secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001258602-26-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet Q1 GAAP EPS $1.97 vs $2.26 YoY; revenue rises in loan servicing, education tech
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- GAAP net income $71.1M ($1.97/diluted share) vs $82.6M ($2.26) year ago; adjusted net income $69.9M ($1.94).
- Loan Servicing & Systems revenue $127.8M (+6% YoY) driven by Feb 2026 acquisition of NDS Canada (2.7M borrowers).
- Education Tech & Payments revenue $154.4M; net income $36.3M vs $36.1M (seasonally strong Q1).
- AGM net interest income $67.5M (up from $52.9M); provision for loan losses $48.5M primarily due to Pay Later receivables growth ($766.2M balance).
- Board declared $0.33/share dividend payable June 15, 2026, record June 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860226000032/0001258602-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860226000032/nni-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001258602-26-000032

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