NNI
Nelnet, Inc.
NYSEUSDEQUITY
DELAYED
Last price
127.03
▲ 0.43 (0.34%)
MARKET · —
Price
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Open
126.60
Prev close
126.60
Day high
128.88
Day low
126.00
Volume
125.98K
Market cap
—
P/E (TTM)
—
52W range
116.62 – 144.38
Trailing performance
Returnvs SPY
1W
-0.59%
+0.8%
1M
-3.47%
-7.2%
3M
-2.01%
-5.1%
6M
-2.60%
-13.7%
YTD
-4.46%
-16.7%
1Y
+0.81%
-19.2%
3Y
+35.59%
-38.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Free account
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.35B | $1.17B | $968.45M | $1.39B | +15.9% |
| Operating revenue | $1.35B | $1.17B | $968.45M | $1.39B | +15.9% |
| Selling, general & admin | $652.34M | $632.18M | $608.32M | $589.73M | +3.2% |
| Pre-tax income | $526.33M | $228.58M | $68.72M | $501.85M | +130.3% |
| Tax provision | $127.99M | $52.67M | $19.39M | $113.10M | +143.0% |
| Net income | $428.47M | $184.04M | $89.83M | $406.90M | +132.8% |
| Net income to common | $420.68M | $180.50M | $87.94M | $399.12M | +133.1% |
| Basic EPS | 11.79 | 5.02 | 2.40 | 10.83 | +134.9% |
| Diluted EPS | 11.79 | 5.02 | 2.40 | 10.83 | +134.9% |
| Basic shares | 36.34M | 36.64M | 37.42M | 37.60M | -0.8% |
| Diluted shares | 36.34M | 36.64M | 37.42M | 37.60M | -0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $295.98M | $194.52M | $168.11M | $118.15M | +52.2% |
| Accounts receivable | $193.45M | $159.93M | $196.20M | $194.85M | +21.0% |
| Property, plant & equipment | $75.53M | $95.19M | $127.01M | $122.53M | -20.6% |
| Goodwill & intangibles | $187.31M | $194.36M | $202.85M | $240.40M | -3.6% |
| Total assets | $14.06B | $13.78B | $16.71B | $19.37B | +2.1% |
| Current debt | $981.93M | $943.16M | $1.42B | $1.13B | +4.1% |
| Long-term debt | $6.80B | $7.37B | $10.20B | $12.94B | -7.7% |
| Total debt | $7.78B | $8.31B | $11.62B | $14.07B | -6.4% |
| Total liabilities | $10.49B | $10.48B | $13.51B | $16.17B | +0.1% |
| Retained earnings | $3.68B | $3.34B | $3.27B | $3.23B | +10.2% |
| Shareholder equity | $3.69B | $3.35B | $3.25B | $3.20B | +10.0% |
| Net tangible assets | $3.50B | $3.16B | $3.05B | $2.96B | +10.9% |
| Shares issued | 47.18M | 47.60M | 48.37M | 37.13M | -0.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $398.35M | $175.91M | $49.33M | $388.75M | — | +126.4% |
| Depreciation & amortisation | $90.62M | $132.53M | $145.39M | $176.25M | — | -31.6% |
| Stock-based compensation | — | $12.04M | $16.48M | $14.18M | $10.67M | — |
| Change in working capital | $110.25M | $334.74M | $133.91M | -$5.10M | — | -67.1% |
| Operating cash flow | $422.99M | $662.89M | $432.03M | $683.06M | — | -36.2% |
| Capital expenditure | -$26.24M | -$20.90M | -$74.05M | -$59.42M | — | -25.5% |
| Investing cash flow | $356.40M | $2.41B | $1.94B | $2.27B | — | -85.2% |
| Share buybacks | -$69.35M | -$83.29M | -$28.03M | -$97.69M | — | +16.7% |
| Dividends paid | -$42.99M | -$40.84M | -$39.42M | -$36.61M | — | -5.3% |
| Financing cash flow | -$737.14M | -$3.17B | -$2.70B | -$2.79B | — | +76.7% |
| Free cash flow | $396.75M | $641.99M | $357.98M | $623.64M | — | -38.2% |
| End cash position | $973.55M | $931.02M | $1.03B | $1.36B | — | +4.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $366.30M | $362.89M | $333.26M | $373.93M | $304.85M | +0.9% |
| Operating revenue | $366.30M | $362.89M | $333.26M | $373.93M | $304.85M | +0.9% |
| Selling, general & admin | $185.47M | $162.98M | $166.80M | $164.74M | $160.36M | +13.8% |
| Pre-tax income | $65.41M | $75.66M | $46.38M | $136.45M | $237.36M | -13.5% |
| Tax provision | $19.94M | $20.06M | $7.69M | $35.77M | $59.51M | -0.6% |
| Net income | $66.66M | $71.13M | $57.77M | $106.68M | $181.46M | -6.3% |
| Net income to common | $66.66M | $69.86M | $49.98M | $106.68M | $181.46M | -4.6% |
| Basic EPS | 1.85 | 1.97 | 1.60 | 2.94 | 4.97 | -6.1% |
