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NNI US​
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NNI US​
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Nelnet Inc Class A(NNI US)

$126.96+2.131.71%Ext:$127.24+0.280.22%(Market Closed · 21:45:00 UTC)
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Nelnet Inc Class A(NNI US)

$126.96+2.131.71%Ext:$127.24+0.280.22%(Market Closed · 21:45:00 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

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SEC Filings

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FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Nelnet Inc Class A — Company Profile

Nelnet, Inc. operates globally, encompassing a variety of businesses including loan management, telecommunications, educational technology, related services, and payment processing solutions. Its Loan Servicing and Systems division offers comprehensive support for loan operations. This includes converting and processing loan applications, managing borrower data, providing customer service, handling payments, executing due diligence, reconciling funds, and processing claims. The segment also develops specialized software for student loan servicing and delivers business process outsourcing, with a focus on contact center management through inbound calls, outreach campaigns, sales, and multi-channel customer engagement. The Education Technology, Services, and Payment Processing segment provides an extensive array of solutions. These span financial management services, school information system software, website design, and cost-effective admissions software. It also operates FACTS Giving, a dedicated donation platform, alongside tailored professional development, coaching, and educational instruction services, as well as technological tools for teacher and student assessments. This segment facilitates tuition payment plans and offers end-to-end technology and services for student billing, payments, and refunds. Furthermore, it supports on-campus payment options (in-person, online, mobile) and general payment processing via credit card and electronic transfers. Additional offerings include services and technologies for faith community engagement, giving management, and learning management. A core offering is an integrated commerce payment platform, combined with financial management and tuition payment plan services, alongside a robust K-12 school management platform that handles administrative, informational, financial, and communication functions. The Communications unit supplies fiber optic services for internet, television, and telephone to both residential and business clients. Through its Asset Generation and Management segment, Nelnet is engaged in the acquisition, oversight, and ownership of various loan assets. Finally, the Nelnet Bank segment manages and operates internet-based industrial banks. Nelnet, Inc. was established in 1978 and is headquartered in Lincoln, Nebraska.

Sector
Financials
Industry
Consumer Finance
Exchange
UN
CEO
Jeffrey R. Noordhoek
Headquarters
Lincoln, NE, US
IPO Date
Dec 12, 2003
Employees
5,744
Website
www.nelnet.com

Key Metrics

Price
$123.87
Market Cap
$4.45B

Nelnet Inc Class A — Company Profile

Nelnet, Inc. operates globally, encompassing a variety of businesses including loan management, telecommunications, educational technology, related services, and payment processing solutions. Its Loan Servicing and Systems division offers comprehensive support for loan operations. This includes converting and processing loan applications, managing borrower data, providing customer service, handling payments, executing due diligence, reconciling funds, and processing claims. The segment also develops specialized software for student loan servicing and delivers business process outsourcing, with a focus on contact center management through inbound calls, outreach campaigns, sales, and multi-channel customer engagement. The Education Technology, Services, and Payment Processing segment provides an extensive array of solutions. These span financial management services, school information system software, website design, and cost-effective admissions software. It also operates FACTS Giving, a dedicated donation platform, alongside tailored professional development, coaching, and educational instruction services, as well as technological tools for teacher and student assessments. This segment facilitates tuition payment plans and offers end-to-end technology and services for student billing, payments, and refunds. Furthermore, it supports on-campus payment options (in-person, online, mobile) and general payment processing via credit card and electronic transfers. Additional offerings include services and technologies for faith community engagement, giving management, and learning management. A core offering is an integrated commerce payment platform, combined with financial management and tuition payment plan services, alongside a robust K-12 school management platform that handles administrative, informational, financial, and communication functions. The Communications unit supplies fiber optic services for internet, television, and telephone to both residential and business clients. Through its Asset Generation and Management segment, Nelnet is engaged in the acquisition, oversight, and ownership of various loan assets. Finally, the Nelnet Bank segment manages and operates internet-based industrial banks. Nelnet, Inc. was established in 1978 and is headquartered in Lincoln, Nebraska.

