---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-25-000034"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:20:08.654268+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q1 GAAP net income $82.6M ($2.26/sh); announces ALLO redemption for ~$410M, new buyback

## Summary
- GAAP net income of $82.6M ($2.26 EPS) vs $73.4M ($1.98) YoY; adjusted net income $87.4M ($2.39 EPS).
- AGM net interest income $52.9M (up from $40.6M); acquired $832.6M loans incl. $702.8M FFELP.
- Loan Servicing revenue $120.7M; private servicing up to $22.7M from $12.6M on Discover/SoFi conversions.
- ALLO to redeem interests for ~$410M cash; Nelnet expects $175M pre-tax gain, ownership decreases to ~26%.
- Board authorized new 3-yr buyback up to 5M shares; Q2 dividend $0.28/sh payable June 16, 2025.

## SEC filing metadata
- accession: 0001258602-25-000034
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1258602/000125860225000034/0001258602-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860225000034/nni-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-25-000034
- JSON: https://secwatch.observer/filing/0001258602-25-000034.json
- Plain text: https://secwatch.observer/filing/0001258602-25-000034.txt

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