Filing Flows › Nexpoint Diversified Real Estate Trust (NXDT) › Q3 2025
Nexpoint Diversified Real Estate Trust (NXDT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Nexpoint Diversified Real Estate Trust (NXDT) reported revenue of $17.5M for the third quarter 2025 (Q3 2025), -21% from a year earlier and -17% from the quarter before. Operating margin was -19.1%, net loss $12.3M (70.5% of revenue).
Nexpoint Diversified Real Estate Trust, Q3 2025: revenue $17.5M (-21% year over year), operating margin -19.1%, net loss $12.3M, operating cash flow $835K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.5M | -17% | -21% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$12.3M | — | — |
| Operating cash flow | $835K | 11× | +68% |
| Free cash flow | $315K | — | — |
What changed
Revenue was $17.5M in Q3 2025, down 21% year over year and down 17% from the previous quarter.
Operating costs exceeded revenue by $3.3M, an operating margin of -19.1%. Total costs fell 26% while revenue fell 21%. The quarter ended with a net loss of $12.3M, narrower than the previous quarter's $44.1M loss. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was $835K (up 68% year over year). Non-cash charges added back $3.9M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $8.2M. Capital expenditures of $520K left free cash flow of $315K.
Questions
What was Nexpoint Diversified Real Estate Trust's revenue in the third quarter 2025?
Nexpoint Diversified Real Estate Trust (NXDT) reported revenue of $17.5M for the third quarter 2025 (Q3 2025), -21% from a year earlier and -17% from the quarter before.
Was Nexpoint Diversified Real Estate Trust profitable in the third quarter 2025?
Operating loss was $3.3M (-19.1% of revenue) and net loss $12.3M.
Source: Nexpoint Diversified Real Estate Trust 10-Q on SEC EDGAR.