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Nelnet NNI Q1 2025 earnings

Reported May 8, 2025 · After market close

Revenue$466.1MBeat by $73.1M
EPS$2.39Beat by $0.47
Revenue estimate$393.0M
EPS estimate$1.92

Next report

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

Financials

Q1 2025

Income statement

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Net income$82.6M+12.5%
EPS (diluted)$2.26+14.1%

Balance sheet

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Cash & equivalents$220.5M+22.7%
Total debt$8.7B-18.2%
Total equity$3.4B+3.4%
Total assets$14.2B-7.7%

Cash flow

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Operating cash flow$91.2M-56.9%
CapEx$3.4M-85.5%
Free cash flow$87.8M-53.4%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$4.03B+13.9%
Enterprise value$12.46B-10.6%
P/E20.8×-3.5×

Returns & leverage

See full
Return on equity5.7%+1.3pp
Debt / equity2.5×-0.7×

Segments

By product

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Education technology services$55.7M-0.6%
Payment processing$51.5M+7.8%
Tuition payment plan services$40.1M+3.1%
Private education and consumer loan servicing$22.7M+79.8%
Software services$7.0M+54.0%

Versus estimates

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Questions, answered.

When did Nelnet report Q1 2025 earnings?
Nelnet (NNI) reported Q1 2025 earnings on May 8, 2025 after market close.
What were Nelnet's Q1 2025 revenue and EPS?
Nelnet reported revenue of $466.1M and eps of $2.39 for Q1 2025.
Did Nelnet beat estimates in Q1 2025?
Revenue beat the consensus estimate of $393.0M by $73.1M. EPS beat the consensus estimate of $1.92 by $0.47.
How did Nelnet's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 18.3% from $570.5M a year earlier and eps grew 32.0% from $1.81.
Where can I find Nelnet's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001258602-25-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.