NexPoint Real Estate Finance, Inc. (NREF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 33.79M | 33.7M | 32.48M | 47.58M | 40.99M | 37.92M | 34.28M | 19.74M | 18.38M | 27.09M | -10.85M | 6.51M | 1.33M | 319K | -1.78M | 6.98M | 18.18M | 24.51M | 6.97M | 6.6M |
| Revenue Growth % | -17.57% | -11.14% | -5.25% | 141.03% | 123.03% | 39.99% | 415.82% | 203.26% | 1283.96% | 8392.16% | -509.38% | -6.71% | -92.69% | -98.7% | -125.55% | 5.76% | 178.82% | 267.42% | 63.89% | 19.53% |
| Property Operating Expenses | 5.37M | 3.59M | 3.39M | 16.05M | 14.16M | 2.53M | 2.48M | 350K | 567K | 2.88M | 2.82M | 2.84M | 2.82M | 2.34M | 3.02M | 2.81M | 2.81M | 1.24M | 1.88M | 1.8M |
| Net Operating Income (NOI) | 28.43M | 30.11M | 29.09M | 31.52M | 26.83M | 35.39M | 31.79M | 19.39M | 17.81M | 24.21M | -10.85M | 3.67M | -1.5M | -2.02M | -1.78M | 4.17M | 15.36M | 23.28M | 5.09M | 4.8M |
| NOI Margin % | 84.12% | 89.36% | 89.56% | 66.26% | 65.46% | 93.32% | 92.76% | 98.23% | 96.91% | 89.38% | 100% | 56.35% | -112.58% | -632.29% | 100% | 59.78% | 84.52% | 94.95% | 73.06% | 72.76% |
| Operating Expenses | -3.31M | -3.23M | -30.53M | 9.25M | 870K | 4.38M | 3.2M | 4.08M | 5.02M | 2.96M | -10.85M | 6.51M | 1.33M | -7.93M | -1.78M | 3.73M | 3.63M | 2.27M | 3.35M | 3.61M |
| G&A Expenses | 3.27M | 3M | 5.15M | 3.76M | 2.51M | 4.38M | 3.2M | 4.08M | 5.02M | 2.96M | 2.52M | 2.38M | 2.15M | 1.94M | 1.68M | 2.65M | 2.49M | 2.27M | 1.48M | 2.33M |
| EBITDA | 33.16M | 33.97M | 60.23M | 22.89M | 27.04M | 26.95M | 36.75M | 12.4M | 14.29M | 32.03M | -1.7M | 22.94M | 22.07M | 1.47M | 1.86M | 29.77M | 32.58M | 36.78M | 32.98M | 19.84M |
| EBITDA Margin % | 98.14% | 100.81% | 185.47% | 48.1% | 65.97% | 71.07% | 107.23% | 62.8% | 77.73% | 118.22% | 15.68% | 352.4% | 1661.6% | 461.76% | -104.66% | 426.75% | 179.26% | 150.02% | 473.05% | 300.79% |
| Depreciation & Amortization | 1.43M | 631K | 620K | 614K | 1.08M | 1.11M | 1.1M | 1.08M | 2.32M | 1.03M | 476K | 478K | 476K | 460K | 545K | 946K | 944K | 15.77M | 0 | 0 |
| D&A / Revenue % | 4.22% | 1.87% | 1.91% | 1.29% | 2.63% | 2.94% | 3.21% | 5.48% | 12.61% | 3.82% | -4.39% | 7.34% | 35.84% | 144.2% | -30.6% | 13.56% | 5.19% | 64.33% | 0% | 0% |
| Operating Income | 31.73M | 33.34M | 59.61M | 22.27M | 25.96M | 25.84M | 35.65M | 11.31M | 11.97M | 30.99M | -2.18M | 22.46M | 21.59M | 1.01M | 1.32M | 28.83M | 31.64M | 21.01M | 32.98M | 12.25M |
| Operating Margin % | 93.92% | 98.94% | 183.56% | 46.81% | 63.34% | 68.13% | 104.02% | 57.32% | 65.12% | 114.4% | 20.07% | 345.06% | 1625.75% | 317.55% | -74.06% | 413.19% | 174.06% | 85.69% | 473.05% | 185.75% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 3.47x | 3.16x | 5.91x | 2.07x | 2.46x | 2.44x | 3.23x | 2.15x | 1.06x | 2.37x | -0.04x | -0.04x | -0.04x | -0.04x | -0.05x | 1.98x | 3.15x | 2.66x | 4.23x | 2.61x |
| Non-Operating Income | -53K | -1.82M | -1.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 476K | 478K | 476K | 460K | 545K | 0 | 0 | 21.01M | -7.79M | -7.59M |
