| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Loan interest | 162,717 | 172,104 | 166,439 | 190,211 |
| Investment interest | 43,241 | 40,185 | 41,389 | 50,272 |
| Total interest income | 205,958 | 212,289 | 207,828 | 240,483 |
| Interest expense on bonds and notes payable and bank deposits | 120,708 | 132,854 | 125,114 | 168,328 |
| Net interest income | 85,250 | 79,435 | 82,714 | 72,155 |
| Less (negative provision) provision for loan losses | -3,563 | 17,930 | 15,337 | 18,111 |
| Net interest income after provision for loan losses | 88,813 | 61,505 | 67,377 | 54,044 |
| Revenue-Loan Servicing And Systems | 151,052 | 120,724 | - | - |
| Revenue-Education Technology Services And Payments | 129,321 | 118,184 | - | - |
| Revenue-Reinsurance Premiums Earned | 23,165 | 26,112 | - | - |
| Revenue-Solar Construction Revenue | 5,738 | 1,259 | - | - |
| Investment activity, net | 42,317 | - | - | - |
| Administration/sponsor fee income | 2,267 | - | - | - |
| Investment advisory services (wrcm)-Investment Advice | 2,010 | - | - | - |
| Borrower late fee income | 1,817 | - | - | - |
| Allo preferred return | 0 | - | - | - |
| (loss) gain from investments, net-ALLOVoting Membership Interests Investment | 0 | - | - | - |
| (loss) gain from investments, net-Solar Investment | -10,884 | - | - | - |
| (loss) gain on debt repurchases | -8,304 | - | - | - |
| Other | 6,507 | - | - | - |
| Other, net | 35,730 | 22,976 | 23,694 | 32,325 |
| Revenue | - | - | 296,753 | 245,675 |
| Loss on sale of loans, net | -2,472 | 0 | 909 | -107 |
| Gain on partial redemption of allo investment | 0 | 175,044 | - | - |
| Derivative market value adjustments and derivative settlements, net | -27 | -3,122 | -5,578 | -11,525 |
| Total other income (expense), net | 342,507 | 461,177 | 315,778 | 237,316 |
| Loan Servicing And Systems | 2,021 | 1,845 | - | - |
| Education Technology Services And Payments | 50,363 | 39,844 | - | - |
| Solar Construction Revenue | 7,607 | 14,050 | - | - |
| Cost of services | 59,991 | 55,739 | 57,508 | 72,088 |
| Salaries and benefits | 144,778 | - | - | 146,192 |
| Depreciation and amortization | 7,327 | - | - | 13,661 |
| Reinsurance losses and underwriting expenses | 19,962 | - | - | - |
| Other expenses | 53,669 | - | - | 61,642 |
| Total operating expenses | 225,736 | 219,291 | 217,916 | 221,495 |
| Impairment expense and provision for beneficial interests | 9,145 | 10,288 | 1,591 | 29,052 |
| Total expenses | 294,872 | 285,318 | 277,015 | - |
| Income (loss) before income taxes | 136,448 | 237,364 | 106,140 | -2,223 |
| Income tax (expense) benefit | 35,773 | 59,510 | 25,010 | -282 |
| Net income (loss) | 100,675 | 177,854 | 81,130 | -1,941 |
| Net loss attributable to noncontrolling interests | -6,009 | -3,605 | -1,430 | -4,329 |
| Net income (loss) attributable to nelnet, inc | 106,684 | 181,459 | 82,560 | 2,388 |
| Net income attributable to nelnet, inc. shareholders - basic (in dollars per share) | 2.94 | 4.97 | 2.26 | 0.07 |
| Net income attributable to nelnet, inc. shareholders - diluted (in dollars per share) | 2.94 | 4.97 | 2.26 | 0.07 |
| Weighted-average common shares outstanding - basic (in shares) | 36,316,315 | 36,485,605 | 36,478,426 | 36,430,485 |
| Weighted-average common shares outstanding - diluted (in shares) | 36,316,315 | 36,485,605 | 36,478,426 | 36,430,485 |
NELNET INC (NNI)
NELNET INC (NNI)