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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and Zedge, Inc. (ZDGE). 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 $7.6M, roughly 1.5× Zedge, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 10.4%, a 206.3% gap on every dollar of revenue. On growth, Zedge, Inc. posted the faster year-over-year revenue change (5.8% 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.
Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.
NREF vs ZDGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $7.6M |
| Net Profit | $24.0M | $788.0K |
| Gross Margin | — | — |
| Operating Margin | — | 12.0% |
| Net Margin | 216.6% | 10.4% |
| Revenue YoY | -48.8% | 5.8% |
| Net Profit YoY | 58.7% | 332.4% |
| EPS (diluted) | $0.47 | $0.06 |
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 | $7.6M | ||
| Q3 25 | $12.5M | $7.5M | ||
| Q2 25 | $12.1M | $7.8M | ||
| Q1 25 | $11.5M | $7.0M | ||
| Q4 24 | $21.7M | $7.2M | ||
| Q3 24 | $12.5M | $7.6M | ||
| Q2 24 | $6.7M | $7.7M | ||
| Q1 24 | $-12.8M | $7.8M |
| Q4 25 | $24.0M | $788.0K | ||
| Q3 25 | $50.9M | $-559.0K | ||
| Q2 25 | $22.3M | $185.0K | ||
| Q1 25 | $26.0M | $-1.7M | ||
| Q4 24 | $15.2M | $-339.0K | ||
| Q3 24 | $23.3M | $-39.0K | ||
| Q2 24 | $12.1M | $113.0K | ||
| Q1 24 | $-14.6M | $-9.2M |
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | -9.6% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -31.8% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -153.5% |
| Q4 25 | 216.6% | 10.4% | ||
| Q3 25 | 407.0% | -7.5% | ||
| Q2 25 | 184.5% | 2.4% | ||
| Q1 25 | 225.6% | -24.1% | ||
| Q4 24 | 69.9% | -4.7% | ||
| Q3 24 | 186.4% | -0.5% | ||
| Q2 24 | 179.7% | 1.5% | ||
| Q1 24 | 114.3% | -118.8% |
| Q4 25 | $0.47 | $0.06 | ||
| Q3 25 | $1.14 | $-0.04 | ||
| Q2 25 | $0.54 | $0.01 | ||
| Q1 25 | $0.70 | $-0.12 | ||
| Q4 24 | $0.71 | $-0.02 | ||
| Q3 24 | $0.74 | $0.00 | ||
| Q2 24 | $0.40 | $0.01 | ||
| Q1 24 | $-0.83 | $-0.66 |
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 | $18.5M |
| Total DebtLower is stronger | $771.2M | — |
| Stockholders' EquityBook value | $388.0M | $25.9M |
| Total Assets | $5.3B | $36.0M |
| Debt / EquityLower = less leverage | 1.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | $18.5M | ||
| Q3 25 | $17.9M | $18.6M | ||
| Q2 25 | $9.1M | $20.4M | ||
| Q1 25 | $19.2M | $20.1M | ||
| Q4 24 | $3.9M | $20.2M | ||
| Q3 24 | $34.7M | $20.0M | ||
| Q2 24 | $4.3M | $19.9M | ||
| Q1 24 | $13.5M | $18.1M |
| 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 | $25.9M | ||
| Q3 25 | $375.4M | $25.9M | ||
| Q2 25 | $348.2M | $28.6M | ||
| Q1 25 | $343.7M | $28.2M | ||
| Q4 24 | $336.5M | $30.1M | ||
| Q3 24 | $335.8M | $30.9M | ||
| Q2 24 | $327.5M | $30.9M | ||
| Q1 24 | $327.1M | $30.7M |
| Q4 25 | $5.3B | $36.0M | ||
| Q3 25 | $5.3B | $35.7M | ||
| Q2 25 | $5.4B | $37.8M | ||
| Q1 25 | $5.4B | $37.1M | ||
| Q4 24 | $5.4B | $38.2M | ||
| Q3 24 | $5.7B | $38.2M | ||
| Q2 24 | $6.6B | $38.1M | ||
| Q1 24 | $7.1B | $37.1M |
| 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 | $825.0K |
| Free Cash FlowOCF − Capex | — | $808.0K |
| FCF MarginFCF / Revenue | — | 10.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | -0.19× | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.5M | $825.0K | ||
| Q3 25 | $8.1M | $674.0K | ||
| Q2 25 | $3.3M | $870.0K | ||
| Q1 25 | $16.0M | $708.0K | ||
| Q4 24 | $4.4M | $1.2M | ||
| Q3 24 | $14.7M | $695.0K | ||
| Q2 24 | $-7.5M | $2.3M | ||
| Q1 24 | $17.7M | $1.6M |
| Q4 25 | — | $808.0K | ||
| Q3 25 | — | $640.0K | ||
| Q2 25 | — | $851.0K | ||
| Q1 25 | — | $689.0K | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $683.0K | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $1.6M |
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 30.4% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | -0.19× | 1.05× | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | 4.70× | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | -0.62× | 20.73× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NREF
Segment breakdown not available.
ZDGE
| Zedge Marketplace | $7.1M | 94% |
| Other | $468.0K | 6% |
