What is Nelnet's gross loans?

Nelnet (NNI) reported gross loans of $10.01B in Q1 2026.

How has Nelnet's gross loans changed year-over-year?

Nelnet's gross loans decreased by 4.0% year-over-year, from $10.42B to $10.01B.

What is the long-term trend for Nelnet's gross loans?

Over 5 years (2020 to 2025), Nelnet's gross loans has grown at a -13.1% compound annual growth rate (CAGR), from $20.19B to $10.01B.

What does gross loans mean?

Total loans outstanding before deducting the allowance for credit losses — the gross lending portfolio across all categories.

Nelnet (NNI) Gross loans — Quarterly & Annual

Screener

Gross loans at other companies

SLMSLM

$19.89B-5.7%

NavientNAVI

$43.59B-6.4%

Enova InternationalENVA

$6.17B+29.3%

Federal Agricultural MortgageAGM

$14.86B+27.7%

SoFi Technologies, Inc.SOFI

$1.38B+6.5%

Great Southern BancorpGSBC

$4.31B-5.0%

Segments

By segment

See full

Asset Generation and Management$7B-11.4%

Other financials

Income statement

See full

Net income$71.1M-13.8%

EPS (diluted)$1.97-12.8%

Balance sheet

See full

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

See full

Operating cash flow$73.1M-19.8%

CapEx$11.6M+242%

Free cash flow$61.6M-29.9%

Valuation

See full

Market cap$4.85B+5.9%

Enterprise value$12.31B+0.4%

P/E11.6×-2.3×

Returns & leverage

See full

Return on equity11.7%+5.9pp

Debt / equity2.1×-0.5×

Where this comes from

Reported directly by Nelnet in its filing.

Tagged under the XBRL concept us-gaap:NotesReceivableNet.

The source filing: Nelnet’s 10-Q, filed May 7, 2026.

Filed: May 7, 2026, 4:23 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001258602-26-000033

Line item	As of / March 31, 2026	As of / December 31, 2025
Assets:
Loans and accrued interest receivable (net of allowance for loan losses of $155,191 and $132,078, respectively)	$10,009,471	10,006,695
Cash and cash equivalents:
Cash and cash equivalents - not held at a related party	118,660	128,142
Cash and cash equivalents - held at a related party	121,347	167,841
Total cash and cash equivalents	240,007	295,983
Investments and notes receivable:
Investments at fair value	1,523,237	1,414,636

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's gross loans?: Nelnet (NNI) reported gross loans of $10.01B in Q1 2026.
How has Nelnet's gross loans changed year-over-year?: Nelnet's gross loans decreased by 4.0% year-over-year, from $10.42B to $10.01B.
What is the long-term trend for Nelnet's gross loans?: Over 5 years (2020 to 2025), Nelnet's gross loans has grown at a -13.1% compound annual growth rate (CAGR), from $20.19B to $10.01B.
What does gross loans mean?: Total loans outstanding before deducting the allowance for credit losses — the gross lending portfolio across all categories.