Short answer
NELNET INC (NNI) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $206M (down 14.4% year over year) with net income of $107M.
Q3 2025 key financials · XBRL
- Revenue
- $206M
- −14.4% YoY · −3.0% QoQ
- Net income
- $107M
- +4367.5% YoY · −41.2% QoQ
- EPS (diluted)
- $2.94
- +4100.0% YoY · −41.0% QoQ
Source: XBRL data from the NELNET INC (NNI) Q3 2025 10-Q on SEC EDGAR. USD.
NELNET INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New solar tax equity risk triggered by One Big Beautiful Bill enacted July 4, 2025, accelerating phase-out of clean energy tax credits previously valid through 2032
- Material update: solar tax credit expiration accelerated, with construction start deadlines July 4, 2026, or service by Dec 31, 2027, impacting investment timing and project viability
- Regulatory risk: Bill’s new “foreign entity of concern” rules on post-2025 solar projects may increase supply chain costs and compliance expenses
- Operational risk: NRE solar construction paused new contract acceptance since Q2 2025 amid Bill uncertainty, tariffs, and rising costs, reducing near-term revenue and prompting strategic alternatives
- Financial risk: reduced solar tax credits limiting tax equity investment pool, adversely impacting revenue and capital deployment in solar segment
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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