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Nelnet NNI Retained Earnings

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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:RetainedEarningsAccumulatedDeficit.

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 itemAs of / March 31, 2026As of / December 31, 2025
Class A, $0.01 par value. Authorized 600,000,000 shares; issued and outstanding 25,334,870 shares and 25,259,718 shares, respectively253253
Class B, convertible, $0.01 par value. Authorized 60,000,000 shares; issued and outstanding 10,616,675 shares106106
Additional paid-in capital1,5351,481
Retained earnings3,732,9313,681,333
Accumulated other comprehensive (loss) earnings, net(3,534)2,619
Total Nelnet, Inc. shareholders' equity3,731,2913,685,792
Noncontrolling interests(125,279)(108,563)
Total equity3,606,0123,577,229

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's retained earnings?
Nelnet (NNI) reported retained earnings of $3.73B in Q1 2026.
How has Nelnet's retained earnings changed year-over-year?
Nelnet's retained earnings increased by 9.4% year-over-year, from $3.41B to $3.73B.
What is the long-term trend for Nelnet's retained earnings?
Over 5 years (2020 to 2025), Nelnet's retained earnings has grown at a 7.0% compound annual growth rate (CAGR), from $2.62B to $3.68B.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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