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Nelnet NNI Total Cost of Revenue

Total Cost of Revenue at other companies

Blackbaud logo
BlackbaudBLKB
$112.43M-1.1%
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
$171.12M+26.3%

Segments

By segment

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Education Technology Services and Payments (ETSP)$49.95M+4.0%
Loan Servicing and Systems (LSS)$2.09M+27.8%
Asset Generation and Management$0
Nelnet Bank$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: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
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
Depreciation and amortization9,1709,255
Reinsurance losses and underwriting expenses23,60522,212
Other expenses61,84048,307

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's total cost of revenue?
Nelnet (NNI) reported total cost of revenue of $52.04M in Q1 2026.
How has Nelnet's total cost of revenue changed year-over-year?
Nelnet's total cost of revenue decreased by 9.5% year-over-year, from $57.51M to $52.04M.
What is the long-term trend for Nelnet's total cost of revenue?
Over 4 years (2021 to 2025), Nelnet's total cost of revenue has grown at a 20.1% compound annual growth rate (CAGR), from $108.66M to $226.27M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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