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Nelnet NNI Pre-Tax Income

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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
Debt / equity2.1×-0.5×

Where this comes from

Reported directly by Nelnet in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Reinsurance losses and underwriting expenses23,60522,212
Other expenses61,84048,307
Total operating expenses233,986217,997
Income before income taxes75,661106,140
Income tax expense(20,061)(25,010)
Net income55,60081,130
Net loss attributable to noncontrolling interests15,5261,430
Net income attributable to Nelnet, Inc.$71,12682,560

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's pre-tax income?
Nelnet (NNI) reported pre-tax income of $75.66M in Q1 2026.
How has Nelnet's pre-tax income changed year-over-year?
Nelnet's pre-tax income decreased by 28.7% year-over-year, from $106.14M to $75.66M.
What is the long-term trend for Nelnet's pre-tax income?
Over 2 years (2021 to 2024), Nelnet's pre-tax income has grown at a -32.5% compound annual growth rate (CAGR), from $502.11M to $228.59M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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