# NexPoint Real Estate Finance share price today (NexPoint Real Estate Finance, Inc., NREF)

> NexPoint Real Estate Finance, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NREF · Real Estate · REIT - Mortgage · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/nref

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $14.43 (+10.7% in a year)
- P/E: 6.4× (higher than 64% of the last 1 year)
- Revenue (Jun 2026): $27.3 M (−13.7% on a year ago)
- Profit (Jun 2026): $5.4 M (−55.8% on a year ago)
- Operating margin: 63.3% (−7.4 points on a year ago)
- ROE: 9%, FY25
- Profit that came in as cash: 81%, last 3 years

The main question: yearly earnings per share moved +180.1% while the share price moved +10.7%. ## What is the NexPoint Real Estate Finance share price today? NexPoint Real Estate Finance, Inc.'s share price was $14.43 at the close on 3 November 2026. That is 6.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $13 and $18, and at that close it sat 29% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 7 weeks running. Over the last 1 year the share price moved +4% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does NexPoint Real Estate Finance pay? NexPoint Real Estate Finance, Inc. paid $2.00 per share over the last four reported quarters. The most recent declaration was $0.50 for Jun 2026. At today's price of $14.43 that is a yield of 13.86%, based on dividends already paid, not a forecast. ## Which stock lists is NexPoint Real Estate Finance on? NexPoint Real Estate Finance is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is NexPoint Real Estate Finance profitable? NexPoint Real Estate Finance, Inc. earned $5.4 M of net profit in the Jun 2026 quarter, −55.8% on the same quarter a year earlier. Full-year FY25 profit was $75.7 M. Over 4 years profit has grown 17.6% a year on average. That is 19.9% of the quarter's revenue. The same quarter a year earlier earned $12.3 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $75.7 M (+327.7% on the year before). Why profit moved: revenue changed −13.7% on a year earlier and the margin moved −7.4 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +16.0% and revenue +25.2%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does NexPoint Real Estate Finance make, and is it growing? NexPoint Real Estate Finance, Inc. reported $27.3 M of revenue in the Jun 2026 quarter, −13.7% on the same quarter a year earlier. Over 4 years it has grown 12.7% a year on average. The last full year, FY25, came in at $157 M. The last four reported quarters add to $151 M. FY25 revenue was $157 M, +115.2% on the year before. Recent pace: the last four quarters grew +25.2% on average, against 12.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +24.4%, against +120.6% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does NexPoint Real Estate Finance keep? NexPoint Real Estate Finance, Inc.'s operating margin was 63.3% in the Jun 2026 quarter, 7.4 percentage points lower than the same quarter a year ago. Across 5 years it has been between 35.2% and 85.7%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is NexPoint Real Estate Finance's profit turning into cash? Over the last 3 years, 81% of NexPoint Real Estate Finance, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $22.9 M of operating cash against $75.7 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does NexPoint Real Estate Finance's cash go? NexPoint Real Estate Finance, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is NexPoint Real Estate Finance's P/E ratio, and how does it compare with its own history? NexPoint Real Estate Finance, Inc.'s P/E is 6.4×, in the middle of its own history: higher than 64% of past readings. Its usual P/E (the middle reading) is 6.0×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +180.1% while the price moved +10.7%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the NexPoint Real Estate Finance business getting better or worse? NexPoint Real Estate Finance, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 2.2%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does NexPoint Real Estate Finance earn on its capital? NexPoint Real Estate Finance, Inc. earned a ROE of 9% in FY25. That is up from a low of 1% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 48.1% net margin and 0.03× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 48.1% net margin × 0.03× asset turnover × 6.40× leverage (assets divided by equity) ≈ 9.2% on equity. The margin does most of the work; borrowing is a big part of it. ## Does NexPoint Real Estate Finance have too much debt? NexPoint Real Estate Finance, Inc. has total debt of $4.5 B against shareholder equity of $862 M as of Jun 2026, so its debt is 5.19× its equity. Year by year, that ratio went from 15.79 in FY21 to 5.36 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the NexPoint Real Estate Finance shareholding pattern? 4.4% of NexPoint Real Estate Finance, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 7.