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Nelnet NNI Nelnet Bank — Goodwill acquired during the period

Other segment segments

Loan Servicing and Systems (LSS)
$46.97M
Asset Generation and Management
$0
Education Technology Services and Payments (ETSP)
$0

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Other financials

Income statement

See full
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

See full
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

See full
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:GoodwillAcquiredDuringPeriod.

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 nelnet bank — goodwill acquired during the period?
Nelnet (NNI) reported nelnet bank — goodwill acquired during the period of $0 in Q1 2026.
What does nelnet bank — goodwill acquired during the period mean?
Measures the value of goodwill recognized specifically from new acquisitions completed within the banking segment during the reporting period. This metric highlights the bank's inorganic growth strategy and the premium paid to expand its market footprint. It serves as a key indicator of recent capital deployment toward business expansion.

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