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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and REED'S, INC. (REED). 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 $7.5M, roughly 1.5× REED'S, INC.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -50.5%, a 267.2% gap on every dollar of revenue. On growth, REED'S, INC. posted the faster year-over-year revenue change (-23.1% 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.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
NREF vs REED — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $7.5M |
| Net Profit | $24.0M | $-3.8M |
| Gross Margin | — | 20.4% |
| Operating Margin | — | -46.9% |
| Net Margin | 216.6% | -50.5% |
| Revenue YoY | -48.8% | -23.1% |
| Net Profit YoY | 58.7% | 8.2% |
| EPS (diluted) | $0.47 | $-1.26 |
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 | $11.1M | $7.5M | ||
| Q3 25 | $12.5M | $7.0M | ||
| Q2 25 | $12.1M | $9.5M | ||
| Q1 25 | $11.5M | $10.0M | ||
| Q4 24 | $21.7M | $9.7M | ||
| Q3 24 | $12.5M | $6.8M | ||
| Q2 24 | $6.7M | $11.9M | ||
| Q1 24 | $-12.8M | $9.6M |
| Q4 25 | $24.0M | $-3.8M | ||
| Q3 25 | $50.9M | $-4.0M | ||
| Q2 25 | $22.3M | $-6.0M | ||
| Q1 25 | $26.0M | $-2.0M | ||
| Q4 24 | $15.2M | $-4.1M | ||
| Q3 24 | $23.3M | $-4.2M | ||
| Q2 24 | $12.1M | $-3.2M | ||
| Q1 24 | $-14.6M | $-1.7M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 35.6% |
| Q4 25 | — | -46.9% | ||
| Q3 25 | — | -58.3% | ||
| Q2 25 | — | -60.8% | ||
| Q1 25 | — | -17.4% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | — | -46.5% | ||
| Q2 24 | — | -5.6% | ||
| Q1 24 | — | -6.8% |
| Q4 25 | 216.6% | -50.5% | ||
| Q3 25 | 407.0% | -56.6% | ||
| Q2 25 | 184.5% | -63.5% | ||
| Q1 25 | 225.6% | -20.3% | ||
| Q4 24 | 69.9% | -42.3% | ||
| Q3 24 | 186.4% | -61.5% | ||
| Q2 24 | 179.7% | -27.1% | ||
| Q1 24 | 114.3% | -17.4% |
| Q4 25 | $0.47 | $-1.26 | ||
| Q3 25 | $1.14 | $-0.48 | ||
| Q2 25 | $0.54 | $-0.13 | ||
| Q1 25 | $0.70 | $-0.04 | ||
| Q4 24 | $0.71 | $-3.73 | ||
| Q3 24 | $0.74 | $-4.91 | ||
| Q2 24 | $0.40 | $-0.77 | ||
| Q1 24 | $-0.83 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.1M | — |
| Total DebtLower is stronger | $771.2M | — |
| Stockholders' EquityBook value | $388.0M | $9.2M |
| Total Assets | $5.3B | $23.3M |
| Debt / EquityLower = less leverage | 1.99× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| 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 | — |
| Q4 25 | $388.0M | $9.2M | ||
| Q3 25 | $375.4M | $2.8M | ||
| Q2 25 | $348.2M | $1.7M | ||
| Q1 25 | $343.7M | $4.7M | ||
| Q4 24 | $336.5M | $6.6M | ||
| Q3 24 | $335.8M | $-22.0M | ||
| Q2 24 | $327.5M | $-23.8M | ||
| Q1 24 | $327.1M | $-20.7M |
| Q4 25 | $5.3B | $23.3M | ||
| Q3 25 | $5.3B | $19.9M | ||
| Q2 25 | $5.4B | $23.7M | ||
| Q1 25 | $5.4B | $24.5M | ||
| Q4 24 | $5.4B | $25.1M | ||
| Q3 24 | $5.7B | $15.0M | ||
| Q2 24 | $6.6B | $18.7M | ||
| Q1 24 | $7.1B | $19.3M |
| 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 | $-4.5M | $-3.8M |
| Free Cash FlowOCF − Capex | — | $-3.9M |
| FCF MarginFCF / Revenue | — | -52.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | -0.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.5M | $-3.8M | ||
| Q3 25 | $8.1M | $-2.8M | ||
| Q2 25 | $3.3M | $-5.0M | ||
| Q1 25 | $16.0M | $-5.4M | ||
| Q4 24 | $4.4M | $-3.9M | ||
| Q3 24 | $14.7M | $1.1M | ||
| Q2 24 | $-7.5M | $-912.0K | ||
| Q1 24 | $17.7M | $-2.4M |
| Q4 25 | — | $-3.9M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | — | $-924.0K | ||
| Q1 24 | — | $-2.4M |
| Q4 25 | — | -52.0% | ||
| Q3 25 | — | -41.5% | ||
| Q2 25 | — | -53.2% | ||
| Q1 25 | — | -54.2% | ||
| Q4 24 | — | -40.8% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | -25.1% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.2% |
| 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.
