---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-25-000013"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:06:55.222774+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nelnet reports Q4 GAAP net income $63.2M ($1.73/sh) vs loss of $7.9M; full-year doubles

## Summary
- GAAP net income Q4 $63.2M ($1.73/sh) vs net loss $7.9M ($0.21) YoY; adjusted net income $52.7M ($1.44).
- Full-year 2024 GAAP net income $184.0M ($5.02) vs $89.8M ($2.40); adjusted $176.4M ($4.81).
- AGM loan portfolio averaged $9.4B (down from $12.5B) but net interest income rose to $48.3M from $35.6M; provision $13.5M on consumer loans.
- Loan Servicing revenue $138.0M (+7%) with $10.9M non-recurring USDS revenue and $4.0M conversion from Discover portfolio; 15.8M borrowers.
- Solar construction loss $17.0M ($13.0M after-tax) as legacy projects wind down; operating cash flow $663M in 2024.

## SEC filing metadata
- accession: 0001258602-25-000013
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860225000013/0001258602-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860225000013/nni-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-25-000013
- JSON: https://secwatch.observer/filing/0001258602-25-000013.json
- Plain text: https://secwatch.observer/filing/0001258602-25-000013.txt

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