NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) Financials

$25.50 +0.10 (+0.40%)

As of 01:19 PM Eastern

Annual Income Statements for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

This table shows NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	84	32	46	49
Consolidated Net Income / (Loss)	84	32	47	51
Net Income / (Loss) Continuing Operations	84	32	47	51
Total Pre-Tax Income	85	39	45	69
Total Operating Income	104	40	87	111
Total Gross Profit	147	86	167	195
Total Revenue	165	106	245	299
Operating Revenue	165	106	245	299
Total Cost of Revenue	18	20	77	104
Operating Cost of Revenue	18	20	66	78
Other Cost of Revenue	0.00	0.00	12	26
Total Operating Expenses	43	46	80	85
Selling, General & Admin Expense	13	15	35	37
Depreciation Expense	0.30	0.24	2.88	1.78
Other Operating Expenses / (Income)	30	31	42	46
Total Other Income / (Expense), net	-19	-1.54	-42	-42
Interest Expense	22	26	52	52
Interest & Investment Income	9.90	25	11	11
Income Tax Expense	1.33	6.46	-1.96	18
Preferred Stock Dividends Declared	0.00	0.00	1.45	1.60
Basic Earnings per Share	$3.69	$1.34	$1.89	$1.97
Weighted Average Basic Shares Outstanding	-	-	24.71M	26.29M
Diluted Earnings per Share	$3.69	$1.34	$1.88	$1.96
Weighted Average Diluted Shares Outstanding	-	-	24.71M	26.29M
Weighted Average Basic & Diluted Shares Outstanding	-	-	24.71M	26.29M
Cash Dividends to Common per Share	-	-	-	$0.38

This table shows NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	11	10	9.25	11	12	18	8.97	13	17	12	14
Consolidated Net Income / (Loss)	11	11	9.65	11	12	18	9.37	14	18	13	15
Net Income / (Loss) Continuing Operations	11	11	9.65	11	12	18	9.37	14	18	13	15
Total Pre-Tax Income	14	15	13	15	17	24	12	19	25	17	19
Total Operating Income	26	24	24	26	27	29	21	28	36	22	26
Total Gross Profit	44	47	44	45	47	53	41	48	58	43	46
Total Revenue	61	65	69	72	73	75	76	80	86	76	82
Operating Revenue	61	65	69	72	73	75	76	80	86	76	82
Total Cost of Revenue	17	17	25	27	26	21	35	32	28	33	35
Operating Cost of Revenue	14	13	21	21	19	12	21	23	20	23	23
Other Cost of Revenue	3.45	4.37	4.02	5.80	6.93	9.47	14	9.12	7.71	9.61	12
Total Operating Expenses	18	23	21	20	20	25	20	19	22	21	21
Selling, General & Admin Expense	7.47	12	9.62	7.13	8.82	12	8.27	8.46	11	7.87	8.03
Other Operating Expenses / (Income)	9.39	11	10	12	10	13	12	11	11	13	13
Total Other Income / (Expense), net	-12	-9.03	-11	-11	-10	-4.86	-9.30	-9.69	-11	-4.97	-6.50
Interest Expense	13	13	13	13	13	14	14	13	14	14	13
Interest & Investment Income	3.46	2.63	2.01	2.57	2.72	3.26	4.82	3.55	2.94	8.77	6.23
Income Tax Expense	3.42	3.98	3.45	3.84	5.12	5.43	2.28	5.07	7.17	3.69	4.54
Preferred Stock Dividends Declared	0.40	0.41	0.40	0.40	0.40	0.40	0.40	0.40	0.47	1.06	1.06
Basic Earnings per Share	$0.43	$0.43	$0.38	$0.43	$0.45	$0.71	$0.36	$0.53	$0.68	$0.43	$0.48
Weighted Average Basic Shares Outstanding	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M	26.34M	26.32M	28.89M	28.86M	28.88M
Diluted Earnings per Share	$0.43	$0.44	$0.38	$0.43	$0.45	$0.70	$0.35	$0.52	$0.67	$0.43	$0.47
Weighted Average Diluted Shares Outstanding	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M	26.34M	26.32M	28.89M	28.86M	28.88M
Weighted Average Basic & Diluted Shares Outstanding	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M	26.34M	26.32M	28.89M	28.86M	28.88M

This table details how cash moves in and out of NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	191	-61	3.52	199
Net Cash From Operating Activities	141	-62	-169	-153
Net Cash From Continuing Operating Activities	196	-62	-169	-153
Net Income / (Loss) Continuing Operations	84	32	47	51
Consolidated Net Income / (Loss)	84	32	47	51
Depreciation Expense	4.25	-24	-0.34	-8.93
Amortization Expense	2.65	2.49	3.38	3.73
Non-Cash Adjustments To Reconcile Net Income	-27	-90	-196	-199
Changes in Operating Assets and Liabilities, net	132	17	-23	0.08
Net Cash From Investing Activities	0.00	-0.01	-172	-209
Net Cash From Continuing Investing Activities	0.00	-0.01	-172	-209
Purchase of Property, Plant & Equipment	0.00	-0.01	-0.46	-0.44
Acquisitions	0.00	0.00	11	0.00
Purchase of Investments	0.00	0.00	-42	-59
Sale and/or Maturity of Investments	0.00	0.00	0.56	62
Other Investing Activities, net	0.00	0.00	-142	-212
Net Cash From Financing Activities	-5.49	1.18	345	561
Net Cash From Continuing Financing Activities	-5.49	1.18	345	561
Repayment of Debt	-227	-85	-96	-153
Repurchase of Common Equity	0.00	0.00	0.00	-0.40
Payment of Dividends	-70	-65	-14	-20
Issuance of Debt	243	152	115	218
Issuance of Preferred Equity	0.00	0.00	19	0.00
Issuance of Common Equity	50	2.02	0.05	14
Other Financing Activities, net	-1.58	-3.38	320	502
Cash Interest Paid	20	25	66	79
Cash Income Taxes Paid	0.00	0.00	6.88	7.43

