Every 10-Q that Nelnet, Inc. (NNI) 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 NNI 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 NNI filings page.
Nelnet, Inc. reported Q2 2026 net income attributable to Nelnet of $66.7 million ($1.85 per share), down from $181.5 million ($4.97) a year earlier; six‑month net income was $137.8 million versus $264.0 million in 2025.
Total assets were $14.28 billion, including $9.80 billion of loans and accrued interest. Net interest income rose to $96.0 million from $79.4 million, while the provision for loan losses increased to $41.1 million (six‑month $94.3 million versus $33.3 million), mainly tied to growth and seasoning in consumer and Pay Later receivables, with credit metrics described as consistent with management expectations.
Other income no longer included the prior‑year $175.0 million gain on partial redemption of the ALLO investment and reflected a $3.0 million pre‑tax loss from solar partnerships. Nelnet Bank loans grew to $1.64 billion and deposits to $2.22 billion. Nelnet acquired Canadian servicer NDS Canada for CAD $146.8 million (USD $107.6 million), adding $69.8 million of intangibles and $47.8 million of goodwill, and established a new $435.0 million unsecured credit line maturing in 2031.
Nelnet, Inc. reported net income attributable to shareholders of $71.1 million for the quarter ended March 31, 2026, down from $82.6 million a year earlier, or $1.97 per diluted share versus $2.26. Net interest income rose to $101.6 million, but the provision for loan losses increased sharply to $53.2 million from $15.3 million, largely tied to growth in consumer and Pay Later receivables. Fee-based revenue remained a major driver, with loan servicing and systems revenue of $127.8 million and education technology services and payments revenue of $154.4 million. The company acquired Canadian servicer NDS Canada for about $105.8 million, adding $69.1 million of intangible assets and $47.0 million of goodwill. Nelnet Bank continued to expand, with deposits of $1.74 billion and loans of $1.26 billion. Management highlighted non-GAAP net income excluding derivative market value adjustments of $69.9 million, or $1.94 per share, versus $87.4 million, or $2.39, in the prior-year quarter.
Nelnet, Inc. (NNI) filed its Q3 2025 10‑Q, reporting stronger results for the three months ended September 30, 2025. Net income attributable to Nelnet was $106.7 million versus $2.4 million a year ago, and basic and diluted EPS were $2.94 versus $0.07.
Net interest income was $85.3 million (up from $72.2 million), helped by a negative provision for loan losses of $3.6 million. Diversified fee businesses continued to scale: loan servicing and systems revenue $151.1 million, and education technology services and payments revenue $129.3 million. Other income totaled $342.5 million, reflecting contributions from services, reinsurance premiums, and investment‑related items.
The balance sheet remained sizable with total assets $13.88 billion and total liabilities $10.29 billion. Bonds and notes payable were $7.82 billion. Cash and cash equivalents were $216.4 million. As of October 31, 2025, shares outstanding were 25,316,448 Class A and 10,616,675 Class B (excluding 11,305,731 Class A held by subsidiaries).
Q2 2025 highlights: Nelnet (NNI) reported net income of $181.5 m (EPS $4.97) versus $45.1 m (EPS $1.23) in Q2 2024. Six-month profit rose to $264.0 m (EPS $7.24). Results were propelled by a $175 m one-time gain from partial redemption of the ALLO Communications investment.
Revenue mix: Total interest income fell 13 % YoY to $212.3 m as loan yields declined, yet net interest income improved 19 % to $79.4 m on lower funding costs. Fee-based lines performed well: loan-servicing revenue grew 11 % to $120.7 m and EdTech & payments revenue ticked up to $118.2 m. Non-interest income surged 73 % to $461.2 m on the ALLO gain and reinsurance expansion.
Expenses: Operating expenses edged up 2 % to $219.3 m. Provision for loan losses jumped to $17.9 m (vs. $3.6 m) reflecting credit normalization; impairment and hedge losses added $13.4 m.
Balance sheet: Assets were $13.71 bn (-0.5 % YTD). Bonds & notes payable declined $406 m to $7.90 bn, pushing liability totals down 2 %. Cash & equivalents increased 16 % to $225.8 m. Shareholders’ equity climbed 6.7 % to $3.58 bn, lifting book value to roughly $98 per diluted share.
Key watch-items: sustainability of fee growth, elevated credit provisioning (allowance $125 m) and limited recurring impact from the ALLO gain. No forward guidance was included in the excerpt.