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Financial statements

NewtekOne, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data NewtekOne, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2023FY2023FY2024FY2025
Interest expense20.526.367.7
Interest income008.859.0411.2
Income tax1.336.46-1.9617.819.5
Net income84.132.347.350.960.5
EPS, basic3.691.341.891.972.21
EPS, diluted3.691.341.881.962.18
Shares, basic (weighted)22.824.224.324.926.3
Shares, diluted (weighted)22.824.224.325.226.7
Dividend per share0.720.760.76

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents187126184381310
Lease right-of-use assets7.316.485.75.692.79
Goodwill025.914.114.1
Intangible assets04.240.670.51
Total assets1,0579991,4302,0602,745
Total liabilities6536241,1801,7642,347
Total debt472539644708820
Paid-in capital368354201218254
Retained earnings35.720.628.157.895
Other comprehensive income0-0.15-0.02-0
Shareholders' equity404375249296398
Minority interests0
Total equity404375249296398
Total liabilities and equity1,0579991,4302,0602,745
Shares outstanding24.224.624.726.328.7

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income84.132.347.350.960.5
Depreciation and amortization0.30.242.881.780.67
Stock-based compensation002.834.064.1
Deferred income tax1.336.46-4.810.48.48
Change in payables1.199.02-26.86.09-2.84
Cash from operations141-62.4-169-153-579
Capital expenditures0-0.01-0.46-0.44-0.11
Acquisitions0011.100
Purchases of investments00-27.2-33
Sales and maturities of investments01.541.527.7
Cash from investing0-0.01-172-209-245
Stock issued502.02013.85.09
Share buybacks00-0.40
Dividends paid-70.1-64.5-14.1-20.3-28
Cash from financing-5.491.18345561753
Net change in cash135-61.33.52199-71.1
Free cash flow141-62.4-170-153-579
Interest paid20.125.366.579.297.5
Income taxes paid006.887.4312.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $24.23 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)15.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)2.1%Net income / average total assets.

Growth

MetricValueHow it is calculated
Net income growth, 1y19.0%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y23.3%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y11.2%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y17.6%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y0.0%Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y34.2%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y1.9%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y33.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y40.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y6.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y3.4%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity1.34xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets17.4%Total debt / total assets.
Liabilities / assets87.0%Total liabilities / total assets.
Net debt$159.2MTotal debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets0.5%(Goodwill + intangible assets) / total assets.
Tangible book value$398.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
FCF conversion-1,130.0%Free cash flow / net income, when net income is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$2.28Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share-$25.81Free cash flow / diluted weighted shares.
Operating cash flow per share-$25.81Cash from operations / diluted weighted shares.
Book value per share$14.30Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$13.80Tangible book value / shares outstanding.
Cash per share$13.67(Cash + short-term investments) / shares outstanding.
Payout ratio46.6%Dividends paid / net income, when net income is positive.

Valuation

MetricValueHow it is calculated
Market cap$699.9MShare price x shares outstanding.
Enterprise value$859.1MMarket cap + total debt - cash - short-term investments.
P/E10.7xMarket cap / net income. Only when net income is positive.
P/B1.69xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.75xMarket cap / tangible book value, when positive.
FCF yield-105.7%Free cash flow / market cap.
Earnings yield9.4%Net income / market cap (the inverse of P/E).
Dividend yield4.4%Dividends paid over the period / market cap.
Shareholder yield4.4%(Dividends paid + share buybacks) / market cap.
PEG0.61xP/E / EPS growth per year over 3 years (in percent). Only when both are positive.
Was NewtekOne, Inc. profitable in fiscal 2025?

Yes. Net income was $60.5M, a net margin of -.

How much free cash flow did NewtekOne, Inc. generate in fiscal 2025?

Cash from operations of $579.2M minus capital expenditures of $106.0K left free cash flow of -$579.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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