This table details how cash moves in and out of NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-33	-72	-21	46	-8.67	181	-87	-81	3.64	93	-8.01
Net Cash From Operating Activities	101	-68	-39	2.92	-26	-92	-61	-200	-167	-257	-163
Net Cash From Continuing Operating Activities	102	-68	-39	5.88	-20	-102	-61	-200	-167	-257	-163
Net Income / (Loss) Continuing Operations	11	11	9.65	11	12	18	9.37	14	18	13	15
Consolidated Net Income / (Loss)	11	11	9.65	11	12	18	9.37	14	18	13	15
Depreciation Expense	0.73	0.26	0.36	-1.51	0.17	-11	-0.96	1.48	0.77	2.56	-0.30
Amortization Expense	-0.87	2.32	0.93	1.06	0.61	1.14	0.08	0.97	0.76	1.82	-0.90
Non-Cash Adjustments To Reconcile Net Income	93	-90	-55	-3.67	-33	-103	-54	-229	-171	-260	-158
Changes in Operating Assets and Liabilities, net	-1.70	8.66	5.45	-0.93	0.02	-7.31	-16	13	-16	-15	-18
Net Cash From Investing Activities	-64	-34	-44	-54	-25	-86	-79	-45	-70	-85	-140
Net Cash From Continuing Investing Activities	-64	-34	-44	-54	-25	-86	-79	-45	-70	-85	-140
Purchase of Property, Plant & Equipment	-0.16	-0.17	-0.06	-0.07	-0.25	-0.06	-0.04	-0.05	-0.01	-0.09	0.03
Sale and/or Maturity of Investments	28	0.56	4.07	-0.20	4.89	53	29	0.03	67	25	23
Other Investing Activities, net	-63	-21	-41	63	-147	-80	-112	-45	-122	-112	-163
Net Cash From Financing Activities	-70	29	62	94	36	369	53	164	241	435	295
Net Cash From Continuing Financing Activities	-70	29	62	94	36	369	53	164	241	435	295
Repayment of Debt	16	-22	-26	-37	-66	-27	-93	-17	-313	-295	-27
Payment of Dividends	-4.77	-4.77	-4.77	-5.02	-5.23	-5.24	-5.23	-5.24	-5.71	-6.48	-6.48
Issuance of Debt	-63	27	44	28	75	72	159	69	405	298	36
Issuance of Common Equity	-	0.05	0.00	-	0.03	0.07	0.05	0.11	5.12	0.07	0.10
Other Financing Activities, net	-18	30	49	94	33	330	-7.76	117	101	439	292
Cash Interest Paid	19	17	19	18	22	20	25	21	26	30	31
Cash Income Taxes Paid	0.51	4.33	0.07	3.26	3.88	0.21	0.00	0.92	9.77	0.23	15

This table presents NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,057	999	1,430	2,060	2,745
Total Current Assets	2.40	126	66	50	31
Cash & Equivalents	2.40	54	15	6.94	4.20
Restricted Cash	-	72	31	28	26
Plant, Property, & Equipment, net	0.00	0.00	324	591	0.00
Total Noncurrent Assets	296	606	1,302	1,971	2,692
Long-Term Investments	0.39	17	19	19	26
Noncurrent Note & Lease Receivables	-	0.00	3.64	3.59	-45
Goodwill	-	0.00	30	15	15
Noncurrent Deferred & Refundable Income Taxes	-	0.00	5.23	-	0.00
Other Noncurrent Operating Assets	295	590	1,243	1,934	2,697
Total Liabilities & Shareholders' Equity	1,057	999	1,430	2,060	2,745
Total Liabilities	653	624	1,180	1,764	2,347
Total Current Liabilities	11	21	506	1,025	43
Accounts Payable	11	21	37	41	43
Total Noncurrent Liabilities	642	602	675	738	2,304
Long-Term Debt	472	539	644	708	2,238
Noncurrent Deferred & Payable Income Tax Liabilities	13	19	0.00	2.24	11
Other Noncurrent Operating Liabilities	157	44	31	28	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	404	375	249	296	398
Total Preferred & Common Equity	404	375	249	296	398
Preferred Stock	0.00	0.00	20	20	48
Total Common Equity	404	375	229	277	349
Common Stock	368	355	201	219	254
Retained Earnings	36	21	28	58	95
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.15	-0.02	-0.00

