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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) and Riley Exploration Permian, Inc. (REPX). Click either name above to swap in a different company.
Riley Exploration Permian, Inc. is the larger business by last-quarter revenue ($113.9M vs $81.1M, roughly 1.4× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs -61.8%, a 84.5% gap on every dollar of revenue. On growth, Franklin BSP Realty Trust, Inc. posted the faster year-over-year revenue change (25.8% vs 11.2%). Over the past eight quarters, Franklin BSP Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs 3.9%).
Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.
Riley Exploration Permian, Inc. is an independent energy company focused on exploration, development, and production of crude oil, natural gas, and natural gas liquids primarily in the US Permian Basin spanning Texas and New Mexico. It prioritizes cost-efficient onshore reserve development to supply reliable energy products to North American markets.
FBRT vs REPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $81.1M | $113.9M |
| Net Profit | $18.4M | $-70.4M |
| Gross Margin | — | — |
| Operating Margin | — | 38.3% |
| Net Margin | 22.7% | -61.8% |
| Revenue YoY | 25.8% | 11.2% |
| Net Profit YoY | -39.1% | — |
| EPS (diluted) | $0.13 | $-3.38 |
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.
| Q1 26 | — | $113.9M | ||
| Q4 25 | $81.1M | $97.3M | ||
| Q3 25 | $89.5M | $106.9M | ||
| Q2 25 | $49.3M | $85.4M | ||
| Q1 25 | $50.1M | $102.5M | ||
| Q4 24 | $64.5M | $102.7M | ||
| Q3 24 | $54.0M | $102.3M | ||
| Q2 24 | $50.9M | $105.4M |
| Q1 26 | — | $-70.4M | ||
| Q4 25 | $18.4M | — | ||
| Q3 25 | $17.3M | $16.3M | ||
| Q2 25 | $23.2M | $30.5M | ||
| Q1 25 | $24.1M | $28.6M | ||
| Q4 24 | $30.2M | — | ||
| Q3 24 | $31.6M | $25.7M | ||
| Q2 24 | $-2.2M | $33.5M |
| Q1 26 | — | 38.3% | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 27.0% | ||
| Q2 25 | — | 33.7% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 31.2% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 50.9% |
| Q1 26 | — | -61.8% | ||
| Q4 25 | 22.7% | — | ||
| Q3 25 | 19.3% | 15.3% | ||
| Q2 25 | 47.1% | 35.7% | ||
| Q1 25 | 48.0% | 27.9% | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 58.5% | 25.1% | ||
| Q2 24 | -4.3% | 31.8% |
| Q1 26 | — | $-3.38 | ||
| Q4 25 | $0.13 | $4.02 | ||
| Q3 25 | $0.12 | $0.77 | ||
| Q2 25 | $0.19 | $1.44 | ||
| Q1 25 | $0.20 | $1.36 | ||
| Q4 24 | $0.28 | $0.52 | ||
| Q3 24 | $0.30 | $1.21 | ||
| Q2 24 | $-0.11 | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.3M | — |
| Total DebtLower is stronger | — | $240.7M |
| Stockholders' EquityBook value | $1.4B | $553.4M |
| Total Assets | $6.1B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.3M | — | ||
| Q3 25 | $116.7M | — | ||
| Q2 25 | $414.1M | — | ||
| Q1 25 | $215.4M | — | ||
| Q4 24 | $184.4M | — | ||
| Q3 24 | $346.2M | — | ||
| Q2 24 | $94.8M | — |
| Q1 26 | — | $240.7M | ||
| Q4 25 | — | $247.9M | ||
| Q3 25 | — | $367.0M | ||
| Q2 25 | — | $275.2M | ||
| Q1 25 | — | $249.3M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | — | $288.6M | ||
| Q2 24 | — | $322.7M |
| Q1 26 | — | $553.4M | ||
| Q4 25 | $1.4B | $634.2M | ||
| Q3 25 | $1.5B | $566.5M | ||
| Q2 25 | $1.5B | $556.9M | ||
| Q1 25 | $1.5B | $532.4M | ||
| Q4 24 | $1.5B | $510.6M | ||
| Q3 24 | $1.5B | $507.4M | ||
| Q2 24 | $1.5B | $489.0M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $6.1B | $1.2B | ||
| Q3 25 | $6.2B | $1.2B | ||
| Q2 25 | $5.6B | $1.0B | ||
| Q1 25 | $5.7B | $994.9M | ||
| Q4 24 | $6.0B | $993.5M | ||
| Q3 24 | $6.3B | $997.9M | ||
| Q2 24 | $6.3B | $1.0B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | 0.66× |
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 | $291.9M | $47.2M |
| Free Cash FlowOCF − Capex | — | $24.6M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | — | 41.3% |
| Cash ConversionOCF / Net Profit | 15.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $47.2M | ||
| Q4 25 | $291.9M | $64.9M | ||
| Q3 25 | $-148.1M | $63.6M | ||
| Q2 25 | $11.8M | $33.6M | ||
| Q1 25 | $116.2M | $50.4M | ||
| Q4 24 | $57.2M | $66.4M | ||
| Q3 24 | $97.4M | $72.1M | ||
| Q2 24 | $1.9M | $51.6M |
| Q1 26 | — | $24.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 21.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.88× | — | ||
| Q3 25 | -8.56× | 3.90× | ||
| Q2 25 | 0.51× | 1.10× | ||
| Q1 25 | 4.83× | 1.76× | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 3.08× | 2.81× | ||
| Q2 24 | — | 1.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
REPX
Segment breakdown not available.
