NNI at a glance
NELNET INC (NNI, SEC CIK 1258602) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 16, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NELNET INC (NNI) reported revenue of $851.5 million (down 12.5% from FY2024) and net income of $428.5 million. Diluted EPS was $11.79.
- As of June 30, 2026, 28 institutional investment managers tracked by SignalX reported holding NELNET INC (NNI) shares worth $749.5 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $851.5M
- −12.5% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 28 funds
- $749.5M · +0 vs prior quarter
- Latest 8-K
- Sep 16, 2026
- Item 7.01 · Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: education-focused consumer lending and loan servicing with technology-enabled services and payments
- New emphasis: expansion of private education and consumer loan portfolios via Nelnet Bank launched in 2020
- Strategic shift: reduced reliance on $7.6B FFELP loan portfolio by broadening services and acquisitions
- Key metric: servicing $486.2B in loans for 13.2M borrowers as of Dec 31, 2025
- Noteworthy fact: continued servicing federally owned student loans since 2009 despite FFELP originations ending in 2010
Risk Factors
- Regulatory risk from Payment Card Industry Data Security Standard (PCI DSS) compliance with ongoing external auditor assessments
- Geopolitical risk exposure via third-party vendor attack surfaces continuously monitored for potential threats impacting operations
- Operational risk from dependency on effective vulnerability management and timely patching by internal teams to prevent security breaches
- Market disruption risk from evolving cybersecurity threats requiring advanced tools and continuous adaptation of security architecture
- Financial risk due to potential audit findings by internal and external cybersecurity auditors affecting compliance and operational costs
Management Discussion & Analysis
- Revenue $1.43B ($509M Loan Servicing + $507M Education Tech), up ~3.4% YoY from $969M in 2024 fee-based segments
- Net income $428.5M, up 133% YoY from $184.0M; operating margin ~30.3% ($428.5M/$1.414B total revenue) unchanged from 2024 (approx.)
- Best segment: ALLO investment gain $194.9M in 2025 vs $8.1M in 2024; Worst segment: Nelnet Renewable Energy loss $57.5M vs $36M loss in 2024
- Cash inflow from ALLO redemption $410.9M; Venture capital proceeds $10.1M; sold NRE business; No explicit capex/dividends/buybacks detailed
- 2026 outlook: Acquired Canadian student loan servicing for $95.7M; expects tax rate 22.5%-24.5%; risk from declining FFELP loan portfolio and renewable energy challenges
AI summary of the NNI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Share repurchases 190,281 shares for $24.353 million in quarter ended June 30, 2026
- Average repurchase price $127.99 per share, including excise taxes
- Total repurchases 316,600 shares for $40.633 million across disclosed quarters
- Second quarter dividend $0.33 per share paid June 15, 2026
- Third quarter dividend $0.33 per share declared, payable September 15, 2026
Risk Factors
- No risk-factors section provided; supplied text covers stock repurchases and other disclosures
- Dividend restrictions from $435.0 million credit line and subsidiary financing agreements
- Regulatory dividend limitations affecting Nelnet Bank and captive insurance subsidiaries
- Repurchase authorization: 4,219,239 shares remaining through May 8, 2028
- Former President Timothy Tewes adopted a 30,000-share Rule 10b5-1 sale plan before June 30 retirement
AI summary of the NNI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Nelnet furnished a September 16, 2026 press release announcing two new board appointments
- Board expansion may affect governance, oversight, and strategic direction
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Board expanded from 8 to 10 directors, adding Angela Klein and Edward Pallesen
- Klein and Pallesen designated independent under NYSE governance standards
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release issued August 6, 2026 and furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 2026 GAAP net income $66.7M, or $1.85/share, versus $181.5M, or $4.97/share, largely reflecting the prior-year $175.0M ALLO redemption gain
