Nelnet, Inc.

Nelnet, Inc.

NNIยทNYSE

$127.71

-1.1%
Financial ServicesFinancial - Credit Services

Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; school information system software; website design and cost effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. It also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community engagement, giving management, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information management, financial management, and communication functions for K-12 schools. The Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates internet industrial banks. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

At a Glance

Live Snapshot
Market Cap$4.59B
EPS11.5800
P/E Ratio11.03
Earnings Date08/05/2026
3Y-38.0%
5Y+21.0%
10Y+30.0%
3Y-78.0%
5Y-18.0%
10Y-84.0%
3Y-68.0%
5Y-28.0%
10Y-75.0%
NNI

Nelnet, Inc. Cash Conversion Engine

NNI ยท NYSE
Net Income420.68M
Depreciation & Amortization33.57M
Stock-Based Compensation0.00
Change in Working Capital110.25M
Others-141.52M
Capital Expenditures-26.24M
Free Cash Flow396.75M

Cash Flow Quality Analysis

FCF Conversion Rate

94.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

6.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-38.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$110.25M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Nelnet, Inc. Cash Flow Statement

NNI โ€ข NYSE

Nelnet, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
420.7M
175.9M
54.4M
396.2M
386.3M
349.6M
141.3M
227.5M
161.8M
257.5M
268.3M
309.3M
304.3M
178.4M
204.3M
189M
139.1M
26.8M
35.4M
68.2M
33.6M
132.5M
145.4M
176.2M
132.3M
198.5M
192.7M
184.7M
137.8M
122.5M
123.7M
108M
79.5M
116.8M
72.6M
91.2M
116M
141.6M
261.4M
169.1M
0.0
-21.6M
-52M
34.6M
55.6M
8M
-7.3M
11M
-1.5M
27M
7M
19.7M
2.5M
-23.8M
-7.7M
4.3M
-19.1M
-9.5M
-25M
-6.4M
0.0
12M
17.9M
14.2M
10.7M
16.7M
6.8M
6.5M
4.4M
4.3M
5.3M
4.7M
3.3M
3M
2M
2.3M
2.6M
7.3M
6.7M
2.5M
-141.5M
29.3M
132.1M
67.3M
-71M
-282.2M
-7.1M
32.5M
8.7M
-100.5M
-7M
-80.9M
-18M
12.3M
34.6M
-62.6M
-6.9M
90.2M
88.5M
70.1M
(68.9M)
(15.2M)
(47.6M)
(57.7M)
(18.7M)
(29.7M)
(17.7M)
(473K)
(96.3M)
(115.4M)
(147.2M)
(155.8M)
(154.8M)
(114.8M)
(133.2M)
(106M)
(101.5M)
(24.1M)
(37M)
(51.8M)
110.3M
334.8M
134.2M
-4.6M
-33.6M
58.5M
-27.5M
-191.4M
-83.7M
14.4M
-6M
-3.3M
15.5M
12.7M
5M
-29.4M
92.8M
64.6M
-94M
-88.2M
423M
662.9M
432M
684.1M
480.3M
349.1M
298.9M
270.9M
227.5M
325.3M
391.4M
357.4M
387.2M
299.3M
310.9M
194.9M
324.7M
321.1M
273.1M
215.2M
INVESTING ACTIVITIES
-26.2M
