NexPoint Real Estate Finance (NREF) Cost of Revenue (2020 - 2026)

NexPoint Real Estate Finance's (NREF) quarterly Cost of Revenue came in at $300000.0 in Q1 2026, down 6.54% year-on-year from $321000.0 in Q1 2025, and down 5.96% quarter-over-quarter from $319000.0 in Q4 2025.

NexPoint Real Estate Finance (NREF) Cost of Revenue (2020 - 2026) Analysis & Trends

NexPoint Real Estate Finance's Cost of Revenue history runs 7 years deep, the most recent figure standing at $300000.0 for Q1 2026.

  • On a quarterly basis, Cost of Revenue fell 6.54% year-over-year to $300000.0 in Q1 2026; TTM through Mar 2026 was $1.4 million, a 1.94% increase from a year earlier, with the FY2025 full-year figure at $1.4 million, down 12.56% from the prior year.
  • Cost of Revenue slipped to $300000.0 in Q1 2026 per NREF's latest filing, from $319000.0 in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.1 million in Q1 2022 and bottomed at $300000.0 in Q1 2026.
  • The 5-year median for Cost of Revenue is $567000.0 (2024), against an average of $696823.5.
  • Across the five-year window, Cost of Revenue slumped 68.31% in 2024 and rose 9.09% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $1.1 million in 2022, then declined by 2.18% to $1.0 million in 2023, then slumped by 68.31% to $327000.0 in 2024, then dropped by 2.45% to $319000.0 in 2025, then slipped by 5.96% to $300000.0 in 2026.
  • Per Business Quant, the three latest NREF Cost of Revenue figures stand at $300000.0 (Q1 2026), $319000.0 (Q4 2025), and $372000.0 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Annaly Capital Management 16.39 Bn 14.48 Bn - -
2 AGNC Investment 11.93 Bn 11.43 Bn - -
3 Starwood Property Trust 6.07 Bn 5.70 Bn - -
4 Rithm Capital 5.14 Bn 5.14 Bn - -
5 Blackstone Mortgage Trust 2.81 Bn 2.26 Bn - -
6 Dynex Capital 2.54 Bn 2.02 Bn - -
7 Armour Residential REIT 2.10 Bn 2.02 Bn - -
8 Ellington Financial 1.65 Bn 1.49 Bn - -
9 Orchid Island Capital 1.31 Bn 624.47 Mn 61.82 Mn 585,000.00
10 NexPoint Real Estate Finance 314.42 Mn 236.32 Mn - 300,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 300,000.00
Mar 31, 2026 300,000.00
Dec 31, 2025 319,000.00
Dec 31, 2025 319,000.00
Sep 30, 2025 372,000.00
Sep 30, 2025 372,000.00
Jun 30, 2025 374,000.00
Jun 30, 2025 374,000.00
Mar 31, 2025 321,000.00
Mar 31, 2025 321,000.00
Dec 31, 2024 327,000.00
Dec 31, 2024 327,000.00
Sep 30, 2024 341,000.00
Sep 30, 2024 341,000.00
Jun 30, 2024 350,000.00
Jun 30, 2024 350,000.00
Mar 31, 2024 567,000.00
Mar 31, 2024 567,000.00
Dec 31, 2023 1.03 Mn
Dec 31, 2023 1.03 Mn