InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

NexPoint Real Estate Finance, Inc.

NREF Clue Score36
United States Fiscal year ends December CIK 0001786248
$15.38 -1.28% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $15.38 −23.33% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 7 Feb 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2020Net income34.2EPS, diluted1.74Fiscal year 2021Net income83.5 +144.3%EPS, diluted3.93Fiscal year 2022Net income14.2 −83.0%EPS, diluted0.22Fiscal year 2023Net income18.7 +31.8%EPS, diluted0.60Fiscal year 2024Net income36.0 +91.9%EPS, diluted1.02Fiscal year 2025Net income123.1 +242.4%EPS, diluted2.85
FY2020FY2021FY2022FY2023FY2024FY2025
Net income 34.2 83.5 14.2 18.7 36.0 123.1
Growth +144.3% −83.0% +31.8% +91.9% +242.4%
EPS, diluted 1.74 3.93 0.22 0.60 1.02 2.85

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2020Operating cash flow32.9Buybacks−4.8Dividends paid−7.4Fiscal year 2021Operating cash flow49.3Buybacks0.0Dividends paid−14.2Fiscal year 2022Operating cash flow65.8Buybacks0.0Dividends paid−29.7Fiscal year 2023Operating cash flow31.6Dividends paid−48.0Fiscal year 2024Operating cash flow29.3Dividends paid−34.8Fiscal year 2025Operating cash flow22.9Dividends paid−35.3
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 32.9 49.3 65.8 31.6 29.3 22.9
Buybacks −4.8 0.0 0.0 n/a n/a n/a
Dividends paid −7.4 −14.2 −29.7 −48.0 −34.8 −35.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash30.2Total debt1,038.4Net cash (debt)−1,008.2Shareholders’ equity128.2Debt to equity8.10Fiscal year 2021Cash26.5Total debt1,276.5Net cash (debt)−1,250.1Shareholders’ equity245.3Debt to equity5.20Fiscal year 2022Cash20.0Total debt1,349.0Net cash (debt)−1,329.0Shareholders’ equity448.5Debt to equity3.01Fiscal year 2023Cash13.8Total debt1,271.9Net cash (debt)−1,258.1Shareholders’ equity347.4Debt to equity3.66Fiscal year 2024Cash3.9Total debt799.3Net cash (debt)−795.4Shareholders’ equity336.5Debt to equity2.38Fiscal year 2025Cash31.1Total debt771.2Net cash (debt)−740.1Shareholders’ equity388.0Debt to equity1.99
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 30.2 26.5 20.0 13.8 3.9 31.1
Total debt 1,038.4 1,276.5 1,349.0 1,271.9 799.3 771.2
Net cash (debt) −1,008.2 −1,250.1 −1,329.0 −1,258.1 −795.4 −740.1
Shareholders’ equity 128.2 245.3 448.5 347.4 336.5 388.0
Debt to equity 8.10 5.20 3.01 3.66 2.38 1.99

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
3.4 6.4 7.2 9.2 12.8 12.7
34.2 83.5 14.2 18.7 36.0 123.1
Growth +144.3% −83.0% +31.8% +91.9% +242.4%
Per share
2.13 6.00 0.22 0.60 1.02 4.28
1.74 3.93 0.22 0.60 1.02 2.85
Growth +125.9% −94.4% +172.7% +70.0% +179.4%
5.2 6.6 14.7 17.2 17.4 17.7
18.6 20.4 14.7 17.2 17.4 42.0
Growth +9.2% −27.9% +17.1% +1.2% +141.4%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Profitable in every one of the 6 years on file.