---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-019637"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T13:31:35.578112+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Navient reports Q4 GAAP net loss of $28M; core EPS $0.21; initiates restructuring and strategic review

## Summary
- Q4 GAAP net loss of $28M ($0.25 diluted EPS); Core Earnings of $24M ($0.21 diluted EPS).
- Full-year 2023 GAAP net income $228M ($1.85 EPS); Core Earnings $303M ($2.45 EPS).
- Significant items: $35M provision for loan losses, $32M regulatory/restructuring ($28M CFPB accrual), $8M debt repurchase losses.
- CEO announces outsourcing student loan servicing, exploring divestiture of business processing division, and streamlining corporate footprint.
- Repurchased $70M common shares; $290M remaining authority. Retired $850M unsecured debt; issued $500M unsecured and $516M ABS.

## SEC filing metadata
- accession: 0001193125-24-019637
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/0001193125-24-019637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/d40274d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-019637
- JSON: https://secwatch.observer/filing/0001193125-24-019637.json
- Plain text: https://secwatch.observer/filing/0001193125-24-019637.txt

## Key facts
- Earnings Releases
  NAVIENT CORP reported the quarter ended December 31, 2023 results: net income $28 million ($0.25 diluted loss per share), EPS ($0.25) per share.
  - Period: the quarter ended December 31, 2023
  - Net income: $28 million ($0.25 diluted loss per share)
  - EPS: ($0.25) per share
  - Result: reported results
  source text: GAAP net loss of $28 million ($0.25 diluted loss per share).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/0001193125-24-019637-index.htm
- Earnings Releases
  NAVIENT CORP reported 2023 full year results: net income $228 million ($1.85 diluted earnings per share), EPS $1.85 per share.
  - Period: 2023 full year
  - Net income: $228 million ($1.85 diluted earnings per share)
  - EPS: $1.85 per share
  - Result: reported results
  source text: GAAP net income of $228 million ($1.85 diluted earnings per share).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/0001193125-24-019637-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.