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is NexPoint Real Estate Finance from balance-sheet trouble? For NexPoint Real Estate Finance, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NexPoint Real Estate Finance rank in its industry? 68.2 out of 100, rank 2 of 25 in REIT - Mortgage, with 76% of the evidence available. NexPoint Real Estate Finance, Inc. scores 68.2 out of 100 against the 25 companies it is compared with in REIT - Mortgage, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.6 + 16.6 + 16.5 + 14.5 = 68.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is NexPoint Real Estate Finance compared with? NexPoint Real Estate Finance ranks 2 of 25 REIT - Mortgage companies on the 4-Factor Sector Score, with 68.2 out of 100. 1. [Ellington Financial Inc.](https://www.sectoralpha.in/us/stocks/efc) EFC · basing · Most evidence points up · 76% evidence 77.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.1/35 · Income 36.4% · Profit 71.7% · 71% evidence Capital efficiency 19.3/25 · ROA 2.2% · ROE 22.5% · GNPA n/a · 68% evidence Valuation 14.6/20 · P/BV 0.85× · P/BV÷ROE 0.04 · 70% evidence Relative strength 15.9/20 · Lead over its industry 20.6% · Lead over S&P 500 -17% · 1 year -15.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.1 + 19.3 + 14.6 + 15.9 = 77.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. NexPoint Real Estate Finance, Inc. this page NREF · quiet · Most evidence points up · 76% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Income 24.8% · Profit 17% · 71% evidence Capital efficiency 16.6/25 · ROA 1.7% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 16.5/20 · P/BV 0.34× · P/BV÷ROE 0.03 · 70% evidence Relative strength 14.5/20 · Lead over its industry 30.1% · Lead over S&P 500 -9.4% · 1 year 7.8% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20.6 + 16.6 + 16.5 + 14.5 = 68.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Annaly Capital Management, Inc.](https://www.sectoralpha.in/us/stocks/nly) NLY · basing · Evidence leans up · 80% evidence 63.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Income -23.1% · Profit -29% · 81% evidence Capital efficiency 18.8/25 · ROA 2.3% · ROE 19.9% · GNPA n/a · 68% evidence Valuation 14.1/20 · P/BV 0.9× · P/BV÷ROE 0.04 · 70% evidence Relative strength 13.9/20 · Lead over its industry 15% · Lead over S&P 500 -21.2% · 1 year -16.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.7 + 18.8 + 14.1 + 13.9 = 63.5 · What this means: Relative strength against the index is -21.2%, and revenue and profit growth are weak. 4. [Adamas Trust, Inc.](https://www.sectoralpha.in/us/stocks/adam) ADAM · quiet · Evidence leans up · 67% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 86.3% · Profit 100% · 45% evidence Capital efficiency 19.0/25 · ROA 2.7% · ROE 24% · GNPA n/a · 68% evidence Valuation 16.1/20 · P/BV 0.57× · P/BV÷ROE 0.02 · 70% evidence Relative strength 3.5/20 · Lead over its industry -4.5% · Lead over S&P 500 -33.9% · 1 year -18.1% · 100% evidence · 1 of 12 weeks ahead Exact sum: 24.2 + 19 + 16.1 + 3.5 = 62.8 · What this means: Earnings are strong; relative strength in its sector is -4.5% and the one-year return is -18.1%. 5. [Ladder Capital Corp](https://www.sectoralpha.in/us/stocks/ladr) LADR · basing · Evidence leans up · 80% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Income 16.7% · Profit 26.6% · 81% evidence Capital efficiency 12.7/25 · ROA 1% · ROE 4.1% · GNPA n/a · 68% evidence Valuation 8.2/20 · P/BV 0.76× · P/BV÷ROE 0.18 · 70% evidence Relative strength 17.5/20 · Lead over its industry 24.5% · Lead over S&P 500 -14.6% · 1 year -13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.9 + 12.7 + 8.2 + 17.5 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [TPG RE Finance Trust, Inc.](https://www.sectoralpha.in/us/stocks/trtx) TRTX · basing · Evidence leans up · 76% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Income -4.3% · Profit -20.8% · 71% evidence Capital efficiency 15.3/25 · ROA 1.7% · ROE 7.1% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 0.62× · P/BV÷ROE 0.09 · 70% evidence Relative strength 16.2/20 · Lead over its industry 16.4% · Lead over S&P 500 -20.7% · 1 year -23.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.6 + 15.3 + 8.6 + 16.2 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Seven Hills Realty Trust SEVN · basing · Evidence leans up · 76% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Income -16.1% · Profit -26.7% · 71% evidence Capital efficiency 16.0/25 · ROA 2.2% · ROE 5.3% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 0.59× · P/BV÷ROE 0.11 · 70% evidence Relative strength 15.5/20 · Lead over its industry 12.8% · Lead over S&P 500 -23.1% · 1 year -26.