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Nelnet NNI Education Technology Services and Payments — Goodwill

Other segment segments

Education Technology Services and Payments (ETSP)
$92.51M0.0%
Loan Servicing and Systems (LSS)
$69.54M+194%
Asset Generation and Management
$41.88M0.0%
Nelnet Bank
$0

Similar metrics at other companies

Strategic Education, Inc. logo
STRAEducation Technology Services — Goodwill
$100M0.0%
Kaltura, Inc. logo
KLTREnterprise, Education and Technology — Goodwill
$38.28M
Bright Horizons Family Solutions logo
BFAMEducational advisory services — Goodwill
$37.68M0.0%
ABM Industries logo
ABMEducation — Goodwill
$459.3M0.0%
U.S. Bancorp logo
USBPayment Services — Goodwill
$3.48B+2.8%
LyondellBasell Industries N.V. logo
LYBTechnology — Goodwill
$8M0.0%

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
Debt / equity2.1×-0.5×

Where this comes from

Reported directly by Nelnet in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Nelnet’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:33 PM EST
Fiscal year
FY2025
Accession
0001258602-26-000014
Line itemLoan Servicing and SystemsEducation Technology Services and PaymentsNelnet Financial Services / Asset Generation and Management (a)Nelnet Financial Services / Nelnet BankNelnet Financial Services / NFS Other Operating SegmentsCorporate and Other ActivitiesTotal
Goodwill as of December 31, 2023, 2024, and 2025$23,63992,50741,883158,029

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Nelnet's education technology services and payments — goodwill?
Nelnet (NNI) reported education technology services and payments — goodwill of $92.51M in Q4 2025.
How has Nelnet's education technology services and payments — goodwill changed year-over-year?
Nelnet's education technology services and payments — goodwill decreased by 0.0% year-over-year, from $92.51M to $92.51M.
What does education technology services and payments — goodwill mean?
Represents the premium paid over the fair value of net identifiable assets during business acquisitions within the education technology and payment services segment. It reflects the intangible value of brand reputation, customer relationships, and market synergy. Monitoring this balance helps investors assess the long-term value of past strategic acquisitions.

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