Sector
Financials
Industry
Consumer Finance
Exchange
UN
CEO
Jeffrey R. Noordhoek
Headquarters
Lincoln, NE, US
IPO Date
Dec 12, 2003
Employees
5,744
Website
www.nelnet.com

Key Metrics

Price
$123.87
Market Cap
$4.45B
Revenue (TTM)
$525.51M
Net Income (TTM)
$71.13M
EPS (TTM)
1.97
P/E (TTM)
10.67
P/B (TTM)
1.19
Dividend Yield
98.80%
ROE (TTM)
1.91%
ROA (TTM)
0.50%
Operating Margin
39.45%
Beta
0.25

Dividends

Last Dividend
$0.33
Last Yield
0.99%

Summary

Nelnet, Inc. operates globally, encompassing a variety of businesses including loan management, telecommunications, educational technology, related services, and payment processing solutions. Its Loan Servicing and Systems division offers comprehensive support for loan operations. This includes converting and processing loan applications, managing borrower data, providing customer service, handling payments, executing due diligence, reconciling funds, and processing claims. The segment also develops specialized software for student loan servicing and delivers business process outsourcing, with a focus on contact center management through inbound calls, outreach campaigns, sales, and multi-channel customer engagement. The Education Technology, Services, and Payment Processing segment provides an extensive array of solutions. These span financial management services, school information system software, website design, and cost-effective admissions software. It also operates FACTS Giving, a dedicated donation platform, alongside tailored professional development, coaching, and educational instruction services, as well as technological tools for teacher and student assessments. This segment facilitates tuition payment plans and offers end-to-end technology and services for student billing, payments, and refunds. Furthermore, it supports on-campus payment options (in-person, online, mobile) and general payment processing via credit card and electronic transfers. Additional offerings include services and technologies for faith community engagement, giving management, and learning management. A core offering is an integrated commerce payment platform, combined with financial management and tuition payment plan services, alongside a robust K-12 school management platform that handles administrative, informational, financial, and communication functions. The Communications unit supplies fiber optic services for internet, television, and telephone to both residential and business clients. Through its Asset Generation and Management segment, Nelnet is engaged in the acquisition, oversight, and ownership of various loan assets. Finally, the Nelnet Bank segment manages and operates internet-based industrial banks. Nelnet, Inc. was established in 1978 and is headquartered in Lincoln, Nebraska.

Website
www.nelnet.com
Location
Lincoln, NE, US
Phone402 458 2370
Employees5,744
CEOJeffrey R. Noordhoek
Sector
Financials
Industry
Consumer Finance
IPO DateDec 12, 2003

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.5K)

Expand
  • SC 13G/ANELNET INC12 Nov
  • 10-QQ3ended 30 Sept 20265 Nov
  • 8-KResults of Operations and Financial Condition5 Nov
  • 8-KRegulation FD Disclosure30 Oct
  • Form 4Kruger James D7 Oct
  • Form 4Rath Kimberly Kay16 Sep
  • Form 4Farrell Kathleen Anne16 Sep
  • Form 4Graff David S16 Sep
  • Form 4Pallesen Edward Sysel16 Sep
  • Form 3Pallesen Edward Sysel16 Sep
  • Form 4KLEIN ANGIE J16 Sep
  • Form 3KLEIN ANGIE J16 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers16 Sep
  • 10-QQ2ended 30 Jun 20266 Aug
  • 8-KResults of Operations and Financial Condition6 Aug
  • 8-KRegulation FD Disclosure30 Jul
  • Form 4Kruger James D10 Jul
  • Form 4Bansal Preeta D17 Jun
  • Form 4Farrell Kathleen Anne17 Jun
  • Form 4Van Deun Jona M17 Jun