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12 + 16 + 8.6 + 15.5 = 52.1 · What this means: Relative strength against the index is -23.1%, and revenue and profit growth are weak. 8. [Chicago Atlantic Real Estate Finance, Inc.](https://www.sectoralpha.in/us/stocks/refi) REFI · basing · Evidence leans up · 76% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Income -14.3% · Profit -23.7% · 71% evidence Capital efficiency 17.6/25 · ROA 4.5% · ROE 6.3% · GNPA n/a · 68% evidence Valuation 8.4/20 · P/BV 0.75× · P/BV÷ROE 0.12 · 70% evidence Relative strength 14.8/20 · Lead over its industry 6.1% · Lead over S&P 500 -27.7% · 1 year -31.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.5 + 17.6 + 8.4 + 14.8 = 51.3 · What this means: Relative strength against the index is -27.7%, and revenue and profit growth are weak. 9. [PennyMac Mortgage Investment Trust](https://www.sectoralpha.in/us/stocks/pmt) PMT · basing · Evidence leans up · 67% evidence 51.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Income 11.2% · Profit 96.8% · 45% evidence Capital efficiency 9.9/25 · ROA 0.4% · ROE 5.2% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 0.53× · P/BV÷ROE 0.1 · 70% evidence Relative strength 12.6/20 · Lead over its industry 2.4% · Lead over S&P 500 -31% · 1 year -35.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20 + 9.9 + 8.6 + 12.6 = 51.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Rithm Capital Corp.](https://www.sectoralpha.in/us/stocks/ritm) RITM · basing · Evidence leans down · 80% evidence 48.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.6/35 · Income 20.7% · Profit -54% · 81% evidence Capital efficiency 10.2/25 · ROA 0.5% · ROE 2.9% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 0.52× · P/BV÷ROE 0.18 · 70% evidence Relative strength 17.7/20 · Lead over its industry 28.1% · Lead over S&P 500 -12.2% · 1 year -16.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 11.6 + 10.2 + 8.6 + 17.7 = 48.1 · What this means: Relative strength against the index is -12.2%, and revenue and profit growth are weak. 11. [Franklin BSP Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/fbrt) FBRT · basing · Evidence leans down · 76% evidence 44.0 out of 100 Growth Capital Valuation Relative
12. [Starwood Property Trust, Inc.](https://www.sectoralpha.in/us/stocks/stwd) STWD · basing · Evidence leans down · 76% evidence 43.4 out of 100 Growth Capital Valuation Relative
13. [Blackstone Mortgage Trust, Inc.](https://www.sectoralpha.in/us/stocks/bxmt) BXMT · basing · Too little evidence to rank firmly · 55% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. TPG Mortgage Investment Trust, Inc. MITT · basing · Too little evidence to rank firmly · 55% evidence 42.8 out of 100 Growth Capital Valuation Relative
15. [Apollo Commercial Real Estate Finance, Inc.](https://www.sectoralpha.in/us/stocks/ari) ARI · quiet · Evidence leans down · 67% evidence 41.8 out of 100 Growth Capital Valuation Relative
16. [MFA Financial, Inc.](https://www.sectoralpha.in/us/stocks/mfa) MFA · basing · Evidence leans down · 64% evidence 41.1 out of 100 Growth Capital Valuation Relative
17. [Redwood Trust, Inc.](https://www.sectoralpha.in/us/stocks/rwt) RWT · basing · Too little evidence to rank firmly · 55% evidence 37.0 out of 100 Growth Capital Valuation Relative
18. [Invesco Mortgage Capital Inc.](https://www.sectoralpha.in/us/stocks/ivr) IVR · basing · Too little evidence to rank firmly · 55% evidence 37.0 out of 100 Growth Capital Valuation Relative
19. [BrightSpire Capital, Inc.](https://www.sectoralpha.in/us/stocks/brsp) BRSP · basing · Evidence leans down · 67% evidence 35.8 out of 100 Growth Capital Valuation Relative
20. Ares Commercial Real Estate Corporation ACRE · quiet · Too little evidence to rank firmly · 55% evidence 31.3 out of 100 Growth Capital Valuation Relative
21. [Chimera Investment Corporation](https://www.sectoralpha.in/us/stocks/cim) CIM · basing · Most evidence points down · 64% evidence 25.7 out of 100 Growth Capital Valuation Relative
22. [Arbor Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/abr) ABR · quiet · Most evidence points down · 76% evidence 24.5 out of 100 Growth Capital Valuation Relative
23. [Two Harbors Investment Corp.](https://www.sectoralpha.in/us/stocks/two) TWO · Too little evidence to rank firmly · 47% evidence 58.7 out of 100 Growth Capital Valuation Relative
24. Claros Mortgage Trust, Inc. CMTG · basing · Too little evidence to rank firmly · 48% evidence 33.1 out of 100 Growth Capital Valuation Relative
25. Ready Capital Corporation RC · quiet · Too little evidence to rank firmly · 48% evidence 32.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Mortgage](https://www.sectoralpha.in/us/sectors/reit-mortgage), all 25 compared on one page. ## Which companies are close to NexPoint Real Estate Finance in size? NexPoint Real Estate Finance is the 22nd largest of 29 REIT - Mortgage companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: BrightSpire Capital, Inc., Redwood Trust, Inc. and Arbor Realty Trust, Inc. Just below it: Apollo Commercial Real Estate Finance, Inc., KKR Real Estate Finance Trust Inc. and Chicago Atlantic Real Estate Finance, Inc. ### REIT - Mortgage companies close in size

