NEWT · NewtekOne, Inc.

NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including the United States small business administration loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing services, check approval services, processing equipment, and software, as well as cloud-based point of sale systems for various restaurants, retail, assisted living, taxi cabs, parks, and golf course businesses. In addition, it offers wholesale brokerage insurance agency services; and payroll management, and related payment and tax reporting services to independent business owners, as well as inbound and outbound calling services. The company was formerly known as Newtek Business Services Corp. and changed its name to NewtekOne, Inc. in January 2023. NewtekOne, Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.

Cap structure and valuation

Cap structure
SP	$15.28
SO	28.9M
Options	0.0M
Warrants	0.0M
FD SO	28.9M
MC	$441.7M

Cash	$403.0M
Total debt	$550.5M ⚠
EV	$589.2M

TTM Multiples
EV / Revenue	1.6x
EV / EBITDA	—
MC / Net Income	6.8x
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	54.6%
Insiders	5.9%
# Institutions	201
Analysts	5
Consensus	Buy
Avg target	$17.20

Short % float	11.3%
Days to cover	11.31

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-07. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.

Financial statements

	3/31/26	12/31/25	9/30/25	6/30/25
Total Revenue	91.43	97.91	96.76	89.63
Revenue YoY %	5.2%	3.5%	20.3%	13.8%
Gross Profit	30.97	33.10	28.21	27.16
Gross Profit YoY %	10.4%	33.5%	17.8%	20.8%
Gross Margin %	33.9%	33.8%	29.2%	30.3%

SG&A	5.26	7.45	6.89	6.88

Interest Expense	17.23	17.48	14.55	13.92
Pretax Income	17.09	24.49	25.07	18.77
Tax Provision	3.69	4.95	7.17	5.07
Net Income	13.40	19.54	17.90	13.70
Net Margin %	14.7%	20.0%	18.5%	15.3%

Diluted EPS	$0.43	$0.64	$0.67	$0.52
Basic EPS	$0.43	$0.64	$0.68	$0.53
Diluted Avg Shares	28.7	—	26.0	25.6
Basic Avg Shares	28.5	—	25.6	25.2

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Total Revenue	375.74	371.19	328.20	260.77	128.57
Revenue YoY %	1.2%	13.1%	25.9%	102.8%	—
Gross Profit	119.45	116.52	92.73	26.63	12.29
Gross Profit YoY %	2.5%	25.7%	248.2%	116.7%	—
Gross Margin %	31.8%	31.4%	28.3%	10.2%	9.6%

SG&A	26.49	28.64	21.27	22.36	7.67

Interest Expense	63.18	59.88	40.30	67.74	26.32
Pretax Income	85.41	79.98	68.69	45.37	38.77
Tax Provision	20.87	19.46	17.84	(1.96)	6.46
Net Income	64.55	60.51	50.85	47.33	32.31
Net Margin %	17.2%	16.3%	15.5%	18.1%	25.1%

Diluted EPS	$2.26	$2.18	$1.96	$1.88	$1.34
Basic EPS	$2.28	$2.21	$1.97	$1.89	$1.34
Diluted Avg Shares	28.7	26.7	25.2	24.3	24.2
Basic Avg Shares	28.5	26.3	24.9	24.3	24.2

	3/31/26	12/31/25	9/30/25	6/30/25
Cash & Equivalents	403.02	310.29	216.93	213.29

Operating Lease ROU	2.68	2.79	2.29	2.38
Goodwill	14.09	14.09	14.09	14.09
Intangible Assets	0.48	0.51	0.55	0.59
Other Assets	2,466.51	2,417.14	2,165.24	1,895.87
Total Assets	2,886.77	2,744.82	2,399.10	2,126.22

Long-term Debt	550.47	819.89	748.55	657.33
Other Liabilities	1,931.61	1,527.36	1,263.84	1,156.71
Total Liabilities	2,482.08	2,347.25	2,012.39	1,814.04

Retained Earnings	101.84	94.99	81.98	70.00
Total Equity	404.69	397.57	386.71	312.18

