NNI FY 2023 Earnings — Nelnet, Inc. Revenue & Financial Results | Market Cap Arena

NNINelnet, Inc.

$5B

FY 2023 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$1.8B-0.1% YoY

Gross Profit

$961M53.0% margin

Operating Income

$69M3.8% margin

Net Income

$90M5.0% margin

EPS (Diluted)

$2.39

Cash Flow

Operating Cash Flow

$433M

Free Cash Flow

$359M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$16.7B

Total Liabilities

$13.5B

Stockholders' Equity

$3.3B

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.8B	-0.1%
Gross Profit	$961M	$1.4B	-28.9%
Operating Income	$69M	$502M	-86.3%
Net Income	$90M	$407M	-77.9%