NexPoint Real Estate Finance, Inc. (NREF) Earnings History
Annual and quarterly earnings data from 2015 to 2025
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NREF EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NREF Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 88.9% | 129.7% | 83.3% |
| 2024 | 90.0% | 76.8% | 26.5% |
| 2023 | 90.1% | 60.4% | 33.2% |
| 2022 | 89.1% | 63.4% | 16.7% |
| 2021 | 100.0% | 0.0% | 124.0% |
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NexPoint Real Estate Finance, Inc. (NREF) Earnings Overview
As of May 8, 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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Start ComparisonNREF — Frequently Asked Questions
Quick answers to the most common questions about buying NREF stock.
Is NREF growing earnings?
NREF EPS is $2.15, with earnings growth accelerating to +189.2%. This exceeds the 5-year CAGR of +11.1%. TTM net income reached $105M.
What are NREF's profit margins?
NexPoint Real Estate Finance, Inc. net margin is +83.3%, with operating margin at +129.7%. Above-average margins indicate pricing power.
How consistent are NREF's earnings?
NREF earnings data spans 2015-2025. The accelerating earnings trend is +189.2% YoY. Historical data enables comparison across business cycles.