- Core net income excluding derivative adjustments $63.9M, or $1.77/share, versus $184.4M, or $5.05/share
Item 7.01: Regulation FD Disclosure
- Nelnet Bank filed its Q2 2026 FFIEC 051 Call Report with the FDIC on July 29, 2026
- Report covers the quarter ended June 30, 2026 and provides bank-level regulatory financial data
AI summaries of NNI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NNI
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- Fund moves. Which tracked funds opened, added or cut NNI, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Pallesen Edward Sysel | A | Sep 15, 2026 | 1,046 | $108.37 |
| Graff David S | A | Sep 15, 2026 | 93 | $108.37 |
| Farrell Kathleen Anne | A | Sep 15, 2026 | 185 | $108.37 |
| KLEIN ANGIE J | A | Sep 15, 2026 | 1,108 | $108.37 |
| Rath Kimberly Kay | A | Sep 15, 2026 | 93 | $108.37 |
| Kruger James D | G | Jul 9, 2026 | 2,500 | - |
| Bansal Preeta D | A | Jun 15, 2026 | 1,626 | $110.76 |
| Graff David S | A | Jun 15, 2026 | 1,535 | $110.76 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $1.1B | $973.4M | $851.5M |
| Net Income | $91.5M | $184.0M | $428.5M |
| Net Margin | 8.2% | 18.9% | 50.3% |
| Balance Sheet | |||
| Total Assets | $16.7B | $13.8B | $14.1B |
| Equity | $3.3B | $3.3B | $3.7B |
| ROE | 2.8% | 5.5% | 11.6% |
| Per Share | |||
| EPS | $2.45 | $5.02 | $11.79 |
| Cash Flow | |||
| Operating CF | $433.0M | $662.9M | $423.0M |
| CapEx | - | $20.9M | $26.2M |
Source: XBRL data in NELNET INC (NNI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NNI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 28 | $749.5M |
| Q1 2026 | 28 | $672.4M |
| Q4 2025 | 24 | $689.7M |
| Q3 2025 | 25 | $726.3M |
| Q2 2025 | 24 | $692.4M |
| Q1 2025 | 19 | $509.5M |
| Q4 2024 | 17 | $447.8M |
| Q3 2024 | 12 | $326.5M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 177 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NNI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 10, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| SC 13G | Jun 5, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 4 | May 4, 2026 | - | - | - |
| 8-K | Apr 30, 2026 | - | Analysis | - |
| 4 | Apr 17, 2026 | - | - | - |
| 8-K | Apr 2, 2026 | - | Analysis | - |
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NNI SEC filings: frequently asked questions
Which institutions hold NNI stock?
As of June 30, 2026, the largest NELNET INC (NNI) holders among the 13F filers tracked by SignalX were Dimensional Fund Advisors ($247.0 million), BlackRock ($155.0 million), Vanguard Portfolio Management LLC ($92.7 million), Vanguard Capital Management LLC ($78.0 million), State Street Corp ($48.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NNI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NELNET INC (NNI) reported revenue of $851.5 million (down 12.5% from FY2024) and net income of $428.5 million. Diluted EPS was $11.79. The figures come from the XBRL data in the 10-K.
What are the main risks in NNI's latest 10-K?
In the 10-K filed February 26, 2026, NELNET INC (NNI) flagged: Regulatory risk from Payment Card Industry Data Security Standard (PCI DSS) compliance with ongoing external auditor assessments. Geopolitical risk exposure via third-party vendor attack surfaces continuously monitored for potential threats impacting operations. (AI summary of the Risk Factors section.)
What did NNI report in its latest 8-K?
NELNET INC (NNI) filed an 8-K on September 16, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). Nelnet furnished a September 16, 2026 press release announcing two new board appointments.
What are the latest NNI SEC filings?
NELNET INC (NNI) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 16, 2026 and a Form 4 insider filing on September 16, 2026.
What is NNI's SEC CIK number?
NELNET INC (NNI)'s SEC Central Index Key (CIK) is 1258602. EDGAR lists every NNI filing under that number.
Ask anything about NNI
The research agent reads NNI's filings, financials, insider trades and 13F holders, then answers with sources.