This table presents NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	1,250	1,439	1,380	1,510	1,617	1,674	2,137	2,126	2,399	2,887	3,185
Total Current Assets	297	115	86	839	81	298	9.83	4.90	29	27	28
Cash & Equivalents	27	49	16	12	37	9.69	10	10	3.98	5.22	5.19
Restricted Cash	73	67	71	36	37	28	24	23	25	22	23
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	431	492	673	725	0.00	0.00	0.00
Total Noncurrent Assets	977	1,324	1,294	1,021	1,484	1,338	2,032	1,942	2,370	2,842	3,139
Long-Term Investments	26	-	-	18	19	19	19	16	-	26	26
Noncurrent Note & Lease Receivables	1.29	-4.76	-8.21	3.77	3.77	3.61	3.86	3.94	-45	-47	-53
Goodwill	28	28	27	30	30	15	15	15	15	15	15
Noncurrent Deferred & Refundable Income Taxes	8.23	4.62	8.66	2.72	1.94	0.00	-	0.19	-	6.27	11
Other Noncurrent Operating Assets	913	1,296	1,266	966	1,430	1,301	1,994	1,906	2,401	2,842	3,141
Total Liabilities & Shareholders' Equity	1,250	1,439	1,380	1,510	1,617	1,674	2,137	2,126	2,399	2,887	3,185
Total Liabilities	1,032	1,218	1,153	1,255	1,343	1,392	1,834	1,814	2,012	2,482	2,772
Total Current Liabilities	293	45	44	560	662	705	1,014	1,128	43	43	43
Accounts Payable	45	41	39	42	47	45	42	39	38	43	43
Total Noncurrent Liabilities	738	1,173	1,110	695	681	688	821	686	1,969	2,440	2,728
Long-Term Debt	697	1,145	1,081	662	652	656	774	657	1,927	2,409	2,705
Noncurrent Deferred & Payable Income Tax Liabilities	3.52	0.00	0.00	-	-	4.70	5.04	0.00	5.34	0.00	0.00
Other Noncurrent Operating Liabilities	37	28	29	33	29	27	42	28	37	30	24
Commitments & Contingencies	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	218	221	227	254	274	282	302	312	387	405	413
Total Preferred & Common Equity	219	221	227	254	274	282	302	312	387	405	413
Preferred Stock	20	20	20	20	20	20	20	20	48	48	48
Total Common Equity	199	201	207	234	254	262	283	292	339	357	365
Common Stock	192	193	193	202	216	217	221	222	257	255	255
Retained Earnings	7.05	9.08	14	33	38	45	62	70	82	102	110
Accumulated Other Comprehensive Income / (Loss)	-0.08	-0.20	-0.18	-0.14	-0.14	0.03	0.01	0.01	0.01	-0.01	-0.01

