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Nelnet

NNI

Nelnet is an operating holding company that provides a diverse range of financial services, loan servicing, and educational technology solutions.

Market cap
$4.81B+6.1%
Net income$417.0M+116%
Free cash flow$370.5M-31.6%
EPS (diluted)$11.49+117%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$419.9M
EPS estimate$2.13

Financials

Q1 2026

Income statement

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Net income$71.1M-13.8%
EPS (diluted)$1.97-12.8%

Balance sheet

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Cash & equivalents$240.0M+8.8%
Total debt$7.7B-11.1%
Total equity$3.7B+9.1%
Total assets$14.2B-0.1%

Cash flow

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Operating cash flow$73.1M-19.8%
CapEx$11.6M+242%
Free cash flow$61.6M-29.9%

Valuation & ratios

Valuation

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Market cap$4.81B+6.1%
Enterprise value$12.27B+0.4%
P/E11.5×-2.3×

Returns & leverage

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Return on equity11.7%+5.9pp
Debt / equity2.1×-0.5×

Segments

By product

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Department of Education loan servicing$76.1M
Education technology services$56.1M+0.8%
Payment processing$55.9M+8.4%
Tuition payment plan services$41.9M+4.4%
Private education and consumer loan servicing$25.7M+13.1%

Competitors

Profile

Nelnet is an operating holding company that provides a diverse range of financial services, loan servicing, and educational technology solutions. The company is a leading servicer and holder of federal student loans while also operating a digital bank and providing payment processing and administrative software for K-12 and higher education institutions. Its value proposition centers on leveraging scalable technology platforms to manage complex regulatory environments and high-volume financial transactions.

Competitive position

Nelnet is a dominant player in the student loan servicing market and the largest provider of tuition management services to the U.S. private K-12 market.

GeographiesUnited States, Canada, Australia, New Zealand, Southeast Asia
Customer segmentsGovernment agencies, Educational institutions, Retail consumers, Financial institutions
Business modelNet interest margin, Subscription SaaS, Transaction-based fees, Business process outsourcing
SuppliersCapital markets for debt financing, U.S. Department of Education for loan guarantees, Card networks and ACH systems, Solar project developers
CustomersStudent loan borrowers, K-12 school administrators, University business offices, Federal and state governments
Listed2003
Employees7.6K
CEOJeffrey R. Noordhoek
Websitenelnet.com
FilingsSEC EDGAR

Questions, answered.

What is Nelnet's market cap?
Nelnet (NNI) has a market capitalization of $4.8B and trades on NYSE.
Who are Nelnet's competitors?
Nelnet's key competitors include Navient, Sallie Mae, Blackbaud, and others. These companies compete in similar markets and product categories.
Who does Nelnet partner with?
Nelnet's notable partners include U.S. Department of Education, ALLO Communications.
What subsidiaries does Nelnet have?
Nelnet's subsidiaries include Nelnet Bank, Whitetail Rock Capital Management, Hudl, and others.
Where is Nelnet headquartered?
Nelnet is headquartered in United States of America and employs approximately 7,550 people. It has been publicly traded since 2003.