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

Ambiq Micro, Inc. is the larger business by last-quarter revenue ($18.2M vs $11.1M, roughly 1.6× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -49.6%, a 266.2% gap on every dollar of revenue.

Ambiq Micro, Inc. is an American semiconductor company specializing in low-power microcontrollers and systems-on-chip, including products for devices smartwatches, medical devices, and sensors. Founded in 2010 by University of Michigan researchers Scott Hanson, David Blaauw, and Dennis Sylvester, the company is headquartered in Austin, Texas. Its products employ Subthreshold Power Optimized Technology (SPOT) to reduce energy consumption and enable on-device edge AI. In 2025, Ambiq went public...

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.

AMBQ vs NREF — Head-to-Head

Bigger by revenue
AMBQ
AMBQ
1.6× larger
AMBQ
$18.2M
$11.1M
NREF
Higher net margin
NREF
NREF
266.2% more per $
NREF
216.6%
-49.6%
AMBQ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AMBQ
AMBQ
NREF
NREF
Revenue
$18.2M
$11.1M
Net Profit
$-9.0M
$24.0M
Gross Margin
42.3%
Operating Margin
-55.3%
Net Margin
-49.6%
216.6%
Revenue YoY
-48.8%
Net Profit YoY
58.7%
EPS (diluted)
$-0.72
$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
AMBQ
AMBQ
NREF
NREF
Q4 25
$11.1M
Q3 25
$18.2M
$12.5M
Q2 25
$17.9M
$12.1M
Q1 25
$11.5M
Q4 24
$21.7M
Q3 24
$12.5M
Q2 24
$6.7M
Q1 24
$-12.8M
Net Profit
AMBQ
AMBQ
NREF
NREF
Q4 25
$24.0M
Q3 25
$-9.0M
$50.9M
Q2 25
$-8.5M
$22.3M
Q1 25
$26.0M
Q4 24
$15.2M
Q3 24
$23.3M
Q2 24
$12.1M
Q1 24
$-14.6M
Gross Margin
AMBQ
AMBQ
NREF
NREF
Q4 25
Q3 25
42.3%
Q2 25
40.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AMBQ
AMBQ
NREF
NREF
Q4 25
Q3 25
-55.3%
Q2 25
-49.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Net Margin
AMBQ
AMBQ
NREF
NREF
Q4 25
216.6%
Q3 25
-49.6%
407.0%
Q2 25
-47.5%
184.5%
Q1 25
225.6%
Q4 24
69.9%
Q3 24
186.4%
Q2 24
179.7%
Q1 24
114.3%
EPS (diluted)
AMBQ
AMBQ
NREF
NREF
Q4 25
$0.47
Q3 25
$-0.72
$1.14
Q2 25
$-18.89
$0.54
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$0.74
Q2 24
$0.40
Q1 24
$-0.83

Balance Sheet & Financial Strength

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

Metric
AMBQ
AMBQ
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$146.5M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$169.8M
$388.0M
Total Assets
$186.7M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBQ
AMBQ
NREF
NREF
Q4 25
$31.1M
Q3 25
$146.5M
$17.9M
Q2 25
$47.5M
$9.1M
Q1 25
$19.2M
Q4 24
$3.9M
Q3 24
$34.7M
Q2 24
$4.3M
Q1 24
$13.5M
Total Debt
AMBQ
AMBQ
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
AMBQ
AMBQ
NREF
NREF
Q4 25
$388.0M
Q3 25
$169.8M
$375.4M
Q2 25
$-307.3M
$348.2M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$327.5M
Q1 24
$327.1M
Total Assets
AMBQ
AMBQ
NREF
NREF
Q4 25
$5.3B
Q3 25
$186.7M
$5.3B
Q2 25
$89.2M
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.7B
Q2 24
$6.6B
Q1 24
$7.1B
Debt / Equity
AMBQ
AMBQ
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
AMBQ
AMBQ
NREF
NREF
Operating Cash FlowLast quarter
$-5.0M
$-4.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBQ
AMBQ
NREF
NREF
Q4 25
$-4.5M
Q3 25
$-5.0M
$8.1M
Q2 25
$-10.5M
$3.3M
Q1 25
$16.0M
Q4 24
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
Q1 24
$17.7M
Cash Conversion
AMBQ
AMBQ
NREF
NREF
Q4 25
-0.19×
Q3 25
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.

Revenue Breakdown by Segment

AMBQ
AMBQ

Customer Concentration Risk$16.2M89%
Other$2.0M11%

NREF
NREF

Segment breakdown not available.

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