NewtekOne, Inc. (NEWT) Balance Sheet
NEWT balance sheet, 2025
December 31, 2025 · U.S. dollars$2.74B assets = $2.35B liabilities + $397.6M equity
Both columns are drawn to the same scale: what NEWT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NEWT financial health
Descriptive bands, not a rating. Fiscal 2025.
NEWT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $401.4M2016 | $2.74B2025 | +23.8%/yr | |
| Total liabilities | $192.4M2016 | $2.35B2025 | +32.0%/yr | |
| Shareholders’ equity | $209.1M2016 | $397.6M2025 | +7.4%/yr | |
| Cash & short-term investments | $2.1M2016 | $283.8M2025 | +72.9%/yr | |
| Total debt | $171.2M2016 | $822.8M2025 | +19.1%/yr | |
| Net cash (debt) | −$169.2M2016 | −$538.9M2025 | −$369.8M | |
| Working capital | $19.8M2016 | −$1.35B2025 | −$1.4B | |
| Book value per share | $14.382016 | $15.502025 | +0.8%/yr | |
| Debt / equity | 0.822016 | 2.072025 | +1.25 | |
| Shares outstanding | 14.5M2016 | 25.6M2025 | +6.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NEWT assets
NEWT liabilities and equity
NEWT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NEWT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $283.8M | $353.1M | $154.5M | $53.7M | $2.4M | $2.1M | $1.8M | $2.3M | $2.5M | $2.1M |
| Cash & equivalents | $283.8M | $353.1M | $153.1M | $53.7M | $2.4M | $2.1M | $1.8M | $2.3M | $2.5M | $2.1M |
| Short-term investments | — | $23.9M | $1.4M | $19.2M | — | — | $0 | $9,000 | $9,000 | $35,000 |
| Receivables | $38.7M | $106.7M | $136.8M | $1.3M | $48.9M | $52.7M | $54.1M | $45.8M | $10.8M | $6.2M |
| Inventory | $0 | $0 | $0 | $0 | $235.8M | $110.3M | $118.8M | $9,000 | $9,000 | $35,000 |
| Other current assets | $26.5M | $0 | $0 | $599.9M | $0 | $0 | $0 | $29.0M | $18.1M | $20.8M |
| Total current assets | $349.0M | $459.9M | $291.4M | $654.9M | $242.5M | $113.0M | $87.4M | $77.2M | $31.3M | $29.1M |
| Property, plant & equipment (net) | $2.8M | $5.7M | $5.7M | $6.5M | $7.3M | $6.9M | $8.0M | −$653.3M | −$519.6M | −$401.4M |
| Goodwill & intangible assets | $14.6M | $14.8M | $30.1M | $30.3M | $28.0M | $26.1M | $24.4M | $21.4M | $19.4M | $16.2M |
| Long-term investments | $124.4M | $57.7M | $43.0M | $808.0M | $758.8M | $671.2M | $659.0M | $541.1M | $456.7M | $345.2M |
| Other non-current assets | $2.25B | $1.52B | $1.06B | $0 | $19.9M | $23.8M | $18.6M | $667.0M | $531.8M | $412.3M |
| Total assets | $2.74B | $2.06B | $1.43B | $998.9M | $1.06B | $841.0M | $797.4M | $653.3M | $519.6M | $401.4M |
| Liabilities | ||||||||||
| Accounts payable | $9.4M | $9.2M | $7.9M | $13.4M | $3.1M | $3.6M | $20.8M | $25.0M | $6.4M | $1.7M |
| Short-term debt | $218.5M | $98.2M | $61.3M | $55.9M | $183,000 | $1.6M | $31.6M | $34.7M | $216.3M | $5.1M |
| Deferred revenue | — | — | −$40.9M | −$67.1M | $9.1M | $26.1M | −$31.6M | −$34.7M | −$457.5M | −$5.1M |
| Total current liabilities | $1.70B | $1.08B | $534.9M | $77.2M | $10.9M | $11.4M | $21.0M | $25.0M | $10.2M | $9.3M |
| Long-term debt | $601.4M | $609.8M | $582.9M | $445.5M | $0 | $0 | $431.9M | $331.6M | $218.2M | $172.7M |
| Lease obligations | $2.9M | $6.5M | $7.0M | $8.0M | — | — | $9.9M | — | — | — |
| Other long-term liabilities | $42.2M | $71.5M | $62.7M | $100.8M | $481.1M | $490.2M | $22.3M | $9.2M | $12.9M | $10.4M |
| Total liabilities | $2.35B | $1.76B | $1.18B | $623.5M | $652.7M | $501.6M | $475.2M | $365.9M | $241.3M | $192.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $573,000 | $526,000 | $492,000 | $492,000 | $483,000 | $439,000 | $411,000 | $379,000 | $369,000 | $293,000 |
| Retained earnings (deficit) | $95.0M | $57.8M | $28.1M | $20.6M | $35.7M | $22.3M | $31.9M | $32.6M | $14.8M | $8.1M |
