Cash flow Nelnet, Inc.

Stocks

NNI

US64031N1081

Consumer Lending

Market Closed - NYSE 01:30:02 12/09/2026 am IST			5-day change	1st Jan Change
126.69 ^USD	+0.72%		-0.49%	-4.72%

20/08	Nelnet, PayPal Launch Tuition Digital Wallet Payments	MT
07/08	Nelnet Q2 Adjusted Earnings, Revenue Fall	MT

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Published financial data: NELNET, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Interest and Dividend Income, Total	52Cr	74Cr	110.98Cr	97Cr	85Cr
Interest Expense, Total	10Cr	17Cr	86Cr	66Cr	50Cr
Net Interest Income	42Cr	58Cr	25Cr	31Cr	35Cr
Loan Servicing Revenue	49Cr	54Cr	52Cr	48Cr	51Cr
Gain (Loss) on Sale of Loans & Receivables	1.87Cr	29.03L	3.97Cr	-16.43L	-
Gain (Loss) on Sale of Investments, Total (Rev)	3.93Cr	-2.59Cr	-12Cr	-47.32L	21Cr
Other Revenues, Total	38Cr	47Cr	56Cr	66Cr	69Cr
Revenues Before Provison For Loan Losses	134.44Cr	156.22Cr	124.2Cr	144.91Cr	175.2Cr
Provision For Loan Losses	-1.49Cr	4.64Cr	6.54Cr	9.41Cr	7.92Cr
Total Revenues	135.92Cr	151.58Cr	117.66Cr	135.5Cr	167.29Cr
Salaries And Other Employee Benefits	51Cr	59Cr	58Cr	57Cr	56Cr
Stock-Based Compensation (IS)	14L	17L	16L	16L	16L
Cost of Services Provided, Total	12Cr	18Cr	23Cr	26Cr	23Cr
Depreciation & Amortization - (IS) - (Collected)	7.37Cr	7.41Cr	7.91Cr	5.81Cr	3.36Cr
Other Operating Expenses	13Cr	15Cr	17Cr	23Cr	29Cr
Total Operating Expenses	83Cr	99Cr	106.35Cr	111.53Cr	111.21Cr
Operating Income	53Cr	52Cr	11Cr	24Cr	56Cr
EBT, Excl. Unusual Items	53Cr	52Cr	11Cr	24Cr	56Cr
Restructuring Charges	-	-	-78L	-87L	-
Impairment of Goodwill	-	-	-1.89Cr	-	-
Gain (Loss) on Sale of Investments	-46L	-65.61L	-20.6L	-5L	-1.33Cr
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-1.42Cr	-89.62L	-1.1Cr	-19.06L	-1.63Cr
Other Unusual Items	-67.75L	12.31L	8L	54T	-48.49L
EBT, Incl. Unusual Items	50Cr	51Cr	7.42Cr	23Cr	53Cr
Income Tax Expense	12Cr	11Cr	1.98Cr	5.27Cr	13Cr
Earnings From Continuing Operations	39Cr	40Cr	5.44Cr	18Cr	40Cr
Net Income to Company	39Cr	40Cr	5.44Cr	18Cr	40Cr
Minority Interest	70.03L	1.11Cr	3.71Cr	81.3L	3.01Cr
Net Income - (IS)	39Cr	41Cr	9.15Cr	18Cr	43Cr
Net Income to Common Incl Extra Items	39Cr	41Cr	9.15Cr	18Cr	43Cr
Net Income to Common Excl. Extra Items	39Cr	41Cr	9.15Cr	18Cr	43Cr
Per Share Items
Net EPS - Basic	10.2	10.83	2.45	5.02	11.79
Basic EPS - Continuing Operations	10.2	10.83	2.45	5.02	11.79
Basic Weighted Average Shares Outstanding	3.86Cr	3.76Cr	3.74Cr	3.66Cr	3.63Cr
Net EPS - Diluted	10.2	10.83	2.45	5.02	11.79
Diluted EPS - Continuing Operations	10.2	10.83	2.45	5.02	11.79
Diluted Weighted Average Shares Outstanding	3.86Cr	3.76Cr	3.74Cr	3.66Cr	3.63Cr
Normalized Basic EPS	8.73	9	2.88	4.31	10.47
Normalized Diluted EPS	8.73	9	2.88	4.31	10.47
Dividend Per Share	0.9	0.98	1.06	1.12	1.19
Payout Ratio	8.76	8.99	43.07	22.19	10.03
Supplemental Items
Effective Tax Rate - (Ratio)	23.07	22.22	26.63	23.04	24.32
Current Domestic Taxes	6Cr	7.86Cr	7.17Cr	7.41Cr	13Cr
Current Foreign Taxes	2L	-49T	32T	1L	-2L
Total Current Taxes	6.02Cr	7.86Cr	7.17Cr	7.43Cr	13Cr
Deferred Domestic Taxes	5.58Cr	3.46Cr	-5.2Cr	-2.15Cr	-39.4L
Deferred Foreign Taxes	-2L	20T	12T	-1L	-4L
Total Deferred Taxes	5.56Cr	3.46Cr	-5.2Cr	-2.16Cr	-43.07L
Normalized Net Income	34Cr	34Cr	11Cr	16Cr	38Cr
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	1.06Cr	1.4Cr	1.63Cr	1.19Cr	1.3Cr
Stock-Based Comp., Other (Total)	14L	17L	16L	16L	16L
Total Stock-Based Compensation	1.2Cr	1.57Cr	1.79Cr	1.35Cr	1.46Cr