This table displays calculated financial ratios and metrics derived from NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's official financial filings.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	-35.64%	130.20%	22.39%
EBITDA Growth	0.00%	-82.09%	380.45%	17.10%
EBIT Growth	0.00%	-58.71%	115.62%	27.18%
NOPAT Growth	0.00%	-67.32%	169.91%	-9.74%
Net Income Growth	0.00%	-61.60%	46.48%	7.45%
EPS Growth	0.00%	-63.69%	40.30%	4.26%
Operating Cash Flow Growth	0.00%	-144.29%	-171.11%	9.58%
Free Cash Flow Firm Growth	0.00%	0.00%	-94.79%	14.32%
Invested Capital Growth	0.00%	0.00%	199.78%	57.38%
Revenue Q/Q Growth	0.00%	0.00%	15.76%	-3.06%
EBITDA Q/Q Growth	0.00%	0.00%	61.23%	-4.13%
EBIT Q/Q Growth	0.00%	0.00%	21.94%	8.39%
NOPAT Q/Q Growth	0.00%	0.00%	28.50%	3.11%
Net Income Q/Q Growth	0.00%	0.00%	38.15%	17.23%
EPS Q/Q Growth	0.00%	0.00%	39.26%	15.29%
Operating Cash Flow Q/Q Growth	0.00%	54.89%	-366.18%	-18.46%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-100.94%
Invested Capital Q/Q Growth	0.00%	0.00%	23.53%	40.44%
Profitability Metrics	-	-	-	-
Gross Margin	89.18%	81.01%	68.36%	65.22%
EBITDA Margin	63.30%	17.62%	36.77%	35.18%
Operating Margin	63.22%	37.93%	35.52%	36.92%
EBIT Margin	59.12%	37.93%	35.52%	36.92%
Profit (Net Income) Margin	50.95%	30.40%	19.34%	16.98%
Tax Burden Percent	98.45%	83.33%	104.31%	74.03%
Interest Burden Percent	87.53%	96.18%	52.20%	62.14%
Effective Tax Rate	1.55%	16.67%	-4.31%	25.97%
Return on Invested Capital (ROIC)	0.00%	13.29%	8.97%	4.20%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	11.32%	2.77%	2.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.89%	6.19%	14.45%
Return on Equity (ROE)	0.00%	15.18%	15.16%	18.65%
Cash Return on Invested Capital (CROIC)	0.00%	-186.71%	-90.97%	-40.39%
Operating Return on Assets (OROA)	0.00%	3.92%	7.16%	6.34%
Return on Assets (ROA)	0.00%	3.14%	3.90%	2.91%
Return on Common Equity (ROCE)	0.00%	15.18%	14.68%	17.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.61%	19.00%	17.16%
Net Operating Profit after Tax (NOPAT)	103	34	91	82
NOPAT Margin	62.24%	31.60%	37.06%	27.33%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.97%	6.21%	1.85%
Return On Investment Capital (ROIC_SIMPLE)	-	3.67%	6.73%	4.16%
Cost of Revenue to Revenue	10.82%	18.99%	31.64%	34.78%
SG&A Expenses to Revenue	7.91%	13.93%	14.48%	12.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.96%	43.08%	32.84%	28.31%
Earnings before Interest and Taxes (EBIT)	98	40	87	111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	105	19	90	105
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.94	1.39	1.21
Price to Tangible Book Value (P/TBV)	0.00	0.94	1.61	1.28
Price to Revenue (P/Rev)	1.03	3.34	1.31	1.12
Price to Earnings (P/E)	2.01	10.98	6.97	6.82
Dividend Yield	14.06%	18.94%	5.55%	5.95%
Earnings Yield	49.63%	9.11%	14.35%	14.66%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.49	0.88	0.82
Enterprise Value to Revenue (EV/Rev)	0.00	7.07	5.47	6.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	40.15	14.89	18.49
Enterprise Value to EBIT (EV/EBIT)	0.00	18.65	15.41	17.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.38	14.77	23.80
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	1.44	4.41	5.64
Long-Term Debt to Equity	0.00	1.44	2.59	2.39
Financial Leverage	0.00	0.17	2.24	6.15
Leverage Ratio	0.00	2.64	3.89	6.40
Compound Leverage Factor	0.00	2.54	2.03	3.98
Debt to Total Capital	0.00%	58.96%	81.51%	84.93%
Short-Term Debt to Total Capital	0.00%	0.00%	33.67%	48.92%
Long-Term Debt to Total Capital	0.00%	58.96%	47.83%	36.01%
Preferred Equity to Total Capital	0.00%	0.00%	1.47%	1.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	41.04%	17.03%	14.06%
Debt to EBITDA	0.00	28.80	12.20	15.85
Net Debt to EBITDA	0.00	21.21	11.11	15.11
Long-Term Debt to EBITDA	0.00	28.80	7.16	6.72
Debt to NOPAT	0.00	16.05	12.11	20.40
Net Debt to NOPAT	0.00	11.82	11.03	19.45
Long-Term Debt to NOPAT	0.00	16.05	7.10	8.65
Altman Z-Score	0.00	0.73	0.19	-0.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	3.16%	7.24%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	5.86	0.13	0.05
Quick Ratio	0.00	2.51	0.09	0.03
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-472	-919	-788
Operating Cash Flow to CapEx	0.00%	-567,436.36%	-36,947.38%	-34,855.13%
Free Cash Flow to Firm to Interest Expense	0.00	-18.01	-17.62	-15.02
Operating Cash Flow to Interest Expense	6.39	-2.38	-3.24	-2.92
Operating Cash Flow Less CapEx to Interest Expense	6.39	-2.38	-3.25	-2.93
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.10	0.20	0.17
Accounts Receivable Turnover	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.65
Accounts Payable Turnover	0.00	1.25	2.64	2.67
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	292.56	138.44	136.87
Cash Conversion Cycle (CCC)	0.00	-292.56	-138.44	-136.87
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	505	1,515	2,385
Invested Capital Turnover	0.00	0.42	0.24	0.15
Increase / (Decrease) in Invested Capital	0.00	505	1,010	869
Enterprise Value (EV)	0.00	752	1,339	1,948
Market Capitalization	170	355	320	336
Book Value per Share	$0.00	$15.37	$9.30	$10.51
Tangible Book Value per Share	$0.00	$15.37	$8.08	$9.95
Total Capital	0.00	915	1,347	1,966
Total Debt	0.00	539	1,098	1,670
Total Long-Term Debt	0.00	539	644	708
Net Debt	0.00	397	1,000	1,592
Capital Expenditures (CapEx)	0.00	0.01	0.46	0.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-21	-65	-72
Debt-free Net Working Capital (DFNWC)	0.00	104	14	-13
Net Working Capital (NWC)	0.00	104	-440	-975
Net Nonoperating Expense (NNE)	19	1.28	43	31
Net Nonoperating Obligations (NNO)	0.00	130	1,266	2,089
Total Depreciation and Amortization (D&A)	6.91	-22	3.04	-5.20
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-20.16%	-26.45%	-24.15%
Debt-free Net Working Capital to Revenue	0.00%	98.02%	5.63%	-4.42%
Net Working Capital to Revenue	0.00%	98.02%	-179.69%	-325.62%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.89	$1.97
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	24.71M	26.29M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.88	$1.96
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	24.71M	26.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	24.71M	26.29M
Normalized Net Operating Profit after Tax (NOPAT)	103	34	61	82
Normalized NOPAT Margin	62.24%	31.60%	24.87%	27.33%
Pre Tax Income Margin	51.75%	36.48%	18.54%	22.94%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	4.42	1.54	1.67	2.11
NOPAT to Interest Expense	4.66	1.28	1.74	1.56
EBIT Less CapEx to Interest Expense	4.42	1.54	1.66	2.10
NOPAT Less CapEx to Interest Expense	4.66	1.28	1.73	1.55
Payout Ratios	-	-	-	-
Dividend Payout Ratio	83.36%	199.76%	29.89%	39.82%
Augmented Payout Ratio	83.36%	199.76%	29.89%	40.62%

