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NewtekOne Inc

newtekone.com

What Do They Do?

Provides lending, banking, and business support services to independent business owners.

Who Are Their Customers?

Independent business owners access banking, lending, payments, payroll, and insurance through Newtek’s websites and alliance partners; lending staff work directly with borrowers to assemble and underwrite loans.

Do Revenues Turn Into Profits?

Yes. It kept 20 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$579.3M.

Net income, FY2025
20% of revenue
▲ +19% vs FY2024 ($50.9M, 19%)
Free cash flow, FY2025
−187% of revenue
▲ +278% (Loss) vs FY2024 (−$153.5M, −56%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▲ +7%
vs $13.7M in Q2 FY2025

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