Nelnet | 10-Q: FY2025 Q3 Revenue: USD 309.28 M

LB filings
2025.11.06 22:49

Revenue: As of FY2025 Q3, the actual value is USD 309.28 M.

EPS: As of FY2025 Q3, the actual value is USD 2.94, beating the estimate of USD 1.52.

EBIT: As of FY2025 Q3, the actual value is USD -61.7 M.

Loan Servicing and Systems Segment

  • Revenue: $151,052 for the three months ended September 30, 2025, compared to $108,175 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $392,517 compared to $344,428 in 2024.
  • Operating Expenses: Loan servicing contract fulfillment and acquisition costs were $2,021 for the three months ended September 30, 2025, compared to $196 for the same period in 2024. For the nine months ended September 30, 2025, these costs were $5,500 compared to $392 in 2024.

Education Technology Services and Payments Segment

  • Revenue: $129,321 for the three months ended September 30, 2025, compared to $118,179 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $394,836 compared to $378,627 in 2024.
  • Operating Expenses: Cost to provide education technology services and payments was $50,363 for the three months ended September 30, 2025, compared to $45,273 for the same period in 2024. For the nine months ended September 30, 2025, these costs were $138,254 compared to $134,106 in 2024.

Asset Generation and Management Segment

  • Revenue: Reinsurance premiums earned were $23,165 for the three months ended September 30, 2025, compared to $16,619 for the same period in 2024. For the nine months ended September 30, 2025, premiums were $73,964 compared to $44,250 in 2024.
  • Operating Expenses: Reinsurance losses and underwriting expenses were $19,962 for the three months ended September 30, 2025, compared to $16,761 for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $67,836 compared to $39,066 in 2024.

Nelnet Bank Segment

  • Revenue: Solar construction revenue was $5,738 for the three months ended September 30, 2025, compared to $19,321 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $10,992 compared to $42,741 in 2024.

Cash Flow

  • Operating Cash Flow: Net cash provided by operating activities was $285,370 for the nine months ended September 30, 2025, compared to $482,357 for the same period in 2024.
  • Investing Cash Flow: Net cash provided by investing activities was $519,047 for the nine months ended September 30, 2025, compared to $2,077,867 for the same period in 2024.
  • Financing Cash Flow: Net cash used in financing activities was - $968,931 for the nine months ended September 30, 2025, compared to - $2,686,900 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: Nelnet plans to continue focusing on its core business areas, including loan servicing and education technology services, with a strategic emphasis on expanding its market presence and improving operational efficiencies.
  • Non-Core Business: The company is exploring opportunities in solar construction and reinsurance, aiming to diversify its revenue streams and leverage emerging market trends.
Source: LB filings The copyright of this article belongs to the original author/organization.
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