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Cash & Equivalents	403.02	310.29	381.37	184.01	125.61

Operating Lease ROU	2.68	2.79	5.69	5.70	6.48
Goodwill	14.09	14.09	14.09	25.89	0.00
Intangible Assets	0.48	0.51	0.67	4.24	0.00
Other Assets	2,466.51	2,417.14	1,658.10	1,209.69	866.81
Total Assets	2,886.77	2,744.82	2,059.91	1,429.51	998.90

Long-term Debt	550.47	819.89	708.04	644.12	539.33
Other Liabilities	1,931.61	1,527.36	1,055.59	536.35	84.22
Total Liabilities	2,482.08	2,347.25	1,763.63	1,180.47	623.54

Retained Earnings	101.84	94.99	57.77	28.05	20.62
Total Equity	404.69	397.57	296.28	249.05	375.36

	3/31/26	12/31/25	9/30/25	6/30/25
Net Income	13.40	19.54	17.90	13.70
D&A	0.04	0.12	0.13	0.27
Stock-Based Comp	0.56	0.09	0.62	1.56
Δ Working Cap & Other	(271.46)	(171.15)	(185.97)	(215.35)
Operating Cash Flow	(257.46)	(151.41)	(167.32)	(199.81)

CapEx	(0.09)	(0.01)	(0.01)	(0.05)
Other Investing	(85.17)	(51.41)	(69.80)	(44.78)
Investing Cash Flow	(85.26)	(51.42)	(69.80)	(44.83)

Stock Issuance	—	0.00	5.09	—
Stock Buyback	—	0.17	0.00	—
Dividends Paid	(6.48)	(11.87)	(5.71)	(5.24)
Other Financing	441.92	307.88	241.38	169.03
Financing Cash Flow	435.45	296.18	240.76	163.80

Free Cash Flow	(257.55)	(151.41)	(167.32)	(199.87)

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Net Income	64.55	60.51	50.85	47.33	32.31
D&A	0.56	0.67	1.78	2.88	0.24
Stock-Based Comp	2.83	4.10	4.06	2.83	0.00
Δ Working Cap & Other	(843.93)	(644.52)	(209.71)	(222.26)	(94.97)
Operating Cash Flow	(776.00)	(579.24)	(153.01)	(169.22)	(62.42)

CapEx	(0.16)	(0.11)	(0.44)	(0.46)	(0.01)
Acquisitions	—	0.00	0.00	11.14	0.00
Other Investing	(251.15)	(245.19)	(208.61)	(182.92)	—
Investing Cash Flow	(251.31)	(245.29)	(209.05)	(172.24)	(0.01)

Stock Issuance	—	5.09	13.82	0.00	2.02
Stock Buyback	—	0.00	(0.40)	0.00	0.00
Dividends Paid	(29.29)	(28.04)	(20.25)	(14.15)	(64.54)
Other Financing	1,165.47	776.40	567.73	359.12	63.70
Financing Cash Flow	1,136.19	753.45	560.90	344.97	1.18

Free Cash Flow	(776.15)	(579.35)	(153.45)	(169.68)	(62.43)

	3/31/26	12/31/25	9/30/25	6/30/25
Current Ratio	—	—	—	—
Quick Ratio	—	—	—	—
Debt / Equity	6.13	5.90	5.20	5.81
EBITDA Margin %	—	—	—	—
Working Capital	—	—	—	—
Net Debt	147.46	509.60	531.62	444.04
ROE %	3.3%	4.9%	4.6%	4.4%
ROA %	0.5%	0.7%	0.7%	0.6%

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Current Ratio	—	—	—	—	—
Quick Ratio	—	—	—	—	—
Debt / Equity	6.13	5.90	5.95	4.74	1.66
EBITDA Margin %	—	—	—	—	—
Working Capital	—	—	—	—	—
Net Debt	147.46	509.60	326.67	460.12	413.72
ROE %	15.9%	15.2%	17.2%	19.0%	8.6%
ROA %	2.2%	2.2%	2.5%	3.3%	3.2%