News

  • 3 Stocks to Buy That Announced Dividend Hikes Amid Market Volatility13 Nov
  • 4 Dividend Stocks Just Gave Shareholders a Raise. One Hiked Its Payout 17.5%11 Nov
  • Dividend Announcements: October 31-November 6, 2026 (Part 2 Of 2)8 Nov
  • Nelnet (NYSE:NNI) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened7 Nov
  • Nelnet Reports Third Quarter 2026 Results5 Nov
  • Emerson Among 14 Dividend Growth Companies To Announce Annual Dividend Increases In First Half Of November31 Oct
  • Dave (NASDAQ:DAVE) & Nelnet (NYSE:NNI) Head-To-Head Comparison19 Oct
  • Critical Review: Nelnet (NYSE:NNI) & OppFi (NYSE:OPFI)17 Oct
  • FACTS Introduces FACTS Compass™, a Scholarship Administration Platform for the Federal Scholarship Tax Credit15 Oct
  • Nelnet to Announce Third Quarter Results12 Oct
  • Nelnet Business Services Acquires International School Management Technology Provider, Entab5 Oct
  • Head-To-Head Review: Nelnet (NYSE:NNI) versus Upbound Group (NASDAQ:UPBD)21 Sep
  • Nelnet Board of Directors Appoints Two New Members16 Sep
  • Nelnet Accessibility Services Now on Civic Marketplace8 Sep
  • Head-To-Head Survey: Aiful (OTCMKTS:AIFLY) versus Nelnet (NYSE:NNI)2 Sep
  • Nelnet Campus Commerce and PayPal launch Digital Wallet Payments for Higher Education Tuition19 Aug

Mentions in Filings

  • #Navient Corp. 24,760 242,896 NB Bancorp, Inc. 10,476 227,539 NBT Bancorp, Inc. 15,401 684,266 \*NCR Atleos Corp. 20,621 769,163 <strong>Nelnet</strong>, Inc., Class A 3,458 456,110 \*NerdWallet, Inc., Class A 9,818 118,405 \*NI Holdings, Inc. 1,051 14,315 Nicolet Bankshares , Inc. 3,958 577,789 \*NMI Holdings, Inc., Class A 22,006 852,072 Northeast Bank 2,038 234,839 Northeast Community Bancorp, Inc. 1,548 …
    Dimensional ETF TrustNelnet Inc Class A·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … erved as a Director of Old Market Capital Corporation, formerly known as Nicholas Financial, Inc., a publicly traded company on the OTCID Market. From March 2022 through March 2026, Mr. Peterson served as a Director of <strong>Nelnet, Inc.</strong>, a publicly traded company on the New York Stock Exchange. From May 2016 through March 2021, Mr. Peterson served as a Director of Brampton Brick Ltd., a publicly traded Canadian company traded on the Toronto Stock Exch …
    BOSTON OMAHA CorpNelnet Inc Class A·DEF 14A - Definitive proxy statement·Q3 26·1 Jul
  • … ​ | ​ | | *(Dollars in thousands)* | ​ ​ ​ | ​ | ​ | | ​ | ​ | Fair | | | *December 31, 2025:* | ​ | Value | | | Issuer | ​ | ​ | ​ | | Sallie Mae Bank | ​ | $ | 23,354 | | Velocity Commercial Capital | ​ | ​ | 19,551 | | <strong>Nelnet</strong> Student Loan Trust | ​ | | 13,169 | ​ There were no proceeds from sales of Debt Securities Available-For-Sale for the quarter ended September 30, 2026 and 2025. Therefore, there were no gains or losses realized during t …
    FIRST KEYSTONE CORPNelnet Inc Class A·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … ederal Agricultural Mortgage Corp. Class C | 281,047 | 56,004 | | | S&T Bancorp Inc. | 1,140,806 | 55,991 | | \* | Triumph Financial Inc. | 719,713 | 54,921 | | | Dime Commercial Bancshares Inc. | 1,332,086 | 54,149 | | | <strong>Nelnet</strong> Inc. Class A | 402,552 | 53,672 | | | Hope Bancorp Inc. | 3,858,454 | 52,784 | | | Ellington Financial Inc. | 3,786,215 | 51,530 | | | German American Barcorp Inc. | 1,078,184 | 51,171 | | | ConnectOne Bancorp Inc. | 1,52 …
    バンガード・インデックス・ファンズNelnet Inc Class A·Interim Report - Semi-Annual Report (2026.01.01-2026.12.31)·30 Sep·29 Sep
  • … | 976,658 | 43,393 | | \* | Baldwin Insurance Group Inc. Class A | 1,561,216 | 41,497 | | | Walker & Dunlop Inc. | 749,142 | 40,978 | | | City Holding Co. | 307,203 | 40,747 | | | S&T Bancorp Inc. | 823,063 | 40,396 | | | <strong>Nelnet</strong> Inc. Class A | 290,693 | 38,758 | | \* | Palomar Holdings Inc. | 304,358 | 38,468 | | | Hope Bancorp Inc. | 2,789,259 | 38,157 | | | Kemper Corp. | 1,352,214 | 36,456 | | | Hilltop Holdings Inc. | 872,251 | 33,826 | | | A …
    バンガード・インデックス・ファンズNelnet Inc Class A·Interim Report - Semi-Annual Report (2026.01.01-2026.12.31)·30 Sep·29 Sep
  • … r 3 yrs old. Payoff not required. - xx/xx/xxxx Collection is over 3 years old. Please see borrowers explanation and old credit report that shows it was transferred to a new creditor but is the same collection account from <strong>nelnet</strong> - xx/xx/xxxx | Delinquent Credit History Meets Guideline Requirements - xx/xx/xxxx Documentation provided that the account is well over 3 yrs old. Payoff not required. - xx/xx/xxxx Collection is over 3 years old. Please s …
    Onslow Bay Funding LLCNelnet Inc Class A·EX-99.05 - ABS-15G - MAXWELL EXCEPTIONS REPORT·Q3 26·18 Aug

