Earnings summaries and quarterly performance for NELNET.
Executive leadership at NELNET.
Jeff Noordhoek
Detailed
Chief Executive Officer
CEO
DeeAnn Wenger
Detailed
President, Nelnet Business Services
Emily Olinger
Detailed
Chief People Services Officer
James Kruger
Detailed
Chief Financial Officer
Matthew Dunlap
Detailed
Chief Business Development Officer and President, Nelnet Financial Services
Michael Dunlap
Detailed
Executive Chairman
Terry Heimes
Detailed
Chief Operating Officer
Tim Tewes
Detailed
President
William Munn
Detailed
Corporate Secretary, Chief Governance Officer, and General Counsel
Board of directors at NELNET.
Research analysts covering NELNET.
Recent press releases and 8-K filings for NNI.
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.
Nov 6, 2025, 9:15 PM
Quarterly earnings call transcripts for NELNET.
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