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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $11.1M, roughly 1.6× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 6.7%, a 209.9% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -48.8%).
Crexendo, Inc. is a U.S.-headquartered cloud communications technology provider. It delivers unified communications as a service (UCaaS), contact center solutions, business VoIP services, and collaborative work tools, primarily catering to small and medium-sized enterprises operating in the North American market.
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.
CXDO vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.1M | $11.1M |
| Net Profit | $1.2M | $24.0M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | — |
| Net Margin | 6.7% | 216.6% |
| Revenue YoY | 11.2% | -48.8% |
| Net Profit YoY | 140.2% | 58.7% |
| EPS (diluted) | $0.03 | $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 | $18.1M | $11.1M | ||
| Q3 25 | $17.5M | $12.5M | ||
| Q2 25 | $16.6M | $12.1M | ||
| Q1 25 | $16.1M | $11.5M | ||
| Q4 24 | $16.2M | $21.7M | ||
| Q3 24 | $15.6M | $12.5M | ||
| Q2 24 | $14.7M | $6.7M | ||
| Q1 24 | $14.3M | $-12.8M |
| Q4 25 | $1.2M | $24.0M | ||
| Q3 25 | $1.4M | $50.9M | ||
| Q2 25 | $1.2M | $22.3M | ||
| Q1 25 | $1.2M | $26.0M | ||
| Q4 24 | $507.0K | $15.2M | ||
| Q3 24 | $148.0K | $23.3M | ||
| Q2 24 | $588.0K | $12.1M | ||
| Q1 24 | $434.0K | $-14.6M |
| Q4 25 | 6.3% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 6.7% | 216.6% | ||
| Q3 25 | 8.3% | 407.0% | ||
| Q2 25 | 7.4% | 184.5% | ||
| Q1 25 | 7.3% | 225.6% | ||
| Q4 24 | 3.1% | 69.9% | ||
| Q3 24 | 0.9% | 186.4% | ||
| Q2 24 | 4.0% | 179.7% | ||
| Q1 24 | 3.0% | 114.3% |
| Q4 25 | $0.03 | $0.47 | ||
| Q3 25 | $0.05 | $1.14 | ||
| Q2 25 | $0.04 | $0.54 | ||
| Q1 25 | $0.04 | $0.70 | ||
| Q4 24 | $0.03 | $0.71 | ||
| Q3 24 | $0.00 | $0.74 | ||
| Q2 24 | $0.02 | $0.40 | ||
| Q1 24 | $0.01 | $-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 | $114.0K | $771.2M |
| Stockholders' EquityBook value | $63.8M | $388.0M |
| Total Assets | $77.7M | $5.3B |
| Debt / EquityLower = less leverage | 0.00× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.1M | ||
| Q3 25 | — | $17.9M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $19.2M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $34.7M | ||
| Q2 24 | — | $4.3M | ||
| Q1 24 | — | $13.5M |
| Q4 25 | $114.0K | $771.2M | ||
| Q3 25 | $236.0K | $720.9M | ||
| Q2 25 | $356.0K | $815.6M | ||
| Q1 25 | $475.0K | $831.5M | ||
| Q4 24 | $592.0K | $799.3M | ||
| Q3 24 | $709.0K | $815.5M | ||
| Q2 24 | $823.0K | $861.0M | ||
| Q1 24 | $937.0K | $843.3M |
| Q4 25 | $63.8M | $388.0M | ||
| Q3 25 | $61.3M | $375.4M | ||
| Q2 25 | $58.3M | $348.2M | ||
| Q1 25 | $55.2M | $343.7M | ||
| Q4 24 | $51.4M | $336.5M | ||
| Q3 24 | $49.5M | $335.8M | ||
| Q2 24 | $48.2M | $327.5M | ||
| Q1 24 | $46.8M | $327.1M |
| Q4 25 | $77.7M | $5.3B | ||
| Q3 25 | $76.0M | $5.3B | ||
| Q2 25 | $71.4M | $5.4B | ||
| Q1 25 | $67.4M | $5.4B | ||
| Q4 24 | $64.9M | $5.4B | ||
| Q3 24 | $62.3M | $5.7B | ||
| Q2 24 | $59.6M | $6.6B | ||
| Q1 24 | $57.5M | $7.1B |
| Q4 25 | 0.00× | 1.99× | ||
| Q3 25 | 0.00× | 1.92× | ||
| Q2 25 | 0.01× | 2.34× | ||
| Q1 25 | 0.01× | 2.42× | ||
| Q4 24 | 0.01× | 2.38× | ||
| Q3 24 | 0.01× | 2.43× | ||
| Q2 24 | 0.02× | 2.63× | ||
| Q1 24 | 0.02× | 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 | $2.3M | $-4.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | 1.93× | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-4.5M | ||
| Q3 25 | $4.4M | $8.1M | ||
| Q2 25 | $1.3M | $3.3M | ||
| Q1 25 | $1.2M | $16.0M | ||
| Q4 24 | $2.2M | $4.4M | ||
| Q3 24 | $1.6M | $14.7M | ||
| Q2 24 | $2.7M | $-7.5M | ||
| Q1 24 | $-166.0K | $17.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 1.93× | -0.19× | ||
| Q3 25 | 3.05× | 0.16× | ||
| Q2 25 | 1.05× | 0.15× | ||
| Q1 25 | 1.06× | 0.62× | ||
| Q4 24 | 4.29× | 0.29× | ||
| Q3 24 | 10.95× | 0.63× | ||
| Q2 24 | 4.51× | -0.62× | ||
| Q1 24 | -0.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CXDO
| Services | $8.6M | 48% |
| Software Solution Segment | $8.3M | 46% |
| Products | $1.1M | 6% |
NREF
Segment breakdown not available.
