vs

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

Entrada Therapeutics, Inc. is the larger business by last-quarter revenue ($20.6M vs $11.1M, roughly 1.9× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -84.4%, a 301.0% gap on every dollar of revenue. On growth, NexPoint Real Estate Finance, Inc. posted the faster year-over-year revenue change (-48.8% vs -65.2%).

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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

NREF vs TRDA — Head-to-Head

Bigger by revenue
TRDA
TRDA
1.9× larger
TRDA
$20.6M
$11.1M
NREF
Growing faster (revenue YoY)
NREF
NREF
+16.4% gap
NREF
-48.8%
-65.2%
TRDA
Higher net margin
NREF
NREF
301.0% more per $
NREF
216.6%
-84.4%
TRDA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
NREF
NREF
TRDA
TRDA
Revenue
$11.1M
$20.6M
Net Profit
$24.0M
$-17.3M
Gross Margin
Operating Margin
-106.0%
Net Margin
216.6%
-84.4%
Revenue YoY
-48.8%
-65.2%
Net Profit YoY
58.7%
-173.8%
EPS (diluted)
$0.47
$-0.42

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
TRDA
TRDA
Q4 25
$11.1M
Q3 25
$12.5M
Q2 25
$12.1M
Q1 25
$11.5M
$20.6M
Q4 24
$21.7M
$37.4M
Q3 24
$12.5M
$19.6M
Q2 24
$6.7M
$94.7M
Q1 24
$-12.8M
$59.1M
Net Profit
NREF
NREF
TRDA
TRDA
Q4 25
$24.0M
Q3 25
$50.9M
Q2 25
$22.3M
Q1 25
$26.0M
$-17.3M
Q4 24
$15.2M
$1.1M
Q3 24
$23.3M
$-14.0M
Q2 24
$12.1M
$55.0M
Q1 24
$-14.6M
$23.5M
Operating Margin
NREF
NREF
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-106.0%
Q4 24
-15.7%
Q3 24
-110.7%
Q2 24
56.4%
Q1 24
35.7%
Net Margin
NREF
NREF
TRDA
TRDA
Q4 25
216.6%
Q3 25
407.0%
Q2 25
184.5%
Q1 25
225.6%
-84.4%
Q4 24
69.9%
3.0%
Q3 24
186.4%
-71.7%
Q2 24
179.7%
58.1%
Q1 24
114.3%
39.7%
EPS (diluted)
NREF
NREF
TRDA
TRDA
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$0.54
Q1 25
$0.70
$-0.42
Q4 24
$0.71
$-0.20
Q3 24
$0.74
$-0.35
Q2 24
$0.40
$1.55
Q1 24
$-0.83
$0.68

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$31.1M
$67.8M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$417.3M
Total Assets
$5.3B
$486.5M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
TRDA
TRDA
Q4 25
$31.1M
Q3 25
$17.9M
Q2 25
$9.1M
Q1 25
$19.2M
$67.8M
Q4 24
$3.9M
$101.2M
Q3 24
$34.7M
$78.0M
Q2 24
$4.3M
$185.3M
Q1 24
$13.5M
$68.4M
Total Debt
NREF
NREF
TRDA
TRDA
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
TRDA
TRDA
Q4 25
$388.0M
Q3 25
$375.4M
Q2 25
$348.2M
Q1 25
$343.7M
$417.3M
Q4 24
$336.5M
$428.7M
Q3 24
$335.8M
$422.4M
Q2 24
$327.5M
$429.9M
Q1 24
$327.1M
$269.4M
Total Assets
NREF
NREF
TRDA
TRDA
Q4 25
$5.3B
Q3 25
$5.3B
Q2 25
$5.4B
Q1 25
$5.4B
$486.5M
Q4 24
$5.4B
$526.3M
Q3 24
$5.7B
$554.6M
Q2 24
$6.6B
$582.0M
Q1 24
$7.1B
$510.8M
Debt / Equity
NREF
NREF
TRDA
TRDA
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
TRDA
TRDA
Operating Cash FlowLast quarter
$-4.5M
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
TRDA
TRDA
Q4 25
$-4.5M
Q3 25
$8.1M
Q2 25
$3.3M
Q1 25
$16.0M
$-38.5M
Q4 24
$4.4M
$-31.6M
Q3 24
$14.7M
$-24.3M
Q2 24
$-7.5M
$39.8M
Q1 24
$17.7M
$-25.5M
Free Cash Flow
NREF
NREF
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
$-39.7M
Q4 24
$-32.2M
Q3 24
$-24.9M
Q2 24
$38.8M
Q1 24
$-26.4M
FCF Margin
NREF
NREF
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-192.9%
Q4 24
-86.2%
Q3 24
-127.3%
Q2 24
41.0%
Q1 24
-44.6%
Capex Intensity
NREF
NREF
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
5.6%
Q4 24
1.7%
Q3 24
3.3%
Q2 24
1.1%
Q1 24
1.4%
Cash Conversion
NREF
NREF
TRDA
TRDA
Q4 25
-0.19×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.62×
Q4 24
0.29×
-27.94×
Q3 24
0.63×
Q2 24
-0.62×
0.72×
Q1 24
-1.09×

Financial Flow Comparison

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

Related Comparisons