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

SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $11.1M, roughly 1.3× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 37.5%, a 179.1% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% 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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

NREF vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.3× larger
SPCB
$14.2M
$11.1M
NREF
Growing faster (revenue YoY)
SPCB
SPCB
+47.4% gap
SPCB
-1.5%
-48.8%
NREF
Higher net margin
NREF
NREF
179.1% more per $
NREF
216.6%
37.5%
SPCB

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NREF
NREF
SPCB
SPCB
Revenue
$11.1M
$14.2M
Net Profit
$24.0M
$5.3M
Gross Margin
61.2%
Operating Margin
16.3%
Net Margin
216.6%
37.5%
Revenue YoY
-48.8%
-1.5%
Net Profit YoY
58.7%
79.5%
EPS (diluted)
$0.47
$1.32

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
SPCB
SPCB
Q4 25
$11.1M
Q3 25
$12.5M
Q2 25
$12.1M
$14.2M
Q1 25
$11.5M
Q4 24
$21.7M
Q3 24
$12.5M
Q2 24
$6.7M
$14.4M
Q1 24
$-12.8M
Net Profit
NREF
NREF
SPCB
SPCB
Q4 25
$24.0M
Q3 25
$50.9M
Q2 25
$22.3M
$5.3M
Q1 25
$26.0M
Q4 24
$15.2M
Q3 24
$23.3M
Q2 24
$12.1M
$3.0M
Q1 24
$-14.6M
Gross Margin
NREF
NREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
61.2%
Q1 25
Q4 24
Q3 24
Q2 24
52.3%
Q1 24
Operating Margin
NREF
NREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
16.3%
Q1 25
Q4 24
Q3 24
Q2 24
7.7%
Q1 24
Net Margin
NREF
NREF
SPCB
SPCB
Q4 25
216.6%
Q3 25
407.0%
Q2 25
184.5%
37.5%
Q1 25
225.6%
Q4 24
69.9%
Q3 24
186.4%
Q2 24
179.7%
20.6%
Q1 24
114.3%
EPS (diluted)
NREF
NREF
SPCB
SPCB
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$0.54
$1.32
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$0.74
Q2 24
$0.40
$1.19
Q1 24
$-0.83

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$31.1M
$15.0M
Total DebtLower is stronger
$771.2M
$23.6M
Stockholders' EquityBook value
$388.0M
$37.3M
Total Assets
$5.3B
$65.5M
Debt / EquityLower = less leverage
1.99×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
SPCB
SPCB
Q4 25
$31.1M
Q3 25
$17.9M
Q2 25
$9.1M
$15.0M
Q1 25
$19.2M
Q4 24
$3.9M
Q3 24
$34.7M
Q2 24
$4.3M
$5.7M
Q1 24
$13.5M
Total Debt
NREF
NREF
SPCB
SPCB
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$815.6M
$23.6M
Q1 25
$831.5M
Q4 24
$799.3M
Q3 24
$815.5M
Q2 24
$861.0M
$29.2M
Q1 24
$843.3M
Stockholders' Equity
NREF
NREF
SPCB
SPCB
Q4 25
$388.0M
Q3 25
$375.4M
Q2 25
$348.2M
$37.3M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$327.5M
$13.8M
Q1 24
$327.1M
Total Assets
NREF
NREF
SPCB
SPCB
Q4 25
$5.3B
Q3 25
$5.3B
Q2 25
$5.4B
$65.5M
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.7B
Q2 24
$6.6B
$49.6M
Q1 24
$7.1B
Debt / Equity
NREF
NREF
SPCB
SPCB
Q4 25
1.99×
Q3 25
1.92×
Q2 25
2.34×
0.63×
Q1 25
2.42×
Q4 24
2.38×
Q3 24
2.43×
Q2 24
2.63×
2.11×
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
SPCB
SPCB
Operating Cash FlowLast quarter
$-4.5M
$-2.2M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-25.3%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
-0.19×
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
SPCB
SPCB
Q4 25
$-4.5M
Q3 25
$8.1M
Q2 25
$3.3M
$-2.2M
Q1 25
$16.0M
Q4 24
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
$-950.0K
Q1 24
$17.7M
Free Cash Flow
NREF
NREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$-3.6M
Q1 25
Q4 24
Q3 24
Q2 24
$-1.6M
Q1 24
FCF Margin
NREF
NREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-25.3%
Q1 25
Q4 24
Q3 24
Q2 24
-10.8%
Q1 24
Capex Intensity
NREF
NREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
10.0%
Q1 25
Q4 24
Q3 24
Q2 24
4.2%
Q1 24
Cash Conversion
NREF
NREF
SPCB
SPCB
Q4 25
-0.19×
Q3 25
0.16×
Q2 25
0.15×
-0.41×
Q1 25
0.62×
Q4 24
0.29×
Q3 24
0.63×
Q2 24
-0.62×
-0.32×
Q1 24

Financial Flow Comparison

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

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