vs

Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.1M, roughly 1.2× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -13.2%, a 229.8% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -48.8%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

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.

LSF vs NREF — Head-to-Head

Bigger by revenue
LSF
LSF
1.2× larger
LSF
$13.3M
$11.1M
NREF
Growing faster (revenue YoY)
LSF
LSF
+63.8% gap
LSF
15.0%
-48.8%
NREF
Higher net margin
NREF
NREF
229.8% more per $
NREF
216.6%
-13.2%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
NREF
NREF
Revenue
$13.3M
$11.1M
Net Profit
$-1.8M
$24.0M
Gross Margin
34.1%
Operating Margin
-13.5%
Net Margin
-13.2%
216.6%
Revenue YoY
15.0%
-48.8%
Net Profit YoY
-341.4%
58.7%
EPS (diluted)
$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
LSF
LSF
NREF
NREF
Q4 25
$13.3M
$11.1M
Q3 25
$12.9M
$12.5M
Q2 25
$12.0M
$12.1M
Q1 25
$11.7M
$11.5M
Q4 24
$11.6M
$21.7M
Q3 24
$11.8M
$12.5M
Q2 24
$10.0M
$6.7M
Q1 24
$9.9M
$-12.8M
Net Profit
LSF
LSF
NREF
NREF
Q4 25
$-1.8M
$24.0M
Q3 25
$-975.1K
$50.9M
Q2 25
$-362.2K
$22.3M
Q1 25
$-156.2K
$26.0M
Q4 24
$-398.4K
$15.2M
Q3 24
$-166.1K
$23.3M
Q2 24
$-239.1K
$12.1M
Q1 24
$-1.0M
$-14.6M
Gross Margin
LSF
LSF
NREF
NREF
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
NREF
NREF
Q4 25
-13.5%
Q3 25
-7.7%
Q2 25
-3.3%
Q1 25
-1.9%
Q4 24
-4.1%
Q3 24
-2.3%
Q2 24
-3.4%
Q1 24
-11.0%
Net Margin
LSF
LSF
NREF
NREF
Q4 25
-13.2%
216.6%
Q3 25
-7.6%
407.0%
Q2 25
-3.0%
184.5%
Q1 25
-1.3%
225.6%
Q4 24
-3.4%
69.9%
Q3 24
-1.4%
186.4%
Q2 24
-2.4%
179.7%
Q1 24
-10.3%
114.3%
EPS (diluted)
LSF
LSF
NREF
NREF
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$0.54
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$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
LSF
LSF
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$5.1M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$11.5M
$388.0M
Total Assets
$19.2M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
NREF
NREF
Q4 25
$5.1M
$31.1M
Q3 25
$5.1M
$17.9M
Q2 25
$3.9M
$9.1M
Q1 25
$7.0M
$19.2M
Q4 24
$8.3M
$3.9M
Q3 24
$7.9M
$34.7M
Q2 24
$7.6M
$4.3M
Q1 24
$7.1M
$13.5M
Total Debt
LSF
LSF
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
LSF
LSF
NREF
NREF
Q4 25
$11.5M
$388.0M
Q3 25
$12.8M
$375.4M
Q2 25
$13.4M
$348.2M
Q1 25
$13.3M
$343.7M
Q4 24
$13.2M
$336.5M
Q3 24
$13.1M
$335.8M
Q2 24
$12.6M
$327.5M
Q1 24
$12.7M
$327.1M
Total Assets
LSF
LSF
NREF
NREF
Q4 25
$19.2M
$5.3B
Q3 25
$18.9M
$5.3B
Q2 25
$20.4M
$5.4B
Q1 25
$21.5M
$5.4B
Q4 24
$19.3M
$5.4B
Q3 24
$18.8M
$5.7B
Q2 24
$18.0M
$6.6B
Q1 24
$17.6M
$7.1B
Debt / Equity
LSF
LSF
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
LSF
LSF
NREF
NREF
Operating Cash FlowLast quarter
$68.4K
$-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
LSF
LSF
NREF
NREF
Q4 25
$68.4K
$-4.5M
Q3 25
$1.2M
$8.1M
Q2 25
$-2.8M
$3.3M
Q1 25
$-1.3M
$16.0M
Q4 24
$339.2K
$4.4M
Q3 24
$305.8K
$14.7M
Q2 24
$642.7K
$-7.5M
Q1 24
$-422.3K
$17.7M
Cash Conversion
LSF
LSF
NREF
NREF
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.

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

NREF
NREF

Segment breakdown not available.

Related Comparisons