Newlake Capital Financials
This page shows Newlake Capital (NLCP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Newlake Capital has an operating margin of 53.4%, meaning the company retains $53 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 53.4% the prior year.
Newlake Capital's revenue grew a modest 1.9% year-over-year to $51.1M. This slow but positive growth earns a score of 36/100.
Newlake Capital carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Newlake Capital generates a 6.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from 6.6% the prior year.
Newlake Capital passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Newlake Capital generates $1.61 in operating cash flow ($42.5M OCF vs $26.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Newlake Capital earns $32.5 in operating income for every $1 of interest expense ($27.3M vs $839K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Newlake Capital generated $51.1M in revenue in fiscal year 2025. This represents an increase of 1.9% from the prior year.
Newlake Capital's EBITDA was $42.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.0% from the prior year.
Newlake Capital reported $26.3M in net income in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Newlake Capital earned $1.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Cash & Balance Sheet
Newlake Capital held $23.9M in cash against $0 in long-term debt as of fiscal year 2025.
Newlake Capital paid $1.72 per share in dividends in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Newlake Capital had 21M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Margins & Returns
Newlake Capital's operating margin was 53.4% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.
Newlake Capital's net profit margin was 51.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
Newlake Capital's ROE was 6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
Capital Allocation
NLCP Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.3M-1.9% | $12.6M-2.7% | $12.9M-2.1% | $13.2M+5.6% | $12.5M-0.3% | $12.6M+0.8% | $12.5M-1.2% | $12.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.9M+15.2% | $1.6M+13.8% | $1.4M-36.0% | $2.2M+14.8% | $1.9M-6.9% | $2.1M+12.4% | $1.8M-10.1% | $2.1M |
| Operating Income | $6.3M-9.2% | $6.9M-8.6% | $7.6M+16.5% | $6.5M+4.4% | $6.2M-6.3% | $6.6M-4.7% | $7.0M-0.2% | $7.0M |
| Interest Expense | $222K-4.3% | $232K+10.5% | $210K+20.0% | $175K-1.1% | $177K0.0% | $177K+38.3% | $128K+54.2% | $83K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $6.0M-9.5% | $6.7M-8.9% | $7.3M+16.2% | $6.3M+4.5% | $6.0M-6.1% | $6.4M-5.5% | $6.8M-1.1% | $6.9M |
| EPS (Diluted) | N/A | $0.32-8.6% | $0.35+12.9% | $0.31 | N/A | $0.31-6.1% | $0.330.0% | $0.33 |
NLCP Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $420.8M-0.7% | $424.0M-0.4% | $425.8M-0.4% | $427.5M-0.9% | $431.5M-0.7% | $434.6M-0.4% | $436.2M+0.7% | $433.1M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $23.9M+1.6% | $23.6M+7.8% | $21.9M+9.6% | $19.9M-1.3% | $20.2M+1.9% | $19.8M-4.1% | $20.7M-4.0% | $21.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $26.1M-1.0% | $26.4M+0.3% | $26.3M-0.5% | $26.4M-4.1% | $27.6M-0.3% | $27.7M+1.5% | $27.3M+21.4% | $22.5M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $387.9M-0.7% | $390.8M-0.5% | $392.7M-0.4% | $394.2M-0.6% | $396.8M-0.7% | $399.7M-0.5% | $401.6M-0.4% | $403.3M |
| Retained Earnings | -$59.4M-5.3% | -$56.5M-4.1% | -$54.3M-3.0% | -$52.7M-5.2% | -$50.1M-6.5% | -$47.0M-5.4% | -$44.6M-4.9% | -$42.5M |
NLCP Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.1M-6.0% | $10.7M-6.3% | $11.5M+12.8% | $10.2M-4.4% | $10.6M-3.0% | $11.0M-6.5% | $11.7M+16.7% | $10.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$705K | $0+100.0% | -$500K-75.4% | -$285K+75.8% | -$1.2M+54.6% | -$2.6M+65.3% | -$7.5M+5.4% | -$7.9M |
| Financing Cash Flow | -$9.0M0.0% | -$9.0M+0.3% | -$9.1M+10.8% | -$10.1M-11.9% | -$9.1M+1.6% | -$9.2M-80.6% | -$5.1M+20.8% | -$6.4M |
| Dividends Paid | $8.8M0.0% | $8.8M+0.1% | $8.8M+0.1% | $8.8M0.0% | $8.8M0.0% | $8.8M+4.9% | $8.4M+2.5% | $8.2M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
NLCP Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 50.9%-4.1pp | 54.9%-3.5pp | 58.5%+9.3pp | 49.2%-0.5pp | 49.7%-3.2pp | 52.8%-3.1pp | 55.9%+0.6pp | 55.3% |
| Net Margin | 48.9%-4.1pp | 53.0%-3.6pp | 56.6%+8.9pp | 47.7%-0.5pp | 48.2%-3.0pp | 51.2%-3.4pp | 54.6%+0.1pp | 54.5% |
| Return on Equity | 1.6%-0.2pp | 1.7%-0.1pp | 1.9%+0.3pp | 1.6%+0.1pp | 1.5%-0.1pp | 1.6%-0.1pp | 1.7%-0.0pp | 1.7% |
| Return on Assets | 1.4%-0.1pp | 1.6%-0.2pp | 1.7%+0.3pp | 1.5%+0.1pp | 1.4%-0.1pp | 1.5%-0.1pp | 1.6%-0.0pp | 1.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.070.0 | 0.070.0 | 0.070.0 | 0.070.0 | 0.070.0 | 0.070.0 | 0.07+0.0 | 0.06 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Newlake Capital's annual revenue?
Newlake Capital (NLCP) reported $51.1M in total revenue for fiscal year 2025. This represents a 1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Newlake Capital's revenue growing?
Newlake Capital (NLCP) revenue grew by 1.9% year-over-year, from $50.1M to $51.1M in fiscal year 2025.
Is Newlake Capital profitable?
Yes, Newlake Capital (NLCP) reported a net income of $26.3M in fiscal year 2025, with a net profit margin of 51.5%.
What is Newlake Capital's EBITDA?
Newlake Capital (NLCP) had EBITDA of $42.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Newlake Capital's operating margin?
Newlake Capital (NLCP) had an operating margin of 53.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Newlake Capital's net profit margin?
Newlake Capital (NLCP) had a net profit margin of 51.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Newlake Capital pay dividends?
Yes, Newlake Capital (NLCP) paid $1.72 per share in dividends during fiscal year 2025.
What is Newlake Capital's return on equity (ROE)?
Newlake Capital (NLCP) has a return on equity of 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Newlake Capital's operating cash flow?
Newlake Capital (NLCP) generated $42.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Newlake Capital's total assets?
Newlake Capital (NLCP) had $420.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Newlake Capital's debt-to-equity ratio?
Newlake Capital (NLCP) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Newlake Capital's return on assets (ROA)?
Newlake Capital (NLCP) had a return on assets of 6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Newlake Capital's Piotroski F-Score?
Newlake Capital (NLCP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Newlake Capital's earnings high quality?
Newlake Capital (NLCP) has an earnings quality ratio of 1.61x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Newlake Capital cover its interest payments?
Newlake Capital (NLCP) has an interest coverage ratio of 32.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Newlake Capital?
Newlake Capital (NLCP) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.