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Nelnet NNI Loan servicing and systems revenue — Cost of Services

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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:CostOfGoodsAndServicesSold.

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
Derivative market value adjustments and derivative settlements, net2,167(5,578)
Total other income (expense), net317,418315,778
Cost of services and expenses:
Loan servicing contract fulfillment and acquisition costs2,0871,633
Cost to provide education technology services and payments49,95348,047
Cost to provide solar construction services7,828
Total cost of services52,04057,508
Salaries and benefits139,371138,223

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's loan servicing and systems revenue — cost of services?
Nelnet (NNI) reported loan servicing and systems revenue — cost of services of $2.09M in Q1 2026.
How has Nelnet's loan servicing and systems revenue — cost of services changed year-over-year?
Nelnet's loan servicing and systems revenue — cost of services increased by 27.8% year-over-year, from $1.63M to $2.09M.
What does loan servicing and systems revenue — cost of services mean?
The direct expenses incurred to deliver loan servicing and technology solutions, including personnel, platform maintenance, and outsourcing costs. Monitoring this metric is essential for evaluating the gross margin and operational efficiency of the segment.

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