Filing Flows › Nexpoint Diversified Real Estate Trust (NXDT) › Q1 2026
Nexpoint Diversified Real Estate Trust (NXDT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Nexpoint Diversified Real Estate Trust (NXDT) reported revenue of $22.9M for the first quarter 2026 (Q1 2026), -21% from a year earlier and +24% from the quarter before. Operating margin was 15.1%, net loss $21.3M (93.0% of revenue).
Nexpoint Diversified Real Estate Trust, Q1 2026: revenue $22.9M (-21% year over year), operating margin 15.1%, net loss $21.3M, operating cash flow −$498K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.9M | +24% | -21% |
| Operating profit | $3.5M | — | -38% |
| Net earnings | −$21.3M | — | — |
| Operating cash flow | −$498K | -142% | -107% |
What changed
Revenue was $22.9M in Q1 2026, down 21% year over year and up 24% from the previous quarter. Diversified Segment was the largest line at 61% of revenue. Diversified Segment lost $3.5M year over year (down 20%), 57% of the total change.
Operating profit was $3.5M, a 15.1% margin (down 3.9 points year over year). Total costs fell 18% while revenue fell 21%. The quarter ended with a net loss of $21.3M, narrower than the previous quarter's $35.5M loss. Net interest and other expense of $23.8M was the main reason.
Operating cash flow was −$498K. Non-cash charges added back $3.7M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $16.0M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Nexpoint Diversified Real Estate Trust's revenue in the first quarter 2026?
Nexpoint Diversified Real Estate Trust (NXDT) reported revenue of $22.9M for the first quarter 2026 (Q1 2026), -21% from a year earlier and +24% from the quarter before.
Was Nexpoint Diversified Real Estate Trust profitable in the first quarter 2026?
Operating profit was $3.5M (15.1% of revenue) and net loss $21.3M.
Source: Nexpoint Diversified Real Estate Trust 10-Q on SEC EDGAR.