NELNET INCNNIEarnings & Financial Report
Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
Revenue
$14.9M
Gross Profit
$18.1M
Operating Profit
$58.4M
Net Profit
$45.1M
Gross Margin
27.3%
Operating Margin
88.0%
Net Margin
303.6%
YoY Growth
289.2%
EPS
$1.23
NELNET INC Q2 FY2024 Financial Summary
NELNET INC reported revenue of $14.9M (up 289.2% YoY) for Q2 FY2024, with a net profit of $45.1M (up 64.4% YoY) (303.6% margin). Cost of goods sold was $-3.3M.
Key Financial Metrics
| Total Revenue | $14.9M |
|---|---|
| Net Profit | $45.1M |
| Gross Margin | 27.3% |
| Operating Margin | 88.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
NELNET INC Q2 FY2024 revenue of $14.9M breaks down across 4 segments, led by Solar Construction Revenue Commercial Customers at $8.8M (59.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Solar Construction Revenue Commercial Customers | $8.8M | 59.1% |
| FFELP Servicing | $3.2M | 21.9% |
| Investment Advice | $1.5M | 10.3% |
| Other Service Offering | $1.2M | 8.2% |
NELNET INC Annual Revenue by Year
NELNET INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $107.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $107.5M |
| 2024 | $62.9M |
| 2023 | $264.7M |
| 2022 | $312.7M |
NELNET INC Quarterly Revenue & Net Profit History
NELNET INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $33.5M | +79.6% | $57.8M | 172.3% |
| Q3 FY2025 | $23.2M | +39.4% | $106.7M | 460.5% |
| Q2 FY2025 | $26.1M | +75.8% | $181.5M | 694.9% |
| Q1 FY2025 | $24.7M | +93.2% | $82.6M | 334.4% |
| Q4 FY2024 | $18.7M | +98.0% | $63.2M | 338.2% |
| Q3 FY2024 | $16.6M | +164.3% | $2.4M | 14.4% |
| Q2 FY2024 | $14.9M | +289.2% | $45.1M | 303.6% |
| Q1 FY2024 | $12.8M | -96.1% | $73.4M | 574.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8M | $14.9M | $16.6M | $18.7M | $24.7M | $26.1M | $23.2M | $33.5M |
| YoY Growth | -96.1% | 289.2% | 164.3% | 98.0% | 93.2% | 75.8% | 39.4% | 79.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $15.37B | $14.50B | $14.08B | $13.78B | $14.19B | $13.71B | $13.88B | $14.06B |
| Liabilities | $12.14B | $11.28B | $10.87B | $10.48B | $10.83B | $10.23B | $10.29B | $10.49B |
| Equity | $3.31B | $3.29B | $3.29B | $3.35B | $3.42B | $3.57B | $3.65B | $3.69B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $211.6M | $133.8M | $137.0M | $662.9M | $91.2M | $81.8M | $112.4M | $423.0M |