| Accumulated other comprehensive income | −$4,000 | −$21,000 | −$148,000 | $0 | $0 | $0 | $0 | $33.0M | $31.0M | $20.0M |
| Total shareholders' equity | $397.6M | $296.3M | $249.0M | $375.4M | $403.9M | $339.4M | $322.2M | $287.4M | $278.3M | $209.1M |
| Key figures | ||||||||||
| Total debt | $822.8M | $714.5M | $651.1M | $547.3M | $481.1M | $460.5M | $463.6M | $366.3M | $216.3M | $171.2M |
| Net cash (debt) | −$538.9M | −$361.4M | −$496.5M | −$493.6M | −$478.7M | −$458.4M | −$461.8M | −$364.0M | −$213.8M | −$169.2M |
| Working capital | −$1.35B | −$622.5M | −$243.6M | $577.7M | $231.6M | $101.6M | $66.4M | $52.2M | $21.2M | $19.8M |
| Tangible book value | $383.0M | $281.5M | $218.9M | $345.1M | $375.9M | $313.3M | $297.8M | $266.1M | $259.0M | $192.8M |
| Book value per share | $15.50 | $11.76 | $10.23 | $15.51 | $17.72 | $16.05 | $16.67 | $15.36 | $16.06 | $14.38 |
| Shares outstanding | 25.6M | 25.2M | 24.3M | 24.2M | 22.8M | 21.1M | 19.3M | 18.7M | 17.3M | 14.5M |
| Current ratio | 0.20 | 0.42 | 0.54 | 8.48 | 22.18 | 9.93 | 4.17 | 3.09 | 3.09 | 3.14 |
| Quick ratio | 0.19 | 0.42 | 0.54 | 0.71 | 4.69 | 4.82 | 2.67 | 1.92 | 1.31 | 0.88 |
| Debt / equity | 2.07 | 2.41 | 2.61 | 1.46 | 1.19 | 1.36 | 1.44 | 1.27 | 0.78 | 0.82 |
| Equity / assets | 14.5% | 14.4% | 17.4% | 37.6% | 38.2% | 40.4% | 40.4% | 44.0% | 53.6% | 52.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $395.0M | $403.0M | $283.8M | $210.2M | $190.1M | $270.0M | $353.1M | $162.5M | $197.9M | $127.4M | $184.0M | $186.1M |
| Cash & equivalents | $395.0M | $403.0M | $283.8M | $192.2M | $190.1M | $270.0M | $353.1M | $162.5M | $169.5M | $127.4M | $184.0M | $153.0M |
| Short-term investments | — | — | — | $18.0M | — | $14.1M | $23.9M | $15.7M | $28.4M | $28.1M | $1.4M | $33.1M |
| Receivables | $88.2M | $51.5M | $38.7M | $43.7M | $41.7M | $50.7M | $52.5M | $13,600 | $79.9M | $56.9M | $62.2M | $64.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $223.8M |
| Other current assets | $0 | $0 | $26.5M | $0 | $23.2M | $24.2M | $0 | $1.28B | $1.21B | $1.08B | — | $0 |
| Total current assets | $395.0M | $454.5M | $349.0M | $253.9M | $255.0M | $344.8M | $30.9M | $1.44B | $1.49B | $1.26B | — | $250.1M |
| Property, plant & equipment (net) | $2.6M | $2.7M | $2.8M | $2.3M | $2.4M | $5.3M | $5.7M | $4.0M | $5.1M | $5.2M | $5.7M | $6.0M |
| Goodwill & intangible assets | $66.5M | $14.6M | $14.6M | $14.6M | $14.7M | $14.7M | $14.8M | $60.9M | $29.8M | $29.9M | $0 | $27.2M |
| Long-term investments | $247.8M | $240.7M | $124.4M | $146.1M | $145.8M | $69.2M | $57.7M | $80.3M | $99.0M | $77.1M | $43.0M | $75.2M |
| Other non-current assets | $2.47B | $2.17B | $2.25B | $1.98B | $1.71B | $1.70B | $1.95B | $84.7M | $0 | $133.4M | $1.37B | $1.02B |
| Total assets | $3.18B | $2.89B | $2.74B | $2.40B | $2.13B | $2.14B | $2.06B | $1.67B | $1.62B | $1.51B | $1.42B | $1.38B |
| Liabilities | ||||||||||||
| Accounts payable | $42.9M | — | $9.4M | $37.4M | $38.2M | $41.1M | $9.2M | $45.0M | $46.3M | $41.9M | — | $38.8M |
| Short-term debt | $28.4M | $492,000 | $218.5M | $135.4M | $75.2M | $174.5M | $98.2M | $8.3M | $39.7M | $40.3M | — | $43.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$39.7M | −$2.8M | — | −$5.0M |
| Total current liabilities | $329,000 | $492,000 | $1.70B | $1.31B | $1.19B | $1.18B | $1.07B | $61.9M | $96.6M | $92.7M | — | $514.6M |
| Long-term debt | $526.1M | $515.7M | $601.4M | $613.2M | $582.1M | $599.5M | $609.8M | $648.0M | $598.7M | $556.3M | $582.9M | $648.7M |
| Lease obligations | $2.6M | $2.8M | $2.9M | $2.3M | $2.4M | $6.0M | $6.5M | $4.9M | $6.2M | $6.3M | — | $7.9M |
| Other long-term liabilities | $2.25B | $1.97B | $42.2M | $85.9M | $41.8M | $53.3M | $82.5M | $682.4M | $647.7M | $606.4M | $602.8M | $0 |
