NASDAQ · Financial Statements

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) Financial Statements

$24.96 NASDAQ: NEWTP Market Cap $427.35M

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B most recently reported annual revenue of $322.0M, net profit of $61.0M. Revenue grew at an average annual rate of 28.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B: Revenue rose from $31.0M in 2016 to $322.0M in 2025, a change of +938.7% over 9 years; net profit was positive in all 10 reported years; operating margin moved from -51.9% to 42.5%, a shift of +94.3 percentage points; the most recent year shows net profit of $61.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$31.0M$39.0M$50.0M$89.0M$93.0M$168.0M$131.0M$253.0M$319.0M$322.0M
Operating Expenses$47.0M$55.0M$62.0M$77.0M$60.0M$83.0M$93.0M$207.0M$250.0M$185.0M
Operating Profit$-16.0M$-16.0M$-13.0M$12.0M$33.0M$85.0M$39.0M$45.0M$69.0M$137.0M
Operating Margin-51.9%-40.5%-25.3%13.4%35.1%50.8%29.5%17.9%21.5%42.5%
Other Income$48.0M$57.0M$49.0M$32.0M$0$0$0$0$0$-57.0M
Interest$8.0M$11.0M$16.0M$20.0M$18.0M$21.0M$26.0M$68.0M$81.0M$57.0M
Depreciation$0$0$0$1.0M$0$0$0$3.0M$2.0M$1.0M
Profit Before Tax$32.0M$41.0M$37.0M$44.0M$33.0M$85.0M$39.0M$45.0M$69.0M$80.0M
Tax$15.8M$5.3M$2.9M$7.1M$-3.1M$1.6M$16.7M$-4.3M$26.0M$24.3M
Net Profit$27.0M$39.0M$36.0M$41.0M$34.0M$84.0M$32.0M$47.0M$51.0M$61.0M
EPS$1.88$2.25$1.91$2.13$1.59$3.69$1.34$1.88$1.96$2.36
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$62.0M$63.0M$67.0M$72.0M$76.0M$79.0M$93.0M$86.0M$88.0M$95.0M$75.0M$73.0M
Operating Expenses$52.0M$49.0M$51.0M$58.0M$61.0M$62.0M$69.0M$74.0M$70.0M$70.0M$35.0M$27.0M
Operating Profit$10.0M$14.0M$16.0M$13.0M$15.0M$17.0M$24.0M$12.0M$19.0M$25.0M$40.0M$46.0M
Operating Margin15.5%22.8%24.2%18.3%19.5%21.7%25.6%13.6%21.2%26.4%53.4%62.9%
Interest$17.0M$19.0M$18.0M$18.0M$20.0M$20.0M$22.0M$24.0M$23.0M$25.0M$16.0M$29.0M
Profit Before Tax$10.0M$14.0M$16.0M$13.0M$15.0M$17.0M$24.0M$12.0M$19.0M$25.0M$24.0M$17.0M
Tax$27.0M$23.8M$-16.3M$26.3M$26.0M$30.0M$22.9M$19.6M$27.0M$28.6M$20.2M$21.6M
Net Profit$7.0M$11.0M$19.0M$10.0M$11.0M$12.0M$18.0M$9.0M$14.0M$18.0M$20.0M$13.0M
EPS$0.26$0.40$0.42$0.38$0.43$0.47$0.68$0.35$0.52$0.70$0.76$0.43

Over the 10 years reported for NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B, borrowings increased from $171.0M in 2016 to $823.0M in 2025, cash stood at $284.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.20 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$401.0M$520.0M$653.0M$797.0M$841.0M$1.1B$999.0M$1.4B$2.1B$2.7B
Current Assets$29.0M$31.0M$77.0M$90.0M$113.0M$243.0M$655.0M$291.0M$460.0M$349.0M
Cash$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$54.0M$153.0M$353.0M$284.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$6.0M$11.0M$46.0M$51.0M$53.0M$49.0M$0$137.0M$107.0M$39.0M
Fixed Assets$0$0$0$8.0M$7.0M$7.0M$6.0M$6.0M$6.0M$3.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$345.0M$457.0M$541.0M$659.0M$671.0M$759.0M$284.0M$937.0M$1.4B$2.2B
Other Assets$0$0$0$0$0$0$0$26.0M$14.0M$14.0M
Total Liabilities$192.0M$241.0M$366.0M$475.0M$502.0M$653.0M$624.0M$1.2B$1.8B$2.3B
Current Liabilities$9.0M$10.0M$45.0M$39.0M$11.0M$11.0M$77.0M$535.0M$1.1B$1.7B
Borrowings$171.0M$216.0M$332.0M$442.0M$460.0M$481.0M$547.0M$651.0M$715.0M$823.0M
Other Liabilities$21.0M$25.0M$34.0M$33.0M$41.0M$172.0M$76.0M$529.0M$1.0B$1.5B
Equity$0$0$0$0$0$0$0$0$1.0M$1.0M
Reserves$209.0M$278.0M$287.0M$322.0M$339.0M$404.0M$375.0M$249.0M$296.0M$398.0M

For NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B, operating cash flow was positive in 3 of 10 reported years; free cash flow in the latest year was $56.0M; free cash flow was positive in 3 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-14.0M$-73.0M$-74.0M$-89.0M$18.0M$141.0M$-62.0M$-169.0M$-153.0M$56.0M
Investing Cash Flow$-1.0M$-1.0M$-1.0M$0$0$0$0$-173.0M$-209.0M$-881.0M
Financing Cash Flow$-4.0M$-2.0M$1.0M$-4.0M$-1.0M$-7.0M$-3.0M$-5.0M$482.0M$448.0M
Net Cash Flow$-4.0M$-2.0M$11.0M$2.0M$18.0M$135.0M$-61.0M$58.0M$197.0M$-71.0M
Free Cash Flow$-14.0M$-73.0M$-74.0M$-89.0M$18.0M$141.0M$-62.0M$-170.0M$-153.0M$56.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.24
EV / EBITDA18.74
FCF Yield-99.08%
Quick Ratio923.84
Interest Coverage1.42
Return 1Y—
Return 3Y—
Return 5Y—

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) financials — frequently asked questions

What is NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B's annual revenue?

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) reported annual revenue of $322.0M in its most recent fiscal year.

What is NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B's net profit?

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) reported net profit of $61.0M in its most recent fiscal year.

What is NEWTP EV/EBITDA?

NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B's enterprise value to EBITDA (EV/EBITDA) ratio is 18.74.

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