Feed / NNI

Nelnet, Inc.

NNI

Financial Services · 125.81 +0.1% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Nelnet, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+0.1% todayVolume comparison unavailable
Market group0 of 1 activeCredit Services · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Variable loan spread increased to 2.39% in Q1 2026 (from 1.12% in Q1 2025); loan spread reported 2.47% vs 1.16%.

Invalidation: The isolated read changes if NNI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Credit Services

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Variable loan spread increased to 2.39% in Q1 2026 (from 1.12% in Q1 2025); loan spread reported 2.47% vs 1.16%.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations327
Usable filing statements284
Verified relationships2
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

125.81
6m-3.5%12m+0.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2011-12-31$0$4.23
2012-12-31$0$3.74-1.7%
2013-12-31$0
2014-12-31$0

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
Total interest expense 87,425 120,066 182,981 234,369 Net interest income 63,166 49,875 130,622 102,810 Less provision for loan losses 41,326 11,133 89,792 24,144 The increase was driven by the establishment of an initial allowance for loans acquired during t…
10-Q · Aug 6, 2026
Restructuring and cost reductionsnegative · 3 filings
These factors were partially offset by: • An increase in net income; • Adjustments to net income for certain non-cash items, including derivative market value adjustments, impairment expense, deferred taxes, and provision for loan losses; and • The impact of…
10-K · Feb 26, 2026
Legal and regulatory exposurenegative · 1 filings
The Company’s maximum exposure to loss from these unconsolidated VIEs include the equity contributed, unfunded capital commitments, and previously recorded tax credits which remain subject to recapture by taxing authorities based on compliance features requir…
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales · EV/sales . Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

125.81+0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NNI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NNI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NNI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

SOFI45.4% of NNIcustomerNov 6, 2025

Private education and consumer loan servicing 22,733 12,959 45,426 25,577 Increase was due to an increase in loan servicing volume from the conversion of Discover Financial Services and SoFi Lending Corp.

FISIFiling-linked namepartnerFeb 26, 2026

As a third‑party service provider to financial institutions, the Company is subject to oversight expectations established by the Federal Financial Institutions Examination Council (FFIEC).

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NNI is currently a Leader in the organic co-movement group Credit Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for NNI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.