Key Stats

Trading

Px/Chg 1D$123.87 / +0.24%
Avg Volume147.73K
Beta0.25
Mkt Cap4.45B
FD Mkt Cap4.58B

Float

Shrs Out/Float35.93M / 22.81M
Short Float0.02%
Days to Cover2.83
Stock Repurchased$16.28M

Current Valuation

EV11.91B
EV/EBITDA15.12
EV/Sales5.57
P/B1.19
P/S2.08
FCF Yield1.38%
ROE1.91%
ROA0.50%
Current Ratio0.00

Dividend

Cash$0.33
Yield98.80%
Yield (TTM)98.80%

Estimates

P/E10.67
Est P/E0.00
Est EPS2.66
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings42.648.7140.3021.0080.6162.58
Price / Sales4.751.952.002.099.248.47
Price / Book Value1.171.111.111.151.261.19
Price / Free Cash Flow25.975.6810.086.0235.7972.30
ENTERPRISE VALUE METRICS
Enterprise Value13,699.618,066.015,226.411,930.111,369.011,906.6
Enterprise Value / Sales14.009.948.396.4622.5622.66
Enterprise Value / EBITDA51.4726.6471.1233.0465.3361.24
Enterprise Value / EBIT88.6236.00221.5952.1969.0564.28

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue12.4%1,417.81,816.91,814.41,846.72,263.4
Gross Income12%1,254.01,351.8961.11,111.51,969.9
EBITDA13.6%634.4678.1214.1361.11,056.9
EBIT19.5%502.1501.868.7228.61,023.3
Net Income2.2%393.3406.989.8184.0428.5
EPS (Diluted)3.2%10.2010.632.395.0211.58
BALANCE SHEET
Cash & ST Inv-2%1,055.21,507.21,106.01,178.4973.5
Total Assets-10.3%21,678.019,374.016,712.413,777.814,063.8
Total Liabilities-13.5%18,725.216,174.113,512.310,478.610,486.6
Total Shareholder Equity5.7%2,951.23,199.03,253.83,349.83,685.8
CASH FLOW
Net Operating Cash Flow-3.1%480.3684.1432.0662.9423.0
Cap Ex-18.3%-59.0-59.4-74.1-20.9-26.2
Free Cash Flow-1.5%421.4624.6358.9642.0396.7

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)125.15
Basic Shares35.93
Market Cap4,497.1
Diluted Shares35.85
Fully Diluted Shares Outstanding35.85
Fully Diluted Market Cap4,486.1
+Consolidated Debt6,769.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-211.0
−Short-term Investments-2,052.6
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-174.1
+Pension Liabilities—
Enterprise Value10,881.0

Segment data

Revenue

by Products and services

  • Loan Servicing And Systems Revenue31%
  • Education Technology Services And Payment Processing Services31%
  • Payment Processing12%
  • Education Technology Services10%
  • Tuition Payment Plan Services9%

