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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

Bigger by revenue
FOXX
FOXX
1.5× larger
FOXX
$16.7M
$11.1M
NREF
Growing faster (revenue YoY)
FOXX
FOXX
+44.5% gap
FOXX
-4.4%
-48.8%
NREF
Higher net margin
NREF
NREF
242.3% more per $
NREF
216.6%
-25.6%
FOXX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FOXX
FOXX
NREF
NREF
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.

Revenue
FOXX
FOXX
NREF
NREF
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
Net Profit
FOXX
FOXX
NREF
NREF
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
Gross Margin
FOXX
FOXX
NREF
NREF
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
Operating Margin
FOXX
FOXX
NREF
NREF
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
Net Margin
FOXX
FOXX
NREF
NREF
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%
EPS (diluted)
FOXX
FOXX
NREF
NREF
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
FOXX
FOXX
NREF
NREF
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.

Cash + ST Investments
FOXX
FOXX
NREF
NREF
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
Total Debt
FOXX
FOXX
NREF
NREF
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
Stockholders' Equity
FOXX
FOXX
NREF
NREF
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
Total Assets
FOXX
FOXX
NREF
NREF
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
Debt / Equity
FOXX
FOXX
NREF
NREF
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
FOXX
FOXX
NREF
NREF
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.

Operating Cash Flow
FOXX
FOXX
NREF
NREF
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
Free Cash Flow
FOXX
FOXX
NREF
NREF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-4.3M
Q3 24
$-278.5K
Q2 24
Q1 24
FCF Margin
FOXX
FOXX
NREF
NREF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-24.4%
Q3 24
-1.2%
Q2 24
Q1 24
Capex Intensity
FOXX
FOXX
NREF
NREF
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
Q1 24
Cash Conversion
FOXX
FOXX
NREF
NREF
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.

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