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-06-16	SLOANE BARRY	Director, Officer (President, Chairman & CEO)	2026-06-15	P	5,000	$14.20	$71,000
2026-06-15	DeMaria Frank M	Officer (Cheif Financial Officer)	2026-06-15	P	500	$13.91	$6,958
2026-06-15	SLOANE BARRY	Director, Officer (President, Chairman & CEO)	2026-06-15	P	5,000	$14.20	$71,000
2026-06-15	SLOANE BARRY	Director, Officer (President, Chairman & CEO)	2026-06-15	P	5,000	$14.20	$70,995
2026-06-15	SLOANE BARRY	Director, Officer (President, Chairman & CEO)	2026-06-15	P	1,000	$14.27	$14,265
2026-06-04	Brunet Craig Jeffry	Director	2026-06-03	P	1,000	$12.70	$12,696
2026-05-26	Downs Peter Mathison	Director, Officer (President, Newtek Bank)	2026-05-26	P	737	$13.56	$9,994
2026-05-18	Brunet Craig Jeffry	Director	2026-05-15	P	330	$12.72	$4,198
2026-05-11	Zink Gregory L	Director	2026-05-08	P	1,000	$13.87	$13,870
2026-05-08	SALUTE RICHARD J	Director	2026-05-07	P	1,000	$13.47	$13,470
2026-01-16	DeMaria Frank M	Officer (Cheif Financial Officer)	2026-01-14	A	1,556	$13.91	$21,644
2026-01-16	SLOANE BARRY	Director, Officer (President, Chairman & CEO)	2026-01-14	A	3,595	$13.91	$50,006
2026-01-16	Razon-Feingold Halli	Director, Officer (SVP, Human Resources & CAO)	2026-01-14	A	1,258	$13.91	$17,499
2026-01-16	Schwartz Michael Adam	Officer (Chief Legal Officer)	2026-01-14	A	2,247	$13.91	$31,256
2026-01-16	Downs Peter Mathison	Director, Officer (President, Newtek Bank)	2026-01-14	A	2,696	$13.91	$37,501
2026-01-16	Razon-Feingold Halli	Director, Officer (SVP, Human Resources & CAO)	2026-01-14	P	1,258	$13.91	$17,499
2026-01-16	Schwartz Michael Adam	Officer (Chief Legal Officer)	2026-01-14	P	2,247	$13.91	$31,256
2026-01-16	DeMaria Frank M	Officer (Cheif Financial Officer)	2026-01-14	P	1,556	$13.91	$21,644
2026-01-16	SLOANE BARRY	Director, Officer (President, Chairman & CEO)	2026-01-14	P	3,595	$13.91	$50,006
2025-12-15	Zink Gregory L	Director	2025-12-15	P	500	$12.06	$6,030
2025-12-08	SALUTE RICHARD J	Director	2025-12-08	P	900	$11.28	$10,152
2025-12-08	Brunet Craig Jeffry	Director	2025-12-05	P	789	$11.31	$8,925
2025-11-04	Zink Gregory L	Director	2025-11-03	P	1,000	$10.43	$10,430
2025-11-03	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-11-03	P	2,000	$10.19	$20,370
2025-11-03	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-11-03	P	2,000	$10.16	$20,320
2025-11-03	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-11-03	P	2,000	$10.27	$20,530
2025-11-03	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-11-03	P	2,000	$10.24	$20,490
2025-11-03	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-11-03	P	2,000	$10.23	$20,460
2025-08-04	SALUTE RICHARD J	Director	2025-08-01	P	700	$11.23	$7,861
2025-08-04	SALUTE RICHARD J	Director	2025-08-01	P	1,400	$11.25	$15,750
2025-07-01	PEREZ-HICKMAN FERNANDO	Director	2025-06-30	A	2,283	$10.95	$24,999
2025-07-01	SALUTE RICHARD J	Director	2025-06-30	A	2,283	$10.95	$24,999
2025-07-01	Zink Gregory L	Director	2025-06-30	A	2,283	$10.95	$24,999
2025-07-01	Brunet Craig Jeffry	Director	2025-06-30	A	2,283	$10.95	$24,999
2025-06-23	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-06-20	P	1,000	$10.39	$10,392
2025-06-23	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-06-20	P	1,000	$10.39	$10,392
2025-06-02	Downs Peter Mathison	Director, Officer (President - Newtek Bank, N.A.)	2025-05-29	P	500	$11.07	$5,535
