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Nelnet NNI Asset Generation and Management — Operating Expenses

Other segment segments

Loan Servicing and Systems (LSS)
$111.34M+3.9%
Education Technology Services and Payments (ETSP)
$62.86M+6.9%
Nelnet Bank
$6.43M+9.2%

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PFGSegment Principal Asset Management — Operating Expenses Including Deferred Acquisition Costs Capitalization And Amortization
$417.9M+3.6%

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$4.68B+14.9%

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:OperatingExpenses.

The official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nelnet's asset generation and management — operating expenses?
Nelnet (NNI) reported asset generation and management — operating expenses of $12.18M in Q1 2026.
How has Nelnet's asset generation and management — operating expenses changed year-over-year?
Nelnet's asset generation and management — operating expenses increased by 18.6% year-over-year, from $10.27M to $12.18M.
What is the long-term trend for Nelnet's asset generation and management — operating expenses?
Over 4 years (2021 to 2025), Nelnet's asset generation and management — operating expenses has grown at a -1.7% compound annual growth rate (CAGR), from $50.49M to $47.07M.
What does asset generation and management — operating expenses mean?
The total costs incurred by the Asset Generation and Management segment to conduct its primary business activities, excluding interest and tax expenses. This includes salaries, servicing fees, and other administrative overheads required to manage the loan portfolio and related assets.