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Nelnet NNI Loan Servicing and Systems (LSS) — Goodwill

Other segment segments

Education Technology Services and Payments
$92.51M0.0%
Education Technology Services and Payments (ETSP)
$92.51M0.0%
Asset Generation and Management
$41.88M0.0%
Nelnet Bank
$0

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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:Goodwill.

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 itemLoan Servicing and SystemsEducation Technology Services and PaymentsNelnet Financial Services / Asset Generation and ManagementNelnet Financial Services / Nelnet BankNelnet Financial Services / NFS Other Operating SegmentsCorporate and Other ActivitiesTotal
Goodwill as of December 31, 2025$23,63992,50741,883158,029
Goodwill acquired during the period46,96946,969
Effect of foreign currency fluctuations(1,068)(1,068)
Goodwill as of March 31, 2026$69,54092,50741,883203,930

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's loan servicing and systems (LSS) — goodwill?
Nelnet (NNI) reported loan servicing and systems (LSS) — goodwill of $69.54M in Q1 2026.
How has Nelnet's loan servicing and systems (LSS) — goodwill changed year-over-year?
Nelnet's loan servicing and systems (LSS) — goodwill increased by 194.2% year-over-year, from $23.64M to $69.54M.
What is the long-term trend for Nelnet's loan servicing and systems (LSS) — goodwill?
Over 4 years (2021 to 2025), Nelnet's loan servicing and systems (LSS) — goodwill has grown at a 0.0% compound annual growth rate (CAGR), from $94.56M to $94.56M.
What does loan servicing and systems (LSS) — goodwill mean?
This represents the total carrying value of goodwill attributed to the Loan Servicing and Systems business segment. It reflects the premium paid over the fair value of net identifiable assets during acquisitions within this specific division. Tracking this balance is essential for assessing potential impairment risks related to the segment's long-term growth prospects.

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