15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $428M | — | — | 11.6% | 3.0% | $397M | $7.8B | $296M |
| 2024 | — | $184M | — | — | 5.5% | 1.3% | $642M | $8.3B | $195M |
| 2023 | — | $90M | — | — | 2.8% | 0.5% | $358M | $11.8B | $168M |
| 2022 | — | $407M | — | — | 12.7% | 2.1% | $624M | $14.6B | $118M |
| 2021 | — | $393M | — | — | 13.3% | 1.8% | $421M | $17.6B | $126M |
| 2020 | — | $352M | — | — | 13.4% | 1.6% | $236M | $19.3B | $121M |
| 2019 | — | $142M | — | — | 5.9% | 0.6% | $206M | $20.5B | $134M |
| 2018 | — | $228M | — | — | 9.9% | 0.9% | $146M | — | $121M |
| 2017 | $0 | $173M | — | — | 8.1% | 0.7% | $166M | — | $67M |
| 2016 | $0 | $257M | — | — | 12.5% | 0.9% | $233M | — | $70M |
| 2015 | $0 | $268M | — | — | 14.2% | 0.9% | $375M | — | $64M |
| 2014 | $0 | $308M | — | — | 17.8% | 1.0% | $331M | — | $130M |
| 2013 | $0 | $303M | — | — | 21.0% | 1.1% | $370M | — | $63M |
| 2012 | $0 | $178M | — | — | 15.3% | 0.7% | $289M | — | $66M |
| 2011 | $0 | $204M | — | — | 19.2% | 0.8% | $297M | — | $43M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $67M | — | — | 1.8% | 0.5% | $72M | $7.0B | $172M |
| Mar '26 | — | $71M | — | — | 1.9% | 0.5% | $62M | $7.7B | $240M |
| Dec '25 | — | $58M | — | — | 1.6% | 0.4% | $130M | $7.8B | $296M |
| Sep '25 | — | $107M | — | — | 2.9% | 0.8% | $101M | $7.8B | $216M |
| Jun '25 | — | $181M | — | — | 5.1% | 1.3% | $78M | $7.9B | $226M |
| Mar '25 | — | $83M | — | — | 2.4% | 0.6% | $88M | $8.7B | $221M |
| Dec '24 | — | $63M | — | — | 1.9% | 0.5% | $198M | $8.3B | $195M |
| Sep '24 | — | $2M | — | — | 0.1% | 0.0% | $133M | $8.9B | $220M |
| Jun '24 | — | $45M | — | — | 1.4% | 0.3% | $123M | $9.6B | $145M |
| Mar '24 | — | $73M | — | — | 2.2% | 0.5% | $188M | $10.6B | $180M |
| Dec '23 | — | -$8M | — | — | -0.2% | -0.0% | $58M | $11.8B | $168M |
| Sep '23 | — | $44M | — | — | 1.3% | 0.3% | $139M | $12.4B | $188M |
| Jun '23 | — | $27M | — | — | 0.8% | 0.2% | $63M | $13.1B | $122M |
| Mar '23 | — | $26M | — | — | 0.8% | 0.1% | $98M | $13.4B | $188M |
| Dec '22 | — | $31M | — | — | 1.0% | 0.2% | $12M | $14.6B | $118M |
| Sep '22 | — | $105M | — | — | 3.3% | 0.5% | $163M | $15.0B | $63M |
| Jun '22 | — | $85M | — | — | 2.7% | 0.4% | $190M | $16.1B | $128M |
| Mar '22 | — | $187M | — | — | 6.0% | 0.9% | $260M | $16.7B | $163M |
| Dec '21 | — | $133M | — | — | 4.5% | 0.6% | $127M | $17.6B | $126M |
| Sep '21 | — | $53M | — | — | 1.9% | 0.2% | $137M | $18.6B | $192M |
How the market has priced NNI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
See the revenue and net-income charts above for Nelnet Inc's multi-year trend.
As of FY2025, Nelnet Inc reported $7.8B of total debt against $296M of cash.
In FY2025, gross margin was —, operating margin —, and net margin —.
As of Sep '26, Nelnet Inc traded at a price-to-earnings ratio of about 10.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.