NELNET (NNI) Company Report

Nelnet reported record GAAP net income of $428.5 million, or $11.79 per share, for the year ended December 31, 2025, and $57.8 million, or $1.60 per share, for the fourth quarter of 2025.
The 2025 annual earnings were significantly impacted by several one-time items, including a $175.0 million gain from the partial redemption of ALLO, a $32.9 million non-recurring revenue for NDS, a $30.2 million gain from CompanyCam, and a $57.5 million loss from the solar construction business, which the company exited at the end of 2025.
All three major divisions—Nelnet Financial Services (NFS), Nelnet Diversified Services (NDS), and Nelnet Business Services (NBS)—demonstrated solid performance, with NFS increasing pre-tax income by $67 million and NDS growing pre-tax income by $56 million in 2025.
In the fourth quarter of 2025, the company repurchased 126,680 Class A common shares for $16.1 million at an average price of $127.27 per share.

2 days ago

Nelnet Reports Fourth Quarter and Full Year 2025 Results

NNI

Earnings

Share Buyback

New Projects/Investments

Nelnet reported GAAP net income of $57.8 million, or $1.60 per share, for the fourth quarter of 2025, and $428.5 million, or $11.79 per share, for the full year 2025, with the CEO noting record earnings for the year.
The Asset Generation and Management (AGM) segment's loan and investment net interest income increased to $63.5 million in Q4 2025, partly due to the acquisition of $744.2 million in Pay Later receivables as of December 31, 2025.
Revenue from the Loan Servicing and Systems segment decreased to $116.6 million in Q4 2025, and its servicing volume declined to $486.2 billion for 13.2 million borrowers as of December 31, 2025.
The company sold its solar construction business in November 2025 after it reported a loss of $27.3 million ($20.7 million after tax) in Q4 2025 due to low margins and adverse market conditions.
Nelnet repurchased 126,680 Class A common shares for $16.1 million during the fourth quarter of 2025.

2 days ago

Edge Focus Reports Strong 2025 Revenue Growth and Profitability

NNI

Revenue Acceleration/Inflection

New Projects/Investments

Earnings

Edge Focus tripled its revenue in 2025, achieving 200% growth, and became profitable.
In 2025, the company facilitated over $2 billion in loan issuance and evaluated tens of billions in loan application volume through its proprietary technology.
Edge Focus expanded its partnership with Nelnet to include strategies for acquiring consumer loan portfolios and facilitating loan issuance.
The company also secured a new financing agreement with a major lender to utilize its credit decisioning engine, Origin.

Feb 19, 2026, 2:48 PM

Nelnet Reports Strong Q3 2025 Results

NNI

Earnings

M&A

Share Buyback

Nelnet reported GAAP net income of $106.7 million, or $2.94 per share, for the third quarter of 2025, a significant increase from $2.4 million, or $0.07 per share, for the same period in 2024.
The strong Q3 2025 operating results were positively impacted by $32.9 million in non-recurring revenue from a government servicing contract, a $30.2 million gain from a venture capital investment, and a $28.9 million negative provision for loan losses.
Revenue for the Loan Servicing and Systems segment increased to $151.1 million in Q3 2025, up from $108.2 million in Q3 2024, partly due to the non-recurring government contract revenue and increased private education loan servicing volume.
On October 23, 2025, Nelnet announced an agreement to acquire Finastra’s Canadian student loan servicing business for approximately $93 million in cash, with the transaction expected to close in the first quarter of 2026.
During the first nine months of 2025, the company repurchased 439,895 Class A common shares for $53.1 million, including 217,850 shares for $27.3 million during the third quarter.

Nov 6, 2025, 9:21 PM

Nelnet Reports Third Quarter 2025 Results

NNI

Earnings

M&A

Share Buyback

Nelnet reported GAAP net income of $106.7 million, or $2.94 per share, for the third quarter of 2025, a significant increase from $2.4 million, or $0.07 per share, for the same period in 2024. Net income, excluding derivative market value adjustments, was $107.3 million, or $2.95 per share, for Q3 2025.
The strong Q3 2025 operating results included $32.9 million in non-recurring revenue from a government servicing contract, a $30.2 million gain from a venture capital investment, and a $28.9 million negative provision related to the reversal of allowance for loan losses on a portfolio of loans sold.
The company entered into an agreement to acquire Finastra's Canadian student loan servicing business for approximately $93 million in cash, with the transaction expected to close in the first quarter of 2026.
During the third quarter of 2025, Nelnet repurchased 217,850 Class A common shares for $27.3 million and declared a fourth-quarter cash dividend of $0.33 per share.