Everton have announced financial losses for the fifth successive year after reporting a £44.7m deficit in 2021-22.
Last week, the Toffees were referred to an independent commission by the Premier League over an alleged breach of financial fair play rules.
Meanwhile, Newcastle have announced a £70.7m loss for 2021-22, when the club was bought in a Saudi-backed takeover.
Richarlison sale boosts Everton's coffers
Everton denied wrongdoing after the Premier League's referral and said they were "prepared to robustly defend" their position.
The league did not reveal specifics of the club's alleged breach, other than saying it occurred in the period ending with the 2021-22 season.