NNI · XBRL financial data

Nelnet financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NNI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cost of goods and services sold	105	109	168	220	252	226
Total operating expenses	781	726	834	861	880	927
Interest income	25	41	92	178	186	165
Interest expense	330	176	430	845	—	—
Income tax expense (benefit)	101	116	113	20	53	128
Net income (loss)	352	393	407	92	184	428
Earnings per share, basic USD per share	9.02	10.20	10.83	2.45	5.02	11.79
Earnings per share, diluted USD per share	9.02	10.20	10.83	2.45	5.02	11.79
Weighted average shares, basic millions of shares	39	39	38	37	37	36
Weighted average shares, diluted millions of shares	39	39	38	37	37	36

Fiscal years (NNI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	121	126	118	168	195	296
Property and equipment, net	124	119	123	127	95	76
Right-of-use asset	18	14	15	14	11	10
Goodwill	142	142	177	158	158	158
Total assets	22,646	21,678	19,374	16,737	13,778	14,064
Total deposits	55	344	691	744	1,186	1,669
Total liabilities	20,018	18,725	16,174	13,515	10,479	10,487
Retained earnings	2,622	2,941	3,235	3,279	3,341	3,681
Total stockholders' equity	2,632	2,951	3,199	3,263	3,350	3,686
Total liabilities and equity	22,646	21,678	19,374	16,737	13,778	14,064

Fiscal years (NNI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	352	393	407	92	184	428
Stock-based compensation	17	11	14	16	12	13
Depreciation and amortization	198	132	176	145	133	91
Net cash from operating activities	213	545	684	433	663	423
Purchases of property and equipment	113	59	59	74	21	26
Net cash from investing activities	621	1,186	2,272	1,938	2,413	356
Proceeds from issuing common stock	2	1	2	2	2	2
Share repurchases	73	58	98	28	83	69
Dividends paid	32	34	37	39	41	43
Net cash from financing activities	(1,098)	(1,495)	(2,792)	(2,703)	(3,170)	(737)
Net change in cash	(264)	236	163	(332)	(94)	43

SIC 6141 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6141 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Nelnet	172	not reported	78*	not reported	Q2 FY26 10-QJun 30, 2026
Bread Financial Holdings	3,961	1,017	601*	38.0M	Q3 FY26 10-QSep 30, 2026
Credit Acceptance	1.3	595	336*	10.1M	Q3 FY26 10-QSep 30, 2026
Happen	15	263	(692)*	115.2M	Q3 FY26 10-QSep 30, 2026
OneMain Holdings	936	not reported	not reported	114.5M	Q3 FY26 10-QSep 30, 2026
SLM	2,165	not reported	(106)*	182.8M	Q3 FY26 10-QSep 30, 2026
World Acceptance	10	139	64	4.7M	Q1 FY27 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.