NAVI

MKT CAP:$848M

Navient Corporation

Market Cap

$848M

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$8.95-$3.83 (-29.97%)

Apr 24, 2026

Company Details

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through three segments: Fed...

CEO

David L. Yowan

IPO Date

Apr 17, 2014

Website

www.navient.com

Key Metrics TTM

Revenue

$3.4B

-23.6% YoY

Net Income

-$69M

EPS (Diluted)

-$0.73

Free Cash Flow

$323M

Revenue / Share

$40.39

Gross Margin

29.6%

Operating Margin

15.7%

Net Margin

-2.0%

FCF Margin

9.6%

P/S

0.3x

P/E

—

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 26, 2026

$3.2B-23.7%EPS -$0.81

Q4 2025

Feb 26, 2026

$761M-22.1%EPS -$0.06

Q3 2025

Oct 29, 2025

$800M-20.4%EPS -$0.87

Q1 2025

Apr 30, 2025

$828M-28.7%EPS -$0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$841M	$515M	-$9M
Q1 22	$849M	$544M	$332M
Q2 22	$826M	$437M	$244M
Q3 22	$1.0B	$362M	$137M
Q4 22	$1.1B	$315M	$114M
Q1 23	$1.2B	$336M	$144M
Q2 23	$1.2B	$296M	$96M
Q3 23	$1.3B	$350M	$110M
Q4 23	$1.2B	$175M	-$36M
Q1 24	$1.2B	$275M	$88M
Q2 24	$1.1B	$233M	$48M
Q3 24	$1.0B	$135M	$12M
Q4 24	$977M	$206M	$26M
Q1 25	$828M	$126M	-$5M
Q3 25	$800M	-$7M	-$117M
Q4 25	$761M	$673M	$626M

Valuation

Quarter	P/S	P/E
Q4 21	0.9x	4.5x
Q1 22	0.8x	4.3x
Q2 22	0.6x	3.5x
Q3 22	0.5x	3.7x
Q4 22	0.6x	3.4x
Q1 23	0.5x	4.0x
Q2 23	0.5x	5.8x
Q3 23	0.4x	5.4x
Q4 23	0.4x	8.9x
Q1 24	0.4x	10.1x
Q2 24	0.3x	10.0x
Q3 24	0.4x	21.9x
Q4 24	0.3x	10.7x
Q1 25	0.4x	24.6x
Q3 25	0.4x	—
Q4 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$168M	$168M
Q1 22	-$109M	-$109M
Q2 22	$139M	$139M
Q3 22	$68M	$68M
Q4 22	$207M	$207M
Q1 23	$145M	$145M
Q2 23	$99M	$99M
Q3 23	$122M	$122M
Q4 23	$310M	$310M
Q1 24	$182M	$182M
Q2 24	$279M	$279M
Q3 24	-$10M	-$10M
Q4 24	$8M	$8M
Q1 25	$71M	$71M
Q3 25	$70M	$70M
Q4 25	$174M	$174M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	-7.1%	+26.7%
Q1 22	-14.8%	+1.0%
Q2 22	-2.7%	-4.4%
Q3 22	+22.7%	+44.2%
Q4 22	+34.7%	+19.9%
Q1 23	+36.5%	+96.3%
Q2 23	+48.4%	+94.2%
Q3 23	+26.2%	+33.2%
Q4 23	+1.6%	+16.5%
Q1 24	+0.3%	+5.8%
Q2 24	-11.1%	-7.8%
Q3 24	-22.8%	-16.6%
Q4 24	-15.1%	-19.9%
Q1 25	-28.7%	-22.4%
Q3 25	-26.6%	-12.0%
Q4 25	-24.3%	-86.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$4M	0.5%
Q1 22	$9M	1.1%
Q2 22	$3M	0.4%
Q3 22	$4M	0.4%
Q4 22	$3M	0.3%
Q1 23	$9M	0.8%
Q2 23	$8M	0.7%
Q3 23	$4M	0.3%
Q4 23	$3M	0.3%
Q1 24	$5M	0.4%
Q2 24	$7M	0.6%
Q3 24	$5M	0.5%
Q4 24	$6M	0.6%
Q1 25	$8M	1.0%
Q3 25	$4M	0.5%
Q4 25	$5M	0.7%

OpEx Breakdown

Quarter	G&A
Q4 21	$136M
Q1 22	$120M
Q2 22	$110M
Q3 22	$106M
Q4 22	$107M
Q1 23	$105M
Q2 23	$98M
Q3 23	$99M
Q4 23	$99M
Q1 24	$101M
Q2 24	$87M
Q3 24	$72M
Q4 24	$57M
Q1 25	$49M
Q3 25	$32M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$708M	$0	$708M
Q2 22	$976M	$0	$976M
Q3 22	$1.4B	$0	$1.4B
Q4 22	$1.5B	$0	$1.5B
Q1 23	$570M	$0	$570M
Q2 23	$1.3B	$0	$1.3B
Q3 23	$977M	$0	$977M
Q4 23	$839M	$0	$839M
Q1 24	$2.9B	$0	$2.9B
Q2 24	$1.1B	$0	$1.1B
Q3 24	$1.1B	$1.6B	$2.8B
Q4 24	$722M	$0	$722M
Q1 25	$642M	$0	$642M
Q2 25	$712M	$0	$712M
Q3 25	$571M	$0	$571M
Q4 25	$2.1B	$0	$2.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	154M	-7.9%	-18.2%
Q1 22	153M	-0.5%	-17.3%
Q2 22	147M	-3.9%	-16.5%
Q3 22	141M	-4.1%	-15.6%
Q4 22	134M	-5.0%	-12.8%
Q1 23	130M	-3.0%	-15.0%
Q2 23	125M	-3.8%	-15.0%
Q3 23	121M	-3.2%	-14.2%
Q4 23	122M	+0.8%	-9.0%
Q1 24	114M	-6.6%	-12.3%
Q2 24	112M	-1.8%	-10.4%
Q3 24	108M	-3.6%	-10.7%
Q4 24	109M	+0.9%	-10.7%
Q1 25	102M	-6.4%	-10.5%
Q3 25	99M	-3.1%	-11.7%
Q4 25	83M	-15.7%	-22.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$194.2K	4K
Q1 22	$196.1K	4K
Q2 22	$190.8K	4K
Q3 22	$238.1K	4K
Q4 22	$261.7K	4K
Q1 23	$267.7K	4K
Q2 23	$283.1K	4K
Q3 23	$300.5K	4K
Q4 23	$255.8K	5K
Q1 24	$258.2K	5K
Q2 24	$242.2K	5K
Q3 24	$223.3K	5K
Q4 24	$465.2K	2K
Q1 25	$394.3K	2K
Q3 25	$381.0K	2K
Q4 25	$1M	670

Revenue / Employee