Every 10-Q that Navient Corporation (JSM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow JSM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JSM filings page.
Navient Corporation reported improved profitability for the quarter ended June 30, 2026. GAAP net income was $25 million, or $0.26 per diluted share, up from $14 million and $0.13 a year earlier. Core Earnings net income was $27 million versus $21 million. For the first six months, GAAP net income rose to $42 million from $11 million, while Core Earnings were $47 million, unchanged from the prior year period.
Navient owns and manages education loans totaling $42,249 million net, including $15,674 million of Private Education Loans and $26,575 million of FFELP Loans. Second‑quarter Private Education Loan originations reached $815 million, a 63% year‑over‑year increase, led by refinance loans. The Consumer Lending segment net interest margin was 2.26%, while the Federal Education Loans segment generated a 0.68% margin.
Credit metrics improved but remain a key focus. Private Education Loan net charge‑offs were 1.84% annualized, with delinquencies over 30 days at 5.4% of loans in repayment. FFELP Loans had a 14.7% delinquency rate and a 12.8% forbearance rate. Navient continued restructuring, achieving more than $400 million of expense reductions since 2024, returning $2 million via share repurchases and $15 million in dividends in the quarter. The GAAP equity‑to‑asset ratio was 5.1%, and the Adjusted Tangible Equity Ratio was 9.0%.
Navient Corporation reports first-quarter 2026 results showing a return to profitability on a GAAP basis and continued balance-sheet simplification. GAAP net income was $17 million, or $0.17 per diluted share, compared with a net loss of $2 million, or $(0.02), a year earlier. Core Earnings net income was $19 million, or $0.20 per diluted share, down from $26 million, or $0.25, reflecting lower net interest margins and the exit from business processing.
In Consumer Lending, net income was $35 million with a net interest margin of 2.48%. Private Education Loan originations reached $818 million, up 61% from $508 million, driven by refinance volume. Federal Education Loans generated $22 million of net income and a 0.65% net interest margin as the FFELP portfolio continued to pay down.
Navient highlighted its restructuring program and portfolio sales completed in 2024–2025, which reduced operating expenses and removed the Business Processing segment. The company returned $38 million to shareholders through $23 million of share repurchases and $15 million of dividends. The GAAP equity-to-asset ratio was 4.9% and the Adjusted Tangible Equity Ratio was 8.9% as of March 31, 2026.
Navient Corporation reported third-quarter 2025 results with a GAAP net loss of $86 million ($0.87 per diluted share) and a Core Earnings net loss of $83 million ($0.84 per diluted share). Results reflected a $168 million provision for loan losses, including $13 million for FFELP and $155 million for Private Education Loans; of this, $17 million tied to new originations and the remainder to elevated delinquencies, macro outlook, and FFELP portfolio extension.
Segment performance was mixed: the Federal Education Loans segment earned $35 million with a 0.84% net interest margin, while Consumer Lending posted a $76 million net loss with a 2.39% margin. FFELP prepayments fell to $268 million from $1.0 billion a year ago, supporting a $11 million net benefit to net interest income from lower prepayment assumptions. Private Education Loan originations were $788 million in Q3 and $1.8 billion for the first nine months of 2025.
Capital actions included $26 million of share repurchases, a new $100 million buyback authorization, and $16 million in dividends. The company issued $543 million of asset-backed securities. The GAAP equity‑to‑asset ratio was 4.9% and the Adjusted Tangible Equity Ratio was 9.3%. As of September 30, 2025, common shares outstanding were 97,506,705.