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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $11.1M, roughly 1.1× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -69.8%, a 286.4% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -48.8%).
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
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.
LOCL vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $11.1M |
| Net Profit | $-8.7M | $24.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | -106.1% | — |
| Net Margin | -69.8% | 216.6% |
| Revenue YoY | 23.7% | -48.8% |
| Net Profit YoY | 76.0% | 58.7% |
| EPS (diluted) | $1.52 | $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 | $12.5M | $11.1M | ||
| Q3 25 | $12.2M | $12.5M | ||
| Q2 25 | $12.1M | $12.1M | ||
| Q1 25 | $11.6M | $11.5M | ||
| Q4 24 | $10.1M | $21.7M | ||
| Q3 24 | $10.2M | $12.5M | ||
| Q2 24 | $9.4M | $6.7M | ||
| Q1 24 | $8.4M | $-12.8M |
| Q4 25 | $-8.7M | $24.0M | ||
| Q3 25 | $-26.4M | $50.9M | ||
| Q2 25 | $-21.6M | $22.3M | ||
| Q1 25 | $-37.7M | $26.0M | ||
| Q4 24 | $-36.3M | $15.2M | ||
| Q3 24 | $-34.3M | $23.3M | ||
| Q2 24 | $-25.3M | $12.1M | ||
| Q1 24 | $-24.1M | $-14.6M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | 9.4% | — |
| Q4 25 | -106.1% | — | ||
| Q3 25 | -149.4% | — | ||
| Q2 25 | -127.7% | — | ||
| Q1 25 | -135.6% | — | ||
| Q4 24 | -166.6% | — | ||
| Q3 24 | -176.0% | — | ||
| Q2 24 | -146.8% | — | ||
| Q1 24 | -122.9% | — |
| Q4 25 | -69.8% | 216.6% | ||
| Q3 25 | -216.6% | 407.0% | ||
| Q2 25 | -178.3% | 184.5% | ||
| Q1 25 | -324.6% | 225.6% | ||
| Q4 24 | -360.1% | 69.9% | ||
| Q3 24 | -335.2% | 186.4% | ||
| Q2 24 | -267.6% | 179.7% | ||
| Q1 24 | -286.9% | 114.3% |
| Q4 25 | $1.52 | $0.47 | ||
| Q3 25 | $-1.18 | $1.14 | ||
| Q2 25 | $-1.63 | $0.54 | ||
| Q1 25 | $-4.32 | $0.70 | ||
| Q4 24 | $-4.24 | $0.71 | ||
| Q3 24 | $-4.01 | $0.74 | ||
| Q2 24 | $-3.00 | $0.40 | ||
| Q1 24 | $-2.89 | $-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 | $4.2M | $31.1M |
| Total DebtLower is stronger | $483.1M | $771.2M |
| Stockholders' EquityBook value | $-166.2M | $388.0M |
| Total Assets | $410.5M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $31.1M | ||
| Q3 25 | $6.2M | $17.9M | ||
| Q2 25 | $5.3M | $9.1M | ||
| Q1 25 | $18.0M | $19.2M | ||
| Q4 24 | $937.0K | $3.9M | ||
| Q3 24 | $317.0K | $34.7M | ||
| Q2 24 | $9.7M | $4.3M | ||
| Q1 24 | $8.2M | $13.5M |
| Q4 25 | $483.1M | $771.2M | ||
| Q3 25 | $484.9M | $720.9M | ||
| Q2 25 | $478.3M | $815.6M | ||
| Q1 25 | $480.0M | $831.5M | ||
| Q4 24 | $436.8M | $799.3M | ||
| Q3 24 | $398.4M | $815.5M | ||
| Q2 24 | $374.0M | $861.0M | ||
| Q1 24 | $329.8M | $843.3M |
| Q4 25 | $-166.2M | $388.0M | ||
| Q3 25 | $-158.1M | $375.4M | ||
| Q2 25 | $-132.7M | $348.2M | ||
| Q1 25 | $-134.5M | $343.7M | ||
| Q4 24 | $-100.5M | $336.5M | ||
| Q3 24 | $-65.6M | $335.8M | ||
| Q2 24 | $-32.8M | $327.5M | ||
| Q1 24 | $-9.4M | $327.1M |
| Q4 25 | $410.5M | $5.3B | ||
| Q3 25 | $417.8M | $5.3B | ||
| Q2 25 | $426.8M | $5.4B | ||
| Q1 25 | $447.2M | $5.4B | ||
| Q4 24 | $428.0M | $5.4B | ||
| Q3 24 | $430.8M | $5.7B | ||
| Q2 24 | $438.1M | $6.6B | ||
| Q1 24 | $413.4M | $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 | $-3.1M | $-4.5M |
| Free Cash FlowOCF − Capex | $-3.6M | — |
| FCF MarginFCF / Revenue | -29.1% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-4.5M | ||
| Q3 25 | $-8.9M | $8.1M | ||
| Q2 25 | $-8.7M | $3.3M | ||
| Q1 25 | $-9.6M | $16.0M | ||
| Q4 24 | $1.2M | $4.4M | ||
| Q3 24 | $-17.2M | $14.7M | ||
| Q2 24 | $-4.0M | $-7.5M | ||
| Q1 24 | $-7.1M | $17.7M |
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-10.1M | — | ||
| Q2 25 | $-14.6M | — | ||
| Q1 25 | $-14.5M | — | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-30.0M | — | ||
| Q2 24 | $-28.8M | — | ||
| Q1 24 | $-42.1M | — |
| Q4 25 | -29.1% | — | ||
| Q3 25 | -82.8% | — | ||
| Q2 25 | -121.0% | — | ||
| Q1 25 | -125.1% | — | ||
| Q4 24 | -85.3% | — | ||
| Q3 24 | -293.1% | — | ||
| Q2 24 | -305.4% | — | ||
| Q1 24 | -501.8% | — |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 48.9% | — | ||
| Q1 25 | 42.8% | — | ||
| Q4 24 | 97.6% | — | ||
| Q3 24 | 125.0% | — | ||
| Q2 24 | 263.0% | — | ||
| Q1 24 | 417.3% | — |
| 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.
