NELNET INC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Operating expenses | $927.1M | $882.9M | $892.4M | $834.4M | $726.3M |
| Cash from operations | $423.0M | $662.9M | $432.0M | $683.1M | $480.3M |
| Capital expenditure | $26.2M | $20.9M | $74.1M | $59.4M | $59.0M |
| Free cash flow | $396.7M | $642.0M | $358.0M | $623.6M | $421.4M |
| Share repurchases | $69.3M | $83.3M | $28.0M | $97.7M | $58.1M |
| Impairments | $29.6M | $3.1M | $31.9M | $15.5M | $16.4M |
| Total assets | $14.1B | $13.8B | $16.7B | $19.4B | $21.7B |
| Total liabilities | $10.5B | $10.5B | $13.5B | $16.2B | $18.7B |
| Total debt | $7.8B | $8.4B | $11.9B | $14.8B | $17.8B |
Shares outstanding 35.9M
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.