NexPoint Real Estate Finance, Inc. (NREF) Earnings History
Growth Compounder11 years of earnings data (2015–2025) · Consistent double-digit EPS growth over 5 years
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NexPoint Real Estate Finance, Inc. (NREF) Earnings Overview
As of June 22, 2026, NexPoint Real Estate Finance, Inc. (NREF) reported trailing twelve-month net income of $105M, reflecting +189.2% year-over-year growth. The company earned $2.15 per diluted share over the past four quarters, with a net profit margin of 83.3%.
Looking at the long-term picture, NREF's 5-year EPS compound annual growth rate (CAGR) stands at +11.1%, showing solid earnings momentum. The company achieved its highest annual net income of $105M in fiscal 2025, representing a new all-time high.
NexPoint Real Estate Finance, Inc. maintains industry-leading profitability with a gross margin of 88.9%, operating margin of 129.7%, and net margin of 83.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including KREF (-$104M net income, -10.3% margin), BXMT ($104M net income, 7.2% margin), GPMT (-$40M net income, -28.3% margin), NREF has outperformed on profitability metrics. Compare NREF vs KREF →
NREF Earnings vs Peers
Earnings metrics vs comparable public companies
NREF Historical Earnings Data (2015–2025)
9 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $105M | +260.0% | $164M | $2.95 | 83.3% | 129.7% |
| 2024 | $29M | +108.9% | $85M | $1.02 | 26.5% | 76.8% |
| 2023 | $14M | +107.2% | $25M | $0.60 | 33.2% | 60.4% |
| 2022 | $7M | -84.3% | $26M | $0.22 | 16.7% | 63.4% |
| 2021 | $43M | +235.4% | $0 | $3.93 | 124.0% | 0.0% |
| 2020 | $13M | -33.7% | $0 | $1.74 | 65.9% | 0.0% |
| 2018 | $19M | +1390.2% | $19M | $3.88 | 56.6% | 56.6% |
| 2016 | -$2M | +14.8% | $-721,000 | $-0.30 | -38.7% | -18.6% |
| 2015 | -$2M | - | -$1M | $-0.35 | -117.3% | -82.0% |
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NREF — Frequently Asked Questions
Quick answers to the most common questions about buying NREF stock.
What is NREF earnings per share (EPS)?
NREF trailing twelve-month (TTM) diluted EPS is $2.15, reflecting +189.2% year-over-year growth. The 5-year EPS CAGR is +11.1%. Complete EPS history from 2015 to 2025 is available in the table on this page.
What is NexPoint Real Estate Finance, Inc.'s net income?
NexPoint Real Estate Finance, Inc. (NREF) trailing twelve-month net income is $105M as of 2025. Earnings grew +189.2% year-over-year. NexPoint Real Estate Finance, Inc. has been profitable for 7 consecutive years.
Is NREF profitable?
Yes, NREF is profitable with a TTM net income of $105M and a net profit margin of +83.3%. NexPoint Real Estate Finance, Inc. has generated profits for 7 consecutive years.
What is NREF's earnings growth rate?
NREF compound annual EPS growth rates (CAGR): 1-Year: +189.2%, 3-Year: +137.6%, 5-Year: +11.1%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2015 to 2025.
What are NREF's profit margins?
NexPoint Real Estate Finance, Inc. net profit margin is +83.3%, operating margin is +129.7%, and gross margin is +88.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +15.0%.
Is NREF growing earnings?
Yes, NREF earnings are accelerating — EPS growth of +189.2% exceeds the 5-year CAGR of +11.1%. TTM net income reached $105M. Earnings momentum is strengthening.
What was NREF's best earnings year?
NexPoint Real Estate Finance, Inc.'s highest annual net income on record is $105M, achieved in fiscal year 2025. Earnings history on this page spans 2015 to 2025 and includes all annual and quarterly figures.
What were NREF's earnings last quarter?
NREF's most recent reported quarter was Q4 2025. Net income was $21M with diluted EPS of $0.48. For a full breakdown of all quarters, see the quarterly earnings table on this page.