For the quarter ending 2026-03-31, JSM had $27M increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and investments | 17 | 83 | - | - |
| Interest Income Operating | 678 | 3,025 | - | - |
| Total interest income | 695 | 747 | 2,361 | - |
| Total interest expense | 564 | 628 | 1,961 | - |
| Net interest income (loss) | 131 | 119 | 400 | - |
| Less provisions for loan losses | 27 | 44 | 169 | - |
| Net interest income (loss) after provisions for loan losses | 104 | 75 | 164 | - |
| Servicing revenue | 11 | - | - | - |
| Asset recovery and business processing revenue | 0 | - | - | - |
| Other revenue (loss) | 10 | - | - | - |
| Total other income (loss) | 21 | 18 | 73 | - |
| Direct operating expenses | 55 | 48 | - | - |
| Unallocated shared services expenses | 34 | 40 | - | - |
| Total operating expenses | 89 | 88 | 333 | - |
| Goodwill and acquired intangible asset impairment and amortization | 4 | 1 | 0 | - |
| Restructuring/other reorganization expenses | 0 | 11 | 6 | - |
| Total expenses | 93 | 100 | 341 | - |
| Income (loss) before income tax expense (benefit) | 32 | -7 | -104 | - |
| Income tax expense (benefit) | 15 | -2 | -29 | - |
| Net income (loss) | 17 | -5 | -86 | 11 |
| (gain) on sale of subsidiaries, net | - | 0 | 0 | - |
| Losses on debt repurchases | - | 0 | - | - |
| Goodwill and acquired intangible asset impairment and amortization expense | 4 | 1 | 0 | 2 |
| Stock-based compensation expense | 3 | 5 | 4 | 12 |
| Mark-to-market (gains) losses on derivative and hedging activities, net | 14 | -15 | -16 | -93 |
| Provisions for loan losses | 27 | 44 | 169 | 67 |
| Decrease in accrued interest receivable | -38 | 0 | -4 | -72 |
| (decrease) in accrued interest payable | -42 | 38 | -37 | -4 |
| (increase) decrease in other assets | 51 | -71 | 10 | 3 |
| (decrease) in other liabilities | -29 | 5 | 10 | -53 |
| Total adjustments | -64 | 179 | 156 | 186 |
| Net cash provided by operating activities | -47 | 174 | 70 | 197 |
| Education loans originated and acquired | 947 | 692 | 687 | 1,103 |
| Principal payments on education loans | - | 5,182 | - | - |
| Proceeds from payments on education loans | -2,099 | - | 1,261 | 2,460 |
| Other investing activities, net | -16 | 22 | 15 | -24 |
| Disposal of a subsidiaries, net of cash disposed of | - | 25 | - | - |
| Disposal of subsidiaries, net of cash and restricted cash disposed of | -25 | - | 0 | 25 |
| Long-term unsecured notes issued | - | 0 | 0 | 495 |
| Net cash provided by investing activities | 691 | 747 | 559 | 1,406 |
| Borrowings collateralized by loans in trust - issued | 680 | 540 | 541 | 1,081 |
| Borrowings collateralized by loans in trust - repaid | 1,456 | 1,378 | 1,537 | 2,430 |
| Asset-backed commercial paper conduits, net | 192 | 141 | 195 | -160 |
| Long-term unsecured notes repaid | 0 | 0 | 0 | 554 |
| Other financing activities, net | 5 | 49 | 9 | 30 |
| Common stock repurchased | 23 | 26 | 26 | 59 |
| Common dividends paid | 15 | 15 | 16 | 32 |
| Net cash used in financing activities | -617 | -689 | -834 | -1,629 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 27 | 232 | -205 | -26 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 2,104 | 1,872 | 2,103 | - |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | 2,131 | 2,104 | 1,872 | - |
NAVIENT CORP (JSM)
NAVIENT CORP (JSM)