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	13Cr	12Cr	17Cr	19Cr	30Cr
Long-Term Investments - (FS Template)	142.16Cr	186.17Cr	148.83Cr	185.26Cr	194.53Cr
Trading Asset Securities, Total	-	-	5L	32.32L	6L
Loans and Lease Receivables - (FS Template)	1.85TCr	1.54TCr	1.34TCr	1.02TCr	1.02TCr
Other Receivables	17Cr	20Cr	26Cr	22Cr	28Cr
Gross Property Plant And Equipment	34Cr	37Cr	39Cr	40Cr	38Cr
Accumulated Depreciation	-21Cr	-23Cr	-25Cr	-30Cr	-29Cr
Net Property Plant And Equipment	13Cr	14Cr	14Cr	11Cr	8.52Cr
Goodwill	14Cr	18Cr	16Cr	16Cr	16Cr
Other Intangibles, Total	5.2Cr	6.35Cr	4.48Cr	3.63Cr	2.93Cr
Restricted Cash	106.86Cr	123.95Cr	86Cr	74Cr	68Cr
Deferred Tax Assets Long-Term (Collected)	2.73Cr	3.44Cr	2.18Cr	2.1Cr	7.26Cr
Deferred Charges Long-Term	-	-	-	2.11Cr	2.38Cr
Other Long-Term Assets, Total	8.04Cr	13Cr	21Cr	19Cr	26Cr
Total Assets	2.17TCr	1.94TCr	1.67TCr	1.38TCr	1.41TCr
Liabilities
Interest Bearing Deposits	71Cr	103.96Cr	116.91Cr	166.46Cr	212.7Cr
Deposits	71Cr	103.96Cr	116.91Cr	166.46Cr	212.7Cr
Accrued Expenses, Total	45.66L	3.6Cr	3.54Cr	2.1Cr	2.04Cr
Short-Term Borrowings	-	-	1.21Cr	53T	17.27L
Current Portion of Long-Term Debt	-	46Cr	21Cr	-	1L
Current Portion of Leases	58.16L	51.54L	45.03L	35.45L	47.44L
Long-Term Debt	1.76TCr	1.42TCr	1.16TCr	830.98Cr	778.08Cr
Long-Term Leases	1.01Cr	1.13Cr	97.88L	79.77L	82.94L
Current Income Taxes Payable	-	52L	-	-	-
Unearned Revenue Non Current	4.12Cr	5.67Cr	7.26Cr	8.83Cr	9.25Cr
Deferred Tax Liability Non-Current	12Cr	14Cr	7.53Cr	3.04Cr	3.82Cr
Other Non Current Liabilities	20Cr	24Cr	32Cr	35Cr	41Cr
Total Liabilities	1.87TCr	1.62TCr	1.35TCr	1.05TCr	1.05TCr
Common Stock, Total	4L	4L	4L	4L	4L
Additional Paid In Capital	10L	11.09L	30.96L	73.89L	14.81L
Retained Earnings	294.05Cr	323.48Cr	327.93Cr	334.05Cr	368.13Cr
Comprehensive Income and Other	93.04L	-3.74Cr	-2.01Cr	14.7L	26.19L
Total Common Equity	295.12Cr	319.9Cr	326.26Cr	334.98Cr	368.58Cr
Minority Interest	16.32L	9L	-4.07Cr	-5.06Cr	-11Cr
Total Equity	295.28Cr	319.99Cr	322.19Cr	329.91Cr	357.72Cr
Total Liabilities And Equity	2.17TCr	1.94TCr	1.67TCr	1.38TCr	1.41TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.78Cr	3.71Cr	3.7Cr	3.63Cr	3.59Cr
ECS Total Common Shares Outstanding	3.79Cr	3.71Cr	3.71Cr	3.63Cr	3.59Cr
Book Value / Share	77.83	86.16	88.03	92.3	102.74
Tangible Book Value	275.71Cr	295.86Cr	305.98Cr	315.54Cr	349.85Cr
Tangible Book Value Per Share	72.72	79.68	82.55	86.94	97.51
Tangible Book Value Per Share (As Reported)	-	-	-	-	-
Total Debt	1.76TCr	1.47TCr	1.18TCr	832.14Cr	779.57Cr
Net Debt	1.75TCr	1.45TCr	1.17TCr	812.36Cr	749.91Cr
Equity Method Investments, Total	16Cr	16Cr	10Cr	13Cr	23Cr
Full Time Employees	7.99T	8.24T	7.55T	6.74T	5.74T

