Nelnet financials
$124.03−0.02%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $518.9M | $528.6M | $510.3M | $548.5M | $673.5M | $523.6M | $542.8M | $506.9M | $509.1M | $579.7M | $473.8M | $528.5M |
| Gross profit | $410.0M | $419.1M | $392.0M | $427.8M | $540.6M | $398.5M | $401.6M | $338.5M | $332.7M | $385.1M | $268.5M | $321.3M |
| Gross margin | 79.0% | 79.3% | 76.8% | 78.0% | 80.3% | 76.1% | 74.0% | 66.8% | 65.3% | 66.4% | 56.7% | 60.8% |
| Operating income | $65.4M | $75.7M | $46.4M | $136.4M | $237.4M | $106.1M | $78.4M | -$2.2M | $58.4M | $156.8M | -$55.9M | $51.1M |
| Net income | $66.7M | $71.1M | $57.8M | $106.7M | $181.5M | $82.6M | $63.2M | $2.4M | $45.1M | $73.4M | -$7.9M | $44.4M |
| Net margin | 12.8% | 13.5% | 11.3% | 19.5% | 26.9% | 15.8% | 11.6% | 0.5% | 8.9% | 12.7% | −1.7% | 8.4% |
| Diluted EPS | $1.85 | $1.97 | $1.60 | $2.94 | $4.97 | $2.26 | $1.73 | $0.07 | $1.23 | $1.98 | $-0.21 | $1.18 |
| EBITDA | $65.4M | $75.7M | $55.0M | $145.6M | $237.4M | $106.1M | $44.7M | $26.8M | $66.2M | $156.8M | -$24.0M | $51.1M |
| Operating cash flow | $77.9M | $73.1M | $137.6M | $112.4M | $81.8M | $91.2M | $180.5M | $137.0M | $133.8M | $211.6M | $144.2M | -$142.4M |
| Free cash flow | $71.6M | $61.6M | $130.1M | $100.8M | $78.1M | $87.8M | $163.2M | $132.6M | $123.1M | $188.3M | $122.8M | -$157.7M |
| Diluted shares | 36.0M | 36.1M | 36.1M | 36.3M | 36.5M | 36.5M | 36.5M | 36.4M | 36.5M | 37.2M | 37.4M | 37.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $172.4M | $240.0M | $296.0M | $216.4M | $225.8M | $220.5M |
| Short-term investments | $3.46B | $3.07B | $3.03B | $2.79B | $2.68B | $2.91B |
| Total debt | $7.04B | $7.70B | $7.78B | $7.82B | $7.90B | $8.66B |
| Total assets | $14.28B | $14.18B | $14.06B | $13.88B | $13.71B | $14.19B |
| Total liabilities | $10.64B | $10.57B | $10.49B | $10.29B | $10.23B | $10.83B |
| Shareholders' equity | $3.64B | $3.61B | $3.58B | $3.59B | $3.48B | $3.36B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology