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Side-by-side financial comparison of NELNET INC (NNI) and Rumble Inc. (RUM). Click either name above to swap in a different company.
NELNET INC is the larger business by last-quarter revenue ($33.5M vs $27.1M, roughly 1.2× Rumble Inc.). NELNET INC runs the higher net margin — 172.3% vs -120.8%, a 293.0% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs -10.5%). NELNET INC produced more free cash flow last quarter ($396.7M vs $-31.7M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 15.2%).
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.
Rumble is a Canadian-American online video platform, web hosting, and cloud services business headquartered in Toronto, Canada, with its U.S. headquarters in Longboat Key, Florida. It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. Rumble's cloud services business hosts Truth Social, and the video platform is popular among American conservative and far-right users. Rumble has been described as "alt-tech".
NNI vs RUM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.5M | $27.1M |
| Net Profit | $57.8M | $-32.7M |
| Gross Margin | 50.5% | 5.5% |
| Operating Margin | — | -131.1% |
| Net Margin | 172.3% | -120.8% |
| Revenue YoY | 79.6% | -10.5% |
| Net Profit YoY | -8.5% | 86.2% |
| EPS (diluted) | $1.62 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $33.5M | $27.1M | ||
| Q3 25 | $23.2M | $24.8M | ||
| Q2 25 | $26.1M | — | ||
| Q1 25 | $24.7M | $23.7M | ||
| Q4 24 | $18.7M | $30.2M | ||
| Q3 24 | $16.6M | $25.1M | ||
| Q2 24 | $14.9M | $22.5M | ||
| Q1 24 | $12.8M | $17.7M |
| Q4 25 | $57.8M | $-32.7M | ||
| Q3 25 | $106.7M | $-16.3M | ||
| Q2 25 | $181.5M | — | ||
| Q1 25 | $82.6M | $-2.7M | ||
| Q4 24 | $63.2M | $-236.8M | ||
| Q3 24 | $2.4M | $-31.5M | ||
| Q2 24 | $45.1M | $-26.8M | ||
| Q1 24 | $73.4M | $-43.3M |
| Q4 25 | 50.5% | 5.5% | ||
| Q3 25 | 29.6% | -1.8% | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 30.5% | -26.7% | ||
| Q4 24 | 13.7% | -14.2% | ||
| Q3 24 | 0.1% | -45.4% | ||
| Q2 24 | 27.3% | -58.8% | ||
| Q1 24 | 15.3% | -79.5% |
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -153.5% | ||
| Q4 24 | 97.7% | -80.1% | ||
| Q3 24 | -13.4% | -131.0% | ||
| Q2 24 | 88.0% | -172.7% | ||
| Q1 24 | — | -197.4% |
| Q4 25 | 172.3% | -120.8% | ||
| Q3 25 | 460.5% | -65.7% | ||
| Q2 25 | 694.9% | — | ||
| Q1 25 | 334.4% | -11.2% | ||
| Q4 24 | 338.2% | -783.2% | ||
| Q3 24 | 14.4% | -125.9% | ||
| Q2 24 | 303.6% | -119.2% | ||
| Q1 24 | 574.4% | -244.1% |
| Q4 25 | $1.62 | $-0.13 | ||
| Q3 25 | $2.94 | $-0.06 | ||
| Q2 25 | $4.97 | — | ||
| Q1 25 | $2.26 | $-0.01 | ||
| Q4 24 | $1.74 | $-1.17 | ||
| Q3 24 | $0.07 | $-0.15 | ||
| Q2 24 | $1.23 | $-0.13 | ||
| Q1 24 | $1.98 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $296.0M | $237.9M |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $3.7B | $274.8M |
| Total Assets | $14.1B | $336.8M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $296.0M | $237.9M | ||
| Q3 25 | $216.4M | $269.8M | ||
| Q2 25 | $225.8M | — | ||
| Q1 25 | $220.5M | $301.3M | ||
| Q4 24 | $194.5M | $114.0M | ||
| Q3 24 | $219.7M | $132.0M | ||
| Q2 24 | $145.5M | $154.2M | ||
| Q1 24 | $179.7M | $183.8M |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $9.6B | — | ||
| Q1 24 | $10.6B | — |
| Q4 25 | $3.7B | $274.8M | ||
| Q3 25 | $3.7B | $302.2M | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.4B | $339.6M | ||
| Q4 24 | $3.3B | $-63.1M | ||
| Q3 24 | $3.3B | $166.1M | ||
| Q2 24 | $3.3B | $192.7M | ||
| Q1 24 | $3.3B | $210.7M |
| Q4 25 | $14.1B | $336.8M | ||
| Q3 25 | $13.9B | $367.2M | ||
| Q2 25 | $13.7B | — | ||
| Q1 25 | $14.2B | $391.1M | ||
| Q4 24 | $13.8B | $195.3M | ||
| Q3 24 | $14.1B | $217.2M | ||
| Q2 24 | $14.5B | $243.2M | ||
| Q1 24 | $15.4B | $263.0M |
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 2.21× | — | ||
| Q1 25 | 2.53× | — | ||
| Q4 24 | 2.48× | — | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 2.90× | — | ||
| Q1 24 | 3.20× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $423.0M | $-29.4M |
| Free Cash FlowOCF − Capex | $396.7M | $-31.7M |
| FCF MarginFCF / Revenue | 1183.0% | -117.2% |
| Capex IntensityCapex / Revenue | 78.2% | 8.5% |
| Cash ConversionOCF / Net Profit | 7.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $663.4M | $-70.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $423.0M | $-29.4M | ||
| Q3 25 | $112.4M | $-10.6M | ||
| Q2 25 | $81.8M | — | ||
| Q1 25 | $91.2M | $-14.5M | ||
| Q4 24 | $662.9M | $-12.4M | ||
| Q3 24 | $137.0M | $-19.1M | ||
| Q2 24 | $133.8M | $-21.7M | ||
| Q1 24 | $211.6M | $-33.9M |
| Q4 25 | $396.7M | $-31.7M | ||
| Q3 25 | $100.8M | $-12.0M | ||
| Q2 25 | $78.1M | — | ||
| Q1 25 | $87.8M | $-14.6M | ||
| Q4 24 | $642.0M | $-12.4M | ||
| Q3 24 | $132.6M | $-19.9M | ||
| Q2 24 | $123.1M | $-23.1M | ||
| Q1 24 | $188.3M | $-34.3M |
| Q4 25 | 1183.0% | -117.2% | ||
| Q3 25 | 435.0% | -48.6% | ||
| Q2 25 | 299.0% | — | ||
| Q1 25 | 355.6% | -61.7% | ||
| Q4 24 | 3438.0% | -40.9% | ||
| Q3 24 | 797.9% | -79.5% | ||
| Q2 24 | 829.2% | -102.8% | ||
| Q1 24 | 1473.7% | -193.3% |
| Q4 25 | 78.2% | 8.5% | ||
| Q3 25 | 50.4% | 5.7% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 13.7% | 0.6% | ||
| Q4 24 | 111.9% | 0.1% | ||
| Q3 24 | 26.7% | 3.4% | ||
| Q2 24 | 71.5% | 6.1% | ||
| Q1 24 | 181.7% | 2.4% |
| Q4 25 | 7.32× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 10.50× | — | ||
| Q3 24 | 57.39× | — | ||
| Q2 24 | 2.97× | — | ||
| Q1 24 | 2.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NNI
Segment breakdown not available.
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
