| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue-Loan Servicing And Systems | 127,842 | 101,425* | 151,052 | 120,724 |
| Revenue-Education Technology Services And Payments | 154,436 | 216,002* | 129,321 | 118,184 |
| Revenue-Reinsurance Premiums Earned | 22,536 | 33,587* | 23,165 | 26,112 |
| Revenue-Solar Construction Revenue | 0 | 3,876* | 5,738 | 1,259 |
| Investment advisory services (wrcm)-Investment Advice | NaN | 1,379 | 2,010 | NaN |
| Investment activity, net | NaN | 4,742 | 42,317 | NaN |
| Allo preferred return | NaN | 147 | 0 | NaN |
| Solar consulting fee income | NaN | 3,282* | NaN | NaN |
| Borrower late fee income | NaN | 6,618 | 1,817 | NaN |
| Administration/sponsor fee income | NaN | -401* | 2,267 | NaN |
| Gain (loss) on investments-ALLOVoting Membership Interests Investment | NaN | 0* | 0 | NaN |
| Gain (loss) on investments-Solar Investment | NaN | -17,099 | -10,884 | NaN |
| (gain) loss on debt repurchases | NaN | 13,673* | -8,304 | NaN |
| Loss on sale of loans, net | NaN | -157 | -2,472 | 0 |
| Other | NaN | 3,003 | 6,507 | NaN |
| Other, net | 10,437 | 15,187 | 35,730 | 22,976 |
| Loss on partial redemption of allo investment | NaN | -87,522* | 0 | 175,044 |
| Derivative market value adjustments and derivative settlements, net | 2,167 | 2,329 | -27 | -3,122 |
| Total other income (expense), net | 317,418 | 284,883 | 342,507 | 461,177 |
| Loan interest | 171,024 | 184,825 | 162,717 | 172,104 |
| Impairment expense and provision for beneficial interests | NaN | NaN | 9,145 | 10,288 |
| Total expenses | NaN | NaN | 294,872 | 285,318 |
| Investment interest | 40,202 | 40,559 | 43,241 | 40,185 |
| Total interest income | 211,226 | 225,384 | 205,958 | 212,289 |
| Interest expense on bonds and notes payable and bank deposits | 109,583 | 118,274 | 120,708 | 132,854 |
| Net interest income | 101,643 | 107,110 | 85,250 | 79,435 |
| Provision for loan losses from allowance activity table above | 53,572 | NaN | NaN | NaN |
| Provision expense (negative provision) for unfunded loan commitments, net | -328 | NaN | NaN | NaN |
| Less provision for loan losses | 53,244 | 38,147 | -3,563 | 17,930 |
| Less provision for beneficial interests | 4,130 | 11,311 | NaN | NaN |
| Net interest income after provision | 44,269 | 57,652 | 88,813 | 61,505 |
| Loan Servicing And Systems | 2,087 | 1,756* | 2,021 | 1,845 |
| Education Technology Services And Payments | 49,953 | 41,954* | 50,363 | 39,844 |
| Solar Construction Revenue | 0 | 9,325* | 7,607 | 14,050 |
| Cost of services | 52,040 | 53,034 | 59,991 | 55,739 |
| Salaries and benefits | NaN | 159,029* | 144,778 | NaN |
| Depreciation and amortization | NaN | 8,698* | 7,327 | NaN |
| Reinsurance losses and underwriting expenses | NaN | 30,290* | 19,962 | NaN |
| Impairment expense | NaN | 7,403* | NaN | NaN |
| Other expenses | NaN | 58,726* | 53,669 | NaN |
| Total operating expenses | 233,986 | 264,145 | 225,736 | 219,291 |
| Income (loss) before income taxes | 75,661 | 46,380 | 136,448 | 237,364 |
| Income tax (expense) benefit | 20,061 | 7,693 | 35,773 | 59,510 |
| Net income | 55,600 | 38,687 | 100,675 | 177,854 |
| Net loss attributable to noncontrolling interests | -15,526 | -19,084 | -6,009 | -3,605 |
| Net income (loss) attributable to nelnet, inc | 71,126 | 57,771 | 106,684 | 181,459 |
| Basic EPS | 1.97 | 1.601 | 2.94 | 4.97 |
| Diluted EPS | 1.97 | 1.601 | 2.94 | 4.97 |
| Basic Average Shares | 36,076,912 | 36,084,442 | 36,316,315 | 36,485,605 |
| Diluted Average Shares | 36,076,912 | 36,084,442 | 36,316,315 | 36,485,605 |
NELNET INC (NNI)
NELNET INC (NNI)