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Nelnet NNI Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
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ZscalerZS
19.2×+12.3×
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CitigroupC
0.1×-0.3×
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Morgan StanleyMS
3×-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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

Calculated from Nelnet’s reported figures.

$7.7Btotal debt−$240.0Mcash and equivalents=$7.46B

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 net debt?
Nelnet (NNI) reported net debt of $7.46B in Q1 2026.
How has Nelnet's net debt changed year-over-year?
Nelnet's net debt decreased by 11.6% year-over-year, from $8.44B to $7.46B.
What is the long-term trend for Nelnet's net debt?
Over 5 years (2020 to 2025), Nelnet's net debt has grown at a -17.2% compound annual growth rate (CAGR), from $19.22B to $7.5B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.