NNI
Nelnet, Inc.135.44
+1.50+1.12%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.90BP/E (TTM)
11.37Basic EPS (TTM)
11.91Dividend Yield
0.01%Recent Filings
10-Q
Q3 FY2025 results
Nelnet swung to a solid Q3 profit, with net income attributable to shareholders hitting $106.7 million, up sharply from $2.4 million last year, fueled by a $32.9 million non-recurring boost from a government servicing contract tweak and a $28.9 million negative provision on consumer loan sales (derived). Revenue climbed 42% year-over-year to $548.5 million, driven by loan servicing and systems jumping 40% on higher government and private volumes, while education tech payments grew 9% to $129.3 million; yet net interest income dipped 17% to $85.3 million amid FFELP portfolio runoff. Core loan spread widened to 1.30% (derived), but solar construction revenue cratered 70% to $5.7 million as projects stalled. Cash swelled to $216.4 million, with $1.66 billion in liquidity; debt fell to $7.82 billion. The ALLO redemption delivered $410.9 million in proceeds earlier this year. Regulatory shifts in solar tax credits pose ongoing risks to renewable investments.
8-K
Nelnet Q3 earnings soar
Nelnet posted Q3 2025 GAAP net income of $106.7 million, or $2.94 per share, surging from $2.4 million last year, fueled by $32.9 million in non-recurring government servicing revenue and a $30.2 million gain on a venture capital investment. Core segments shone: loan servicing revenue hit $151.1 million amid portfolio conversions, while AGM's net interest income climbed to $44.7 million despite FFELP runoff. Yet solar construction dragged with $6.0 million losses. The company announced a $93 million cash deal to buy Finastra's Canadian student loan business, closing Q1 2026, expanding its cross-border footprint.
8-K
Nelnet Bank files quarterly Call Report
Nelnet Bank, a wholly-owned subsidiary of Nelnet, Inc., filed its quarterly Call Report with the FDIC on October 29, 2025, covering the period ended September 30, 2025. This routine disclosure for banks under $5 billion in assets provides public insight into the subsidiary's financial condition and income. No material changes or impacts were highlighted. Details remain accessible via the FDIC's public database.
8-K
Nelnet acquires Canadian loan servicer
Nelnet Canada agreed to buy Finastra's Canadian student loan servicing business for CAD $130 million (about USD $93 million) in cash, with closure eyed for Q1 2026 pending standard approvals. This deal folds in a top provider handling 2.4 million borrowers via proprietary tech, bolstering Nelnet's cross-border student lending footprint. The full team of over 450 stays intact in Mississauga. Acquisition expands reach yet hinges on closing conditions.
8-K
Nelnet redeems tech stake
Nelnet redeemed part of its equity stake in an unaffiliated tech investee on August 11, 2025, pocketing $10 million in cash and booking an $8 million pre-tax gain. The deal's ripple effect? A $22 million pre-tax uplift to the remaining $32 million holding in Q3 2025, thanks to observable price tweaks. Partial cash-out sharpens focus. No risks detailed.
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