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10-K

Annual Report

NELNET, INC. NNI

0001258602-26-000014

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Filed
Feb 26, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 36.34M sh
Shares Diluted FY 2025 · Dec 31, 2024 36.64M sh
Shares Diluted FY 2025 · Dec 31, 2023 37.42M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $69.35M
Stock Repurchased FY 2025 · Dec 31, 2024 $83.29M
Stock Repurchased FY 2025 · Dec 31, 2023 $28.03M
Dividends Paid FY 2025 · Dec 31, 2025 $42.99M
Dividends Paid FY 2025 · Dec 31, 2024 $40.84M
Dividends Paid FY 2025 · Dec 31, 2023 $39.42M
Capex FY 2025 · Dec 31, 2025 $26.24M
Capex FY 2025 · Dec 31, 2024 $20.9M
Capex FY 2025 · Dec 31, 2023 $74.05M
Operating Cash Flow FY 2025 · Dec 31, 2025 $422.99M
Operating Cash Flow FY 2025 · Dec 31, 2024 $662.89M
Operating Cash Flow restated FY 2025 · Dec 31, 2023 $432.03M
Long Term Debt FY 2025 · Dec 31, 2025 $7.78B
Long Term Debt FY 2025 · Dec 31, 2024 $8.31B
Cash And Equivalents FY 2025 · Dec 31, 2025 $295.98M
Cash And Equivalents FY 2025 · Dec 31, 2024 $194.52M
Cash And Equivalents FY 2025 · Dec 31, 2023 $168.11M
Cash And Equivalents FY 2025 · Dec 31, 2022 $118.15M
Stockholders Equity FY 2025 · Dec 31, 2025 $3.69B
Stockholders Equity FY 2025 · Dec 31, 2024 $3.35B
Total Liabilities FY 2025 · Dec 31, 2025 $10.49B
Total Liabilities FY 2025 · Dec 31, 2024 $10.48B
Total Assets FY 2025 · Dec 31, 2025 $14.06B
Total Assets FY 2025 · Dec 31, 2024 $13.78B
Total Assets restated FY 2025 · Dec 31, 2023 $16.71B
Eps Diluted FY 2025 · Dec 31, 2025 $11.79
Eps Diluted FY 2025 · Dec 31, 2024 $5.02
Eps Diluted restated FY 2025 · Dec 31, 2023 $2.40
Eps Basic FY 2025 · Dec 31, 2025 $11.79
Eps Basic FY 2025 · Dec 31, 2024 $5.02
Eps Basic restated FY 2025 · Dec 31, 2023 $2.40
Net Income FY 2025 · Dec 31, 2025 $428.47M
Net Income FY 2025 · Dec 31, 2024 $184.05M
Net Income restated FY 2025 · Dec 31, 2023 $89.83M
Cost Of Revenue FY 2025 · Dec 31, 2025 $226.27M
Cost Of Revenue FY 2025 · Dec 31, 2024 $252.33M
Cost Of Revenue FY 2025 · Dec 31, 2023 $219.76M