secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001258602-25-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet Q3 GAAP EPS $2.94 vs $0.07 YoY; adjusted $2.95; one-time items boost
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- GAAP net income $106.7M ($2.94/sh) vs $2.4M ($0.07/share) YoY; adjusted net income $107.3M ($2.95/sh) vs $12.4M ($0.34/sh).
- Includes $32.9M non-recurring govt contract revenue, $30.2M venture capital gain, $28.9M loan-loss reversal on loan sale.
- Loan Servicing & Systems rev $151.1M (+40% YoY); net income $35.2M vs loss $3.5M; servicing $508.7B for 14.2M borrowers.
- Agreed to acquire Finastra's Canadian student loan servicing for ~$93M cash; expected close Q1 2026.
- Dividend raised to $0.33/sh (payable Dec 15, record Dec 1); repurchased 217,850 shares for $27.3M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860225000062/0001258602-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860225000062/nni-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001258602-25-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer