NewtekOne
NEWT on Nasdaq. NewtekOne sells business and financial solutions to independent business owners. Market value $322m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
We don't have this figure for this company.
What you pay for each dollar of net assets: $0.78.
Profit per $100 you pay: $20.25.
Quality score: not known. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.
$11.19 a share, 17% above its 1-year low
Over the past year the price has ranged from $9.59 to $15.69.
Dividend: 8.7% a year
Paid every year for 3 years
Payouts have jumped around in recent years, so this may not repeat.
Yields this high often come before a cut. Check the company's latest news.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||
| Revenue | n/a | n/a | n/a |
| Operating margin | |||
| Operating margin | n/a | n/a | n/a |
| Debt to equity | |||
| Debt to equity | n/a | n/a | n/a |
| Shares outstanding | |||
| Shares outstanding | 0.03bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 10% more shares since 2023
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Profit: $15 million, up 7% on a year ago.
- Over the past 12 months it spent $740 million more cash than it brought in, compared with $378 million a year earlier.
- 12% more shares than a year ago. Each share owns a bit less of the company.
| Quarter to | Amount |
|---|---|
| September 2024 | $12m |
| December 2024 | $18m |
| March 2025 | $9m |
| June 2025 | $14m |
| September 2025 | $18m |
| December 2025 | $20m |
| March 2026 | $13m |
| June 2026 | $15m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 10 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 150 funds in all.
- Royce & AssociatesChuck Royce
- Value
- $5m
- Share of fund
- <0.1%
- Boston PartnersBoston Partners team
- Value
- $1m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $5m | <0.1% | |
| LSV Asset ManagementJosef Lakonishok | $2m | <0.1% | Cut |
| Boston PartnersBoston Partners team | $1m | <0.1% |
Largest holders overall
- BlackRock$37mAdded
- Patriot Financial Partners GP II, L.P.$34m
- Vanguard Capital Management$17mCut
- Price T Rowe Associates$16mAdded
- Goldman Sachs Group$11mAdded
- Geode Capital Management$10mAdded
- AQR Capital Management$8m
- State Street$8mAdded
- Marshall Wace, LLP$8mCut
- Royce & Associates$5m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Patriot Financial Partners IV, L.P.Passive investorat least 8.1%(filed with 5 related holders)Since 16 September 2025
What they said
Patriot Fund IV acquired shares of the Company (the "Acquired Shares") for investment purposes. Except as otherwise described herein or in Item 6 below, no member of the Patriot Financial Group has any plans or proposals that relate to or would result in any of the transactions…
Read the filing - SLOANE, BARRYInsider or founder5.2%Since 11 February 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Patriot Financial Partners IV, L.P. Passive investor | at least 8.1% (filed with 5 related holders) | 16 September 2025 | What they saidPatriot Fund IV acquired shares of the Company (the "Acquired Shares") for investment purposes. Except as otherwise described herein or in Item 6 below, no member of the Patriot Financial Group has any plans or proposals that relate to or would result in any of the transactions… Read the filing |
SLOANE, BARRY Insider or founder | 5.2% | 11 February 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 6 insiders bought $426,197 of shares on the open market.
- SLOANE BARRYPresident, Chairman & CEO, DirectorBought
- Date
- 15 June 2026
- Shares
- 5,000
- Price
- $14.20
- Value
- $71,000
- DeMaria Frank MCheif Financial OfficerBought
- Date
- 15 June 2026
- Shares
- 500
- Price
- $13.92
- Value
- $6,960
- SLOANE BARRYPresident, Chairman & CEO, DirectorBought
- Date
- 15 June 2026
- Shares
- 11,000
- Price
- $14.21
- Value
- $156,270
- Brunet Craig JeffryDirectorBought
- Date
- 3 June 2026
- Shares
- 1,000
- Price
- $12.70
- Value
- $12,700
- Downs Peter MathisonPresident, Newtek Bank, DirectorBought
- Date
- 26 May 2026
- Shares
- 737
- Price
- $13.56
- Value
- $9,994
- Brunet Craig JeffryDirectorBought
- Date
- 15 May 2026
- Shares
- 330
- Price
- $12.72
- Value
- $4,198
- Zink Gregory LDirectorBought
- Date
- 8 May 2026
- Shares
- 1,000
- Price
- $13.87
- Value
- $13,870
- SALUTE RICHARD JDirectorBought
- Date
- 7 May 2026
- Shares
- 1,000
- Price
- $13.47
- Value
- $13,470
- Zink Gregory LDirectorBought
- Date
- 15 December 2025
- Shares
- 500
- Price
- $12.06
- Value
- $6,030
- SALUTE RICHARD JDirectorBought
- Date
- 8 December 2025
- Shares
- 900
- Price
- $11.28
- Value
- $10,152
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 June 2026 | SLOANE BARRY President, Chairman & CEO, Director | Bought | 5,000 | $14.20 | $71,000 |
| 15 June 2026 | DeMaria Frank M Cheif Financial Officer | Bought | 500 | $13.92 | $6,960 |
| 15 June 2026 | SLOANE BARRY President, Chairman & CEO, Director | Bought | 11,000 | $14.21 | $156,270 |
| 3 June 2026 | Brunet Craig Jeffry Director | Bought | 1,000 | $12.70 | $12,700 |
| 26 May 2026 | Downs Peter Mathison President, Newtek Bank, Director | Bought | 737 | $13.56 | $9,994 |
| 15 May 2026 | Brunet Craig Jeffry Director | Bought | 330 | $12.72 | $4,198 |
| 8 May 2026 | Zink Gregory L Director | Bought | 1,000 | $13.87 | $13,870 |
| 7 May 2026 | SALUTE RICHARD J Director | Bought | 1,000 | $13.47 | $13,470 |
| 15 December 2025 | Zink Gregory L Director | Bought | 500 | $12.06 | $6,030 |
| 8 December 2025 | SALUTE RICHARD J Director | Bought | 900 | $11.28 | $10,152 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 10 Mar 2026, plus the 10-Q filed 10 Aug 2026 and 11 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.