NREF
Nexpoint Real Estate Finance Inc
NYSE: NREF · REAL ESTATE · REIT - MORTGAGE
$15.51
+1.51% today
Updated 2026-05-06
Market cap
$349.50M
P/E ratio
5.36
P/S ratio
2.25x
EPS (TTM)
$2.85
Dividend yield
13.50%
52W range
$12 – $16
Volume
0.1M
Nexpoint Real Estate Finance Inc (NREF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50M | $3.88M | $34.27M | $18.28M | $19.49M | $44.55M | $40.38M | $42.09M | $110.32M | $126.13M |
| Revenue growth (YoY) | — | +158.2% | +782.2% | -46.7% | +6.6% | +128.6% | -9.4% | +4.2% | +162.1% | +14.3% |
| Cost of revenue | $600000.00 | $1.46M | $11.07M | $24.35M | $5.87M | $7.47M | $4.39M | $4.19M | $11.06M | $14.03M |
| Gross profit | $904000.00 | $2.43M | $23.19M | $18.28M | $19.49M | $44.55M | $35.99M | $37.90M | $99.25M | $112.10M |
| Gross margin | 60.1% | 62.5% | 67.7% | 100.0% | 100.0% | 100.0% | 89.1% | 90.1% | 90.0% | 88.9% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $414000.00 | $1.50M | $3.80M | — | $4.93M | $8.67M | $7.24M | $8.07M | $12.81M | $12.65M |
| Operating income | $-1.23M | $-721000.00 | $19.39M | $18.28M | $12.85M | $43.09M | $25.59M | $25.42M | $84.77M | $163.63M |
| Operating margin | -82.0% | -18.6% | 56.6% | 100.0% | 65.9% | 96.7% | 63.4% | 60.4% | 76.8% | 129.7% |
| EBITDA | $-53000.00 | $1.61M | $19.39M | $18.28M | $59.91M | $32.47M | $57.35M | $-6.55M | $90.39M | $168.86M |
| EBITDA margin | -3.5% | 41.4% | 56.6% | 100.0% | 307.4% | 72.9% | 142.0% | -15.6% | 81.9% | 133.9% |
| EBIT | $-1.38M | $6000.00 | $38.78M | $18.28M | $12.85M | $43.09M | $54.45M | $40.35M | $84.77M | $165.91M |
| Interest expense | $429000.00 | $1.51M | $0.00 | $19.56M | $21.31M | $29.77M | $40.26M | $51.56M | $44.37M | $42.77M |
| Income tax | $429000.00 | $1.51M | — | $28.87M | $21.32M | $40.39M | $-43.49M | $4.76M | $18.27M | — |
| Effective tax rate | -32.1% | 18887.5% | 0.0% | 100.0% | 62.4% | 48.4% | 118.4% | 25.4% | 38.5% | 0.0% |
| Net income | $-1.76M | $-1.50M | $19.39M | $0.00 | $12.85M | $43.09M | $6.75M | $13.97M | $29.19M | $105.10M |
| Net income growth (YoY) | — | +14.8% | +1390.2% | -100.0% | — | +235.4% | -84.3% | +107.2% | +108.9% | +260.0% |
| Profit margin | -117.3% | -38.7% | 56.6% | 0.0% | 65.9% | 96.7% | 16.7% | 33.2% | 26.5% | 83.3% |