What is Nelnet's D&A?

Nelnet (NNI) reported D&A of $9.17M in Q1 2026.

How has Nelnet's D&A changed year-over-year?

Nelnet's D&A decreased by 0.9% year-over-year, from $9.26M to $9.17M.

What is the long-term trend for Nelnet's D&A?

Over 4 years (2021 to 2025), Nelnet's D&A has grown at a -17.9% compound annual growth rate (CAGR), from $73.74M to $33.57M.

Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

Nelnet (NNI) D&A — Quarterly & Annual

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Segments

By segment

See full

Loan Servicing and Systems (LSS)$4M+50.8%

Education Technology Services and Payments (ETSP)$2.37M-2.5%

Nelnet Bank$352K+3.8%

Asset Generation and Management$0—

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:DepreciationAndAmortization.

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	Three months ended / March 31, 2026	Three months ended / March 31, 2025
Cost to provide solar construction services	—	7,828
Total cost of services	52,040	57,508
Salaries and benefits	139,371	138,223
Depreciation and amortization	9,170	9,255
Reinsurance losses and underwriting expenses	23,605	22,212
Other expenses	61,840	48,307
Total operating expenses	233,986	217,997
Income before income taxes	75,661	106,140

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's D&A?: Nelnet (NNI) reported D&A of $9.17M in Q1 2026.
How has Nelnet's D&A changed year-over-year?: Nelnet's D&A decreased by 0.9% year-over-year, from $9.26M to $9.17M.
What is the long-term trend for Nelnet's D&A?: Over 4 years (2021 to 2025), Nelnet's D&A has grown at a -17.9% compound annual growth rate (CAGR), from $73.74M to $33.57M.
What does D&A mean?: Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.