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Revenue (TTM)
$525.51M
Net Income (TTM)
$71.13M
EPS (TTM)
1.97
P/E (TTM)
10.67
P/B (TTM)
1.19
Dividend Yield
98.80%
ROE (TTM)
1.91%
ROA (TTM)
0.50%
Operating Margin
39.45%
Beta
0.25

Dividends

Last Dividend
$0.33
Last Yield
0.99%

Summary

Nelnet, Inc. operates globally, encompassing a variety of businesses including loan management, telecommunications, educational technology, related services, and payment processing solutions. Its Loan Servicing and Systems division offers comprehensive support for loan operations. This includes converting and processing loan applications, managing borrower data, providing customer service, handling payments, executing due diligence, reconciling funds, and processing claims. The segment also develops specialized software for student loan servicing and delivers business process outsourcing, with a focus on contact center management through inbound calls, outreach campaigns, sales, and multi-channel customer engagement. The Education Technology, Services, and Payment Processing segment provides an extensive array of solutions. These span financial management services, school information system software, website design, and cost-effective admissions software. It also operates FACTS Giving, a dedicated donation platform, alongside tailored professional development, coaching, and educational instruction services, as well as technological tools for teacher and student assessments. This segment facilitates tuition payment plans and offers end-to-end technology and services for student billing, payments, and refunds. Furthermore, it supports on-campus payment options (in-person, online, mobile) and general payment processing via credit card and electronic transfers. Additional offerings include services and technologies for faith community engagement, giving management, and learning management. A core offering is an integrated commerce payment platform, combined with financial management and tuition payment plan services, alongside a robust K-12 school management platform that handles administrative, informational, financial, and communication functions. The Communications unit supplies fiber optic services for internet, television, and telephone to both residential and business clients. Through its Asset Generation and Management segment, Nelnet is engaged in the acquisition, oversight, and ownership of various loan assets. Finally, the Nelnet Bank segment manages and operates internet-based industrial banks. Nelnet, Inc. was established in 1978 and is headquartered in Lincoln, Nebraska.

Website
www.nelnet.com
Location
Lincoln, NE, US
Phone402 458 2370
Employees5,744
CEOJeffrey R. Noordhoek
Sector
Financials
Industry
Consumer Finance
IPO DateDec 12, 2003

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.5K)

Expand
  • SC 13G/ANELNET INC12 Nov
  • 10-QQ3ended 30 Sept 20265 Nov
  • 8-KResults of Operations and Financial Condition5 Nov
  • 8-KRegulation FD Disclosure30 Oct
  • Form 4Kruger James D7 Oct
  • Form 4Rath Kimberly Kay16 Sep
  • Form 4Farrell Kathleen Anne16 Sep
  • Form 4Graff David S16 Sep
  • Form 4Pallesen Edward Sysel16 Sep
  • Form 3Pallesen Edward Sysel16 Sep
  • Form 4KLEIN ANGIE J16 Sep
  • Form 3KLEIN ANGIE J16 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers16 Sep
  • 10-QQ2ended 30 Jun 20266 Aug
  • 8-KResults of Operations and Financial Condition6 Aug
  • 8-KRegulation FD Disclosure30 Jul
  • Form 4Kruger James D10 Jul
  • Form 4Bansal Preeta D17 Jun
  • Form 4Farrell Kathleen Anne17 Jun
  • Form 4Van Deun Jona M17 Jun

