---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-24-000057"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:19:39.214701+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q3 GAAP net income falls to $2.4M ($0.07/sh) from $44.4M; adjusted EPS $0.34 vs $1.12

## Summary
- Non-cash provision expense of $29.0M on loan securitizations; $5.6M debt redemption charge; $11.2M solar losses; $8.8M legacy solar project losses.
- AGM loan net interest income $38.4M (down from $51.5M) on FFELP portfolio runoff; average loans $9.8B vs $13.2B.
- Loan Servicing revenue $108.2M (vs $127.9M); net loss $3.5M vs income $18.6M due to USDS contract transition.
- Education Technology revenue $118.2M (up from $113.8M); net income $20.4M vs $16.8M.
- Board declared Q4 dividend of $0.28/share, payable Dec 16 to holders of record Dec 2.

## SEC filing metadata
- accession: 0001258602-24-000057
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2024-11-07T23:59:59+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/1258602/000125860224000057/0001258602-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000057/nni-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-24-000057
- JSON: https://secwatch.observer/filing/0001258602-24-000057.json
- Plain text: https://secwatch.observer/filing/0001258602-24-000057.txt

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