Nelnet Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	240.01	295.98	194.52	168.11	118.15	125.56
Securities and Investments	2,477	2,348	2,201	1,865	2,112	1,589
Net Loans	10,010	10,007	9,993	13,108	15,244	18,335
Net Property, Plant & Equipment	84.61	75.53	95.19	127.01	122.53	119.41
Accrued Interest and Accounts Receivable	196.91	193.45	159.93	196.2	194.85	163.32
Other Intangible Assets	97.58	29.28	36.33	44.82	63.5	52.03
Goodwill	203.93	158.03	158.03	158.03	176.9	142.09
Other Non-Earning Assets	868.06	599.2	608.22	556.61	397.15	409.53
Total Assets	14,178	14,064	13,778	16,712	19,374	21,678
Accounts Payable	544.44	457.84	478.47	425.51	348.32	366
Accrued Expenses	16.92	20.43	21.05	35.39	36.05	4.57
Long-Term Debt	7,699	7,781	8,310	11,828	14,637	17,631
Other Liabilities	566.62	558.18	483.19	479.39	461.26	379.23
Total Liabilities	10,572	10,487	10,479	13,512	16,174	18,725
Common Stock	0.36	0.36	0.36	0.37	0.37	0.38
Additional Paid-in Capital	1.54	1.48	7.39	3.1	1.11	1
Accumulated Other Comprehensive Income	-3.53	2.62	1.47	-20.12	-37.37	9.3
Retained Earnings	3,733	3,681	3,341	3,270	3,235	2,941
Total Common Shareholders' Equity	3,731	3,686	3,350	3,254	3,199	2,951
Minority Interest	-125.28	-108.56	-50.65	-53.64	0.94	1.63
Shareholders' Equity	3,606	3,577	3,299	3,200	3,200	2,953
Total Liabilities & Equity	14,178	14,064	13,778	16,712	19,374	21,678
Total Debt	7,699	7,781	8,310	11,828	14,637	17,631
Net Cash (Debt)	-7,699	-7,781	-8,310	-11,828	-14,637	-17,631
Net Cash Per Share	-212.44	-214.11	-226.78	-316.13	-389.26	-457.09
Book Value	3,731	3,686	3,350	3,254	3,199	2,951
Book Value Per Share	102.95	101.42	91.42	86.96	85.07	76.51
Tangible Book Value	3,430	3,498	3,155	3,051	2,959	2,757
Tangible Book Value Per Share	94.64	96.27	86.11	81.54	78.68	71.48

Updated May 7, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q