News

  • 3 Stocks to Buy That Announced Dividend Hikes Amid Market Volatility13 Nov
  • 4 Dividend Stocks Just Gave Shareholders a Raise. One Hiked Its Payout 17.5%11 Nov
  • Dividend Announcements: October 31-November 6, 2026 (Part 2 Of 2)8 Nov
  • Nelnet (NYSE:NNI) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened7 Nov
  • Nelnet Reports Third Quarter 2026 Results5 Nov
  • Emerson Among 14 Dividend Growth Companies To Announce Annual Dividend Increases In First Half Of November31 Oct
  • Dave (NASDAQ:DAVE) & Nelnet (NYSE:NNI) Head-To-Head Comparison19 Oct
  • Critical Review: Nelnet (NYSE:NNI) & OppFi (NYSE:OPFI)17 Oct
  • FACTS Introduces FACTS Compass™, a Scholarship Administration Platform for the Federal Scholarship Tax Credit15 Oct
  • Nelnet to Announce Third Quarter Results12 Oct
  • Nelnet Business Services Acquires International School Management Technology Provider, Entab5 Oct
  • Head-To-Head Review: Nelnet (NYSE:NNI) versus Upbound Group (NASDAQ:UPBD)21 Sep
  • Nelnet Board of Directors Appoints Two New Members16 Sep
  • Nelnet Accessibility Services Now on Civic Marketplace8 Sep
  • Head-To-Head Survey: Aiful (OTCMKTS:AIFLY) versus Nelnet (NYSE:NNI)2 Sep
  • Nelnet Campus Commerce and PayPal launch Digital Wallet Payments for Higher Education Tuition19 Aug

Mentions in Filings

  • #Navient Corp. 24,760 242,896 NB Bancorp, Inc. 10,476 227,539 NBT Bancorp, Inc. 15,401 684,266 \*NCR Atleos Corp. 20,621 769,163 <strong>Nelnet</strong>, Inc., Class A 3,458 456,110 \*NerdWallet, Inc., Class A 9,818 118,405 \*NI Holdings, Inc. 1,051 14,315 Nicolet Bankshares , Inc. 3,958 577,789 \*NMI Holdings, Inc., Class A 22,006 852,072 Northeast Bank 2,038 234,839 Northeast Community Bancorp, Inc. 1,548 …
    Dimensional ETF TrustNelnet Inc Class A·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … erved as a Director of Old Market Capital Corporation, formerly known as Nicholas Financial, Inc., a publicly traded company on the OTCID Market. From March 2022 through March 2026, Mr. Peterson served as a Director of <strong>Nelnet, Inc.</strong>, a publicly traded company on the New York Stock Exchange. From May 2016 through March 2021, Mr. Peterson served as a Director of Brampton Brick Ltd., a publicly traded Canadian company traded on the Toronto Stock Exch …
    BOSTON OMAHA CorpNelnet Inc Class A·DEF 14A - Definitive proxy statement·Q3 26·1 Jul
  • … ​ | ​ | | *(Dollars in thousands)* | ​ ​ ​ | ​ | ​ | | ​ | ​ | Fair | | | *December 31, 2025:* | ​ | Value | | | Issuer | ​ | ​ | ​ | | Sallie Mae Bank | ​ | $ | 23,354 | | Velocity Commercial Capital | ​ | ​ | 19,551 | | <strong>Nelnet</strong> Student Loan Trust | ​ | | 13,169 | ​ There were no proceeds from sales of Debt Securities Available-For-Sale for the quarter ended September 30, 2026 and 2025. Therefore, there were no gains or losses realized during t …
    FIRST KEYSTONE CORPNelnet Inc Class A·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … ederal Agricultural Mortgage Corp. Class C | 281,047 | 56,004 | | | S&T Bancorp Inc. | 1,140,806 | 55,991 | | \* | Triumph Financial Inc. | 719,713 | 54,921 | | | Dime Commercial Bancshares Inc. | 1,332,086 | 54,149 | | | <strong>Nelnet</strong> Inc. Class A | 402,552 | 53,672 | | | Hope Bancorp Inc. | 3,858,454 | 52,784 | | | Ellington Financial Inc. | 3,786,215 | 51,530 | | | German American Barcorp Inc. | 1,078,184 | 51,171 | | | ConnectOne Bancorp Inc. | 1,52 …
    バンガード・インデックス・ファンズNelnet Inc Class A·Interim Report - Semi-Annual Report (2026.01.01-2026.12.31)·30 Sep·29 Sep
  • … | 976,658 | 43,393 | | \* | Baldwin Insurance Group Inc. Class A | 1,561,216 | 41,497 | | | Walker & Dunlop Inc. | 749,142 | 40,978 | | | City Holding Co. | 307,203 | 40,747 | | | S&T Bancorp Inc. | 823,063 | 40,396 | | | <strong>Nelnet</strong> Inc. Class A | 290,693 | 38,758 | | \* | Palomar Holdings Inc. | 304,358 | 38,468 | | | Hope Bancorp Inc. | 2,789,259 | 38,157 | | | Kemper Corp. | 1,352,214 | 36,456 | | | Hilltop Holdings Inc. | 872,251 | 33,826 | | | A …
    バンガード・インデックス・ファンズNelnet Inc Class A·Interim Report - Semi-Annual Report (2026.01.01-2026.12.31)·30 Sep·29 Sep
  • … r 3 yrs old. Payoff not required. - xx/xx/xxxx Collection is over 3 years old. Please see borrowers explanation and old credit report that shows it was transferred to a new creditor but is the same collection account from <strong>nelnet</strong> - xx/xx/xxxx | Delinquent Credit History Meets Guideline Requirements - xx/xx/xxxx Documentation provided that the account is well over 3 yrs old. Payoff not required. - xx/xx/xxxx Collection is over 3 years old. Please s …
    Onslow Bay Funding LLCNelnet Inc Class A·EX-99.05 - ABS-15G - MAXWELL EXCEPTIONS REPORT·Q3 26·18 Aug

