NexPoint Diversified Real Estate Trust (NXDT) Income Statement
NXDT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNXDT revenue and net income
Where NXDT's revenue goes
2025Each bar shows an amount and its share of revenue. NXDT kept −136.0% of revenue as net income.
NXDT profit margins
NXDT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +143.5% | +0.4% | — | −6.5% |
| Gross profit | −17.0% | −54.8% | — | −26.4% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NXDT quarterly EPS vs estimates
NXDT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.0M | $37.8M | $0 | $91.0M | $256.5M | $0 | $72.2M | $43.6M | $87.8M | $23.8M |
| Cost of revenue | $84.2M | $28.4M | $15.9M | $6.5M | $18.8M | $13.3M | $16.1M | $11.1M | $7.6M | $7.3M |
| Gross profit | $7.8M | $9.4M | −$75.3M | $84.5M | $256.5M | −$114.4M | $72.2M | $43.6M | $87.8M | $16.5M |
| Research & development | — | — | $2 | — | $5 | $6 | $1 | $0 | $3 | $4 |
| Sales, general & admin | $23.8M | $21.6M | $13.4M | $20.9M | $6.4M | $6.1M | $6.0M | $3.7M | $3.5M | $15.1M |
| Total operating expenses | $104.8M | $64.6M | $39.2M | $25.6M | $6.5M | $6.3M | $6.4M | $3.7M | $3.7M | $18.9M |
| Operating income | −$97.0M | −$55.2M | −$114.5M | $58.9M | $250.0M | −$120.8M | $65.8M | $46.2M | $87.6M | $69.3M |
| Interest income | $9.4M | $7.2M | $7.0M | $8.4M | $7.6M | $8.7M | $12.9M | $19.9M | $12.3M | — |
| Interest expense | $26.6M | $28.4M | $15.9M | $6.5M | $2.4M | $4.6M | $10.9M | $6.4M | $3.5M | — |
| Income before taxes | −$127.1M | −$55.2M | −$114.5M | $48.9M | $250.0M | −$120.8M | $65.8M | $39.8M | $84.1M | $92.4M |
| Income taxes | −$111,000 | $1.4M | $2.7M | $10.0M | $4.6M | $18.3M | $26.0M | −$161,141 | $87.6M | $95.8M |
| Net income | −$125.1M | −$46.7M | −$117.2M | $48.9M | $250.0M | −$120.8M | $65.8M | $39.8M | $84.1M | $92.4M |
| EBITDA | −$109.4M | −$39.6M | −$100.6M | $66.1M | $250.0M | −$120.8M | $65.8M | $46.2M | $87.6M | $92.3M |
| EPS (diluted) | −$2.84 | −$1.29 | −$3.26 | −$0.43 | $6.63 | $0.15 | $1.43 | $1.23 | $3.70 | $5.77 |
| Gross margin | 8.5% | 24.9% | — | 92.9% | 100.0% | — | 100.0% | 100.0% | 100.0% | 69.5% |
| Operating margin | −105.4% | −146.2% | — | 64.7% | 97.5% | — | 91.2% | 106.0% | 99.8% | 291.5% |
| Net margin | −136.0% | −123.8% | — | 53.8% | 97.5% | — | 91.2% | 91.4% | 95.8% | 388.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.5M | $20.1M | $19.4M | $17.5M | $0 | $0 | $18.5M | $11.0M | $15.7M | $0 | $0 | $0 |
| Cost of revenue | $16.5M | $18.0M | $68.9M | $1.3M | $6.6M | $7.3M | $7.7M | $8.3M | $7.9M | $4.5M | $4.5M | $4.2M |
| Gross profit | $2.9M | $2.1M | $38.9M | $16.1M | −$31.0M | −$16.3M | $10.8M | $2.7M | $7.8M | −$11.9M | −$5.4M | −$58.4M |
| Sales, general & admin | $4.4M | $4.8M | $11.7M | $4.5M | $2.6M | $4.9M | $6.4M | $10.1M | $5.4M | $3.5M | $4.0M | $2.5M |
| Total operating expenses | −$5.9M | $16.7M | $25.0M | $5.2M | $13.8M | $17.6M | $20.1M | $17.4M | $18.1M | $9.1M | $9.2M | $9.2M |
