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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $11.1M, roughly 1.6× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -42.2%, a 258.9% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% 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.
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
NREF vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $17.3M |
| Net Profit | $24.0M | $-7.3M |
| Gross Margin | — | 63.0% |
| Operating Margin | — | -46.4% |
| Net Margin | 216.6% | -42.2% |
| Revenue YoY | -48.8% | 8.1% |
| Net Profit YoY | 58.7% | 29.3% |
| EPS (diluted) | $0.47 | $-0.07 |
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 | — | ||
| Q3 25 | $12.5M | $17.3M | ||
| Q2 25 | $12.1M | $17.1M | ||
| Q1 25 | $11.5M | $16.8M | ||
| Q4 24 | $21.7M | — | ||
| Q3 24 | $12.5M | $16.0M | ||
| Q2 24 | $6.7M | $13.6M | ||
| Q1 24 | $-12.8M | — |
| Q4 25 | $24.0M | — | ||
| Q3 25 | $50.9M | $-7.3M | ||
| Q2 25 | $22.3M | $-7.2M | ||
| Q1 25 | $26.0M | $-8.3M | ||
| Q4 24 | $15.2M | — | ||
| Q3 24 | $23.3M | $-10.4M | ||
| Q2 24 | $12.1M | $-8.9M | ||
| Q1 24 | $-14.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 63.0% | ||
| Q2 25 | — | 63.5% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 56.4% | ||
| Q2 24 | — | 61.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -46.4% | ||
| Q2 25 | — | -43.3% | ||
| Q1 25 | — | -56.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -76.3% | ||
| Q2 24 | — | -69.2% | ||
| Q1 24 | — | — |
| Q4 25 | 216.6% | — | ||
| Q3 25 | 407.0% | -42.2% | ||
| Q2 25 | 184.5% | -42.1% | ||
| Q1 25 | 225.6% | -49.4% | ||
| Q4 24 | 69.9% | — | ||
| Q3 24 | 186.4% | -64.6% | ||
| Q2 24 | 179.7% | -65.2% | ||
| Q1 24 | 114.3% | — |
| Q4 25 | $0.47 | — | ||
| Q3 25 | $1.14 | $-0.07 | ||
| Q2 25 | $0.54 | $-0.07 | ||
| Q1 25 | $0.70 | $-0.08 | ||
| Q4 24 | $0.71 | — | ||
| Q3 24 | $0.74 | $-0.10 | ||
| Q2 24 | $0.40 | $-0.08 | ||
| Q1 24 | $-0.83 | — |
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 | $93.5M |
| Total DebtLower is stronger | $771.2M | — |
| Stockholders' EquityBook value | $388.0M | $108.8M |
| Total Assets | $5.3B | $136.7M |
| Debt / EquityLower = less leverage | 1.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | — | ||
| Q3 25 | $17.9M | $93.5M | ||
| Q2 25 | $9.1M | $102.7M | ||
| Q1 25 | $19.2M | $112.5M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.7M | $133.1M | ||
| Q2 24 | $4.3M | $105.9M | ||
| 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 | — | ||
| Q3 25 | $375.4M | $108.8M | ||
| Q2 25 | $348.2M | $116.5M | ||
| Q1 25 | $343.7M | $128.6M | ||
| Q4 24 | $336.5M | — | ||
| Q3 24 | $335.8M | $147.0M | ||
| Q2 24 | $327.5M | $153.5M | ||
| Q1 24 | $327.1M | — |
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.3B | $136.7M | ||
| Q2 25 | $5.4B | $144.8M | ||
| Q1 25 | $5.4B | $154.6M | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.7B | $171.9M | ||
| Q2 24 | $6.6B | $175.8M | ||
| Q1 24 | $7.1B | — |
| 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 | $-4.7M |
| Free Cash FlowOCF − Capex | — | $-4.9M |
| FCF MarginFCF / Revenue | — | -28.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | -0.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.5M | — | ||
| Q3 25 | $8.1M | $-4.7M | ||
| Q2 25 | $3.3M | $-211.0K | ||
| Q1 25 | $16.0M | $-7.6M | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $14.7M | $3.0M | ||
| Q2 24 | $-7.5M | $-225.0K | ||
| Q1 24 | $17.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-4.9M | ||
| Q2 25 | — | $-330.0K | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $-460.0K | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.5% | ||
| Q2 25 | — | -1.9% | ||
| Q1 25 | — | -47.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | — |
| 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.
