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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) 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 $7.3M, roughly 1.5× Coda Octopus Group, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 14.1%, a 202.5% gap on every dollar of revenue. On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs -48.8%).

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

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.

CODA vs NREF — Head-to-Head

Bigger by revenue
NREF
NREF
1.5× larger
NREF
$11.1M
$7.3M
CODA
Growing faster (revenue YoY)
CODA
CODA
+92.7% gap
CODA
43.8%
-48.8%
NREF
Higher net margin
NREF
NREF
202.5% more per $
NREF
216.6%
14.1%
CODA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CODA
CODA
NREF
NREF
Revenue
$7.3M
$11.1M
Net Profit
$1.0M
$24.0M
Gross Margin
67.6%
Operating Margin
19.3%
Net Margin
14.1%
216.6%
Revenue YoY
43.8%
-48.8%
Net Profit YoY
214.3%
58.7%
EPS (diluted)
$0.10
$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
CODA
CODA
NREF
NREF
Q4 25
$7.3M
$11.1M
Q3 25
$7.1M
$12.5M
Q2 25
$7.0M
$12.1M
Q1 25
$5.2M
$11.5M
Q4 24
$5.1M
$21.7M
Q3 24
$5.5M
$12.5M
Q2 24
$5.3M
$6.7M
Q1 24
$4.5M
$-12.8M
Net Profit
CODA
CODA
NREF
NREF
Q4 25
$1.0M
$24.0M
Q3 25
$1.3M
$50.9M
Q2 25
$908.8K
$22.3M
Q1 25
$913.0K
$26.0M
Q4 24
$326.2K
$15.2M
Q3 24
$1.3M
$23.3M
Q2 24
$1.4M
$12.1M
Q1 24
$629.9K
$-14.6M
Gross Margin
CODA
CODA
NREF
NREF
Q4 25
67.6%
Q3 25
68.3%
Q2 25
64.1%
Q1 25
65.8%
Q4 24
65.3%
Q3 24
73.9%
Q2 24
70.2%
Q1 24
69.2%
Operating Margin
CODA
CODA
NREF
NREF
Q4 25
19.3%
Q3 25
19.5%
Q2 25
15.5%
Q1 25
12.7%
Q4 24
5.7%
Q3 24
25.4%
Q2 24
25.4%
Q1 24
12.4%
Net Margin
CODA
CODA
NREF
NREF
Q4 25
14.1%
216.6%
Q3 25
18.2%
407.0%
Q2 25
13.0%
184.5%
Q1 25
17.5%
225.6%
Q4 24
6.5%
69.9%
Q3 24
23.3%
186.4%
Q2 24
26.6%
179.7%
Q1 24
14.1%
114.3%
EPS (diluted)
CODA
CODA
NREF
NREF
Q4 25
$0.10
$0.47
Q3 25
$0.11
$1.14
Q2 25
$0.08
$0.54
Q1 25
$0.08
$0.70
Q4 24
$0.02
$0.71
Q3 24
$0.11
$0.74
Q2 24
$0.13
$0.40
Q1 24
$0.06
$-0.83

Balance Sheet & Financial Strength

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

Metric
CODA
CODA
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$28.7M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$58.1M
$388.0M
Total Assets
$64.5M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CODA
CODA
NREF
NREF
Q4 25
$28.7M
$31.1M
Q3 25
$26.2M
$17.9M
Q2 25
$24.5M
$9.1M
Q1 25
$22.5M
$19.2M
Q4 24
$22.5M
$3.9M
Q3 24
$25.2M
$34.7M
Q2 24
$23.7M
$4.3M
Q1 24
$25.0M
$13.5M
Total Debt
CODA
CODA
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
CODA
CODA
NREF
NREF
Q4 25
$58.1M
$388.0M
Q3 25
$57.3M
$375.4M
Q2 25
$55.9M
$348.2M
Q1 25
$53.1M
$343.7M
Q4 24
$53.1M
$336.5M
Q3 24
$52.8M
$335.8M
Q2 24
$51.1M
$327.5M
Q1 24
$50.1M
$327.1M
Total Assets
CODA
CODA
NREF
NREF
Q4 25
$64.5M
$5.3B
Q3 25
$61.9M
$5.3B
Q2 25
$60.6M
$5.4B
Q1 25
$56.9M
$5.4B
Q4 24
$57.5M
$5.4B
Q3 24
$55.9M
$5.7B
Q2 24
$54.0M
$6.6B
Q1 24
$53.0M
$7.1B
Debt / Equity
CODA
CODA
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
CODA
CODA
NREF
NREF
Operating Cash FlowLast quarter
$2.9M
$-4.5M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
34.9%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
2.83×
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CODA
CODA
NREF
NREF
Q4 25
$2.9M
$-4.5M
Q3 25
$2.2M
$8.1M
Q2 25
$1.5M
$3.3M
Q1 25
$641.5K
$16.0M
Q4 24
$2.0M
$4.4M
Q3 24
$1.7M
$14.7M
Q2 24
$-955.8K
$-7.5M
Q1 24
$-298.0K
$17.7M
Free Cash Flow
CODA
CODA
NREF
NREF
Q4 25
$2.5M
Q3 25
$1.6M
Q2 25
$1.4M
Q1 25
$513.4K
Q4 24
$1.9M
Q3 24
$1.5M
Q2 24
$-1.1M
Q1 24
$-433.6K
FCF Margin
CODA
CODA
NREF
NREF
Q4 25
34.9%
Q3 25
22.6%
Q2 25
19.9%
Q1 25
9.9%
Q4 24
38.5%
Q3 24
28.2%
Q2 24
-20.9%
Q1 24
-9.7%
Capex Intensity
CODA
CODA
NREF
NREF
Q4 25
5.0%
Q3 25
8.6%
Q2 25
1.0%
Q1 25
2.5%
Q4 24
0.9%
Q3 24
3.0%
Q2 24
2.9%
Q1 24
3.0%
Cash Conversion
CODA
CODA
NREF
NREF
Q4 25
2.83×
-0.19×
Q3 25
1.72×
0.16×
Q2 25
1.61×
0.15×
Q1 25
0.70×
0.62×
Q4 24
6.11×
0.29×
Q3 24
1.34×
0.63×
Q2 24
-0.68×
-0.62×
Q1 24
-0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

NREF
NREF

Segment breakdown not available.

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