NewtekOne, Inc.NEWT
What NewtekOne, Inc. does.
We are a financial holding company subject to the regulation and supervision of the Federal Reserve and the Federal Reserve Bank of Atlanta that, together with our consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek ® and NewtekOne ® brands to the independent business owner (SMB) market.
Prior to January 6, 2023 when we acquired Newtek Bank and converted to a financial holding company, we operated as an internally managed non-diversified closed-end management investment company that was regulated as a BDC under the 1940 Act, and was treated as a RIC under the Code for U.S. federal income tax purposes. See “Executive Overview - Conversion to a Financial Holding Company. ”
In addition to our bank subsidiary, Newtek Bank and its consolidated subsidiary, SBL, the following are our consolidated non-bank direct and indirect subsidiaries: Newtek Small Business Finance, LLC (NSBF); Newtek Business Services Holdco 6, Inc. d/b/a Newtek ALP Holdings (NALH); Newtek Merchant Solutions, LLC (NMS) and its subsidiary Mobil Money, LLC; CDS Business Services, Inc. d/b/a Newtek Business Credit Solutions (NBC); PMTWorks Payroll, LLC d/b/a Newtek Payroll and Benefits Solutions (PMT); Newtek Insurance Agency, LLC (NIA); Titanium Asset Management LLC (TAM); and POS on Cloud, LLC, d/b/a Newtek Payment Systems (POS).
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $147.8M | $105.2M | $203.4M | $257.6M | $284.8M |
| Net income | — | $84.1M | $32.3M | $47.3M | $50.9M | $60.5M |
| Free cash flow | — | $140.9M | -$62.4M | -$169.7M | -$153.5M | -$579.3M |
More on NEWT.
- NewtekOne, Inc. summary
- NewtekOne, Inc. financial statements
- NewtekOne, Inc. key metrics
- NewtekOne, Inc. health scores and style box
- NewtekOne, Inc. earnings
- NewtekOne, Inc. dividends
- NewtekOne, Inc. valuation
- NewtekOne, Inc. ownership and insiders
- NewtekOne, Inc. peers
Figures from NewtekOne, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.