2025-05-29	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-29	P	3,000	$10.86	$32,575
2025-05-29	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-29	P	3,000	$10.86	$32,575
2025-05-29	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-29	P	3,000	$10.85	$32,550
2025-05-29	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-29	P	1,000	$10.91	$10,910
2025-05-20	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-19	P	2,000	$11.21	$22,410
2025-05-20	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-19	P	3,000	$11.23	$33,685
2025-05-20	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-19	P	2,000	$11.22	$22,440
2025-05-20	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-19	P	1,500	$11.27	$16,903
2025-05-20	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-19	P	1,500	$11.26	$16,888
2025-05-19	DeMaria Frank M	Officer (EVP, Chief Financial Officer)	2025-05-16	P	500	$11.22	$5,610
2025-05-15	Downs Peter Mathison	Director, Officer (President - Newtek Bank, N.A.)	2025-05-15	P	500	$11.06	$5,530
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	1,000	$11.56	$11,557
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	2,000	$11.57	$23,140
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	1,000	$11.68	$11,677
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	1,000	$11.68	$11,680
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	1,000	$11.68	$11,678
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	1,000	$11.64	$11,637
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	1,000	$11.60	$11,597
2025-05-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2025-05-13	P	2,000	$11.58	$23,159
2025-05-13	SALUTE RICHARD J	Director	2025-05-12	P	3,700	$11.07	$40,978
2025-05-13	SALUTE RICHARD J	Director	2025-05-12	P	281	$11.05	$3,105
2025-05-13	SALUTE RICHARD J	Director	2025-05-12	P	1,019	$11.05	$11,256
2025-05-12	Brunet Craig Jeffry	Director	2025-05-12	P	1,000	$10.94	$10,944
2025-05-12	Zink Gregory L	Director	2025-05-09	P	1,000	$10.46	$10,460
2025-05-12	Zink Gregory L	Director	2025-05-09	P	1,000	$10.32	$10,320
2025-03-24	Zink Gregory L	Director	2025-03-21	P	500	$12.34	$6,170
2025-03-21	Brunet Craig Jeffry	Director	2025-03-20	P	500	$12.48	$6,240
2024-12-23	Downs Peter Mathison	Director, Officer (Chief Lending Officer)	2024-12-23	P	750	$12.93	$9,698
2024-12-23	Zink Gregory L	Director	2024-12-23	P	500	$12.75	$6,375
2024-12-23	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-12-23	P	3,000	$12.95	$38,838
2024-12-23	Brunet Craig Jeffry	Director	2024-12-23	P	500	$12.83	$6,413
2024-12-23	SALUTE RICHARD J	Director	2024-12-23	P	1,000	$12.82	$12,825
2024-11-26	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-11-26	P	3,000	$14.75	$44,250
2024-11-18	Zink Gregory L	Director	2024-11-15	P	1,000	$13.95	$13,949
2024-10-08	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-10-04	A	11,532	—	$0
2024-10-08	YOUNG NICOLAS	Officer (President, Newtek Bank, N.A.)	2024-10-04	A	8,237	—	$0
2024-10-08	DeMaria Frank M	Officer (EVP, Chief Accounting Officer)	2024-10-04	A	4,119	—	$0
2024-10-08	PRICE MICHAEL SCOTT	Officer (Chief Financial Officer)	2024-10-04	A	4,119	—	$0
2024-10-08	Razon-Feingold Halli	Director, Officer (Chief Administrative Officer)	2024-10-04	A	7,208	—	$0
2024-10-08	Downs Peter Mathison	Director, Officer (Chief Lending Officer)	2024-10-04	A	10,297	—	$0
