---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-24-000023"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:48:00.453612+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q4 GAAP net loss $8.6M ($0.23/share) on renewable charges

## Summary
- GAAP net loss $8.6M vs net income $30.8M YoY; non-GAAP net loss $1.3M ($0.04/share).
- Nelnet Renewable Energy division incurred $40.3M after-tax losses including $20.6M impairment.
- Education Technology Services revenue $106.1M (+8% YoY) and net income $10.1M (+74%).
- AGM net interest income fell to $35.6M from $58.5M; loan portfolio averaged $12.5B.
- Operating cash flow $433M in 2023; fee-based businesses now majority of net income.

## SEC filing metadata
- accession: 0001258602-24-000023
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2024-02-27T23:59:59+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/1258602/000125860224000023/0001258602-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000023/nni-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-24-000023
- JSON: https://secwatch.observer/filing/0001258602-24-000023.json
- Plain text: https://secwatch.observer/filing/0001258602-24-000023.txt

## Key facts
- Earnings Releases
  NELNET INC reported the year ended December 31, 2023 results: net income GAAP net income of $91.5 million, EPS $2.45 per share.
  - Period: the year ended December 31, 2023
  - Net income: GAAP net income of $91.5 million
  - EPS: $2.45 per share
  - Result: reported results
  source text: GAAP net income for the year ended December 31, 2023 was $91.5 million, or $2.45 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000023/0001258602-24-000023-index.htm
- Earnings Releases
  NELNET INC reported the fourth quarter of 2023 results: net income GAAP net loss of $8.6 million, EPS $0.23 per share.
  - Period: the fourth quarter of 2023
  - Net income: GAAP net loss of $8.6 million
  - EPS: $0.23 per share
  - Result: reported results
  source text: Nelnet (NYSE: NNI) today reported a GAAP net loss of $8.6 million, or $0.23 per share, for the fourth quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000023/0001258602-24-000023-index.htm

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