Filing Flows › Nexpoint Diversified Real Estate Trust (NXDT) › Q2 2025
Nexpoint Diversified Real Estate Trust (NXDT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Nexpoint Diversified Real Estate Trust (NXDT) reported revenue of $21.0M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -28% from the quarter before. Operating margin was -0.6%, net loss $44.1M (209.6% of revenue).
Nexpoint Diversified Real Estate Trust, Q2 2025: revenue $21.0M (-6% year over year), operating margin -0.6%, net loss $44.1M, operating cash flow $75K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.0M | -28% | -6% |
| Operating profit | −$133K | -102% | — |
| Net earnings | −$44.1M | — | — |
| Operating cash flow | $75K | -99% | — |
What changed
Revenue was $21.0M in Q2 2025, down 6% year over year and down 28% from the previous quarter.
Operating costs exceeded revenue by $133K, an operating margin of -0.6%. Total costs fell 2% while revenue fell 6%. The quarter ended with a net loss of $44.1M, wider than the previous quarter's $35.1M loss. Net interest and other expense of $44.6M was the main reason.
Operating cash flow was $75K. Non-cash charges added back $4.0M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $38.5M. Capital expenditures of $344K exceeded it, leaving free cash flow of −$269K.
Questions
What was Nexpoint Diversified Real Estate Trust's revenue in the second quarter 2025?
Nexpoint Diversified Real Estate Trust (NXDT) reported revenue of $21.0M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -28% from the quarter before.
Was Nexpoint Diversified Real Estate Trust profitable in the second quarter 2025?
Operating loss was $133K (-0.6% of revenue) and net loss $44.1M.
Source: Nexpoint Diversified Real Estate Trust 10-Q on SEC EDGAR.