NNI— NELNET INC

FinancialsFinancial Services$3.3B mkt cap

Metric	FY2025	FY2025	FY2024	FY2023
Loan interest	$787.5M+14.8%	$686.1M-26.4%	$931.9M	—
Investment interest	$185.9M+12.4%	$165.4M-7.0%	$177.9M	—
Total interest income	$973.4M+14.3%	$851.5M-23.3%	$1.11B	—
Interest expense on bonds and notes payable and bank deposits	$680.5M+36.9%	$496.9M-41.2%	$845.1M	—
Net interest income	$292.9M-17.4%	$354.5M+33.9%	$264.7M	—
Less provision for loan losses	$54.6M-19.5%	$67.9M+736.1%	$8.1M	—
Less provision for beneficial interests	$39.5M+249.1%	$11.3M	$0	—
Net interest income after provision	$198.8M-27.8%	$275.3M+7.3%	$256.6M	—
Other, net	$60.0M-38.6%	$97.6M+206.1%	-$92.0M	—
Gain on partial redemption of ALLO investment	$175.0M+0.0%	$175.0M	$0	$0
Derivative market value adjustments and derivative settlements, net	$16.3M+354.1%	-$6.4M+61.7%	-$16.7M	—
Total other income (expense), net	$1.17B-17.0%	$1.40B+51.9%	$924.3M	—
Cost of services	$252.3M+11.5%	$226.3M+3.0%	$219.8M	—
Salaries and benefits	$576.9M+3.2%	$558.8M-5.5%	$591.5M	—
Depreciation and amortization	$58.1M+73.1%	$33.6M-57.6%	$79.1M	—
Reinsurance losses and underwriting expenses	$55.2M-40.9%	$93.6M+457.5%	$16.8M	—
Impairment expense	$3.1M-89.4%	$29.6M-7.2%	$31.9M	—
Other expenses	$189.5M-10.4%	$211.6M+22.2%	$173.1M	—
Total operating expenses	$882.9M-4.8%	$927.1M+3.9%	$892.4M	—
Income (loss) before income taxes	$228.6M-56.6%	$526.3M+666.0%	$68.7M	—
Income tax expense	-$52.7M+58.8%	-$128.0M-560.2%	-$19.4M	—
Net income	$175.9M-55.8%	$398.3M+707.5%	$49.3M	—
Net loss attributable to noncontrolling interests	$8.1M-73.0%	$30.1M-25.6%	$40.5M	—
Net income (loss) attributable to Nelnet, Inc.	$184.0M-57.0%	$428.5M+377.0%	$89.8M	—
Net income attributable to Nelnet, Inc. shareholders - basic (in dollars per share)	$5.02-57.4%	$11.79+391.2%	$2.40	—
Net income attributable to Nelnet, Inc. shareholders - diluted (in dollars per share)	$5.02-57.4%	$11.79+391.2%	$2.40	—
Weighted-average common shares outstanding - basic (in shares)	36.64B+0.8%	36.34B-2.9%	37.42B	—
Weighted-average common shares outstanding - diluted (in shares)	36.64B+0.8%	36.34B-2.9%	37.42B	—
Loan servicing and systems revenue
Revenue	$487.0M-4.3%	$509.1M-1.7%	$518.0M	—
Education technology services and payments revenue
Reinsurance premiums earned
Solar construction revenue

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.