Highest-materiality recent filing
Nelnet Q2 GAAP net income $66.7M vs $181.5M; prior year included $175M ALLO gain
GAAP net income $66.7M ($1.85/sh) vs $181.5M ($4.97/sh) in Q2 2025; prior year included $175M gain from ALLO redemption.
Nelnet Q1 GAAP EPS $1.97 vs $2.26 YoY; revenue rises in loan servicing, education tech
GAAP net income $71.1M ($1.97/diluted share) vs $82.6M ($2.26) year ago; adjusted net income $69.9M ($1.94).
Nelnet Q4 GAAP EPS $1.60 vs $1.73 YoY; record annual net income of $428.5M
Q4 GAAP net income $57.8M ($1.60/diluted share) vs $63.2M ($1.73); adjusted EPS $1.56.
Nelnet completes CAD $130.5M acquisition of Finastra's Canadian student loan business
Total cash consideration CAD $130.5M (~USD $95M) for Finastra's Canadian student loan servicing business.
Nelnet President and NBS CEO Tim Tewes to retire effective June 30, 2026
Tim Tewes notified retirement on January 15, 2026; effective June 30, 2026, ending over 25 years of service.
Nelnet Q3 GAAP EPS $2.94 vs $0.07 YoY; adjusted $2.95; one-time items boost
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).
Nelnet Canada to acquire Finastra's Canadian student loan servicing business for CAD $130M cash
Purchase price of CAD $130 million (approximately USD $93 million) in cash.
Nelnet expects ~$30M total pre-tax gains from tech investee equity raise
Received $10M cash from partial redemption of investment; expects ~$8M pre-tax gain.
Nelnet Q2 GAAP EPS $4.97 vs $1.23; ALLO gain $3.65/sh; loan servicing profit surges
GAAP net income $181.5M ($4.97/sh) vs $45.1M ($1.23/sh) YoY; adjusted (ex-derivatives) $184.4M ($5.05/sh).
Nelnet receives $411M in ALLO unit redemption, records $175M pre-tax gain
Cash proceeds of $411M from redeeming ALLO voting and all preferred membership interests.
Nelnet Q1 GAAP net income $82.6M ($2.26/sh); announces ALLO redemption for ~$410M, new buyback
GAAP net income of $82.6M ($2.26 EPS) vs $73.4M ($1.98) YoY; adjusted net income $87.4M ($2.39 EPS).
Nelnet to receive ~$410M in ALLO redemption, pre-tax gain of ~$175M; ownership drops to 26%
Nelnet expects aggregate cash proceeds of approximately $410 million from ALLO membership unit redemption.
Nelnet reports Q4 GAAP net income $63.2M ($1.73/sh) vs loss of $7.9M; full-year doubles
GAAP net income Q4 $63.2M ($1.73/sh) vs net loss $7.9M ($0.21) YoY; adjusted net income $52.7M ($1.44).
Nelnet Q3 GAAP net income falls to $2.4M ($0.07/sh) from $44.4M; adjusted EPS $0.34 vs $1.12
Non-cash provision expense of $29.0M on loan securitizations; $5.6M debt redemption charge; $11.2M solar losses; $8.8M legacy solar project losses.
Nelnet Q2 GAAP net income $45.1M ($1.23/sh) up from $27.4M; loan servicing revenue down
GAAP net income $45.1M ($1.23/sh) vs $27.4M ($0.73/sh) YoY; adjusted $43.9M ($1.20/sh).
Nelnet Q1 GAAP EPS $1.97 vs $0.71 YoY; adj EPS $1.81; repurchases $75.3M
GAAP net income $73.2M ($1.97/share) vs $26.5M ($0.71) in Q1 2023.
Nelnet Q4 GAAP net loss $8.6M ($0.23/share) on renewable charges
GAAP net loss $8.6M vs net income $30.8M YoY; non-GAAP net loss $1.3M ($0.04/share).
Nelnet Q3 GAAP EPS $1.21 vs $2.80 YoY; loan portfolio runoff continues
GAAP net income $45.3M ($1.21/sh) vs $104.8M ($2.80/sh) in Q3 2022; adjusted EPS $1.15 vs $1.73.
Nelnet Q2 GAAP EPS $0.75 vs $2.26 YoY; debt redemption charge $0.53/share
GAAP net income $28.3M ($0.75/share) vs $85.1M ($2.26); adjusted EPS $0.71 vs $1.44.
Nelnet Q1 GAAP EPS $0.71 vs $4.91 YoY; adjusted EPS $1.47; new DoEd servicing contract
GAAP net income $26.5M ($0.71/sh) down from $186.6M ($4.91/sh) YoY; adjusted net income $54.9M ($1.47/sh) down from $75.9M ($1.99/sh).
Nelnet subsidiary awarded USDS student loan servicing contract by Dept of Education
NDS awarded USDS contract effective April 24, 2023; five-year base with up to 5 years of extensions.
Nelnet subsidiaries' student loan servicing fees cut $0.19/borrower by Dept of Education
Monthly fee reduced by $0.19 per borrower effective April 1, 2023; 15.8M borrowers serviced as of Dec 31, 2022.
Nelnet contract modification reduces monthly borrower fee by $0.19; 550 staff eliminated
Monthly fee per borrower cut by $0.19 under amended federal servicing contracts.
Nelnet Q4 2022 GAAP net income $30.8M, down 77% YoY; adjusted EPS $0.98 vs $2.50
GAAP net income Q4 2022: $30.8M ($0.83 per share) vs $132.7M ($3.46) YoY.
Nelnet Q3 GAAP EPS $2.80 up 103% YoY; adjusted EPS $1.73 up 41%
GAAP net income $104.8M ($2.80/share) vs $53.1M ($1.38) a year ago.
Matthew Dunlap tendered his resignation from service as a Class III director, whereupon the Board, upon the recommendation of the Nominating and Corporate Governance Committee, immediately appointed Mr. Dunlap as a Class II director
appointed Adam K. Peterson as a Class II member of the Board
Jona M. Van Deun, as a Class I member of the Board
James P. Abel notified the Company of his retirement from the Board effective March 17, 2022
Matthew W. Dunlap (“Matthew Dunlap”) as a Class III member of the Board
On February 25, 2022, James P. Abel notified the Company of his retirement from the Company's Board of Directors (the "Board") effective as of March 17, 2022, after more than 18 years of service.
On September 10, 2021, JoAnn M. Martin notified Nelnet, Inc. (the “Company”) of her resignation from the Company's Board of Directors (the “Board”) effective as of September 10, 2021.
Max materiality 0.85 · Median 0.50 · Most common event earnings