NEWTH

MKT CAP:$654M

NewtekOne, Inc.

Market Cap

$654M

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$25.05-$0.39 (-1.53%)

Apr 17, 2026

Company Details

NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market....

CEO

Barry Scott Sloane

IPO Date

Sep 17, 2024

Website

www.newtekone.com

Key Metrics TTM

Revenue

$377M

+11.3% YoY

Net Income

$61M

EPS (Diluted)

$2.19

Free Cash Flow

$460M

Revenue / Share

$12.54

Gross Margin

82.8%

Operating Margin

46.3%

Net Margin

16.1%

FCF Margin

122.1%

P/S

1.7x

P/E

10.8x

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 10, 2026

$377M+11.3%EPS $2.19

Q4 2025

Mar 10, 2026

$94M-3.4%EPS $0.65

Q3 2025

Nov 7, 2025

$99M+19.7%EPS $0.67

Q2 2025

Aug 8, 2025

$93M+14.0%EPS $0.52

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$25M	$25M	$8M
Q1 22	$30M	$30M	$22M
Q2 22	$34M	$34M	$26M
Q3 22	$35M	$35M	$27M
Q4 22	$33M	$33M	$22M
Q1 23	$61M	$51M	$25M
Q2 23	$67M	$56M	$30M
Q3 23	$68M	$57M	$36M
Q1 24	$76M	$64M	$34M
Q2 24	$81M	$66M	$39M
Q3 24	$83M	$70M	$42M
Q4 24	$98M	$80M	$51M
Q1 25	$90M	$72M	$40M
Q2 25	$93M	$79M	$45M
Q3 25	$99M	$87M	$57M
Q4 25	$94M	$73M	$33M

Valuation

Quarter	P/S	P/E
Q4 21	6.0x	7.8x
Q1 22	6.3x	10.3x
Q2 22	6.5x	10.9x
Q3 22	5.3x	12.0x
Q4 22	5.0x	20.2x
Q1 23	4.0x	15.9x
Q2 23	3.3x	18.8x
Q3 23	2.9x	19.1x
Q1 24	2.4x	14.2x
Q2 24	2.2x	17.0x
Q3 24	2.1x	15.0x
Q4 24	1.9x	12.9x
Q1 25	1.9x	12.9x
Q2 25	1.8x	12.3x
Q3 25	1.7x	11.0x
Q4 25	1.7x	10.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$18M	$18M
Q1 22	$123M	$123M
Q2 22	-$72M	-$72M
Q3 22	-$434M	-$434M
Q4 22	$75M	$75M
Q1 23	-$71M	-$72M
Q2 23	-$89M	-$88M
Q3 23	$101M	$101M
Q1 24	$9M	$8M
Q2 24	-$27M	-$27M
Q3 24	$12M	$12M
Q4 24	$964.0K	$900.0K
Q1 25	$41M	$41M
Q2 25	-$16M	-$16M
Q3 25	$8M	$8M
Q4 25	$428M	$428M

Capital Expenditures

Quarter	CapEx
Q4 21	$0
Q1 22	$0
Q2 22	$11.0K
Q3 22	$0
Q4 22	$0
Q1 23	$165.0K
Q2 23	$36.0K
Q3 23	$164.0K
Q1 24	$57.0K
Q2 24	$71.0K
Q3 24	$247.0K
Q4 24	$64.0K
Q1 25	$37.0K
Q2 25	$54.0K
Q3 25	$5.0K
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+67.9%	+77.5%
Q1 22	-13.6%	-39.0%
Q2 22	-6.8%	-49.7%
Q3 22	+180.9%	-41.5%
Q4 22	+31.3%	-37.9%
Q1 23	+103.8%	+348.0%
Q2 23	+95.9%	+363.0%
Q3 23	+94.4%	+297.3%
Q1 24	+134.8%	+297.3%
Q2 24	+33.2%	+17.1%
Q3 24	+24.4%	+10.3%
Q4 24	+44.3%	+46.0%
Q1 25	+18.1%	+18.2%
Q2 25	+14.0%	+11.8%
Q3 25	+19.7%	+4.1%
Q4 25	-3.4%	+30.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$500.0K	1.5%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$592.0K	0.9%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$11M	$6M
Q1 22	$3M	$5M
Q2 22	$3M	$5M
Q3 22	$3M	$5M
Q4 22	$5M	$6M
Q1 23	$8M	$19M
Q2 23	$8M	$18M
Q3 23	$7M	$14M
Q1 24	$10M	$21M
Q2 24	$7M	$21M
Q3 24	$9M	$19M
Q4 24	$8M	$21M
Q1 25	$11M	$21M
Q2 25	$11M	$23M
Q3 25	$11M	$20M
Q4 25	$11M	$20M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$163M	$0	$163M
Q2 22	$126M	$0	$126M
Q3 22	$82M	$0	$82M
Q4 22	$126M	$0	$126M
Q1 23	$125M	$0	$125M
Q2 23	$190M	$0	$190M
Q3 23	$153M	$0	$153M
Q4 23	$153M	$0	$153M
Q1 24	$127M	$0	$127M
Q2 24	$170M	$0	$170M
Q3 24	$162M	$0	$162M
Q4 24	$353M	$0	$353M
Q1 25	$270M	$0	$270M
Q2 25	$190M	$0	$190M
Q3 25	$192M	$0	$192M
Q4 25	$310M	$0	$310M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	24M	+5.5%	+9.3%
Q1 22	24M	+1.6%	+8.1%
Q2 22	24M	+0.0%	+7.3%
Q3 22	24M	+0.6%	+7.8%
Q4 22	24M	+0.5%	+2.7%
Q1 23	25M	+1.9%	+3.0%
Q2 23	24M	-2.3%	+0.6%
Q3 23	24M	+0.4%	+0.5%
Q1 24	24M	-0.2%	-0.3%
Q2 24	25M	+1.4%	-0.7%
Q3 24	27M	+7.6%	+9.4%
Q4 24	26M	-2.3%	+6.4%
Q1 25	26M	-1.6%	+4.9%
Q2 25	26M	+0.4%	+3.8%
Q3 25	26M	+1.5%	-2.1%
Q4 25	30M	+15.4%	+15.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$238.5K	104
Q1 22	$288.2K	104
Q2 22	$328.0K	104
Q3 22	$335.1K	104
Q4 22	$313.0K	104
Q1 23	$587.2K	104
Q2 23	$642.7K	104
Q3 23	$651.6K	104
Q1 24	$144.8K	528
Q2 24	$154.1K	528
Q3 24	$157.4K	528
Q4 24	$165.5K	591
Q1 25	$152.8K	591
Q2 25	$157.0K	591
Q3 25	$168.3K	591
Q4 25	$159.8K	591

Revenue / Employee