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Alerus Financial vs NewtekOne: ALRS and NEWT compared
Alerus Financial is the larger company: $81.1M of revenue in its latest quarter (Q3 2026) against $71.8M for NewtekOne (Q3 2026). Alerus Financial is growing faster (+12% against -4% a year earlier). Alerus Financial is more profitable, with an operating margin of 30.8% against 19.8%.
Where the money goes: ALRS and NEWT
Alerus Financial (ALRS) · Q3 2026
Alerus Financial, Q3 2026: revenue $81.1M (+12% year over year), operating margin 30.8%, net earnings $19.2M, operating cash flow $51.3M. The chart follows the revenue to costs, profit and cash.
NewtekOne (NEWT) · Q3 2026
NewtekOne, Q3 2026: revenue $71.8M (-4% year over year), operating margin 19.8%, net earnings $10.7M, operating cash flow −$152M. The chart follows the revenue to costs, profit and cash.
| Alerus Financial (ALRS) | NewtekOne (NEWT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $81.1M | $71.8M |
| Revenue growth, Y/Y | +12% | -4% |
| Operating margin | 30.8% | 19.8% |
| Net earnings | $19.2M | $10.7M |
| Net margin | 23.7% | 14.9% |
| Operating cash flow | $51.3M | −$152M |
Where the revenue comes from
Alerus Financial
- Net interest income: $46.7M (58%)
- Noninterest income: $34.4M (42%)
NewtekOne
- Noninterest income: $52.9M (74%)
- Net interest income: $18.9M (26%)
Questions
Which is bigger, Alerus Financial or NewtekOne?
Alerus Financial is the larger company: $81.1M of revenue in its latest quarter (Q3 2026) against $71.8M for NewtekOne (Q3 2026).
Is Alerus Financial or NewtekOne growing faster?
Alerus Financial is growing faster (+12% against -4% a year earlier).
Which is more profitable, Alerus Financial or NewtekOne?
Alerus Financial is more profitable, with an operating margin of 30.8% against 19.8%.
More: Alerus Financial earnings · how Alerus Financial makes money · NewtekOne earnings · how NewtekOne makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.