This table displays calculated financial ratios and metrics derived from NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	26,290,668.00	26,342,027.00	26,321,852.00	28,887,295.00	28,858,921.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	26,290,668.00	26,342,027.00	26,321,852.00	28,887,295.00	28,858,921.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.34	0.51	0.66	0.43	0.47
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	137.71%	212.10%	29.82%	22.41%	22.65%	15.40%	9.84%	11.05%	17.21%	0.40%	2.13%
EBITDA Growth	111.15%	192.88%	60.14%	23.87%	16.10%	-29.07%	-19.66%	29.38%	68.11%	31.80%	-20.88%
EBIT Growth	117.74%	1,084.32%	33.24%	31.82%	12.26%	19.92%	-11.54%	11.30%	31.70%	5.32%	-9.86%
NOPAT Growth	58.02%	1,217.83%	-60.49%	39.61%	1.71%	26.47%	-3.45%	9.73%	34.43%	2.73%	-5.78%
Net Income Growth	-3.90%	588.25%	-47.98%	56.11%	9.30%	68.90%	-2.93%	25.20%	50.00%	43.07%	6.63%
EPS Growth	-8.51%	588.89%	-48.65%	59.26%	4.65%	59.09%	-7.89%	20.93%	48.89%	22.86%	-9.62%
Operating Cash Flow Growth	262.43%	-203.94%	66.76%	103.38%	-125.32%	-35.21%	-56.96%	-6,935.92%	-551.85%	-324.12%	18.27%
Free Cash Flow Firm Growth	-9,627.41%	0.00%	31.06%	58.10%	62.63%	14.62%	-27.43%	-31.22%	-25.19%	78.66%	22.82%
Invested Capital Growth	0.00%	199.78%	67.56%	43.03%	38.42%	57.38%	51.06%	39.25%	34.85%	7.75%	21.89%
Revenue Q/Q Growth	1.26%	5.97%	-6.68%	-3.11%	1.46%	-0.30%	1.31%	5.63%	7.23%	0.00%	7.45%
EBITDA Q/Q Growth	19.30%	9.30%	-5.89%	-10.37%	11.83%	-33.23%	6.96%	54.09%	21.31%	0.00%	-7.50%
EBIT Q/Q Growth	25.41%	-1.92%	-11.62%	8.00%	6.80%	4.77%	-26.80%	35.89%	26.38%	0.00%	16.30%
NOPAT Q/Q Growth	37.57%	-12.80%	-10.74%	8.50%	0.23%	8.43%	-23.70%	23.36%	23.64%	0.00%	13.14%
Net Income Q/Q Growth	55.74%	-0.64%	-18.17%	13.42%	9.04%	53.54%	-48.88%	46.29%	30.64%	0.00%	9.03%
EPS Q/Q Growth	59.26%	2.33%	-22.45%	13.16%	4.65%	55.56%	-50.00%	48.57%	28.85%	0.00%	9.30%
Operating Cash Flow Q/Q Growth	217.21%	-166.82%	26.38%	107.56%	-978.14%	-256.85%	33.73%	-229.16%	16.26%	0.00%	36.57%
Free Cash Flow Firm Q/Q Growth	2.71%	17.76%	35.75%	21.37%	13.21%	-87.89%	0.43%	18.98%	17.19%	0.00%	-193.08%
Invested Capital Q/Q Growth	-2.24%	23.53%	8.39%	6.48%	-5.39%	40.44%	6.76%	-1.84%	-8.37%	0.00%	11.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.87%	73.06%	60.48%	63.97%	65.17%	71.35%	53.96%	59.63%	67.68%	56.93%	56.67%
EBITDA Margin	39.62%	40.87%	36.79%	34.03%	37.51%	25.12%	26.52%	38.69%	43.77%	34.82%	29.97%
Operating Margin	43.05%	36.88%	33.36%	37.17%	38.86%	38.33%	27.69%	35.63%	41.99%	29.05%	31.44%
EBIT Margin	39.85%	36.88%	31.09%	34.65%	36.48%	38.33%	27.69%	35.63%	41.99%	29.05%	31.44%
Profit (Net Income) Margin	17.89%	16.77%	12.67%	14.83%	15.94%	24.55%	12.39%	17.15%	20.90%	17.65%	17.91%
Tax Burden Percent	76.16%	73.15%	73.67%	74.04%	69.97%	77.14%	80.41%	73.00%	71.42%	78.43%	76.30%
Interest Burden Percent	58.93%	62.16%	55.33%	57.81%	62.46%	83.02%	55.62%	65.96%	69.69%	77.46%	74.65%
Effective Tax Rate	23.84%	26.85%	26.33%	25.96%	30.03%	22.86%	19.59%	27.00%	28.58%	21.57%	23.70%
Return on Invested Capital (ROIC)	11.30%	6.53%	5.14%	5.33%	5.74%	4.54%	3.22%	3.81%	4.91%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	9.48%	5.59%	4.33%	4.59%	5.05%	4.32%	2.82%	3.42%	4.45%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	41.74%	12.50%	20.33%	23.72%	23.96%	26.56%	18.60%	21.66%	22.07%	0.00%	0.00%
Return on Equity (ROE)	53.04%	19.03%	25.48%	29.05%	29.71%	31.10%	21.83%	25.47%	26.99%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	-90.97%	-45.05%	-30.22%	-26.80%	-40.39%	-36.84%	-28.95%	-25.20%	-7.46%	-19.73%
Operating Return on Assets (OROA)	6.10%	7.43%	6.34%	6.69%	7.38%	6.58%	4.65%	5.98%	6.74%	0.00%	0.00%
Return on Assets (ROA)	2.74%	3.38%	2.59%	2.86%	3.22%	4.21%	2.08%	2.88%	3.35%	0.00%	0.00%
Return on Common Equity (ROCE)	48.43%	18.43%	23.37%	26.76%	27.40%	28.85%	20.28%	23.75%	24.25%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	15.09%	0.00%	15.12%	15.46%	15.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	20	17	19	20	20	22	17	21	26	17	20
NOPAT Margin	32.79%	26.98%	24.58%	27.52%	27.19%	29.57%	22.27%	26.01%	29.99%	22.79%	23.99%
Net Nonoperating Expense Percent (NNEP)	1.82%	0.95%	0.82%	0.73%	0.70%	0.22%	0.41%	0.38%	0.47%	0.17%	0.21%
Return On Investment Capital (ROIC_SIMPLE)	-	1.30%	-	-	-	1.12%	0.83%	1.03%	1.11%	0.61%	0.63%
Cost of Revenue to Revenue	28.13%	26.94%	39.52%	36.03%	34.83%	28.65%	46.04%	40.37%	32.32%	43.07%	43.33%
SG&A Expenses to Revenue	12.24%	18.32%	12.64%	9.66%	11.77%	15.43%	10.93%	14.00%	12.47%	10.36%	9.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.82%	36.18%	27.12%	26.80%	26.31%	33.03%	26.26%	24.00%	25.69%	27.88%	25.23%
Earnings before Interest and Taxes (EBIT)	24	24	24	26	27	29	21	28	36	22	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	26	28	25	28	19	20	31	37	26	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.63	1.39	1.14	1.20	1.22	1.21	1.02	1.00	0.88	0.89	1.17
Price to Tangible Book Value (P/TBV)	1.88	1.61	1.31	1.36	1.29	1.28	1.08	1.05	0.91	0.93	1.22
Price to Revenue (P/Rev)	1.60	1.31	0.95	1.04	1.03	1.12	0.94	0.93	0.91	0.00	0.00
Price to Earnings (P/E)	10.19	6.97	7.25	7.52	7.63	6.82	5.90	5.65	5.14	0.00	0.00
Dividend Yield	12.47%	5.55%	6.74%	5.89%	6.03%	5.95%	6.91%	6.85%	6.75%	8.68%	5.13%
Earnings Yield	9.81%	14.35%	13.78%	13.31%	13.11%	14.66%	16.94%	17.69%	19.45%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.10	0.88	0.81	0.82	0.91	0.82	0.77	0.78	0.98	0.99	1.03
Enterprise Value to Revenue (EV/Rev)	6.40	5.47	4.84	4.96	5.03	6.50	6.43	6.20	6.86	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	24.25	14.89	13.47	13.80	14.13	18.49	19.61	18.13	18.28	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	18.98	15.41	14.67	14.77	15.22	17.62	18.27	17.60	18.78	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	19.18	14.77	18.57	18.49	19.56	23.80	24.29	23.51	25.10	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.76	4.41	4.60	4.59	4.59	5.64	5.72	5.45	4.98	5.95	6.54
Long-Term Debt to Equity	4.76	2.59	2.61	2.38	2.33	2.39	2.56	2.11	4.98	5.95	6.54
Financial Leverage	4.40	2.24	4.70	5.16	4.75	6.15	6.61	6.33	4.97	6.48	6.64