| Pretax Income | 22.63M | 24.05M | 50.86M | 22.27M | 25.96M | 15.16M | 23.33M | 12.11M | -14.64M | 17.93M | -17.05M | 8.48M | 9.38M | -4.28M | -9.36M | 8.45M | 18.74M | 20.96M | 25.19M | 12.25M |
| Pretax Margin % | 66.98% | 71.36% | 156.61% | 46.81% | 63.34% | 39.97% | 68.07% | 61.37% | -79.66% | 66.21% | 157.1% | 130.24% | 706.17% | -1342.32% | 525.72% | 121.16% | 103.09% | 85.49% | 361.32% | 185.75% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.11M | 8.82M | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 107.74% | 47.06% | 0% | 0% | 0% |
| Net Income | 20.27M | 21.39M | 43.08M | 18.83M | 21.8M | 12.71M | 19.39M | 9.84M | -12.75M | 14.59M | -14.68M | 6.62M | 7.44M | -5.77M | -8.41M | 4.73M | 13.79M | 13.32M | 14.11M | 6.42M |
| Net Margin % | 59.98% | 63.46% | 132.65% | 39.59% | 53.18% | 33.51% | 56.58% | 49.85% | -69.36% | 53.85% | 135.23% | 101.72% | 560.32% | -1808.15% | 472.49% | 67.82% | 75.89% | 54.32% | 202.34% | 97.32% |
| Net Income Growth % | -7.03% | 68.28% | 122.14% | 91.42% | 271.01% | -12.89% | 232.14% | 48.6% | -271.31% | 352.93% | -74.4% | 39.92% | -46.06% | -143.31% | -159.65% | -26.29% | 49.27% | 30.64% | 277.6% | 21.82% |
| Funds From Operations (FFO) | 21.69M | 22.02M | 43.7M | 19.45M | 22.88M | 13.82M | 20.49M | 10.92M | -10.43M | 15.62M | -14.2M | 7.1M | 7.92M | -5.31M | -7.87M | 5.68M | 14.74M | 29.09M | 14.11M | 6.42M |
| FFO Margin % | 64.2% | 65.33% | 134.56% | 40.88% | 55.81% | 36.45% | 59.79% | 55.33% | -56.74% | 57.67% | 130.84% | 109.06% | 596.16% | -1663.95% | 441.89% | 81.38% | 81.08% | 118.65% | 202.34% | 97.32% |
| FFO Growth % | -5.18% | 59.28% | 113.25% | 78.08% | 319.37% | -11.53% | 244.31% | 53.84% | -231.73% | 394.35% | -80.43% | 25.03% | -46.28% | -118.25% | - | - | 25.36% | 87.81% | - | - |
| FFO per Share | 0.42 | 0.45 | 1.00 | 0.49 | 0.63 | 0.41 | 0.67 | 0.39 | -0.60 | 0.91 | -0.82 | 0.31 | 0.35 | -0.35 | -0.35 | 0.25 | 0.67 | 1.33 | 0.68 | 0.33 |
| FFO Payout Ratio % | 56.81% | 81.46% | 19.13% | 45.54% | 38.34% | 69.9% | 38.06% | 79.95% | -82.97% | 80.46% | -83.13% | 166.28% | 148.68% | -141.13% | -95.17% | 131.63% | 48.83% | 14.97% | 30.85% | 47.87% |
| EPS (Diluted) | 0.42 | 0.48 | 1.14 | 0.54 | 0.70 | 0.25 | 0.64 | 0.40 | -0.83 | 0.79 | -0.90 | 0.33 | 0.38 | 2.41 | -0.62 | -0.03 | 0.78 | 0.92 | 1.17 | 0.58 |
| EPS Growth % | -40% | 92% | 78.13% | 35% | 184.34% | -68.35% | 171.11% | 21.21% | -318.42% | -67.22% | -45.16% | 1234.02% | -51.28% | 161.96% | -152.99% | -105.02% | -38.1% | -90.8% | 125% | -42% |
| EPS (Basic) | 0.54 | 0.77 | 1.98 | 0.69 | 0.94 | 0.48 | 1.11 | 0.43 | -0.83 | 0.79 | -0.90 | 0.33 | 0.38 | 2.41 | -0.85 | -0.03 | 0.90 | 1.36 | 1.93 | 1.04 |
| Diluted Shares Outstanding | 51.46M | 48.77M | 43.85M | 39.46M | 36.05M | 33.53M | 30.47M | 27.79M | 17.26M | 17.23M | 17.23M | 23.08M | 22.68M | 15.16M | 22.68M | 22.49M | 22.03M | 21.91M | 20.72M | 19.6M |