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NewtekOne, Inc.

NEWTH

NewtekOne, Inc. • NASDAQ
$25.06 ▲ 0.05% (+0.01)
Market Cap $650.74 M
52w High $25.95
52w Low $23.00
Dividend Yield 2.33%
P/E 0
Volume 8.82K
Outstanding Shares 25.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $99.482M ▲ $30.658M ▼ $17.901M ▲ 17.994% ▲ $0.68 ▲ $56.683M ▲
Q2-2025 $92.793M ▲ $34.32M ▲ $13.703M ▲ 14.767% ▲ $0.53 ▲ $44.928M ▲
Q1-2025 $90.288M ▼ $32.167M ▲ $9.367M ▼ 10.375% ▼ $0.36 ▼ $40.169M ▼
Q4-2024 $97.801M ▲ $29.008M ▲ $18.324M ▲ 18.736% ▲ $0.71 ▲ $50.781M ▲
Q3-2024 $83.122M $27.964M $11.934M 14.357% $0.48 $41.996M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $192.194M ▲ $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 ▲ $7.591M ▲
Q2-2025 $13.703M ▲ $-16.005M ▼ $-228.64M ▼ $163.8M ▲ $-80.845M ▲ $-16.059M ▼
Q1-2025 $9.367M ▼ $41.005M ▲ $-180.954M ▼ $52.709M ▼ $-87.24M ▼ $40.968M ▲
Q4-2024 $18.324M ▲ $964K ▼ $-178.777M ▼ $368.765M ▲ $190.952M ▲ $900K ▼
Q3-2024 $11.934M $12.432M $-63.17M $36.286M $-15.916M $12.185M

Five-Year Company Overview

Income Statement

Income Statement NewtekOne’s income statement shows a business that has been steadily growing its revenue and keeping a healthy portion of that revenue as profit. Operating results have generally improved year after year, with margins holding up well despite expansion. Net income has been positive and reasonably consistent, although it has not grown as fast as overall revenue, which suggests some pressure from costs, funding expenses, or credit provisions. Overall, the company looks profitable and relatively efficient for a specialty lender, but not without some variability in bottom-line results.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, reflecting growth in lending and services. Cash on hand has increased, which supports flexibility, but total debt has also risen considerably and now represents a large share of the capital structure. Equity has grown more slowly than assets, indicating a fairly leveraged profile. This combination—larger asset base, higher debt, modest equity growth—can amplify returns in good times but also heightens sensitivity to credit quality, funding conditions, and interest-rate swings.

Cash Flow

Cash Flow Cash generation has been uneven. Earlier years showed solid cash inflows from operations, but more recent periods indicate cash outflows tied to growth and balance-sheet buildup. Free cash flow has recently been slightly negative, suggesting the company is reinvesting heavily and relying more on external funding than on internally generated cash. While this can be normal for a growing financial institution, it also means that stable access to capital markets and deposits is especially important.

Competitive Edge

Competitive Edge NewtekOne operates in a crowded credit and fintech-oriented services space but has carved out a focused role serving independent business owners. Its status as a leading SBA lender provides specialized expertise and a pipeline of borrowers that many competitors do not easily match. Converting into a bank holding company has given it access to lower-cost funding through deposits, which can be a meaningful edge. The breadth of its bundled services—banking, payments, payroll, insurance, and tech—creates stickiness with clients and makes direct one-to-one comparisons with traditional banks or single-product fintechs less straightforward. The main risk is that larger banks and fintech players may increasingly target the same small-business niche with competing digital offerings.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of NewtekOne’s strategy. Its all-in-one Newtek Advantage platform, integrated with tools like QuickBooks, aims to become the central hub for a small business’s financial life. Streamlined, unified onboarding for banking and merchant services reduces friction and can materially improve the customer experience. Proprietary systems for lead management and cross-selling further reinforce its tech-enabled model. Expansion of its alternative lending programs and continued digital enhancements offer meaningful upside if execution stays strong, though technology and integration projects can be complex and prone to delays or cost overruns.

Summary

Overall, NewtekOne appears to be a growing, profitable financial services and fintech hybrid with a distinct focus on independent business owners. The company combines specialized lending, a digital-first bank model, and a broad service bundle to deepen relationships and differentiate itself. The key positives are consistent revenue growth, solid margins, rising cash balances, and a clearly articulated technology strategy. The main watchpoints are its relatively high leverage, uneven cash flow, and the competitive intensity in both small-business banking and fintech solutions. Future performance will hinge on maintaining credit quality, managing funding costs, and continuing to execute on its integrated platform vision without overextending its balance sheet.