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	39Cr	41Cr	9.15Cr	18Cr	43Cr
Depreciation, Depletion & Amortization	5.07Cr	5.91Cr	6.21Cr	4.96Cr	2.66Cr
Amortization of Goodwill and Intangible Assets - (CF)	2.3Cr	1.5Cr	1.7Cr	85L	70L
Total Depreciation, Depletion & Amortization	7.37Cr	7.41Cr	7.91Cr	5.81Cr	3.36Cr
Amortization of Deferred Charges, Total	5.86Cr	10Cr	6.63Cr	7.44Cr	5.71Cr
Minority Interest in Earnings - (CF)	-70.03L	-1.11Cr	-3.71Cr	-81.3L	-3.01Cr
Gain (Loss) on Sale of Loans & Receivables - (CF)	-2.67Cr	-7.04Cr	-7.05Cr	-5.24Cr	-11Cr
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-9.66Cr	-21Cr	16Cr	-1.81Cr	-19Cr
Total Asset Writedown	1.64Cr	1.55Cr	2.95Cr	4.26Cr	2.96Cr
Provision for Credit Losses	-1.24Cr	4.64Cr	6.54Cr	5.46Cr	6.79Cr
Stock-Based Compensation (CF)	1.07Cr	1.42Cr	1.65Cr	1.2Cr	1.33Cr
Changes in Accrued Interest Receivable	-	-	-	-	-
Changes in Accrued Interest Payable	-2.41Cr	3.15Cr	-7L	-1.45Cr	-49.42L
Change in Other Net Operating Assets (Collected)	4.83Cr	-3.61Cr	13Cr	35Cr	12Cr
Other Operating Activities	11Cr	32Cr	-10Cr	-1.91Cr	90.91L
Cash from Operations	54Cr	68Cr	43Cr	66Cr	42Cr
Capital Expenditure	-5.9Cr	-5.94Cr	-7.41Cr	-2.09Cr	-2.62Cr
Cash Acquisitions	-	-3.4Cr	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-64Cr	-71Cr	7.01Cr	-52Cr	-31Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	191.17Cr	308.68Cr	240.95Cr	295.23Cr	43Cr
Other Investing Activities, Total	-2.27Cr	-83.1L	-47Cr	-	26Cr
Cash from Investing	118.59Cr	227.2Cr	193.81Cr	241.27Cr	36Cr
Long-Term Debt Issued, Total	194.76Cr	130.16Cr	76Cr	3.07Cr	139.32Cr
Total Debt Issued	194.76Cr	130.16Cr	76Cr	3.07Cr	139.32Cr
Long-Term Debt Repaid, Total	-368.38Cr	-433.92Cr	-360.62Cr	-364.47Cr	-261.59Cr
Total Debt Repaid	-368.38Cr	-433.92Cr	-360.62Cr	-364.47Cr	-261.59Cr
Issuance of Common Stock	14.65L	16.33L	17.8L	19.46L	18.82L
Repurchase of Common Stock	-5.81Cr	-9.77Cr	-2.8Cr	-8.33Cr	-6.93Cr
Common Dividends Paid	-3.45Cr	-3.66Cr	-3.94Cr	-4.08Cr	-4.3Cr
Common & Preferred Stock Dividends Paid	-3.45Cr	-3.66Cr	-3.94Cr	-4.08Cr	-4.3Cr
Other Financing Activities, Total	33Cr	38Cr	21Cr	57Cr	60Cr
Cash from Financing	-149.49Cr	-279.25Cr	-270.32Cr	-316.97Cr	-74Cr
Foreign Exchange Rate Adjustments	-1L	-2L	16T	-4L	3L
Net Change in Cash	24Cr	16Cr	-33Cr	-9.45Cr	4.25Cr
Supplemental Items
Cash Interest Paid	15Cr	35Cr	78Cr	65Cr	47Cr
Cash Income Tax Paid (Refund)	1.87Cr	5.77Cr	4.76Cr	1.52Cr	6.89Cr
Net Debt Issued / Repaid	-173.62Cr	-303.76Cr	-284.5Cr	-361.4Cr	-122.27Cr

