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Nelnet NNI Debt-to-equity

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3.4×+0.1×
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0.0×

Other financials

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

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Market cap$4.85B+5.9%
Enterprise value$12.31B+0.4%
P/E11.6×-2.3×

Returns & leverage

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Return on equity11.7%+5.9pp

Where this comes from

Calculated from Nelnet’s reported figures.

Based on the most recent quarter.

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

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

FAQ

What is Nelnet's debt-to-equity?
Nelnet (NNI) reported debt-to-equity of 2.1× in Q1 2026.
How has Nelnet's debt-to-equity changed year-over-year?
Nelnet's debt-to-equity decreased by 18.5% year-over-year, from 2.5× to 2.1×.
What is the long-term trend for Nelnet's debt-to-equity?
Over 5 years (2020 to 2025), Nelnet's debt-to-equity has grown at a -22.1% compound annual growth rate (CAGR), from 7.3× to 2.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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