Nelnet, Inc. (NNI)

Nelnet Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	172.43	295.98	194.52	168.11	118.15	125.56
Long-Term Investments	2,243	1,945	1,853	1,568	1,862	1,422
Trading Asset Securities	2.78	0.61	3.23	0.45	-	-
Loans & Lease Receivables	10,033	10,234	10,239	13,387	15,414	18,455
Other Receivables	169.92	278.35	221.73	263.6	194.85	171.42
Property, Plant & Equipment	80.73	85.21	106.2	140.57	137.38	133.73
Goodwill	206.84	158.03	158.03	158.03	176.9	142.09
Other Intangible Assets	96	29.28	36.33	44.82	63.5	52.03
Restricted Cash	793.88	677.56	736.5	857.38	1,239	1,069
Long-Term Deferred Tax Assets	-	72.6	21	21.8	34.4	27.3
Long-Term Deferred Charges	-	23.8	21.1	-	-	-
Other Long-Term Assets	476.29	263.48	187.66	102.71	133.95	80.4
Total Assets	14,275	14,064	13,778	16,712	19,374	21,678

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Bearing Deposits	3,059	2,127	1,665	1,169	1,040	710.32
Total Deposits	3,059	2,127	1,665	1,169	1,040	710.32
Accrued Expenses	16.27	20.43	21.05	35.39	36.05	4.57
Short-Term Debt	0.3	1.73	0.05	12.04	395.43	-
Current Portion of Long-Term Debt	-	0.1	-	208.16	64.36	253.97
Current Portion of Leases	-	4.74	-	-	-	-
Long-Term Debt	7,043	7,781	8,310	11,610	14,177	17,377
Long-Term Leases	-	8.29	11.52	14.29	16.41	15.9
Long-Term Unearned Revenue	-	92.52	88.29	72.55	56.65	41.17
Current Income Taxes Payable	-	-	-	-	5.2	-
Long-Term Deferred Tax Liabilities	-	38.2	30.4	72.9	140.1	117.9
Other Long-Term Liabilities	520.75	412.7	352.93	317.67	242.89	204.26
Total Liabilities	10,640	10,487	10,479	13,512	16,174	18,725

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.36	0.36	0.36	0.37	0.37	0.38
Additional Paid-In Capital	1.78	1.48	7.39	3.1	1.11	1
Retained Earnings	3,770	3,681	3,341	3,270	3,235	2,941
Comprehensive Income & Other	-1.85	2.62	1.47	-20.12	-37.37	9.3
Total Common Equity	3,771	3,686	3,350	3,254	3,199	2,951
Minority Interest	-135.1	-108.56	-50.65	-53.64	0.94	1.63
Shareholders' Equity	3,635	3,577	3,299	3,200	3,200	2,953
Total Liabilities & Equity	14,275	14,064	13,778	16,712	19,374	21,678

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	7,043	7,796	8,321	11,845	14,654	17,647
Net Cash (Debt)	-6,868	-7,499	-8,124	-11,676	-14,535	-17,521
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-190.10	-206.35	-221.70	-312.06	-386.55	-454.24
Filing Date Shares Outstanding	35.78	35.87	36.29	37.04	37.14	37.78
Total Common Shares Outstanding	35.78	35.88	36.29	37.06	37.13	37.92
Working Capital	8,096	9,332	9,709	13,252	15,426	18,852
Book Value Per Share	105.38	102.74	92.30	87.79	86.16	77.83
Tangible Book Value	3,468	3,498	3,155	3,051	2,959	2,757
Tangible Book Value Per Share	96.92	97.51	86.94	82.32	79.68	72.72

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

Data Sources Report a data error