Key Stats

Trading

Px/Chg 1D$123.87 / +0.24%
Avg Volume147.73K
Beta0.25
Mkt Cap4.45B
FD Mkt Cap4.58B

Float

Shrs Out/Float35.93M / 22.81M
Short Float0.02%
Days to Cover2.83
Stock Repurchased$16.28M

Current Valuation

EV11.91B
EV/EBITDA15.12
EV/Sales5.57
P/B1.19
P/S2.08
FCF Yield1.38%
ROE1.91%
ROA0.50%
Current Ratio0.00

Dividend

Cash$0.33
Yield98.80%
Yield (TTM)98.80%

Estimates

P/E10.67
Est P/E0.00
Est EPS2.66
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings42.648.7140.3021.0080.6162.58
Price / Sales4.751.952.002.099.248.47
Price / Book Value1.171.111.111.151.261.19
Price / Free Cash Flow25.975.6810.086.0235.7972.30
ENTERPRISE VALUE METRICS
Enterprise Value13,699.618,066.015,226.411,930.111,369.011,906.6
Enterprise Value / Sales14.009.948.396.4622.5622.66
Enterprise Value / EBITDA51.4726.6471.1233.0465.3361.24
Enterprise Value / EBIT88.6236.00221.5952.1969.0564.28

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue12.4%1,417.81,816.91,814.41,846.72,263.4
Gross Income12%1,254.01,351.8961.11,111.51,969.9
EBITDA13.6%634.4678.1214.1361.11,056.9
EBIT19.5%502.1501.868.7228.61,023.3
Net Income2.2%393.3406.989.8184.0428.5
EPS (Diluted)3.2%10.2010.632.395.0211.58
BALANCE SHEET
Cash & ST Inv-2%1,055.21,507.21,106.01,178.4973.5
Total Assets-10.3%21,678.019,374.016,712.413,777.814,063.8
Total Liabilities-13.5%18,725.216,174.113,512.310,478.610,486.6
Total Shareholder Equity5.7%2,951.23,199.03,253.83,349.83,685.8
CASH FLOW
Net Operating Cash Flow-3.1%480.3684.1432.0662.9423.0
Cap Ex-18.3%-59.0-59.4-74.1-20.9-26.2
Free Cash Flow-1.5%421.4624.6358.9642.0396.7

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)125.15
Basic Shares35.93
Market Cap4,497.1
Diluted Shares35.85
Fully Diluted Shares Outstanding35.85
Fully Diluted Market Cap4,486.1
+Consolidated Debt6,769.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-211.0
−Short-term Investments-2,052.6
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-174.1
+Pension Liabilities—
Enterprise Value10,881.0

Segment data

Revenue

by Products and services

  • Loan Servicing And Systems Revenue31%
  • Education Technology Services And Payment Processing Services31%
  • Payment Processing12%
  • Education Technology Services10%
  • Tuition Payment Plan Services9%

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