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Side-by-side financial comparison of Foxx Development Holdings Inc. (FOXX) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
Foxx Development Holdings Inc. is the larger business by last-quarter revenue ($16.7M vs $11.1M, roughly 1.5× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -25.6%, a 242.3% gap on every dollar of revenue. On growth, Foxx Development Holdings Inc. posted the faster year-over-year revenue change (-4.4% vs -48.8%).
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.
FOXX vs NREF — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $16.7M | $11.1M |
| Net Profit | $-4.3M | $24.0M |
| Gross Margin | 13.3% | — |
| Operating Margin | -13.3% | — |
| Net Margin | -25.6% | 216.6% |
| Revenue YoY | -4.4% | -48.8% |
| Net Profit YoY | -400.9% | 58.7% |
| EPS (diluted) | $-0.62 | $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 | $16.7M | $11.1M | ||
| Q3 25 | $20.2M | $12.5M | ||
| Q2 25 | $13.9M | $12.1M | ||
| Q1 25 | $11.4M | $11.5M | ||
| Q4 24 | $17.5M | $21.7M | ||
| Q3 24 | $23.1M | $12.5M | ||
| Q2 24 | — | $6.7M | ||
| Q1 24 | — | $-12.8M |
| Q4 25 | $-4.3M | $24.0M | ||
| Q3 25 | $-2.9M | $50.9M | ||
| Q2 25 | $-4.1M | $22.3M | ||
| Q1 25 | $-4.1M | $26.0M | ||
| Q4 24 | $1.4M | $15.2M | ||
| Q3 24 | $-2.3M | $23.3M | ||
| Q2 24 | — | $12.1M | ||
| Q1 24 | — | $-14.6M |
| Q4 25 | 13.3% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -13.3% | — | ||
| Q3 25 | -4.4% | — | ||
| Q2 25 | -15.0% | — | ||
| Q1 25 | -31.3% | — | ||
| Q4 24 | -12.8% | — | ||
| Q3 24 | -7.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -25.6% | 216.6% | ||
| Q3 25 | -14.2% | 407.0% | ||
| Q2 25 | -29.4% | 184.5% | ||
| Q1 25 | -35.9% | 225.6% | ||
| Q4 24 | 8.1% | 69.9% | ||
| Q3 24 | -9.8% | 186.4% | ||
| Q2 24 | — | 179.7% | ||
| Q1 24 | — | 114.3% |
| Q4 25 | $-0.62 | $0.47 | ||
| Q3 25 | $-0.42 | $1.14 | ||
| Q2 25 | $-0.44 | $0.54 | ||
| Q1 25 | $-0.58 | $0.70 | ||
| Q4 24 | $0.20 | $0.71 | ||
| Q3 24 | $-0.65 | $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 | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8M | $31.1M |
| Total DebtLower is stronger | $84.8K | $771.2M |
| Stockholders' EquityBook value | $-11.8M | $388.0M |
| Total Assets | $42.0M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $31.1M | ||
| Q3 25 | $1.5M | $17.9M | ||
| Q2 25 | $1.9M | $9.1M | ||
| Q1 25 | $3.8M | $19.2M | ||
| Q4 24 | $3.9M | $3.9M | ||
| Q3 24 | $9.2M | $34.7M | ||
| Q2 24 | — | $4.3M | ||
| Q1 24 | — | $13.5M |
| Q4 25 | $84.8K | $771.2M | ||
| Q3 25 | $90.2K | $720.9M | ||
| Q2 25 | $97.2K | $815.6M | ||
| Q1 25 | $100.5K | $831.5M | ||
| Q4 24 | $105.5K | $799.3M | ||
| Q3 24 | $110.3K | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
| Q4 25 | $-11.8M | $388.0M | ||
| Q3 25 | $-7.9M | $375.4M | ||
| Q2 25 | $-5.4M | $348.2M | ||
| Q1 25 | $-1.6M | $343.7M | ||
| Q4 24 | $2.2M | $336.5M | ||
| Q3 24 | $457.2K | $335.8M | ||
| Q2 24 | — | $327.5M | ||
| Q1 24 | — | $327.1M |
| Q4 25 | $42.0M | $5.3B | ||
| Q3 25 | $49.8M | $5.3B | ||
| Q2 25 | $26.0M | $5.4B | ||
| Q1 25 | $32.9M | $5.4B | ||
| Q4 24 | $31.9M | $5.4B | ||
| Q3 24 | $49.5M | $5.7B | ||
| Q2 24 | — | $6.6B | ||
| Q1 24 | — | $7.1B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | 0.05× | 2.38× | ||
| Q3 24 | 0.24× | 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 | $284.2K | $-4.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $284.2K | $-4.5M | ||
| Q3 25 | $-376.8K | $8.1M | ||
| Q2 25 | $-1.9M | $3.3M | ||
| Q1 25 | $-178.4K | $16.0M | ||
| Q4 24 | $-4.2M | $4.4M | ||
| Q3 24 | $-243.5K | $14.7M | ||
| Q2 24 | — | $-7.5M | ||
| Q1 24 | — | $17.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-4.3M | — | ||
| Q3 24 | $-278.5K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | -1.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | -2.97× | 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.