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	1.74	1.93	0.3	1.15	2.86
Return On Equity %	13.84	12.88	1.7	5.41	11.59
Return on Common Equity	14.09	13.25	2.83	5.57	12.18
Margin Analysis
Gross Profit Margin %	92.01	88.89	81.32	81.33	86.47
SG&A Margin	38	39.35	50.25	42.34	33.73
Income From Continuing Operations Margin %	28.42	26.14	4.63	12.98	23.81
Net Income Margin %	28.93	26.87	7.78	13.58	25.61
Net Avail. For Common Margin %	28.93	26.87	7.78	13.58	25.61
Normalized Net Income Margin	24.78	22.33	9.16	11.66	22.75
Asset Turnover
Asset Turnover	0.06	0.07	0.07	0.09	0.12
Short Term Liquidity
Current Ratio	27.5	10.98	10.27	6.75	5.33
Quick Ratio	26.02	10.18	9.67	6.31	5.02
Operating Cash Flow to Current Liabilities	0.76	0.44	0.3	0.39	0.2
Long Term Solvency
Total Debt/Equity	597.63	457.94	367.63	252.23	217.93
Total Debt / Total Capital	85.67	82.08	78.62	71.61	68.55
LT Debt/Equity	597.43	443.41	360.65	252.12	217.74
Long-Term Debt / Total Capital	85.64	79.47	77.12	71.58	68.49
Total Liabilities / Total Assets	86.38	83.48	80.75	76.05	74.56
Leverage Ratio %	-	13.3	12.5	12.4	14.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.97	11.52	-22.38	15.7	23.46
Gross Profit, 1 Yr. Growth %	24.77	7.74	-28.99	15.83	31.28
Earnings From Cont. Operations, 1 Yr. Growth %	10.48	2.58	-86.26	256.61	126.44
Net Income, 1 Yr. Growth %	11.59	3.58	-77.53	104.89	132.81
Normalized Net Income, 1 Yr. Growth %	135.42	0.49	-68.15	46.55	142.55
Diluted EPS Before Extra, 1 Yr. Growth %	13	6.25	-77.42	109.22	134.74
Common Equity, 1 Yr. Growth %	12.13	8.39	1.99	2.95	10.03
Total Assets, 1 Yr. Growth %	-4.28	-10.63	-13.61	-17.56	2.08
Tangible Book Value, 1 Yr. Growth %	14.17	7.31	3.42	3.43	10.87
Cash From Operations, 1 Yr. Growth %	156.03	42.41	-36.71	53.44	-36.19
Capital Expenditures, 1 Yr. Growth %	-47.97	0.8	24.62	-71.77	25.52
Dividend Per Share, 1 Yr. Growth %	9.76	8.89	8.16	5.66	6.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.96	17.1	-6.96	-5.21	19.52
Gross Profit, 2 Yr. CAGR %	16.08	15.94	-12.53	-9.31	23.31
Earnings From Cont. Operations, 2 Yr. CAGR %	65.34	6.46	-62.46	-32.73	184.17