Leverage Ratio	6.08	3.89	5.84	6.18	6.00	6.40	6.55	6.39	6.09	7.11	7.32
Compound Leverage Factor	3.58	2.42	3.23	3.57	3.75	5.31	3.64	4.21	4.25	5.50	5.46
Debt to Total Capital	82.65%	81.51%	82.15%	82.11%	82.12%	84.93%	85.11%	84.49%	83.28%	85.62%	86.74%
Short-Term Debt to Total Capital	0.00%	33.67%	35.64%	39.54%	40.51%	48.92%	47.00%	51.82%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	82.65%	47.83%	46.52%	42.57%	41.61%	36.01%	38.12%	32.67%	83.28%	85.62%	86.74%
Preferred Equity to Total Capital	1.51%	1.47%	1.39%	1.29%	1.25%	1.00%	0.97%	0.98%	2.08%	1.71%	1.55%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	15.84%	17.03%	16.46%	16.60%	16.63%	14.06%	13.91%	14.53%	14.63%	12.67%	11.71%
Debt to EBITDA	19.38	12.20	11.57	11.86	11.78	15.85	17.21	15.82	15.71	0.00	0.00
Net Debt to EBITDA	17.83	11.11	10.63	10.73	11.05	15.11	16.54	15.22	15.47	0.00	0.00
Long-Term Debt to EBITDA	19.38	7.16	6.55	6.15	5.97	6.72	7.71	6.12	15.71	0.00	0.00
Debt to NOPAT	15.32	12.11	15.94	15.89	16.31	20.40	21.32	20.51	21.57	0.00	0.00
Net Debt to NOPAT	14.10	11.03	14.66	14.37	15.29	19.45	20.48	19.74	21.25	0.00	0.00
Long-Term Debt to NOPAT	15.32	7.10	9.03	8.24	8.26	8.65	9.55	7.93	21.57	0.00	0.00
Altman Z-Score	0.44	0.05	0.62	-0.03	0.12	-0.22	-0.25	-0.30	0.31	0.14	0.16
Noncontrolling Interest Sharing Ratio	8.69%	3.16%	8.26%	7.88%	7.76%	7.24%	7.09%	6.73%	10.16%	9.61%	9.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	0.13	1.50	0.12	0.42	0.05	0.01	0.00	0.67	0.64	0.65
Quick Ratio	0.36	0.09	0.75	0.10	0.05	0.03	0.02	0.02	0.09	0.12	0.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,207	-992	-661	-520	-451	-847	-844	-684	-566	-180	-528
Operating Cash Flow to CapEx	61,815.85%	-41,057.58%	-67,849.12%	4,116.90%	-10,391.90%	-143,117.19%	-164,064.86%	-370,025.93%	-3,346,360.00%	-289,280.90%	0.00%
Free Cash Flow to Firm to Interest Expense	-89.74	-75.02	-52.51	-38.89	-34.75	-62.77	-59.79	-51.64	-40.89	-13.10	-41.44
Operating Cash Flow to Interest Expense	7.54	-5.12	-3.07	0.22	-1.98	-6.78	-4.30	-15.09	-12.09	-18.73	-12.83
Operating Cash Flow Less CapEx to Interest Expense	7.53	-5.13	-3.08	0.21	-2.00	-6.79	-4.30	-15.10	-12.09	-18.74	-12.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.20	0.20	0.19	0.20	0.17	0.17	0.17	0.16	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.65	0.00	0.54	0.00	0.00	0.00
Accounts Payable Turnover	1.83	2.64	2.33	2.46	2.77	2.67	2.72	2.79	2.94	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	199.66	138.44	156.88	148.59	131.92	136.87	134.37	130.79	124.26	0.00	0.00
Cash Conversion Cycle (CCC)	-199.66	-138.44	-156.88	-148.59	-131.92	-136.87	-134.37	-130.79	-124.26	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,227	1,515	1,685	1,795	1,698	2,385	2,546	2,499	2,290	2,743	3,046
Invested Capital Turnover	0.34	0.24	0.21	0.19	0.21	0.15	0.14	0.15	0.16	0.00	0.00
Increase / (Decrease) in Invested Capital	1,227	1,010	680	540	471	869	861	704	592	197	547
Enterprise Value (EV)	1,353	1,339	1,362	1,463	1,552	1,948	1,970	1,948	2,242	2,721	3,127
Market Capitalization	338	320	267	306	319	336	289	292	296	316	427
Book Value per Share	$8.40	$9.30	$9.51	$10.28	$10.09	$10.51	$10.75	$11.10	$12.86	$12.35	$12.65
Tangible Book Value per Share	$7.30	$8.08	$8.29	$9.08	$9.52	$9.95	$10.19	$10.54	$12.31	$11.85	$12.15
Total Capital	1,308	1,347	1,424	1,531	1,576	1,966	2,031	2,012	2,313	2,814	3,118
Total Debt	1,081	1,098	1,170	1,257	1,294	1,670	1,728	1,700	1,927	2,409	2,705
Total Long-Term Debt	1,081	644	662	652	656	708	774	657	1,927	2,409	2,705
Net Debt	995	1,000	1,076	1,137	1,214	1,592	1,661	1,636	1,898	2,356	2,651
Capital Expenditures (CapEx)	0.16	0.17	0.06	0.07	0.25	0.06	0.04	0.05	0.01	0.09	-0.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-65	711	-78	170	-72	-98	-128	-43	-43	-43
Debt-free Net Working Capital (DFNWC)	43	14	787	24	232	-13	-50	-81	-14	-15	-15
Net Working Capital (NWC)	43	-440	279	-581	-407	-975	-1,004	-1,124	-14	-15	-15
Net Nonoperating Expense (NNE)	9.09	6.60	9.07	9.37	8.42	3.75	7.47	7.07	7.79	3.90	4.96
Net Nonoperating Obligations (NNO)	1,000	1,266	1,431	1,521	1,416	2,089	2,244	2,187	1,903	2,339	2,633
Total Depreciation and Amortization (D&A)	-0.14	2.58	4.34	-0.46	0.77	-9.86	-0.89	2.45	1.52	4.38	-1.20
Debt-free, Cash-free Net Working Capital to Revenue	-20.61%	-26.45%	252.32%	-26.43%	55.15%	-24.15%	-32.03%	-40.82%	-13.21%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	20.25%	5.63%	279.38%	8.19%	75.03%	-4.42%	-16.20%	-25.69%	-4.42%	0.00%	0.00%
Net Working Capital to Revenue	20.25%	-179.69%	99.16%	-197.00%	-131.63%	-325.62%	-327.83%	-357.58%	-4.42%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$0.43	$0.38	$0.43	$0.45	$0.71	$0.36	$0.53	$0.68	$0.43	$0.48
Adjusted Weighted Average Basic Shares Outstanding	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M	26.34M	26.32M	28.89M	28.86M	28.88M
Adjusted Diluted Earnings per Share	$0.38	$0.44	$0.38	$0.43	$0.45	$0.70	$0.35	$0.52	$0.67	$0.43	$0.47
Adjusted Weighted Average Diluted Shares Outstanding	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M	26.34M	26.32M	28.89M	28.86M	28.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.65M	24.71M	24.73M	25.96M	26.31M	26.29M	26.34M	26.32M	28.89M	28.86M	28.88M
Normalized Net Operating Profit after Tax (NOPAT)	20	17	19	20	20	22	17	21	26	17	20
Normalized NOPAT Margin	32.79%	26.98%	24.58%	27.52%	27.19%	29.57%	22.27%	26.01%	29.99%	22.79%	23.99%
Pre Tax Income Margin	23.49%	22.93%	17.20%	20.03%	22.78%	31.82%	15.40%	23.50%	29.26%	22.50%	23.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.81	1.80	1.88	1.91	2.10	2.12	1.48	2.15	2.60	1.60	2.02
NOPAT to Interest Expense	1.49	1.32	1.49	1.52	1.57	1.64	1.19	1.57	1.86	1.26	1.54
EBIT Less CapEx to Interest Expense	1.80	1.79	1.88	1.91	2.09	2.11	1.48	2.15	2.60	1.60	2.02
NOPAT Less CapEx to Interest Expense	1.48	1.31	1.48	1.51	1.55	1.63	1.19	1.57	1.85	1.25	1.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	74.74%	29.89%	49.23%	45.61%	45.61%	39.82%	40.96%	39.25%	36.11%	0.00%	0.00%
Augmented Payout Ratio	74.74%	29.89%	49.23%	45.61%	45.61%	40.62%	40.96%	40.32%	37.07%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