-20.9M
-74.1M
-59.4M
-59M
-113.3M
-92.5M
-125M
-156M
-67.6M
-16.8M
-26.5M
-17M
-9.9M
-14.2M
-12.8M
-1.2M
-5.1M
-20.1M
-51.9M
(0.0)
(0.0)
(0.0)
-34M
(0.0)
-30M
(0.0)
-12.6M
(4.5M)
(3.4B)
-47M
-46.8M
(502.8M)
-557.2M
-14M
-3M
(0.0)
-21M
(22.7M)
-100.5M
-1.1B
-1.1B
-938.9M
-1.3B
-996.9M
-639.7M
-104.3M
-113.5M
-157.9M
-117M
-194.4M
-238.9M
-240.2M
-190.3M
(5.8M)
-43.2M
(0.0)
-3M
-471.3M
-765.8M
986.5M
568.6M
1B
580M
352.8M
186.8M
70.6M
94.5M
168.1M
160.2M
125.6M
241.8M
103.3M
165.9M
1.4B
-59M
76.4M
1.2B
515.3M
797.2M
694.2M
3B
1.9B
3.1B
1.9B
1.2B
1.7B
-575.8M
3.4B
-147.5M
1.5B
-39.1M
147.7M
-201.1M
87.9M
-43.3M
1.7B
-70M
-2.5B
-3.8B
(509.4M)
(2.4B)
(1.9B)
(2.3B)
(1.2B)
(621.2M)
(1.5B)
-732.4M
(3.3B)
(3.3B)
(1.4B)
-109.5M
(496.6M)
-792.7M
(1.4B)
-161.3M
(1.8B)
(1.1B)
-2.5B
-3.9B
FINANCING ACTIVITIES
-67.5M
-81.3M
-26.2M
-96.1M
-56.6M
-71.7M
-38.9M
-44M
-68.2M
-68.2M
-95.4M
-15.1M
-12.6M
-22.3M
-26.6M
-39.3M
19K
-826K
-75.2M
-60.7M
-747.5M
-3.6B
-2.8B
-3B
-1.7B
-1.2B
-1.7B
809.5M
-3.4B
-3.5B
-1.8B
-130.4M
-854M
622.9M
-1.9B
-14.8M
-2B
-1.3B
2.3B
3.8B
-43M
-40.8M
-39.4M
-36.6M
-34.5M
-31.8M
-29.5M
-26.8M
-24.1M
-21.2M
-19M
-18.5M
-18.6M
-66.2M
-17.8M
-34.1M
-3.5M
-3.5M
-13.8M
(0.0)
-69.3M
-83.3M
-28M
-97.7M
-58.1M
-73.4M
-40.4M
-45.3M
-68.9M
-69.1M
-96.2M
-15.7M
-13.1M
-22.8M
-27.1M
-39.8M
-430K
-1.5M
-76.6M
-62.4M
-32.2M
566.5M
207.4M
377.8M
397M
113.8M
-8.1M
-25.5M
10.5M
-5.2M
4.3M
-16M
-785K
-17.5M
30K
279K
101K
-9M
-30.6M
-19.9M
-890.2M
-3.2B
-2.7B
-2.8B
-1.4B
-1.2B
-1.8B
711.8M
-3.5B
-3.6B
-1.9B
-180.7M
-886.5M
516.8M
-2B
-88M
-2B
-1.3B
2.2B
3.7B
CASH FLOW SUMMARY
275K
-437K
16K
-160K
-121K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
548K
158K
42.5M
-94.5M
-332.1M
163.4M
235.8M
-264.2M
30.2M
250.3M
-2.9M
6.1M
-67M
67.2M
-2.8M
23.5M
-241.2M
-54.4M
148.3M
78.1M
5.7M
2.4M
931M
1B
1.4B
1.2B
958.4M
1.2B
1.2B
942.1M
69.7M
63.5M
130.5M
63.3M
66M
42.6M
283.8M
338.2M
189.8M
111.7M
106.1M
103.7M
973.5M
931M
1B
1.4B
1.2B
958.4M
1.2B
1.2B
66.8M
69.7M
63.5M
130.5M
63.3M
66M
42.6M
283.8M
338.2M
189.8M
111.7M
106.1M
396.7M
642M
358.9M
624.6M
421.4M
235.8M
206.4M
145.9M
71.5M
257.7M
374.6M
331M
370.2M
289.4M
296.7M
182.1M
323.5M
316M
253M
163.3M

SEC Filings

NNI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 18, 2026
May 14, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 02, 2026
May 14, 2026
2026
8-K

8-K 2026

N/A

April 02, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2026

N/A

February 02, 2026
February 02, 2026
2026
Showing 1 to 10 of 396 filings