Net Income, 2 Yr. CAGR %	66.54	7.51	-51.76	-32.75	118.4
Normalized Net Income, 2 Yr. CAGR %	66.61	53.81	-43.43	-31.92	87.94
Diluted EPS Before Extra, 2 Yr. CAGR %	69.69	9.57	-51.02	-31.87	121.61
Common Equity, 2 Yr. CAGR %	11.2	10.24	5.14	2.33	6.43
Total Assets, 2 Yr. CAGR %	-4.38	-7.51	-12.13	-15.67	-8.27
Tangible Book Value, 2 Yr. CAGR %	13.29	10.69	5.35	3.27	7.08
Cash From Operations, 2 Yr. CAGR %	35.01	39.98	-5.06	-1.49	-1.05
Capital Expenditures, 2 Yr. CAGR %	-20.17	-27.58	12.08	-40.69	-40.48
Dividend Per Share, 2 Yr. CAGR %	10.28	9.32	8.53	6.9	5.95
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.94	13.8	2.1	-0.1	3.52
Gross Profit, 3 Yr. CAGR %	8.66	13.23	-1.54	-4.13	2.59
Earnings From Cont. Operations, 3 Yr. CAGR %	19.3	41.02	-46.2	-23.06	0.82
Net Income, 3 Yr. CAGR %	19.94	42.15	-36.2	-22.36	1.74
Normalized Net Income, 3 Yr. CAGR %	21.79	40.77	-9.01	-22.31	3.76
Diluted EPS Before Extra, 3 Yr. CAGR %	22.32	45.17	-35.28	-21.02	2.9
Common Equity, 3 Yr. CAGR %	8.6	10.26	7.42	4.31	4.84
Total Assets, 3 Yr. CAGR %	-4.92	-6.51	-9.59	-14.02	-10.13
Tangible Book Value, 3 Yr. CAGR %	10.68	11.26	8.21	4.6	5.75
Cash From Operations, 3 Yr. CAGR %	26.23	31.78	7.44	11.34	-14.76
Capital Expenditures, 3 Yr. CAGR %	-22.17	-13.72	-13.22	-29.22	-23.85
Dividend Per Share, 3 Yr. CAGR %	10.89	9.82	8.93	7.56	6.69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.52	13.61	2.28	5.67	8.64
Gross Profit, 5 Yr. CAGR %	9.75	12.66	-0.37	3.49	7.61
Earnings From Cont. Operations, 5 Yr. CAGR %	8.45	19.61	-24.88	4.48	2.64
Net Income, 5 Yr. CAGR %	8.9	18.66	-16.68	5.35	3.98
Normalized Net Income, 5 Yr. CAGR %	6.7	17.14	-10.38	5.41	21.62
Diluted EPS Before Extra, 5 Yr. CAGR %	11.12	21.19	-15.18	7.24	5.5
Common Equity, 5 Yr. CAGR %	7.44	8.28	7.2	7.01	6.97
Total Assets, 5 Yr. CAGR %	-4.43	-4.16	-7.87	-10.29	-9.09
Tangible Book Value, 5 Yr. CAGR %	8.11	8.45	8.52	7.99	7.7
Cash From Operations, 5 Yr. CAGR %	12.66	16.25	9.83	17.27	3.91
Capital Expenditures, 5 Yr. CAGR %	-2.7	-17.56	-9.94	-25.73	-25.37
Dividend Per Share, 5 Yr. CAGR %	12.47	11.06	9.94	8.64	7.73