---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-23-000025"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T21:14:31.386831+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q4 2022 GAAP net income $30.8M, down 77% YoY; adjusted EPS $0.98 vs $2.50

## Summary
- GAAP net income Q4 2022: $30.8M ($0.83 per share) vs $132.7M ($3.46) YoY.
- Net income excluding derivative adjustments: $36.4M ($0.98 per share) vs $95.9M ($2.50) YoY.
- AGM net interest income net of derivative settlements $79.3M, up from $64.3M; core loan spread 1.77% vs 1.36%.
- Loan Servicing revenue $140.0M (down from $150.4M); servicing volume $587.5B (up from $529.0B).
- Education Technology revenue $98.3M (up from $81.0M); segment net income $5.8M (down from $8.0M).

## SEC filing metadata
- accession: 0001258602-23-000025
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000025/0001258602-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000025/nni-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-23-000025
- JSON: https://secwatch.observer/filing/0001258602-23-000025.json
- Plain text: https://secwatch.observer/filing/0001258602-23-000025.txt

## Key facts
- Earnings Releases
  NELNET INC reported the fourth quarter of 2022 results: net income $30.8 million, EPS $0.83 per share.
  - Period: the fourth quarter of 2022
  - Net income: $30.8 million
  - EPS: $0.83 per share
  - Result: reported results
  source text: Nelnet (NYSE: NNI) today reported GAAP net income of $30.8 million, or $0.83 per share, for the fourth quarter of 2022, compared with GAAP net income of $132.7 million, or $3.46 per share, for the same period a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000025/0001258602-23-000025-index.htm

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