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Side-by-side financial comparison of BGSF, INC. (BGSF) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $11.1M, roughly 2.0× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -5.3%, a 221.9% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -48.8%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $11.1M |
| Net Profit | $-1.2M | $24.0M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | — |
| Net Margin | -5.3% | 216.6% |
| Revenue YoY | -9.4% | -48.8% |
| Net Profit YoY | -18.2% | 58.7% |
| EPS (diluted) | $-0.12 | $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.
| Q4 25 | $22.0M | $11.1M | ||
| Q3 25 | $26.9M | $12.5M | ||
| Q2 25 | $23.5M | $12.1M | ||
| Q1 25 | $20.9M | $11.5M | ||
| Q4 24 | $24.3M | $21.7M | ||
| Q3 24 | $29.8M | $12.5M | ||
| Q2 24 | $25.7M | $6.7M | ||
| Q1 24 | $24.5M | $-12.8M |
| Q4 25 | $-1.2M | $24.0M | ||
| Q3 25 | $-5.8M | $50.9M | ||
| Q2 25 | $-3.7M | $22.3M | ||
| Q1 25 | $-722.0K | $26.0M | ||
| Q4 24 | $-981.0K | $15.2M | ||
| Q3 24 | $-804.0K | $23.3M | ||
| Q2 24 | $-761.0K | $12.1M | ||
| Q1 24 | $-792.0K | $-14.6M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | — | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | -18.8% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | -15.7% | — | ||
| Q3 24 | -3.4% | — | ||
| Q2 24 | -5.7% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | -5.3% | 216.6% | ||
| Q3 25 | -21.6% | 407.0% | ||
| Q2 25 | -15.9% | 184.5% | ||
| Q1 25 | -3.5% | 225.6% | ||
| Q4 24 | -4.0% | 69.9% | ||
| Q3 24 | -2.7% | 186.4% | ||
| Q2 24 | -3.0% | 179.7% | ||
| Q1 24 | -3.2% | 114.3% |
| Q4 25 | $-0.12 | $0.47 | ||
| Q3 25 | $-0.52 | $1.14 | ||
| Q2 25 | $-0.34 | $0.54 | ||
| Q1 25 | $-0.06 | $0.70 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | $-0.07 | $0.74 | ||
| Q2 24 | $-0.07 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $31.1M |
| Total DebtLower is stronger | — | $771.2M |
| Stockholders' EquityBook value | $48.1M | $388.0M |
| Total Assets | $57.8M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.1M | ||
| Q3 25 | $41.2M | $17.9M | ||
| Q2 25 | $2.8M | $9.1M | ||
| Q1 25 | $2.0M | $19.2M | ||
| Q4 24 | $32.0K | $3.9M | ||
| Q3 24 | $262 | $34.7M | ||
| Q2 24 | $226 | $4.3M | ||
| Q1 24 | $50 | $13.5M |
| 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 |
| Q4 25 | $48.1M | $388.0M | ||
| Q3 25 | $50.7M | $375.4M | ||
| Q2 25 | $78.3M | $348.2M | ||
| Q1 25 | $81.8M | $343.7M | ||
| Q4 24 | $82.3M | $336.5M | ||
| Q3 24 | $82.9M | $335.8M | ||
| Q2 24 | $83.2M | $327.5M | ||
| Q1 24 | $83.6M | $327.1M |
| Q4 25 | $57.8M | $5.3B | ||
| Q3 25 | $83.6M | $5.3B | ||
| Q2 25 | $149.7M | $5.4B | ||
| Q1 25 | $152.3M | $5.4B | ||
| Q4 24 | $150.1M | $5.4B | ||
| Q3 24 | $157.3K | $5.7B | ||
| Q2 24 | $159.8K | $6.6B | ||
| Q1 24 | $170.6K | $7.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $-4.5M |
| Free Cash FlowOCF − Capex | $1.7M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-4.5M | ||
| Q3 25 | $-4.8M | $8.1M | ||
| Q2 25 | $2.2M | $3.3M | ||
| Q1 25 | $1.1M | $16.0M | ||
| Q4 24 | $3.2M | $4.4M | ||
| Q3 24 | $6.5M | $14.7M | ||
| Q2 24 | $7.3M | $-7.5M | ||
| Q1 24 | $7.4M | $17.7M |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | — | ||
| Q1 24 | 28.1% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 2.0% | — |
| 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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
NREF
Segment breakdown not available.