| Diluted EPS | 1.85 | 1.97 | 1.60 | 2.94 | 4.97 | -6.1% |
| Basic shares | 36.04M | 36.08M | 36.09M | 36.32M | 36.49M | -0.1% |
| Diluted shares | 36.04M | 36.08M | 36.09M | 36.32M | 36.49M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $172.43M | $240.01M | $295.98M | $216.43M | $225.75M | -28.2% |
| Accounts receivable | $169.92M | $196.91M | $193.45M | $147.82M | $127.49M | -13.7% |
| Property, plant & equipment | $80.73M | $84.61M | $75.53M | $93.17M | $85.04M | -4.6% |
| Goodwill & intangibles | $302.84M | $301.51M | $187.31M | $189.78M | $191.31M | +0.4% |
| Total assets | $14.28B | $14.18B | $14.06B | $13.88B | $13.71B | +0.7% |
| Current debt | $1.22B | $1.24B | $981.93M | $1.16B | $621.34M | -1.3% |
| Long-term debt | $5.82B | $6.46B | $6.80B | $6.66B | $7.28B | -9.9% |
| Total debt | $7.04B | $7.70B | $7.78B | $7.82B | $7.90B | -8.5% |
| Total liabilities | $10.64B | $10.57B | $10.49B | $10.29B | $10.23B | +0.6% |
| Retained earnings | $3.77B | $3.73B | $3.68B | $3.65B | $3.58B | +1.0% |
| Shareholder equity | $3.77B | $3.73B | $3.69B | $3.65B | $3.57B | +1.1% |
| Net tangible assets | $3.47B | $3.43B | $3.50B | $3.46B | $3.38B | +1.1% |
| Shares issued | 35.93M | 47.26M | 47.18M | 47.30M | 47.50M | -24.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $45.47M | $55.60M | $38.69M | $100.68M | $177.85M | — | -18.2% |
| Depreciation & amortisation | $21.77M | $21.16M | $22.36M | $15.86M | $29.28M | — | +2.9% |
| Stock-based compensation | — | — | — | — | — | $3.09M | — |
| Change in working capital | -$859.00K | -$21.67M | -$32.23M | $12.75M | $145.02M | — | +96.0% |
| Operating cash flow | $77.89M | $73.11M | $137.62M | $112.44M | $81.76M | — | +6.5% |
| Capital expenditure | -$6.33M | -$11.55M | -$7.49M | -$11.67M | -$3.70M | — | +45.2% |
| Investing cash flow | -$65.95M | $31.09M | -$162.64M | -$190.78M | $573.47M | — | -312.1% |
| Share buybacks | -$24.35M | -$16.28M | -$16.25M | -$27.27M | -$21.36M | — | -49.6% |
| Dividends paid | -$11.82M | -$11.83M | -$11.84M | -$10.84M | -$10.16M | — | +0.1% |
| Financing cash flow | $134.52M | -$244.18M | $231.79M | $43.41M | -$685.89M | — | +155.1% |
| Free cash flow | $71.57M | $61.56M | $130.12M | $100.77M | $78.06M | — | +16.2% |
| End cash position | $966.31M | $830.52M | $973.55M | $766.80M | $801.78M | — | +16.3% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
126.47
+0.44% from price
SMA 20
131.08
-3.09% from price
SMA 50
131.81
-3.63% from price
SMA 100
132.29
-3.97% from price
SMA 200
131.89
-3.69% from price
EMA 12
128.07
-0.81% from price
EMA 26
130.03
-2.31% from price
EMA 50
131.06
-3.07% from price
RSI (14)
40.3
Neutral
MACD (12,26,9)
-1.96
Hist -0.51
ATR (14)
4.08
3.21% of price
Realised vol 30D
20.9%
Annualised
Bollinger upper
140.74
20, 2σ
Bollinger lower
121.43
20, 2σ
50 / 200 cross
Death
131.81 vs 131.89
Trend bias
Below 200
-3.69%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.22
Less volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
20.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-15.3%
Peak to trough
Max drawdown 5Y
-25.5%
Peak to trough
ATR 14
4.08
3.21% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
Nelnet, PayPal Launch Tuition Digital Wallet Payments
MT Newswires · 3d ago
Nelnet Campus Commerce and PayPal launch Digital Wallet Payments for Higher Education Tuition
PR Newswire · 3d ago
PayPal (PYPL) Brings Tuition Payments To U.S. Campuses Through New Integrations
Simply Wall St. · 3d ago
Nelnet (NYSE:NNI) Misses Q2 CY2026 Revenue Estimates
StockStory · 16d ago
Nelnet Q2 Adjusted Earnings, Revenue Fall
MT Newswires · 16d ago
Nelnet: Q2 Earnings Snapshot
Associated Press · 16d ago
Nelnet Reports Second Quarter 2026 Results
PR Newswire · 16d ago
Nelnet to Announce Second Quarter Results
PR Newswire · 36d ago
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