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Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) 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 $9.2M, roughly 1.2× Foghorn Therapeutics Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -234.3%, a 450.9% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -48.8%).
Foghorn Therapeutics Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies targeting the chromatin regulatory system to treat various types of cancer and other severe diseases. It advances a diverse pipeline of targeted drug candidates, conducting internal R&D and strategic partnerships to serve global patient populations.
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.
FHTX vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.2M | $11.1M |
| Net Profit | $-21.7M | $24.0M |
| Gross Margin | — | — |
| Operating Margin | -258.2% | — |
| Net Margin | -234.3% | 216.6% |
| Revenue YoY | 223.8% | -48.8% |
| Net Profit YoY | -11.1% | 58.7% |
| EPS (diluted) | $-0.35 | $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 | $9.2M | $11.1M | ||
| Q3 25 | $8.2M | $12.5M | ||
| Q2 25 | $7.6M | $12.1M | ||
| Q1 25 | $6.0M | $11.5M | ||
| Q4 24 | $2.9M | $21.7M | ||
| Q3 24 | $7.8M | $12.5M | ||
| Q2 24 | $6.9M | $6.7M | ||
| Q1 24 | $5.0M | $-12.8M |
| Q4 25 | $-21.7M | $24.0M | ||
| Q3 25 | $-15.8M | $50.9M | ||
| Q2 25 | $-17.9M | $22.3M | ||
| Q1 25 | $-18.8M | $26.0M | ||
| Q4 24 | $-19.5M | $15.2M | ||
| Q3 24 | $-19.1M | $23.3M | ||
| Q2 24 | $-23.0M | $12.1M | ||
| Q1 24 | $-25.0M | $-14.6M |
| Q4 25 | -258.2% | — | ||
| Q3 25 | -226.9% | — | ||
| Q2 25 | -279.2% | — | ||
| Q1 25 | -385.0% | — | ||
| Q4 24 | -840.5% | — | ||
| Q3 24 | -305.5% | — | ||
| Q2 24 | -386.6% | — | ||
| Q1 24 | -558.3% | — |
| Q4 25 | -234.3% | 216.6% | ||
| Q3 25 | -194.4% | 407.0% | ||
| Q2 25 | -237.3% | 184.5% | ||
| Q1 25 | -316.4% | 225.6% | ||
| Q4 24 | -682.9% | 69.9% | ||
| Q3 24 | -244.9% | 186.4% | ||
| Q2 24 | -333.6% | 179.7% | ||
| Q1 24 | -495.4% | 114.3% |
| Q4 25 | $-0.35 | $0.47 | ||
| Q3 25 | $-0.25 | $1.14 | ||
| Q2 25 | $-0.28 | $0.54 | ||
| Q1 25 | $-0.30 | $0.70 | ||
| Q4 24 | $-0.23 | $0.71 | ||
| Q3 24 | $-0.31 | $0.74 | ||
| Q2 24 | $-0.45 | $0.40 | ||
| Q1 24 | $-0.59 | $-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 | $80.9M | $31.1M |
| Total DebtLower is stronger | — | $771.2M |
| Stockholders' EquityBook value | $-108.5M | $388.0M |
| Total Assets | $198.1M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.9M | $31.1M | ||
| Q3 25 | $89.3M | $17.9M | ||
| Q2 25 | $72.6M | $9.1M | ||
| Q1 25 | $61.0M | $19.2M | ||
| Q4 24 | $55.5M | $3.9M | ||
| Q3 24 | $57.7M | $34.7M | ||
| Q2 24 | $138.9M | $4.3M | ||
| Q1 24 | $79.3M | $13.5M |
| 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 |
| Q4 25 | $-108.5M | $388.0M | ||
| Q3 25 | $-89.7M | $375.4M | ||
| Q2 25 | $-76.7M | $348.2M | ||
| Q1 25 | $-61.7M | $343.7M | ||
| Q4 24 | $-45.5M | $336.5M | ||
| Q3 24 | $-28.3M | $335.8M | ||
| Q2 24 | $-14.3M | $327.5M | ||
| Q1 24 | $-97.5M | $327.1M |
| Q4 25 | $198.1M | $5.3B | ||
| Q3 25 | $205.0M | $5.3B | ||
| Q2 25 | $226.2M | $5.4B | ||
| Q1 25 | $258.7M | $5.4B | ||
| Q4 24 | $284.0M | $5.4B | ||
| Q3 24 | $308.4M | $5.7B | ||
| Q2 24 | $328.6M | $6.6B | ||
| Q1 24 | $255.0M | $7.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-22.3M | $-4.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.3M | $-4.5M | ||
| Q3 25 | $-18.9M | $8.1M | ||
| Q2 25 | $-21.0M | $3.3M | ||
| Q1 25 | $-24.0M | $16.0M | ||
| Q4 24 | $-24.5M | $4.4M | ||
| Q3 24 | $-21.0M | $14.7M | ||
| Q2 24 | $-25.5M | $-7.5M | ||
| Q1 24 | $-29.3M | $17.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-21.0M | — | ||
| Q1 25 | $-24.0M | — | ||
| Q4 24 | $-25.0M | — | ||
| Q3 24 | $-21.3M | — | ||
| Q2 24 | $-25.6M | — | ||
| Q1 24 | $-29.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -278.2% | — | ||
| Q1 25 | -403.2% | — | ||
| Q4 24 | -875.3% | — | ||
| Q3 24 | -273.0% | — | ||
| Q2 24 | -371.0% | — | ||
| Q1 24 | -583.1% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 2.0% | — |
| 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.
