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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and Sunshine Biopharma Inc. (SBFM). 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 $8.6M, roughly 1.3× Sunshine Biopharma Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -25.0%, a 241.6% gap on every dollar of revenue. On growth, Sunshine Biopharma Inc. posted the faster year-over-year revenue change (-10.6% 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.

Sunshine Biopharma Inc. is a clinical-stage biopharmaceutical company focused on researching, developing and commercializing innovative therapies for oncology, neurodegenerative disorders and infectious diseases. It targets unmet medical needs across global markets, with a pipeline of targeted therapeutic candidates designed to improve patient treatment outcomes.

NREF vs SBFM — Head-to-Head

Bigger by revenue
NREF
NREF
1.3× larger
NREF
$11.1M
$8.6M
SBFM
Growing faster (revenue YoY)
SBFM
SBFM
+38.2% gap
SBFM
-10.6%
-48.8%
NREF
Higher net margin
NREF
NREF
241.6% more per $
NREF
216.6%
-25.0%
SBFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NREF
NREF
SBFM
SBFM
Revenue
$11.1M
$8.6M
Net Profit
$24.0M
$-2.1M
Gross Margin
35.3%
Operating Margin
-20.9%
Net Margin
216.6%
-25.0%
Revenue YoY
-48.8%
-10.6%
Net Profit YoY
58.7%
0.8%
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
NREF
NREF
SBFM
SBFM
Q4 25
$11.1M
$8.6M
Q3 25
$12.5M
$9.4M
Q2 25
$12.1M
$9.4M
Q1 25
$11.5M
$8.9M
Q4 24
$21.7M
$9.6M
Q3 24
$12.5M
$8.4M
Q2 24
$6.7M
$9.3M
Q1 24
$-12.8M
$7.5M
Net Profit
NREF
NREF
SBFM
SBFM
Q4 25
$24.0M
$-2.1M
Q3 25
$50.9M
$-883.8K
Q2 25
$22.3M
$-1.8M
Q1 25
$26.0M
$-1.2M
Q4 24
$15.2M
$-2.2M
Q3 24
$23.3M
$-1.2M
Q2 24
$12.1M
$-494.3K
Q1 24
$-14.6M
$-1.3M
Gross Margin
NREF
NREF
SBFM
SBFM
Q4 25
35.3%
Q3 25
32.6%
Q2 25
36.4%
Q1 25
30.7%
Q4 24
32.2%
Q3 24
34.0%
Q2 24
25.3%
Q1 24
31.2%
Operating Margin
NREF
NREF
SBFM
SBFM
Q4 25
-20.9%
Q3 25
-11.5%
Q2 25
-21.8%
Q1 25
-14.6%
Q4 24
-21.7%
Q3 24
-13.1%
Q2 24
-13.6%
Q1 24
-17.9%
Net Margin
NREF
NREF
SBFM
SBFM
Q4 25
216.6%
-25.0%
Q3 25
407.0%
-9.4%
Q2 25
184.5%
-18.8%
Q1 25
225.6%
-13.3%
Q4 24
69.9%
-22.5%
Q3 24
186.4%
-14.2%
Q2 24
179.7%
-5.3%
Q1 24
114.3%
-17.0%
EPS (diluted)
NREF
NREF
SBFM
SBFM
Q4 25
$0.47
Q3 25
$1.14
$-0.54
Q2 25
$0.54
$-0.82
Q1 25
$0.70
$-0.44
Q4 24
$0.71
$49.77
Q3 24
$0.74
$-11.61
Q2 24
$0.40
$-43.48
Q1 24
$-0.83
$-2.00

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
SBFM
SBFM
Cash + ST InvestmentsLiquidity on hand
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$23.0M
Total Assets
$5.3B
$30.1M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
SBFM
SBFM
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
NREF
NREF
SBFM
SBFM
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
NREF
NREF
SBFM
SBFM
Q4 25
$388.0M
$23.0M
Q3 25
$375.4M
$24.2M
Q2 25
$348.2M
$25.7M
Q1 25
$343.7M
$22.7M
Q4 24
$336.5M
$23.5M
Q3 24
$335.8M
$25.0M
Q2 24
$327.5M
$23.5M
Q1 24
$327.1M
$24.8M
Total Assets
NREF
NREF
SBFM
SBFM
Q4 25
$5.3B
$30.1M
Q3 25
$5.3B
$31.5M
Q2 25
$5.4B
$32.0M
Q1 25
$5.4B
$29.2M
Q4 24
$5.4B
$30.6M
Q3 24
$5.7B
$30.1M
Q2 24
$6.6B
$29.3M
Q1 24
$7.1B
$31.9M
Debt / Equity
NREF
NREF
SBFM
SBFM
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
NREF
NREF
SBFM
SBFM
Operating Cash FlowLast quarter
$-4.5M
$-1.6M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-18.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
SBFM
SBFM
Q4 25
$-4.5M
$-1.6M
Q3 25
$8.1M
$-727.8K
Q2 25
$3.3M
$-1.3M
Q1 25
$16.0M
$-1.7M
Q4 24
$4.4M
$-3.4M
Q3 24
$14.7M
$-1.4M
Q2 24
$-7.5M
$-4.6M
Q1 24
$17.7M
$-3.2M
Free Cash Flow
NREF
NREF
SBFM
SBFM
Q4 25
$-1.6M
Q3 25
$-735.8K
Q2 25
$-1.4M
Q1 25
$-1.7M
Q4 24
$-3.5M
Q3 24
$-1.9M
Q2 24
$-5.6M
Q1 24
$-3.2M
FCF Margin
NREF
NREF
SBFM
SBFM
Q4 25
-18.9%
Q3 25
-7.8%
Q2 25
-15.2%
Q1 25
-19.3%
Q4 24
-36.6%
Q3 24
-22.2%
Q2 24
-59.7%
Q1 24
-43.1%
Capex Intensity
NREF
NREF
SBFM
SBFM
Q4 25
0.0%
Q3 25
0.1%
Q2 25
1.7%
Q1 25
0.1%
Q4 24
1.1%
Q3 24
6.1%
Q2 24
10.5%
Q1 24
0.8%
Cash Conversion
NREF
NREF
SBFM
SBFM
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.

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