2024-10-08	Schwartz Michael Adam	Officer (Chief Legal Officer)	2024-10-04	A	11,326	—	$0
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-24	G	(40,134)	—	$-0
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-23	P	10,000	$11.80	$117,954
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-23	P	10,000	$11.69	$116,905
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-23	P	10,000	$11.68	$116,800
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-23	P	1,134	$11.75	$13,323
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-23	P	5,386	$11.79	$63,501
2024-09-24	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-09-23	P	3,614	$11.92	$43,077
2024-09-23	SALUTE RICHARD J	Director	2024-09-20	P	500	$11.73	$5,865
2024-09-20	Mulia Salvatore Francis	Director	2024-09-20	P	500	$11.72	$5,860
2024-09-18	Zink Gregory L	Director	2024-09-18	P	1,000	$11.38	$11,380
2024-08-21	Mulia Salvatore Francis	Director	2024-08-21	S	(750)	$12.51	-$9,384
2024-08-16	Mulia Salvatore Francis	Director	2024-08-15	G	(100)	$12.17	-$1,217
2024-08-16	Mulia Salvatore Francis	Director	2024-08-15	G	(100)	$12.17	-$1,217
2024-08-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-08-14	P	1,000	$12.08	$12,080
2024-08-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-08-14	P	1,749	$12.08	$21,128
2024-08-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-08-14	P	251	$12.15	$3,050
2024-08-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-08-14	P	649	$12.15	$7,885
2024-08-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-08-14	P	1,000	$12.14	$12,140
2024-08-14	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-08-14	P	2,000	$12.17	$24,344
2024-07-22	Mulia Salvatore Francis	Director	2024-07-22	S	(750)	$14.33	-$10,748
2024-07-02	PRICE MICHAEL SCOTT	Officer (Chief Financial Officer)	2024-07-01	A	1,989	—	$0
2024-07-02	YOUNG NICOLAS	Officer (President, Newtek Bank, N.A.)	2024-07-01	A	7,955	—	$0
2024-07-02	Downs Peter Mathison	Director, Officer (Chief Lending Officer)	2024-07-01	A	9,944	—	$0
2024-07-02	DeMaria Frank M	Officer (EVP, Chief Accounting Officer)	2024-07-01	A	19,889	—	$0
2024-07-02	Razon-Feingold Halli	Director, Officer (Chief Administrative Officer)	2024-07-01	A	5,967	—	$0
2024-07-02	Schwartz Michael Adam	Officer (Chief Legal Officer)	2024-07-01	A	9,944	—	$0
2024-06-24	Mulia Salvatore Francis	Director	2024-06-21	S	(750)	$12.47	-$9,352
2024-06-18	SALUTE RICHARD J	Director	2024-06-18	P	700	$12.62	$8,834
2024-06-18	Mulia Salvatore Francis	Director	2024-06-14	A	1,932	$12.94	$25,000
2024-06-18	Zink Gregory L	Director	2024-06-14	A	1,932	$12.94	$25,000
2024-06-18	PEREZ-HICKMAN FERNANDO	Director	2024-06-14	A	1,932	$12.94	$25,000
2024-06-18	SALUTE RICHARD J	Director	2024-06-14	A	1,932	$12.94	$25,000
2024-06-17	Zink Gregory L	Director	2024-06-17	P	1,000	$12.92	$12,920
2024-06-17	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-06-17	P	1,000	$12.92	$12,922
2024-06-17	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-06-17	P	4,000	$12.92	$51,668
2024-06-17	SLOANE BARRY	Director, Officer (Chairman & CEO)	2024-06-17	P	5,000	$12.54	$62,695
2024-06-17	PRICE MICHAEL SCOTT	Officer (Chief Financial Officer)	2024-06-17	P	1,000	$12.61	$12,605
2024-06-17	PRICE MICHAEL SCOTT	Officer (Chief Financial Officer)	2024-06-17	P	1,000	$12.58	$12,580