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

Ucommune International Ltd is the larger business by last-quarter revenue ($16.4M vs $11.1M, roughly 1.5× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -42.2%, a 258.8% gap on every dollar of revenue. On growth, NexPoint Real Estate Finance, Inc. posted the faster year-over-year revenue change (-48.8% vs -56.1%).

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.

Ucommune International Ltd., formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, Ucommune had completed i...

NREF vs UK — Head-to-Head

Bigger by revenue
UK
UK
1.5× larger
UK
$16.4M
$11.1M
NREF
Growing faster (revenue YoY)
NREF
NREF
+7.2% gap
NREF
-48.8%
-56.1%
UK
Higher net margin
NREF
NREF
258.8% more per $
NREF
216.6%
-42.2%
UK

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
NREF
NREF
UK
UK
Revenue
$11.1M
$16.4M
Net Profit
$24.0M
$-6.9M
Gross Margin
Operating Margin
-23.6%
Net Margin
216.6%
-42.2%
Revenue YoY
-48.8%
-56.1%
Net Profit YoY
58.7%
-30.2%
EPS (diluted)
$0.47
$-8.55

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
UK
UK
Q4 25
$11.1M
Q3 25
$12.5M
Q2 25
$12.1M
Q1 25
$11.5M
Q4 24
$21.7M
Q3 24
$12.5M
Q2 24
$6.7M
$16.4M
Q1 24
$-12.8M
Net Profit
NREF
NREF
UK
UK
Q4 25
$24.0M
Q3 25
$50.9M
Q2 25
$22.3M
Q1 25
$26.0M
Q4 24
$15.2M
Q3 24
$23.3M
Q2 24
$12.1M
$-6.9M
Q1 24
$-14.6M
Operating Margin
NREF
NREF
UK
UK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-23.6%
Q1 24
Net Margin
NREF
NREF
UK
UK
Q4 25
216.6%
Q3 25
407.0%
Q2 25
184.5%
Q1 25
225.6%
Q4 24
69.9%
Q3 24
186.4%
Q2 24
179.7%
-42.2%
Q1 24
114.3%
EPS (diluted)
NREF
NREF
UK
UK
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
$-8.55
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
UK
UK
Cash + ST InvestmentsLiquidity on hand
$31.1M
$10.7M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$4.7M
Total Assets
$5.3B
$68.0M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
UK
UK
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
$10.7M
Q1 24
$13.5M
Total Debt
NREF
NREF
UK
UK
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
UK
UK
Q4 25
$388.0M
Q3 25
$375.4M
Q2 25
$348.2M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$327.5M
$4.7M
Q1 24
$327.1M
Total Assets
NREF
NREF
UK
UK
Q4 25
$5.3B
Q3 25
$5.3B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.7B
Q2 24
$6.6B
$68.0M
Q1 24
$7.1B
Debt / Equity
NREF
NREF
UK
UK
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
UK
UK
Operating Cash FlowLast quarter
$-4.5M
$-677.0K
Free Cash FlowOCF − Capex
$-892.0K
FCF MarginFCF / Revenue
-5.5%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
UK
UK
Q4 25
$-4.5M
Q3 25
$8.1M
Q2 25
$3.3M
Q1 25
$16.0M
Q4 24
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
$-677.0K
Q1 24
$17.7M
Free Cash Flow
NREF
NREF
UK
UK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-892.0K
Q1 24
FCF Margin
NREF
NREF
UK
UK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-5.5%
Q1 24
Capex Intensity
NREF
NREF
UK
UK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.3%
Q1 24
Cash Conversion
NREF
NREF
UK
UK
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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