| Operating income | $8.8M | −$14.7M | −$28.3M | −$5.8M | −$44.7M | −$33.9M | −$9.3M | −$14.7M | −$10.2M | −$21.0M | −$14.6M | −$67.6M |
| Interest income | $2.7M | $3.4M | $2.5M | $2.4M | $2.3M | $2.1M | $2.2M | $1.7M | $1.7M | $1.7M | $1.4M | $1.9M |
| Interest expense | $5.3M | $5.7M | $5.8M | $6.9M | $6.6M | $7.3M | $7.7M | $8.3M | $7.9M | $4.5M | $4.5M | $4.2M |
| Income before taxes | $2.4M | −$20.4M | −$35.2M | −$13.3M | −$44.7M | −$33.9M | −$9.3M | −$14.7M | −$10.2M | −$21.0M | −$14.6M | −$67.6M |
| Income taxes | $374,000 | $909,000 | −$1.7M | $995,000 | −$641,000 | $1.2M | −$181,000 | $700,000 | $303,000 | $550,000 | $1.3M | $330,000 |
| Net income | $2.0M | −$21.3M | −$35.5M | −$12.3M | −$44.1M | −$33.2M | −$7.7M | −$8.9M | −$8.6M | −$21.5M | −$15.9M | −$68.0M |
| EBITDA | $4.7M | −$11.0M | −$35.4M | −$2.8M | −$41.2M | −$30.0M | −$5.1M | −$9.7M | −$6.6M | −$18.2M | −$11.6M | −$63.8M |
| EPS (diluted) | $0.00 | −$0.46 | −$0.76 | −$0.29 | −$0.99 | −$0.80 | −$0.21 | −$0.25 | −$0.25 | −$0.59 | −$0.44 | −$1.86 |
| Gross margin | 15.1% | 10.2% | 200.8% | 92.5% | — | — | 58.4% | 24.4% | 49.9% | — | — | — |
| Operating margin | 45.2% | −73.0% | −146.4% | −33.4% | — | — | −50.2% | −134.4% | −65.2% | — | — | — |
| Net margin | 10.5% | −105.8% | −183.3% | −70.5% | — | — | −41.5% | −81.1% | −55.0% | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NXDT's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NXDT financial results
In fiscal year 2025 (ended December 31, 2025), NexPoint Diversified Real Estate reported revenue of $92.0 million, up 143.5% from the year before. It had a net loss of $125.1 million, a net profit margin of −136.0%. Diluted earnings per share came to −$2.84.
See the NXDT stock overview for the latest quote and news, or the NXDT chart for price history and technical indicators.
NXDT income statement FAQ
What is NexPoint Diversified Real Estate's annual revenue?
NexPoint Diversified Real Estate reported total revenue of $92.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 143.5% from $37.8 million the previous year.
Is NexPoint Diversified Real Estate profitable?
No. NexPoint Diversified Real Estate reported a net loss of $125.1 million in fiscal 2025, a net profit margin of −136.0%; its operating margin was −105.4%.
What is NexPoint Diversified Real Estate's gross margin?
NexPoint Diversified Real Estate's gross margin was 8.5% in fiscal 2025: for every $100 of revenue, NexPoint Diversified Real Estate kept $8 after the direct cost of its products and services.
What are NexPoint Diversified Real Estate's earnings per share?
NexPoint Diversified Real Estate earned $-2.84 per diluted share in fiscal 2025, compared with $-1.29 a year earlier.
When does NexPoint Diversified Real Estate's fiscal year end?
NexPoint Diversified Real Estate's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.