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

CYTOKINETICS INC is the larger business by last-quarter revenue ($17.8M vs $11.1M, roughly 1.6× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -1030.9%, a 1247.5% gap on every dollar of revenue. On growth, CYTOKINETICS INC posted the faster year-over-year revenue change (4.9% vs -48.8%).

Cytokinetics, Incorporated, is a biopharmaceutical company based in South San Francisco, California, that develops muscle activators and muscle inhibitors as potential treatments for people with diseases characterized by impaired or declining muscle function.

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.

CYTK vs NREF — Head-to-Head

Bigger by revenue
CYTK
CYTK
1.6× larger
CYTK
$17.8M
$11.1M
NREF
Growing faster (revenue YoY)
CYTK
CYTK
+53.7% gap
CYTK
4.9%
-48.8%
NREF
Higher net margin
NREF
NREF
1247.5% more per $
NREF
216.6%
-1030.9%
CYTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CYTK
CYTK
NREF
NREF
Revenue
$17.8M
$11.1M
Net Profit
$-183.0M
$24.0M
Gross Margin
Operating Margin
-1004.6%
Net Margin
-1030.9%
216.6%
Revenue YoY
4.9%
-48.8%
Net Profit YoY
-22.0%
58.7%
EPS (diluted)
$-1.51
$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
CYTK
CYTK
NREF
NREF
Q4 25
$17.8M
$11.1M
Q3 25
$12.5M
Q2 25
$66.8M
$12.1M
Q1 25
$11.5M
Q4 24
$16.9M
$21.7M
Q3 24
$12.5M
Q2 24
$6.7M
Q1 24
$-12.8M
Net Profit
CYTK
CYTK
NREF
NREF
Q4 25
$-183.0M
$24.0M
Q3 25
$50.9M
Q2 25
$-134.4M
$22.3M
Q1 25
$26.0M
Q4 24
$-150.0M
$15.2M
Q3 24
$23.3M
Q2 24
$12.1M
Q1 24
$-14.6M
Operating Margin
CYTK
CYTK
NREF
NREF
Q4 25
-1004.6%
Q3 25
Q2 25
-167.0%
Q1 25
Q4 24
-821.4%
Q3 24
Q2 24
Q1 24
Net Margin
CYTK
CYTK
NREF
NREF
Q4 25
-1030.9%
216.6%
Q3 25
407.0%
Q2 25
-201.2%
184.5%
Q1 25
225.6%
Q4 24
-886.3%
69.9%
Q3 24
186.4%
Q2 24
179.7%
Q1 24
114.3%
EPS (diluted)
CYTK
CYTK
NREF
NREF
Q4 25
$-1.51
$0.47
Q3 25
$1.14
Q2 25
$-1.12
$0.54
Q1 25
$0.70
Q4 24
$-1.26
$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
CYTK
CYTK
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$122.5M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$-659.6M
$388.0M
Total Assets
$1.4B
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CYTK
CYTK
NREF
NREF
Q4 25
$122.5M
$31.1M
Q3 25
$17.9M
Q2 25
$74.9M
$9.1M
Q1 25
$19.2M
Q4 24
$94.9M
$3.9M
Q3 24
$34.7M
Q2 24
$4.3M
Q1 24
$13.5M
Total Debt
CYTK
CYTK
NREF
NREF
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$609.7M
$815.6M
Q1 25
$831.5M
Q4 24
$619.5M
$799.3M
Q3 24
$815.5M
Q2 24
$861.0M
Q1 24
$843.3M
Stockholders' Equity
CYTK
CYTK
NREF
NREF
Q4 25
$-659.6M
$388.0M
Q3 25
$375.4M
Q2 25
$-368.7M
$348.2M
Q1 25
$343.7M
Q4 24
$-135.4M
$336.5M
Q3 24
$335.8M
Q2 24
$327.5M
Q1 24
$327.1M
Total Assets
CYTK
CYTK
NREF
NREF
Q4 25
$1.4B
$5.3B
Q3 25
$5.3B
Q2 25
$1.2B
$5.4B
Q1 25
$5.4B
Q4 24
$1.4B
$5.4B
Q3 24
$5.7B
Q2 24
$6.6B
Q1 24
$7.1B
Debt / Equity
CYTK
CYTK
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
CYTK
CYTK
NREF
NREF
Operating Cash FlowLast quarter
$-142.7M
$-4.5M
Free Cash FlowOCF − Capex
$-148.3M
FCF MarginFCF / Revenue
-835.2%
Capex IntensityCapex / Revenue
31.8%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$-438.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CYTK
CYTK
NREF
NREF
Q4 25
$-142.7M
$-4.5M
Q3 25
$8.1M
Q2 25
$-128.2M
$3.3M
Q1 25
$16.0M
Q4 24
$-65.6M
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
Q1 24
$17.7M
Free Cash Flow
CYTK
CYTK
NREF
NREF
Q4 25
$-148.3M
Q3 25
Q2 25
$-132.4M
Q1 25
Q4 24
$-66.9M
Q3 24
Q2 24
Q1 24
FCF Margin
CYTK
CYTK
NREF
NREF
Q4 25
-835.2%
Q3 25
Q2 25
-198.3%
Q1 25
Q4 24
-395.0%
Q3 24
Q2 24
Q1 24
Capex Intensity
CYTK
CYTK
NREF
NREF
Q4 25
31.8%
Q3 25
Q2 25
6.2%
Q1 25
Q4 24
7.6%
Q3 24
Q2 24
Q1 24
Cash Conversion
CYTK
CYTK
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

CYTK
CYTK

Other$9.1M51%
Collaboration Revenues$8.7M49%

NREF
NREF

Segment breakdown not available.

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