---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-22-000023"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:27:48.856456+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q4 2021 GAAP net income $132.7M ($3.46) vs $235M YoY; director retiring

## Summary
- GAAP net income $132.7M ($3.46/sh) for Q4 2021, down from $235M ($6.10/sh) YoY.
- Net income excl. derivative adjustments $95.9M ($2.50/sh) vs $240.4M ($6.23/sh) YoY.
- Loan Servicing & Systems revenue $150.4M (+32% YoY); Education Tech $81.0M (+24% YoY).
- Director James P. Abel retiring effective March 17, 2022 after 18 years on board.
- Nelnet Bank net loss $0.1M in Q4; loan portfolio $257.9M at Dec 31, 2021.

## SEC filing metadata
- accession: 0001258602-22-000023
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860222000023/0001258602-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860222000023/nni-20220225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-22-000023
- JSON: https://secwatch.observer/filing/0001258602-22-000023.json
- Plain text: https://secwatch.observer/filing/0001258602-22-000023.txt

## Key facts
- Executive change
  James P. Abel retired as Director at NELNET INC.
  - Action: retired
  - Role: Director
  source text: On February 25, 2022, James P. Abel notified the Company of his retirement from the Company's Board of Directors (the "Board") effective as of March 17, 2022, after more than 18 years of service.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860222000023/0001258602-22-000023-index.htm

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