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Side-by-side financial comparison of HireQuest, Inc. (HQI) 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 $7.0M, roughly 1.6× HireQuest, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 22.8%, a 193.8% gap on every dollar of revenue. On growth, HireQuest, Inc. posted the faster year-over-year revenue change (-13.0% vs -48.8%).

Quest, also known as Quest - Hire a Hero, is a Singapore-based technology company founded in 2021 that operates an AI-powered on-demand services marketplace. The platform connects users with verified workers, known as “Heroes” to complete a wide range of tasks.

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.

HQI vs NREF — Head-to-Head

Bigger by revenue
NREF
NREF
1.6× larger
NREF
$11.1M
$7.0M
HQI
Growing faster (revenue YoY)
HQI
HQI
+35.8% gap
HQI
-13.0%
-48.8%
NREF
Higher net margin
NREF
NREF
193.8% more per $
NREF
216.6%
22.8%
HQI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HQI
HQI
NREF
NREF
Revenue
$7.0M
$11.1M
Net Profit
$1.6M
$24.0M
Gross Margin
Operating Margin
18.6%
Net Margin
22.8%
216.6%
Revenue YoY
-13.0%
-48.8%
Net Profit YoY
-27.8%
58.7%
EPS (diluted)
$0.11
$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
HQI
HQI
NREF
NREF
Q4 25
$7.0M
$11.1M
Q3 25
$8.5M
$12.5M
Q2 25
$7.6M
$12.1M
Q1 25
$7.5M
$11.5M
Q4 24
$8.1M
$21.7M
Q3 24
$9.4M
$12.5M
Q2 24
$8.7M
$6.7M
Q1 24
$8.4M
$-12.8M
Net Profit
HQI
HQI
NREF
NREF
Q4 25
$1.6M
$24.0M
Q3 25
$2.3M
$50.9M
Q2 25
$1.1M
$22.3M
Q1 25
$1.4M
$26.0M
Q4 24
$2.2M
$15.2M
Q3 24
$-2.2M
$23.3M
Q2 24
$2.0M
$12.1M
Q1 24
$1.6M
$-14.6M
Operating Margin
HQI
HQI
NREF
NREF
Q4 25
18.6%
Q3 25
28.8%
Q2 25
13.7%
Q1 25
19.8%
Q4 24
28.0%
Q3 24
-28.6%
Q2 24
31.0%
Q1 24
25.0%
Net Margin
HQI
HQI
NREF
NREF
Q4 25
22.8%
216.6%
Q3 25
27.1%
407.0%
Q2 25
13.9%
184.5%
Q1 25
18.2%
225.6%
Q4 24
27.5%
69.9%
Q3 24
-23.4%
186.4%
Q2 24
23.5%
179.7%
Q1 24
19.2%
114.3%
EPS (diluted)
HQI
HQI
NREF
NREF
Q4 25
$0.11
$0.47
Q3 25
$0.16
$1.14
Q2 25
$0.08
$0.54
Q1 25
$0.10
$0.70
Q4 24
$0.15
$0.71
Q3 24
$-0.16
$0.74
Q2 24
$0.15
$0.40
Q1 24
$0.12
$-0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HQI
HQI
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$68.3M
$388.0M
Total Assets
$88.2M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HQI
HQI
NREF
NREF
Q4 25
$31.1M
Q3 25
$17.9M
Q2 25
$9.1M
Q1 25
$19.2M
Q4 24
$3.9M
Q3 24
$34.7M
Q2 24
$4.3M
Q1 24
$13.5M
Total Debt
HQI
HQI
NREF
NREF
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
Stockholders' Equity
HQI
HQI
NREF
NREF
Q4 25
$68.3M
$388.0M
Q3 25
$67.8M
$375.4M
Q2 25
$66.0M
$348.2M
Q1 25
$65.6M
$343.7M
Q4 24
$64.8M
$336.5M
Q3 24
$62.9M
$335.8M
Q2 24
$65.4M
$327.5M
Q1 24
$63.9M
$327.1M
Total Assets
HQI
HQI
NREF
NREF
Q4 25
$88.2M
$5.3B
Q3 25
$94.9M
$5.3B
Q2 25
$94.3M
$5.4B
Q1 25
$93.7M
$5.4B
Q4 24
$94.0M
$5.4B
Q3 24
$102.7M
$5.7B
Q2 24
$107.6M
$6.6B
Q1 24
$105.9M
$7.1B
Debt / Equity
HQI
HQI
NREF
NREF
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
HQI
HQI
NREF
NREF
Operating Cash FlowLast quarter
$6.6M
$-4.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.12×
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HQI
HQI
NREF
NREF
Q4 25
$6.6M
$-4.5M
Q3 25
$1.0M
$8.1M
Q2 25
$2.6M
$3.3M
Q1 25
$1.9M
$16.0M
Q4 24
$8.7M
$4.4M
Q3 24
$4.2M
$14.7M
Q2 24
$188.0K
$-7.5M
Q1 24
$-967.0K
$17.7M
Cash Conversion
HQI
HQI
NREF
NREF
Q4 25
4.12×
-0.19×
Q3 25
0.45×
0.16×
Q2 25
2.41×
0.15×
Q1 25
1.36×
0.62×
Q4 24
3.90×
0.29×
Q3 24
0.63×
Q2 24
0.09×
-0.62×
Q1 24
-0.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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