | $7.02B | $8.15B | $8.51B |
| Long-term debt | $771.2M | $799.3M | $1.27B | $1.35B | $1.28B |
| Total liabilities | $4.49B | $4.84B | $6.57B | $7.61B | $8.01B |
| Shareholders' equity | $388.0M | $336.5M | $347.4M | $448.5M | $245.3M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 29, 2024 | Feb 23, 2023 | Feb 17, 2022 |
| Operating cash flow | $22.9M | $29.3M | $31.6M | $65.8M | $49.3M |
| Depreciation and amortization | $2.94M | $5.61M | $2.46M | $2.90M | – |
| Stock-based compensation | $5.99M | $6.07M | $4.41M | $3.29M | $2.02M |
| Dividends paid | $35.3M | $34.8M | $48.0M | $29.7M | $14.2M |
| Share buybacks | – | – | – | $0 | $0 |
| Investing cash flow | $321.5M | $956.5M | $741.3M | $950.6M | $517.9M |
| Financing cash flow | -$317.2M | -$995.4M | -$776.6M | -$1.03B | -$567.4M |
| Net change in cash | $27.3M | -$9.60M | -$3.70M | -$12.9M | -$239.0K |
| Ratio | |||||
| Stock-based compensation, % of revenue | – | – | 6.5% | 4.2% | 3.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 12, 2026 | 18.8M | +6.4% | SEC |
| May 14, 2026 | 18.8M | +6.4% | SEC |
| Mar 31, 2026 | 18.7M | +5.9% | SEC |
| Nov 12, 2025 | 17.7M | +1.5% | SEC |
| Aug 6, 2025 | 17.7M | +1.5% | SEC |
| May 8, 2025 | 17.7M | 0.0% | SEC |
| Mar 21, 2025 | 17.6M | +0.3% | SEC |
| Nov 6, 2024 | 17.5M | +1.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.