---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-25-000049"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T18:57:17.097961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q2 GAAP EPS $4.97 vs $1.23; ALLO gain $3.65/sh; loan servicing profit surges

## Summary
- GAAP net income $181.5M ($4.97/sh) vs $45.1M ($1.23/sh) YoY; adjusted (ex-derivatives) $184.4M ($5.05/sh).
- Recognized $175M pre-tax gain from partial ALLO redemption; ownership reduced from 45% to 27%.
- AGM net interest income $49.9M (+39% YoY); provision for loan losses $11.1M vs negative $4.2M; acquired $143M consumer loans.
- Loan Servicing revenue $120.7M (+11%); net income $15.2M vs $1.7M; servicing $516B loans for 14.5M borrowers.
- Education Technology revenue $118.2M (+1%); net income $17.9M vs $19.5M; solar EPC loss $13.4M with $12.9M contract reserves.

## SEC filing metadata
- accession: 0001258602-25-000049
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860225000049/0001258602-25-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860225000049/nni-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-25-000049
- JSON: https://secwatch.observer/filing/0001258602-25-000049.json
- Plain text: https://secwatch.observer/filing/0001258602-25-000049.txt

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