secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001258602-26-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860226000013/0001258602-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860226000013/nni-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001258602-26-000013

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