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NEWT

NewtekOne, Inc.

NEWT

NewtekOne, Inc. • NASDAQ
$10.68 ▲ 1.71% (+0.18)
Market Cap $270.71 M
52w High $14.52
52w Low $9.12
Dividend Yield 0.76%
P/E 4.77
Volume 151.60K
Outstanding Shares 25.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $95.053M ▲ $37.73M ▼ $17.901M ▲ 18.833% ▲ $0.71 ▲ $25.195M ▲
Q2-2025 $88.365M ▲ $37.881M ▲ $13.703M ▲ 15.507% ▲ $0.53 ▲ $19.046M ▲
Q1-2025 $85.841M ▼ $36.73M ▼ $9.367M ▼ 10.912% ▼ $0.36 ▼ $11.795M ▼
Q4-2024 $92.9M ▲ $37.238M ▲ $18.324M ▲ 19.724% ▲ $0.68 ▲ $23.967M ▲
Q3-2024 $78.684M $34.409M $11.934M 15.167% $0.45 $17.574M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $210.203M ▲ $2.399B ▲ $2.012B ▲ $386.707M ▲
Q2-2025 $190.137M ▼ $2.126B ▼ $1.814B ▼ $312.18M ▲
Q1-2025 $269.983M ▼ $2.137B ▲ $1.834B ▲ $302.28M ▲
Q4-2024 $353.148M ▲ $2.06B ▲ $1.764B ▲ $296.282M ▲
Q3-2024 $162.493M $1.674B $1.392B $281.785M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $17.901M ▲ $7.596M ▲ $-244.714M ▼ $240.76M ▲ $3.642M ▲ $-167.318M ▲
Q2-2025 $13.703M ▲ $-199.814M ▼ $-44.831M ▲ $163.8M ▲ $-80.845M ▲ $-199.868M ▼
Q1-2025 $9.367M ▼ $-60.704M ▲ $-79.245M ▲ $52.709M ▼ $-87.24M ▼ $-60.741M ▲
Q4-2024 $18.324M ▲ $-91.595M ▼ $-86.218M ▼ $368.765M ▲ $190.952M ▲ $-91.659M ▼
Q3-2024 $11.934M $-25.668M $-25.07M $36.286M $-15.916M $-25.915M

Five-Year Company Overview

Income Statement

Income Statement NewtekOne has grown its revenue meaningfully over the past five years, showing that its small‑business model is gaining traction. Profitability has stayed positive, but earnings have been more volatile than revenue, with a standout year a few years ago followed by more moderate results. Recently, revenue growth has continued, but bottom‑line profit has not risen at the same pace, suggesting higher costs, mix shifts, or investment in new initiatives. Overall, the business is clearly generating income, but the quality and stability of earnings are still evolving as the company scales and adjusts its model.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets more than doubling over five years. Cash levels are much healthier than they were earlier in the period, which is a positive for flexibility and resilience. At the same time, debt has grown meaningfully, while shareholders’ equity has not kept up with the pace of asset growth. This points to greater leverage: the company is using more borrowed money to fund its activities. For a lender, that can be normal, but it does reduce the margin for error if credit conditions worsen or funding becomes more expensive.

Cash Flow

Cash Flow Accounting profits contrast with weak reported cash flow in recent years. Operating and free cash flow have been consistently negative over the last three years, after being positive earlier in the period. For a financial services firm, cash flow can look unusual because making more loans shows up as a use of cash, even when it is part of profitable growth. Still, persistent cash outflows mean the business is leaning heavily on external funding and balance sheet expansion to support growth. The key uncertainty is whether that growth ultimately converts into more durable, self‑funding cash generation over time.

Competitive Edge

Competitive Edge NewtekOne occupies a focused niche serving small and mid‑sized businesses with a bundled set of financial and technology services. Its status as a preferred lender with the Small Business Administration gives it a structural edge in originating government‑backed loans faster and at attractive economics. The company’s “one‑stop‑shop” digital platform increases switching costs for clients who rely on it for banking, payments, payroll, insurance, and IT support. Its referral network and outsourcing offerings deepen relationships with other financial institutions. The main competitive pressures come from traditional banks, fintech lenders, and other payment and IT providers that may try to replicate parts of this bundle, especially if NewtekOne’s niche continues to grow.

Innovation and R&D

Innovation and R&D Innovation is a central part of NewtekOne’s strategy. The Newtek Advantage platform gives business owners a single digital dashboard for core financial and operational services, which simplifies their lives and embeds NewtekOne deeply in their workflows. The patented NewTracker system is designed to bring in customers efficiently, while the use of artificial intelligence in underwriting and document review aims to speed decisions and manage risk. The long‑standing partnership with a technology provider allows NewtekOne to deliver enterprise‑grade IT, cybersecurity, and cloud services to small businesses that would otherwise be underserved. Looking ahead, expansion of alternative lending programs, more use of securitization, and deeper AI integration are important levers, but also carry execution and regulatory risk that will need to be managed carefully.

Summary

NewtekOne is a fast‑growing, tech‑enabled small‑business lender and service provider that has built a distinctive digital ecosystem around SBA lending and integrated business services. Revenue growth and positive earnings show that the model has commercial traction, while the company’s proprietary technology, SBA preferred lender status, and one‑platform approach create a meaningful competitive moat in its chosen niche. On the other hand, balance sheet leverage has increased, cash flow has been negative despite positive earnings, and profitability has been less consistent than revenue growth. The company’s future will hinge on its ability to maintain credit quality, manage funding costs and leverage, and translate platform growth and innovation into more stable, cash‑generative performance, all within a competitive and regulated financial landscape.

NEWS

November 5, 2025 · 1:47 PM UTC

Newtek Merchant Solutions Hires Justine Martin as Chief Revenue Officer

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October 29, 2025 · 4:02 PM UTC

NewtekOne, Inc. Reports 3Q25 and Year-to-Date 2025 Basic and Diluted EPS of $0.68 and $0.67 and $1.57 and $1.54

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October 8, 2025 · 8:30 AM UTC

NewtekOne, Inc. to Report Third Quarter 2025 Results and Host a Conference Call on Wednesday, October 29, 2025

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September 30, 2025 · 9:30 AM UTC

Newtek Merchant Solutions Obtains Term Facility and Line of Credit from Goldman Sachs Alternatives

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September 29, 2025 · 5:03 PM UTC

NewtekOne, Inc. Declares Dividend on Series B Preferred Shares

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