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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) 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 $6.6M, roughly 1.7× Falcon's Beyond Global, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -4.5%, a 221.1% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs -48.8%).
500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.
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.
FBYD vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $11.1M |
| Net Profit | $-296.0K | $24.0M |
| Gross Margin | — | — |
| Operating Margin | -30.9% | — |
| Net Margin | -4.5% | 216.6% |
| Revenue YoY | 383.5% | -48.8% |
| Net Profit YoY | 97.5% | 58.7% |
| EPS (diluted) | $-0.01 | $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 | $6.6M | $11.1M | ||
| Q3 25 | $4.1M | $12.5M | ||
| Q2 25 | $2.5M | $12.1M | ||
| Q1 25 | $1.7M | $11.5M | ||
| Q4 24 | $1.4M | $21.7M | ||
| Q3 24 | $2.1M | $12.5M | ||
| Q2 24 | $1.8M | $6.7M | ||
| Q1 24 | $1.5M | $-12.8M |
| Q4 25 | $-296.0K | $24.0M | ||
| Q3 25 | $-10.4M | $50.9M | ||
| Q2 25 | $25.1M | $22.3M | ||
| Q1 25 | $-8.1M | $26.0M | ||
| Q4 24 | $-11.9M | $15.2M | ||
| Q3 24 | $39.3M | $23.3M | ||
| Q2 24 | $8.0M | $12.1M | ||
| Q1 24 | $114.0M | $-14.6M |
| Q4 25 | -30.9% | — | ||
| Q3 25 | -90.9% | — | ||
| Q2 25 | -53.0% | — | ||
| Q1 25 | -371.1% | — | ||
| Q4 24 | -335.6% | — | ||
| Q3 24 | -118.9% | — | ||
| Q2 24 | -195.9% | — | ||
| Q1 24 | -350.5% | — |
| Q4 25 | -4.5% | 216.6% | ||
| Q3 25 | -256.8% | 407.0% | ||
| Q2 25 | 985.2% | 184.5% | ||
| Q1 25 | -473.8% | 225.6% | ||
| Q4 24 | -871.7% | 69.9% | ||
| Q3 24 | 1899.5% | 186.4% | ||
| Q2 24 | 446.5% | 179.7% | ||
| Q1 24 | 7521.4% | 114.3% |
| Q4 25 | $-0.01 | $0.47 | ||
| Q3 25 | $-0.13 | $1.14 | ||
| Q2 25 | $0.30 | $0.54 | ||
| Q1 25 | $-0.13 | $0.70 | ||
| Q4 24 | $-0.25 | $0.71 | ||
| Q3 24 | $0.39 | $0.74 | ||
| Q2 24 | $0.00 | $0.40 | ||
| Q1 24 | $1.27 | $-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 | $1.9M | $31.1M |
| Total DebtLower is stronger | $15.6M | $771.2M |
| Stockholders' EquityBook value | $11.9M | $388.0M |
| Total Assets | $66.7M | $5.3B |
| Debt / EquityLower = less leverage | 1.31× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $31.1M | ||
| Q3 25 | $4.3M | $17.9M | ||
| Q2 25 | $26.1M | $9.1M | ||
| Q1 25 | $1.1M | $19.2M | ||
| Q4 24 | $825.0K | $3.9M | ||
| Q3 24 | $828.0K | $34.7M | ||
| Q2 24 | $1.7M | $4.3M | ||
| Q1 24 | $1.1M | $13.5M |
| Q4 25 | $15.6M | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | $41.2M | $799.3M | ||
| Q3 24 | $10.3M | $815.5M | ||
| Q2 24 | $15.7M | $861.0M | ||
| Q1 24 | $15.1M | $843.3M |
| Q4 25 | $11.9M | $388.0M | ||
| Q3 25 | $9.2M | $375.4M | ||
| Q2 25 | $414.0K | $348.2M | ||
| Q1 25 | $-11.6M | $343.7M | ||
| Q4 24 | $-9.0M | $336.5M | ||
| Q3 24 | $-1.4M | $335.8M | ||
| Q2 24 | $-44.7M | $327.5M | ||
| Q1 24 | $-61.7M | $327.1M |
| Q4 25 | $66.7M | $5.3B | ||
| Q3 25 | $66.8M | $5.3B | ||
| Q2 25 | $89.2M | $5.4B | ||
| Q1 25 | $56.7M | $5.4B | ||
| Q4 24 | $61.2M | $5.4B | ||
| Q3 24 | $66.5M | $5.7B | ||
| Q2 24 | $65.9M | $6.6B | ||
| Q1 24 | $67.8M | $7.1B |
| Q4 25 | 1.31× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.3M | $-4.5M |
| Free Cash FlowOCF − Capex | $-4.3M | — |
| FCF MarginFCF / Revenue | -66.0% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.3M | $-4.5M | ||
| Q3 25 | $-13.3M | $8.1M | ||
| Q2 25 | $-7.9M | $3.3M | ||
| Q1 25 | $945.0K | $16.0M | ||
| Q4 24 | $-3.8M | $4.4M | ||
| Q3 24 | $-2.4M | $14.7M | ||
| Q2 24 | $-2.6M | $-7.5M | ||
| Q1 24 | $-3.8M | $17.7M |
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $-13.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $853.0K | — | ||
| Q4 24 | $-3.8M | — | ||
| Q3 24 | $-2.4M | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | -66.0% | — | ||
| Q3 25 | -329.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 49.9% | — | ||
| Q4 24 | -278.7% | — | ||
| Q3 24 | -114.9% | — | ||
| Q2 24 | -145.6% | — | ||
| Q1 24 | -248.8% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | -0.31× | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | -0.06× | 0.63× | ||
| Q2 24 | -0.33× | -0.62× | ||
| Q1 24 | -0.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