NewtekOne’s latest quarter shows stronger earnings, but cash flow and leverage remain the main issues investors should watch. In Q1 2026, revenue rose to $75.9 million from $72.5 million a year earlier, while net income attributable to common shareholders increased to $12.3 million from $9.0 million in Q1 2025. However, operating cash flow was deeply negative, and the balance sheet still carries a very large debt load.

Q1 2026 revenue increased 4.7% year over year to $75.9 million, indicating modest top-line growth.
Net income attributable to common shareholders rose 37% year over year to $12.3 million, showing improved bottom-line performance.
Basic EPS improved to $0.43 from $0.36 in Q1 2025.
Gross profit increased to $43.2 million from $40.8 million a year ago, suggesting better profitability at the revenue level.
Total common equity increased to $356.5 million in Q1 2026 from $302.3 million in Q1 2025, reflecting a healthier equity base.
Cash and equivalents increased to $5.2 million from $4.0 million at the end of Q3 2025, while restricted cash remained sizable at $22.2 million.
Quarterly revenue has been generally stable over the last several quarters, ranging from the mid-$70 million to mid-$80 million area in 2025–2026.
Diluted and basic share counts were unchanged in Q1 2026, so earnings growth came from operations rather than share reduction.
The company continues to pay a quarterly common dividend of $0.19 per share.
Operating cash flow was very weak in Q1 2026 at negative $257.5 million, compared with negative $60.7 million in Q1 2025.
Long-term debt stood at $2.41 billion in Q1 2026, up sharply from $773.99 million in Q1 2025 and far higher than the company’s equity base.
Total liabilities reached $2.48 billion versus total equity of $404.7 million, indicating a highly leveraged balance sheet.
The company’s financial results have been volatile over the past year, with operating cash flow swinging sharply and balance-sheet composition changing significantly.
Interest expense remains a meaningful drag on earnings, with Q1 2026 interest expense of $13.7 million versus interest and investment income of only $8.8 million.

