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Nelnet NNI Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$392.0MBeat by $9.7M
EPS$1.56Miss by $0.07
Revenue estimate$382.3M
EPS estimate$1.63

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$426.7M
EPS estimate$1.85

Financials

Q4 2025

Income statement

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Net income$57.8M-8.5%
EPS (diluted)$1.61-6.9%

Balance sheet

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Cash & equivalents$296.0M+52.2%
Total debt$7.8B-6.3%
Total equity$3.7B+10.0%
Total assets$14.1B+2.1%

Cash flow

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Operating cash flow$137.6M-23.8%
CapEx$7.5M—
Free cash flow$130.1M-34.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.78B+23.3%
Enterprise value$12.28B+2.3%
P/E11.2×-9.9×

Returns & leverage

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Return on equity12.2%+6.6pp
Debt / equity2.1×-0.4×

Segments

By product

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Payment processing$44.8M+8.9%
Tuition payment plan services$32.2M+3.3%
Private education and consumer loan servicing$24.8M-0.3%
Software services$11.4M+77.5%
Outsourced services$389.0K—

FAQ

When did Nelnet report Q4 2025 earnings?
Nelnet (NNI) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Nelnet's Q4 2025 revenue and EPS?
Nelnet reported revenue of $392.0M and eps of $1.56 for Q4 2025.
Did Nelnet beat estimates in Q4 2025?
Revenue beat the consensus estimate of $382.3M by $9.7M. EPS missed the consensus estimate of $1.63 by $0.07.
How did Nelnet's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.7% from $434.2M a year earlier and eps grew 8.3% from $1.44.
Where can I find Nelnet's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001258602-26-000013) and the 10-K periodic report (0001258602-26-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.