vs

Side-by-side financial comparison of Aeva Technologies, Inc. (AEVA) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.

NexPoint Real Estate Finance, Inc. is the larger business by last-quarter revenue ($11.1M vs $5.6M, roughly 2.0× Aeva Technologies, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -450.3%, a 667.0% gap on every dollar of revenue. On growth, Aeva Technologies, Inc. posted the faster year-over-year revenue change (108.5% vs -48.8%).

Aeva Technologies, Inc. is a publicly traded American corporation specializing in sensing hardware and perception software, including LiDAR, headquartered in Mountain View, California. Aeva makes sensing and perception tools for vehicular automation, metrology, and industrial automation.

NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.

AEVA vs NREF — Head-to-Head

Bigger by revenue
NREF
NREF
2.0× larger
NREF
$11.1M
$5.6M
AEVA
Growing faster (revenue YoY)
AEVA
AEVA
+157.3% gap
AEVA
108.5%
-48.8%
NREF
Higher net margin
NREF
NREF
667.0% more per $
NREF
216.6%
-450.3%
AEVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEVA
AEVA
NREF
NREF
Revenue
$5.6M
$11.1M
Net Profit
$-25.3M
$24.0M
Gross Margin
23.5%
Operating Margin
-517.6%
Net Margin
-450.3%
216.6%
Revenue YoY
108.5%
-48.8%
Net Profit YoY
30.0%
58.7%
EPS (diluted)
$2.10
$0.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AEVA
AEVA
NREF
NREF
Q4 25
$5.6M
$11.1M
Q3 25
$3.6M
$12.5M
Q2 25
$5.5M
$12.1M
Q1 25
$3.4M
$11.5M
Q4 24
$2.7M
$21.7M
Q3 24
$2.3M
$12.5M
Q2 24
$2.0M
$6.7M
Q1 24
$2.1M
$-12.8M
Net Profit
AEVA
AEVA
NREF
NREF
Q4 25
$-25.3M
$24.0M
Q3 25
$107.5M
$50.9M
Q2 25
$-192.7M
$22.3M
Q1 25
$-34.9M
$26.0M
Q4 24
$-36.1M
$15.2M
Q3 24
$-37.4M
$23.3M
Q2 24
$-43.4M
$12.1M
Q1 24
$-35.3M
$-14.6M
Gross Margin
AEVA
AEVA
NREF
NREF
Q4 25
23.5%
Q3 25
12.0%
Q2 25
-49.4%
Q1 25
9.2%
Q4 24
-30.7%
Q3 24
-32.0%
Q2 24
-42.1%
Q1 24
-66.1%
Operating Margin
AEVA
AEVA
NREF
NREF
Q4 25
-517.6%
Q3 25
-926.5%
Q2 25
-633.7%
Q1 25
-903.1%
Q4 24
-1270.0%
Q3 24
-1683.4%
Q2 24
-2431.1%
Q1 24
-1772.4%
Net Margin
AEVA
AEVA
NREF
NREF
Q4 25
-450.3%
216.6%
Q3 25
3003.5%
407.0%
Q2 25
-3497.4%
184.5%
Q1 25
-1035.2%
225.6%
Q4 24
-1340.7%
69.9%
Q3 24
-1662.0%
186.4%
Q2 24
-2156.7%
179.7%
Q1 24
-1676.6%
114.3%
EPS (diluted)
AEVA
AEVA
NREF
NREF
Q4 25
$2.10
$0.47
Q3 25
$-0.52
$1.14
Q2 25
$-3.49
$0.54
Q1 25
$-0.64
$0.70
Q4 24
$-0.66
$0.71
Q3 24
$-0.70
$0.74
Q2 24
$-0.82
$0.40
Q1 24
$-0.67
$-0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEVA
AEVA
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$121.9M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$13.2M
$388.0M
Total Assets
$179.7M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEVA
AEVA
NREF
NREF
Q4 25
$121.9M
$31.1M
Q3 25
$48.9M
$17.9M
Q2 25
$49.8M
$9.1M
Q1 25
$81.0M
$19.2M
Q4 24
$112.0M
$3.9M
Q3 24
$134.8M
$34.7M
Q2 24
$160.2M
$4.3M
Q1 24
$189.3M
$13.5M
Total Debt
AEVA
AEVA
NREF
NREF
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$815.6M
Q1 25
$831.5M
Q4 24
$799.3M
Q3 24
$815.5M
Q2 24
$861.0M
Q1 24
$843.3M
Stockholders' Equity
AEVA
AEVA
NREF
NREF
Q4 25
$13.2M
$388.0M
Q3 25
$33.2M
$375.4M
Q2 25
$-118.2M
$348.2M
Q1 25
$68.8M
$343.7M
Q4 24
$99.4M
$336.5M
Q3 24
$129.3M
$335.8M
Q2 24
$160.0M
$327.5M
Q1 24
$198.2M
$327.1M
Total Assets
AEVA
AEVA
NREF
NREF
Q4 25
$179.7M
$5.3B
Q3 25
$92.8M
$5.3B
Q2 25
$91.1M
$5.4B
Q1 25
$114.5M
$5.4B
Q4 24
$147.5M
$5.4B
Q3 24
$169.1M
$5.7B
Q2 24
$198.1M
$6.6B
Q1 24
$224.8M
$7.1B
Debt / Equity
AEVA
AEVA
NREF
NREF
Q4 25
1.99×
Q3 25
1.92×
Q2 25
2.34×
Q1 25
2.42×
Q4 24
2.38×
Q3 24
2.43×
Q2 24
2.63×
Q1 24
2.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEVA
AEVA
NREF
NREF
Operating Cash FlowLast quarter
$-22.1M
$-4.5M
Free Cash FlowOCF − Capex
$-23.7M
FCF MarginFCF / Revenue
-420.9%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$-119.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEVA
AEVA
NREF
NREF
Q4 25
$-22.1M
$-4.5M
Q3 25
$-32.3M
$8.1M
Q2 25
$-29.8M
$3.3M
Q1 25
$-30.8M
$16.0M
Q4 24
$-20.9M
$4.4M
Q3 24
$-25.9M
$14.7M
Q2 24
$-29.2M
$-7.5M
Q1 24
$-31.0M
$17.7M
Free Cash Flow
AEVA
AEVA
NREF
NREF
Q4 25
$-23.7M
Q3 25
$-33.6M
Q2 25
$-31.2M
Q1 25
$-31.3M
Q4 24
$-23.0M
Q3 24
$-26.4M
Q2 24
$-29.9M
Q1 24
$-32.6M
FCF Margin
AEVA
AEVA
NREF
NREF
Q4 25
-420.9%
Q3 25
-938.4%
Q2 25
-566.0%
Q1 25
-927.9%
Q4 24
-854.5%
Q3 24
-1174.7%
Q2 24
-1488.3%
Q1 24
-1547.7%
Capex Intensity
AEVA
AEVA
NREF
NREF
Q4 25
26.9%
Q3 25
35.6%
Q2 25
24.8%
Q1 25
13.6%
Q4 24
79.3%
Q3 24
24.1%
Q2 24
38.7%
Q1 24
78.2%
Cash Conversion
AEVA
AEVA
NREF
NREF
Q4 25
-0.19×
Q3 25
-0.30×
0.16×
Q2 25
0.15×
Q1 25
0.62×
Q4 24
0.29×
Q3 24
0.63×
Q2 24
-0.62×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons