navi: the income statement

MyFinsight

For the quarter ending 2025-09-30, NAVI made $883M in revenue. -$86M in net income. Net profit margin of -9.74%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30
Federal Family Education Loan Program Ffelp Guaranteed Loans	484
Private Education Loans	276
Cash and investments	21
Total interest income	781
Total interest expense	639
Net interest income (loss)	142
Less provisions for loan losses	168
Net interest income (loss) after provisions for loan losses	-26
Servicing revenue	13
Asset recovery and business processing revenue	0
Other income	10
Gain on sale of subsidiary	0
Gains (losses) on derivative and hedging activities, net	-4
Total other income (loss)	19
Salaries and benefits	32
Other operating expenses	73
Total operating expenses	105
Goodwill and acquired intangible asset impairment and amortization expense	1
Restructuring/other reorganization expenses	4
Total expenses	110
Income (loss) before income tax expense (benefit)	-117
Income tax expense (benefit)	-31
Net income (loss)	-86

Earnings per share, basic	-0.87
Earnings per share, diluted	-0.87
Weighted average number of shares outstanding, basic	98,000,000
Weighted average number of shares outstanding, diluted	98,000,000