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Nelnet NNI Total debt

Total debt at other companies

Enova International logo
Enova InternationalENVA
$4.86B+28.4%
Main Street Capital logo
Main Street CapitalMAIN
$2.53B+12.3%
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
Rithm Capital logo
Rithm CapitalRITM
EFC
Ellington Financial Inc.EFC
MFA Financial logo
MFA FinancialMFA

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 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$4.68B+14.9%
Enterprise value$12.14B-3.0%
P/E11.2×-9.9×

Returns & leverage

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Return on equity11.7%+5.9pp
Debt / equity2.1×-0.5×

Where this comes from

Calculated from Nelnet’s reported figures.

The official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nelnet's total debt?
Nelnet (NNI) reported total debt of $7.7B in Q1 2026.
How has Nelnet's total debt changed year-over-year?
Nelnet's total debt decreased by 11.1% year-over-year, from $8.66B to $7.7B.
What is the long-term trend for Nelnet's total debt?
Over 5 years (2020 to 2025), Nelnet's total debt has grown at a -16.6% compound annual growth rate (CAGR), from $19.34B to $7.79B.
What does total debt mean?
Total debt represents the aggregate sum of all interest-bearing financial obligations, including short-term borrowings, the current portion of long-term debt, and long-term debt instruments. It also encompasses capitalized lease liabilities and other debt-like financing arrangements that require fixed repayment schedules. This metric serves as a comprehensive indicator of a company's total financial leverage and its reliance on external capital providers.