For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenue-Loan Servicing And Systems | 509,089 | - | ||
| Revenue-Education Technology Services And Payments | 507,150 | - | ||
| Revenue-Reinsurance Premiums Earned | 107,502 | - | ||
| Revenue | - | 1,032,293 | ||
| Revenue-Solar Construction Revenue | 14,371 | - | ||
| Investment advisory services (wrcm)-Investment Advice | 6,366 | - | ||
| Investment activity, net | 61,072 | - | ||
| Allo preferred return | 14,548 | - | ||
| Solar consulting fee income | 13,127 | - | ||
| Borrower late fee income | 11,664 | - | ||
| Administration/sponsor fee income | 6,400 | - | ||
| Gain (loss) on investments-ALLOVoting Membership Interests Investment | 0 | - | ||
| Gain (loss) on investments-Solar Investment | -29,029 | - | ||
| (loss) gain on debt repurchases | -4,849 | - | ||
| Loss on sale of loans, net | -1,720 | -1,643 | ||
| Other | 20,008 | - | ||
| Other, net | 97,587 | 61,602 | ||
| Gain on partial redemption of allo investment | 175,044 | - | ||
| Derivative market value adjustments and derivative settlements, net | -6,398 | 16,258 | ||
| Total other income (expense), net | 1,404,345 | 1,165,079 | ||
| Loan interest | 686,085 | 787,498 | ||
| Investment interest | 165,374 | 185,901 | ||
| Total interest income | 851,459 | 973,399 | ||
| Interest expense on bonds and notes payable and bank deposits | 496,950 | 680,537 | ||
| Net interest income | 354,509 | 292,862 | ||
| Less provision for loan losses | 67,851 | 54,607 | ||
| Less provision for beneficial interests | 11,311 | - | ||
| Net interest income after provision | 275,347 | - | ||
| Loan Servicing And Systems | 7,555 | - | ||
| Education Technology Services And Payments | 176,907 | - | ||
| Solar Construction Revenue | 41,810 | - | ||
| Cost of services | 226,272 | 252,325 | ||
| Salaries and benefits | 558,786 | - | ||
| Depreciation and amortization | 33,571 | - | ||
| Net interest income after provision for loan losses | - | 238,255 | ||
| Reinsurance losses and underwriting expenses | 93,551 | - | ||
| Impairment expense | 29,612 | - | ||
| Other expenses | 211,568 | - | ||
| Total operating expenses | 927,088 | 879,796 | ||
| Income (loss) before income taxes | 526,332 | - | ||
| Impairment expense and provision for beneficial interests | - | 42,629 | ||
| Total expenses | - | 1,174,750 | ||
| Income (loss) before income taxes | - | 228,584 | ||
| Income tax expense | 127,986 | 52,669 | ||
| Net income | 398,346 | 175,915 | ||
| Net loss attributable to noncontrolling interests | -30,128 | -8,130 | ||
| Net income (loss) attributable to nelnet, inc | 428,474 | 184,045 | ||
| Basic EPS | 11.79 | 5.02 | ||
| Diluted EPS | 11.79 | 5.02 | ||
| Basic Average Shares | 36,341,197 | 36,642,533 | ||
| Diluted Average Shares | 36,341,197 | 36,642,533 | ||
NELNET INC (NNI)
NELNET INC (NNI)