← NELNET INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1b |
$1.1b
+8.11%
|
$1.9b
+66.82%
|
$2.1b
+11.23%
|
$2.0b
-5.13%
|
$2.1b
+6.48%
|
$2.5b
+14.44%
|
$2.6b
+3.93%
|
$2.5b
-0.15%
|
$3.2b
+24.62%
|
$1.4b
-54.80%
|
|
| Total interest income | $760.7m |
$770.4m
+1.27%
|
$924.3m
+19.97%
|
$948.7m
+2.64%
|
$619.7m
-34.68%
|
$523.8m
-15.46%
|
$742.8m
+41.80%
|
$1.1b
+49.41%
|
$973.4m
-12.29%
|
$851.5m
-12.53%
|
— | |
| Cost of services | $51.2m |
$58.6m
+14.55%
|
$76.5m
+30.47%
|
$102.0m
+33.38%
|
$105.0m
+2.93%
|
$108.7m
+3.47%
|
$168.4m
+54.95%
|
$219.8m
+30.52%
|
$252.3m
+14.82%
|
$226.3m
-10.33%
|
— | |
| Net interest income | $372.6m |
$305.2m
-18.07%
|
$254.4m
-16.67%
|
$249.3m
-1.97%
|
$289.6m
+16.14%
|
$347.6m
+20.03%
|
$312.7m
-10.05%
|
$264.7m
-15.34%
|
$292.9m
+10.64%
|
$354.5m
+21.05%
|
$390.0m
+10.02%
|
|
| Gross Profit | $1.0b |
$1.1b
+7.78%
|
$1.8b
+68.79%
|
$2.0b
+10.31%
|
$1.9b
-5.54%
|
$2.0b
+6.64%
|
$2.3b
+12.28%
|
$2.3b
+1.98%
|
$2.3b
-1.56%
|
$3.0b
+28.46%
|
— | |
| Total operating expenses | $441.5m | $495.7m | $701.1m | $762.8m | $781.1m | $726.3m | $834.4m | $860.5m | $879.8m | $927.1m | — | |
| Interest expense on bonds and notes payable and bank deposits | — | — | — | — | $330.1m | $176.2m | $430.1m | $845.1m | $680.5m | $496.9m | $457.5m | |
| Net interest income after provision | — | — | — | — | — | — | — | $256.6m |
$198.8m
-22.54%
|
$275.3m
+38.53%
|
$390.0m
+41.64%
|
|
| Other expenses | $115.4m | $121.6m | $166.0m | $194.3m | $160.6m | $145.5m | $170.8m | $189.9m | $189.5m | $211.6m | — | |
| Total other income (expense), net | — | — | — | — | — | $977.1m | $1.2b | $955.2m | $1.2b | $1.4b | — | |
| Income (loss) before income taxes | $398.8m | $226.7m | $286.3m | $176.7m | $450.5m | $502.1m | $509.5m | $74.2m | $228.6m | $526.3m | — | |
| Income tax expense | $141.3m | $64.9m | $58.8m | $35.5m | $100.9m | $115.8m | $113.2m | $19.8m | $52.7m | ($128.0m) | $83.5m | |
| Net income | $257.5m |
$161.8m
-37.16%
|
$227.5m
+40.60%
|
$141.3m
-37.90%
|
$349.6m
+147.45%
|
$386.3m
+10.48%
|
$396.2m
+2.58%
|
$54.4m
-86.26%
|
$175.9m
+223.17%
|
$398.3m
+126.44%
|
$294.5m
-26.08%
|
|
| Net income (loss) attributable to Nelnet, Inc. | $256.8m | $173.2m | $227.9m | $141.8m | $352.4m | $393.3m | $407.3m | $91.5m | $184.0m | $428.5m | $294.5m | |
| Net income attributable to Nelnet, Inc. shareholders - basic (in dollars per share) | $6 | $4 | $6 | $4 | $9 | $10 | $11 | $2 | $5 | $12 | — | |
| Net loss attributable to noncontrolling interests | $750k | $11.3m | $389k | $509k | $2.8m | $7.0m | $11.1m | $37.1m | $8.1m | $30.1m | — | |
| Weighted-average common shares outstanding - basic (in shares) | — | — | — | 40.0m | 39.1m | 38.6m | 37.6m | 37.4m | 36.6m | 36.3m | — | |
| Weighted-average common shares outstanding - diluted (in shares) | — | — | — | 40.0m | 39.1m | 38.6m | 37.6m | 37.4m | 36.6m | 36.3m | — | |
| Loan interest | $751.3m | $757.7m | $897.7m | $914.3m | $595.1m | $482.3m | $651.2m | $931.9m | $787.5m | $686.1m | — | |
| Investment interest | $9.5m | $12.7m | $26.6m | $34.4m | $24.5m | $41.5m | $91.6m | $177.9m | $185.9m | $165.4m | — | |
| Less provision for loan losses | $13.5m | $14.4m | $23.0m | $39.0m | $63.4m | ($12.4m) | $46.4m | $65.5m | $54.6m | $67.9m | — | |
| Less provision for beneficial interests | — | — | — | — | — | — | — | $0 | $39.5m | $11.3m | — | |
| Other, net | — | — | — | — | $57.6m | $78.7m | $25.5m | ($48.8m) | $61.6m | $97.6m | — | |
| Gain on partial redemption of ALLO investment | — | — | — | — | — | — | — | $0 | $0 | $175.0m | — | |
| Derivative market value adjustments and derivative settlements, net | — | — | $71.1m | ($30.8m) | ($24.5m) | $71.4m | $264.6m | ($16.7m) | $16.3m | ($6.4m) | — | |
| Salaries and benefits | $255.9m | $301.9m | $436.2m | $463.5m | $501.8m | $507.1m | $589.6m | $591.5m | $576.9m | $558.8m | — | |
| Depreciation and amortization | $33.9m | $39.5m | $86.9m | $105.0m | $118.7m | $73.7m | $74.1m | $79.1m | $58.1m | $33.6m | $36.0m | |
| Reinsurance losses and underwriting expenses | — | — | — | — | — | — | $154k | $16.8m | $55.2m | $93.6m | — | |
| Impairment expense | — | — | ($11.7m) | $0 | ($24.7m) | ($16.4m) | ($15.5m) | ($31.9m) | $3.1m | $29.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.