Longer-term trend: NewtekOne has made progress on earnings, especially versus 2024 and early 2025, but the quality of those earnings remains a concern because operating cash flow has been consistently negative in many recent quarters. The most important question for investors is whether the company can keep growing profitably while reducing reliance on financing and managing its debt burden.

08/17/26 11:05 PM ETAI Generated. May Contain Errors.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's net income appears to be on a downward trend, with a most recent value of $50.85 million in 2024, falling from $84.14 million in 2021. The previous period was $47.33 million in 2023.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's total operating income in 2024 was $110.55 million, based on the following breakdown:

Total Gross Profit: $195.33 million
Total Operating Expenses: $84.78 million

Over the last 3 years, NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's total revenue changed from $165.16 million in 2021 to $299.48 million in 2024, a change of 81.3%.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's total liabilities were at $2.35 billion at the end of 2025, a 33.1% increase from 2024, and a 259.6% increase since 2021.

In the past 4 years, NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's cash and equivalents has ranged from $2.40 million in 2021 to $53.69 million in 2022, and is currently $4.20 million as of their latest financial filing in 2025.

Over the last 3 years, NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's book value per share changed from 0.00 in 2021 to 10.51 in 2024, a change of 1,051.3%.

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Financial statements for NASDAQ:NEWTI last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) Financials

Financials Breakdown Chart

Key Financial Trends

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Financials - Frequently Asked Questions

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NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) Financials

Annual Income Statements for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Quarterly Income Statements for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Annual Cash Flow Statements for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Quarterly Cash Flow Statements for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Annual Balance Sheets for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Quarterly Balance Sheets for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Annual Metrics And Ratios for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Quarterly Metrics And Ratios for NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

Financials Breakdown Chart

Key Financial Trends

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Financials - Frequently Asked Questions

When does NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's fiscal year end?

How has NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's net income changed over the last 3 years?

What is NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's operating income?

How has NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's revenue changed over the last 3 years?

How much debt does NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 have?

How much cash does NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 have?

How has NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's book value per share changed over the last 3 years?

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