---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-26-000013"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:25:42.969551+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q4 GAAP EPS $1.60 vs $1.73 YoY; record annual net income of $428.5M

## Summary
- Q4 GAAP net income $57.8M ($1.60/diluted share) vs $63.2M ($1.73); adjusted EPS $1.56.
- Full-year 2025 GAAP net income $428.5M ($11.79/share), up from $184.0M ($5.02) in 2024.
- AGM net interest income rose to $63.5M, aided by $744.2M in Klarna Pay Later receivables.
- Loan Servicing and Systems revenue fell to $116.6M; segment net income dropped to $8.9M.
- Solar construction business sold in Nov 2025; Q4 loss of $27.3M ($20.7M after tax).

## SEC filing metadata
- accession: 0001258602-26-000013
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2026-02-26T23:59:59+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/1258602/000125860226000013/0001258602-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860226000013/nni-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-26-000013
- JSON: https://secwatch.observer/filing/0001258602-26-000013.json
- Plain text: https://secwatch.observer/filing/0001258602-26-000013.txt

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