secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001258602-25-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860225000013/0001258602-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860225000013/nni-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001258602-25-000013

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