---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-23-000061"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T03:48:10.388300+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q2 GAAP EPS $0.75 vs $2.26 YoY; debt redemption charge $0.53/share

## Summary
- GAAP net income $28.3M ($0.75/share) vs $85.1M ($2.26); adjusted EPS $0.71 vs $1.44.
- Early debt redemption caused $25.9M non-cash expense ($0.53/share after tax).
- AGM core loan spread fell to 1.06% from 1.61%; floor income dropped to $0.5M from $22M.
- Education Technology revenue $109.9M (+21% YoY); Loan Servicing revenue $122M (flat).
- Won USDS contract from Dept of Education; quarterly dividend maintained at $0.26/share.

## SEC filing metadata
- accession: 0001258602-23-000061
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2023-08-07T23:59:59+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/1258602/000125860223000061/0001258602-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000061/nni-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-23-000061
- JSON: https://secwatch.observer/filing/0001258602-23-000061.json
- Plain text: https://secwatch.observer/filing/0001258602-23-000061.txt

## Key facts
- Earnings Releases
  NELNET INC reported the quarter ended June 30, 2023 results: net income $28.3 million, or $0.75 per share.
  - Period: the quarter ended June 30, 2023
  - Net income: $28.3 million, or $0.75 per share
  - Result: reported results
  source text: Nelnet Reports Second Quarter 2023 Results LINCOLN, Neb., August 7, 2023 - Nelnet (NYSE: NNI) today reported GAAP net income of $28.3 million, or $0.75 per share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000061/0001258602-23-000061-index.htm

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