[8-K] Nelnet, Inc. Reports Material Event

Rhea-AI Filing Summary

Report: Nelnet, Inc. filed an 8-K on August 6, 2025 announcing a press release reporting results for the quarter ended June 30, 2025.

Key items furnished:

• Exhibit 99.1: Press Release dated August 6, 2025 - "Nelnet Reports Second Quarter 2025 Results"
• Exhibit 99.2: Supplemental Financial Information for the quarter ended June 30, 2025 (also made available on the Company website)
• Exhibit 104: Cover Page Interactive Data File (Inline XBRL)

The filing states the exhibits are "furnished" and are not "deemed filed" under Section 18 of the Exchange Act and that website content is not incorporated by reference. The filing includes a forward-looking statements disclaimer and directs readers to risk factors in the Companys Annual Report (filed February 27, 2025) and its Quarterly Report for the three months ended June 30, 2025 (filed August 6, 2025). The report is signed by CFO James D. Kruger.

Positive

• Timely disclosure of Q2 2025 press release and supplemental financial information on August 6, 2025.
• Supplemental financial information made available on the Company website and furnished as Exhibit 99.2.
• Inline XBRL cover page furnished as Exhibit 104, supporting machine-readable data.

Negative

• No financial metrics or line-item results are included directly in the 8-K text; investors must open exhibits.
• Exhibits are "furnished," not "filed," and the company states website content is not incorporated by reference.
• Forward-looking statements are subject to risks and the filing directs readers to Risk Factors in prior SEC reports.

Insights

Financial Analyst

TL;DR: Routine 8-K furnishing Q2 materials; no financial line items included in the filing itself.

The filing furnishes the Q2 2025 press release and supplemental financial materials as exhibits but does not present financial statements or metrics within the 8-K text. The disclosure follows standard practice of furnishing earnings releases and supplemental packs while reserving that exhibits are "furnished" (not "filed"). Investors should review Exhibits 99.1 and 99.2 and the referenced Quarterly Report for substantive results and metrics.

Corporate Governance Expert

TL;DR: Compliance-focused filing; emphasizes legal caveats about filing status and forward-looking risks.

The 8-K is procedural and emphasizes compliance: exhibits furnished, forward-looking statement disclaimers, and pointer to existing Risk Factors. Signature by the CFO confirms proper execution. The filing itself is not transformative for governance or capital structure but maintains required disclosure protocols.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

August 6, 2025

NELNET, INC.

(Exact name of registrant as specified in its charter)

Nebraska

001-31924

84-0748903

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

121 South 13th Street, Suite 100
Lincoln,			Nebraska						68508
(Address of principal executive offices)									(Zip Code)

Registrant's telephone number, including area code (402) 458-2370

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Class A Common Stock, Par Value $0.01 per Share			NNI			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                        ☐

Item 2.02 Results of Operations and Financial Condition.

On August 6, 2025, Nelnet, Inc. (the “Company”) issued a press release with respect to its financial results for the quarter ended June 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report. In addition, a copy of the supplemental financial information for the quarter ended June 30, 2025, which was made available on the Company's website at www.nelnetinvestors.com on August 6, 2025 in connection with the press release, is furnished as Exhibit 99.2 to this report.

The above information and Exhibits 99.1 and 99.2 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information and Exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. In addition, information on the Company's website is not incorporated by reference into this report and should not be considered part of this report.

Certain statements contained in the exhibits furnished with this report may be considered forward looking in nature and are subject to various risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company's actual results may vary materially from those anticipated, estimated, or expected. Among the key risks and uncertainties that may have a direct bearing on the Company's future operating results, performance, or financial condition expressed or implied by the forward-looking statements are the matters discussed in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025 and the Company's Quarterly Report on Form 10-Q for the three months ended June 30, 2025 filed with the SEC on August 6, 2025. Although the Company may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits. The following exhibits are furnished as part of this report:

Exhibit No.						Description
99.1						Press Release dated August 6, 2025 - "Nelnet Reports Second Quarter 2025 Results"
99.2						Supplemental Financial Information for the Quarter Ended June 30, 2025
104						Cover Page Interactive Data File (formatted as Inline XBRL and included as Exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 6, 2025

NELNET, INC.

By:    /s/ JAMES D. KRUGER

Name:    James D. Kruger

Title:    Chief Financial Officer

FAQ

What did Nelnet (NNI) disclose in the 8-K filed August 6, 2025?

The Company furnished a press release (Exhibit 99.1) and supplemental financial information for the quarter ended June 30, 2025 (Exhibit 99.2) and included an Inline XBRL cover page (Exhibit 104).

Are the Q2 2025 results included in the 8-K text for NNI?

No. The 8-K furnishes the press release and supplemental materials as exhibits; the filing text does not include line-item financial results.

Was the supplemental financial information made available elsewhere?

Yes. The filing states the supplemental financial information was made available on the Companys website at www.nelnetinvestors.com on August 6, 2025.

Are the furnished exhibits considered "filed" under the Exchange Act?

No. The 8-K explicitly states the furnished exhibits shall not be deemed filed for purposes of Section 18 of the Exchange Act nor incorporated by reference, except by specific reference.

Who signed the 8-K for Nelnet and when?

The report is dated August 6, 2025 and signed by James D. Kruger, Chief Financial Officer.