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Side-by-side financial comparison of Bionano Genomics, Inc. (BNGO) 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 $8.0M, roughly 1.4× Bionano Genomics, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -99.8%, a 316.4% gap on every dollar of revenue. On growth, Bionano Genomics, Inc. posted the faster year-over-year revenue change (-2.6% vs -48.8%).

Bionano Genomics develops and commercializes proprietary optical genome mapping technology and diagnostic solutions. Its products detect large structural genomic variants with high precision, serving global research institutions, biopharma firms, and clinical labs for oncology, rare disease, and reproductive health use cases.

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.

BNGO vs NREF — Head-to-Head

Bigger by revenue
NREF
NREF
1.4× larger
NREF
$11.1M
$8.0M
BNGO
Growing faster (revenue YoY)
BNGO
BNGO
+46.2% gap
BNGO
-2.6%
-48.8%
NREF
Higher net margin
NREF
NREF
316.4% more per $
NREF
216.6%
-99.8%
BNGO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BNGO
BNGO
NREF
NREF
Revenue
$8.0M
$11.1M
Net Profit
$-7.9M
$24.0M
Gross Margin
42.8%
Operating Margin
-107.4%
Net Margin
-99.8%
216.6%
Revenue YoY
-2.6%
-48.8%
Net Profit YoY
60.6%
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.

Revenue
BNGO
BNGO
NREF
NREF
Q4 25
$8.0M
$11.1M
Q3 25
$7.4M
$12.5M
Q2 25
$6.7M
$12.1M
Q1 25
$6.5M
$11.5M
Q4 24
$8.2M
$21.7M
Q3 24
$6.1M
$12.5M
Q2 24
$7.8M
$6.7M
Q1 24
$8.8M
$-12.8M
Net Profit
BNGO
BNGO
NREF
NREF
Q4 25
$-7.9M
$24.0M
Q3 25
$-8.5M
$50.9M
Q2 25
$-6.9M
$22.3M
Q1 25
$-3.1M
$26.0M
Q4 24
$-20.1M
$15.2M
Q3 24
$-44.2M
$23.3M
Q2 24
$-16.2M
$12.1M
Q1 24
$-31.4M
$-14.6M
Gross Margin
BNGO
BNGO
NREF
NREF
Q4 25
42.8%
Q3 25
45.7%
Q2 25
51.6%
Q1 25
45.5%
Q4 24
41.9%
Q3 24
-139.1%
Q2 24
33.3%
Q1 24
32.2%
Operating Margin
BNGO
BNGO
NREF
NREF
Q4 25
-107.4%
Q3 25
-115.9%
Q2 25
-115.8%
Q1 25
-131.1%
Q4 24
-146.3%
Q3 24
-722.9%
Q2 24
-219.0%
Q1 24
-354.9%
Net Margin
BNGO
BNGO
NREF
NREF
Q4 25
-99.8%
216.6%
Q3 25
-115.4%
407.0%
Q2 25
-101.8%
184.5%
Q1 25
-48.0%
225.6%
Q4 24
-246.5%
69.9%
Q3 24
-728.6%
186.4%
Q2 24
-208.8%
179.7%
Q1 24
-358.3%
114.3%
EPS (diluted)
BNGO
BNGO
NREF
NREF
Q4 25
$-0.12
$0.47
Q3 25
$-1.59
$1.14
Q2 25
$-1.99
$0.54
Q1 25
$-1.15
$0.70
Q4 24
$-7.05
$0.71
Q3 24
$-30.92
$0.74
Q2 24
$-14.41
$0.40
Q1 24
$-35.75
$-0.83

Balance Sheet & Financial Strength

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

Metric
BNGO
BNGO
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$3.0M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$44.4M
$388.0M
Total Assets
$73.6M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNGO
BNGO
NREF
NREF
Q4 25
$3.0M
$31.1M
Q3 25
$3.1M
$17.9M
Q2 25
$3.6M
$9.1M
Q1 25
$3.6M
$19.2M
Q4 24
$9.2M
$3.9M
Q3 24
$8.8M
$34.7M
Q2 24
$10.4M
$4.3M
Q1 24
$15.8M
$13.5M
Total Debt
BNGO
BNGO
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
BNGO
BNGO
NREF
NREF
Q4 25
$44.4M
$388.0M
Q3 25
$49.8M
$375.4M
Q2 25
$45.4M
$348.2M
Q1 25
$48.2M
$343.7M
Q4 24
$35.4M
$336.5M
Q3 24
$48.9M
$335.8M
Q2 24
$80.3M
$327.5M
Q1 24
$82.8M
$327.1M
Total Assets
BNGO
BNGO
NREF
NREF
Q4 25
$73.6M
$5.3B
Q3 25
$79.1M
$5.3B
Q2 25
$76.0M
$5.4B
Q1 25
$78.4M
$5.4B
Q4 24
$76.7M
$5.4B
Q3 24
$87.4M
$5.7B
Q2 24
$129.4M
$6.6B
Q1 24
$158.0M
$7.1B
Debt / Equity
BNGO
BNGO
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
BNGO
BNGO
NREF
NREF
Operating Cash FlowLast quarter
$-4.2M
$-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
BNGO
BNGO
NREF
NREF
Q4 25
$-4.2M
$-4.5M
Q3 25
$-5.9M
$8.1M
Q2 25
$-3.5M
$3.3M
Q1 25
$-2.8M
$16.0M
Q4 24
$-6.5M
$4.4M
Q3 24
$-13.3M
$14.7M
Q2 24
$-21.0M
$-7.5M
Q1 24
$-28.1M
$17.7M
Cash Conversion
BNGO
BNGO
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.

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