| Total liabilities | $2.77B | $2.48B | $2.35B | $2.01B | $1.81B | $1.83B | $1.76B | $1.39B | $1.34B | $1.26B | $1.19B | $1.15B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $579,000 | $577,000 | $573,000 | $577,000 | $525,000 | $527,000 | $526,000 | $520,000 | $517,000 | $493,000 | $492,000 | $491,000 |
| Retained earnings (deficit) | $109.9M | $101.8M | $95.0M | $82.0M | $70.0M | $61.5M | $57.8M | $44.8M | $38.3M | $32.6M | $23.7M | $14.3M |
| Accumulated other comprehensive income | −$5,000 | −$6,000 | −$4,000 | $5,000 | $8,000 | $9,000 | −$21,000 | $31,000 | −$137,000 | −$141,000 | −$148,000 | −$184,000 |
| Total shareholders' equity | $413.4M | $404.7M | $397.6M | $386.7M | $312.2M | $302.3M | $296.3M | $281.8M | $274.0M | $254.1M | $243.7M | $227.0M |
| Key figures | ||||||||||||
| Total debt | $556.8M | $2.41B | $822.8M | $750.9M | $659.7M | $780.0M | $714.5M | $660.7M | $658.2M | $668.8M | $1.12B | $656.0M |
| Net cash (debt) | −$161.8M | −$2.01B | −$538.9M | −$540.7M | −$469.6M | −$510.0M | −$361.4M | −$498.2M | −$460.3M | −$541.4M | −$937.5M | −$469.9M |
| Working capital | $394.7M | $454.0M | −$1.35B | −$1.06B | −$935.1M | −$836.9M | −$1.04B | $1.38B | $1.39B | $1.17B | — | −$264.6M |
| Tangible book value | $346.9M | $390.1M | $383.0M | $372.1M | $297.5M | $287.6M | $281.5M | $220.9M | $244.2M | $224.2M | $243.7M | $199.9M |
| Book value per share | $13.30 | $12.99 | $15.50 | $15.08 | $12.17 | $11.83 | $11.27 | $11.41 | $11.09 | $10.43 | $9.70 | $9.21 |
| Shares outstanding | 31.1M | 31.2M | 25.6M | 25.6M | 25.6M | 25.6M | 26.3M | 24.7M | 24.7M | 24.4M | 25.1M | 24.7M |
| Current ratio | 1,200.63 | 923.84 | 0.20 | 0.19 | 0.21 | 0.29 | 0.03 | 23.33 | 15.44 | 13.63 | — | 0.49 |
| Quick ratio | 1,468.86 | 923.84 | 0.19 | 0.19 | 0.19 | 0.27 | 0.38 | 2.63 | 2.88 | 1.99 | — | 0.49 |
| Debt / equity | 1.35 | 5.96 | 2.07 | 1.94 | 2.11 | 2.58 | 2.41 | 2.34 | 2.40 | 2.63 | 4.60 | 2.89 |
| Equity / assets | 13.0% | 14.0% | 14.5% | 16.1% | 14.7% | 14.1% | 14.4% | 16.8% | 16.9% | 16.8% | 17.1% | 16.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 10, 2026); data from EODHD.
NEWT financial position
At the end of fiscal 2025 (December 31, 2025), NewtekOne had total assets of $2.7 billion (up 33.2% from a year earlier), total liabilities of $2.3 billion and shareholders' equity of $397.6 million. It held $283.8 million in cash and short-term investments against $822.8 million of debt, net debt of $538.9 million. Its current ratio was 0.20. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $413.4 million.
Related: NEWT income statement, NEWT cash flow statement, NEWT key metrics. See the NEWT stock overview for the latest quote and news.
NEWT balance sheet FAQ
What are NewtekOne's total assets?
NewtekOne reported total assets of $2.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.
How much debt does NewtekOne have?
NewtekOne had $822.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.07.
How much cash does NewtekOne have?
NewtekOne held $283.8 million in cash and short-term investments at the end of fiscal 2025; with $822.8 million of debt that is net debt of $538.9 million.
What is NewtekOne's book value?
NewtekOne's shareholders' equity (book value) was $397.6 million at the end of fiscal 2025, or $15.50 per share.
What is NewtekOne's current ratio?
NewtekOne had current assets of $349.0 million and current liabilities of $1.7 billion, a current ratio of 0.20 (current liabilities exceed current assets).
How much goodwill does NewtekOne have?
NewtekOne carried $14.6 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2025.