1. [BrightSpire Capital, Inc.](https://www.sectoralpha.in/us/stocks/brsp) $434 million
2. [Redwood Trust, Inc.](https://www.sectoralpha.in/us/stocks/rwt) $391 million
3. [Arbor Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/abr) $351 million
4. NexPoint Real Estate Finance, Inc. $332 million
5. [Apollo Commercial Real Estate Finance, Inc.](https://www.sectoralpha.in/us/stocks/ari) $309 million
6. [KKR Real Estate Finance Trust Inc.](https://www.sectoralpha.in/us/stocks/kref) $299 million
7. [Chicago Atlantic Real Estate Finance, Inc.](https://www.sectoralpha.in/us/stocks/refi) $222 million

[All 29 REIT - Mortgage companies, largest first](https://www.sectoralpha.in/us/sectors/reit-mortgage#all-companies)

### Companies close in size in other industries

1. [Twin Disc, Incorporated](https://www.sectoralpha.in/us/stocks/twin) $349 million · Specialty Industrial Machinery
2. [Blue Ridge Bankshares, Inc.](https://www.sectoralpha.in/us/stocks/brbs) $348 million · Banks - Regional
3. NexPoint Real Estate Finance, Inc. $348 million
4. [NLI Holdings, Inc.](https://www.sectoralpha.in/us/stocks/nl) $348 million · Security & Protection Services
5. [Spire Global, Inc.](https://www.sectoralpha.in/us/stocks/spir) $347 million · Specialty Business Services

## What else do people ask about NexPoint Real Estate Finance? ### What were NexPoint Real Estate Finance's latest quarterly results? NexPoint Real Estate Finance, Inc. reported revenue of $27.3 M and net profit of $5.4 M for the Jun 2026 quarter. Revenue fell 13.7% and profit fell 55.8% compared with a year earlier. Earnings per share were $0.29 (as of 3 November 2026). ### What is NexPoint Real Estate Finance's market cap? NexPoint Real Estate Finance, Inc.'s market capitalisation is $332 M at a stock price of $14.43. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NexPoint Real Estate Finance performing? NexPoint Real Estate Finance, Inc.'s latest readings are below. In its latest quarter, revenue fell 13.7% and profit fell 55.8% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 7 weeks running (as of 3 November 2026). ### Will NexPoint Real Estate Finance's stock price go up? This page does not forecast NexPoint Real Estate Finance, Inc.'s stock price. What it shows instead: the stock price is $14.43. Its P/E of 6.4× is higher than 64% of its own last 1 years (as of 3 November 2026). ### Is NexPoint Real Estate Finance's profit real cash? Yes, over the last 3 years, 81% of NexPoint Real Estate Finance, Inc.'s reported profit came in as cash from operations. The latest year was lower at 30%, so the trend is worth watching. In FY25, operating cash was $22.9 M against reported profit of $75.7 M. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 3 November 2026). ### Where is NexPoint Real Estate Finance in its business cycle? NexPoint Real Estate Finance, Inc.'s FY25 operating margin was 78.6%, against a 5-year range of 35.2% to 85.7%: the middle of its own range, neither a peak nor a low. The latest quarter was 63.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NexPoint Real Estate Finance story? The main question: yearly earnings per share moved +180.1% while the share price moved +10.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NexPoint Real Estate Finance a stock worth studying right now? What the numbers show: NexPoint Real Estate Finance, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.