NNINelnet, Inc.

$5B

Q1 2021 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$339M-12.1% YoY

Gross Profit

$328M96.8% margin

Operating Income

$158M46.6% margin

Net Income

$124M36.5% margin

EPS (Diluted)

$3.20

QoQ Revenue Growth

+17.0%

Cash Flow

Operating Cash Flow

$49M

Free Cash Flow

$31M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$22.2B

Total Liabilities

$19.4B

Stockholders' Equity

$2.8B

Cash & Equivalents

$144M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$339M	$386M	-12.1%
Gross Profit	$328M	$175M	+87.3%
Operating Income	$158M	-$50M	+416.2%
Net Income	$124M	-$41M	+404.9%

Revenue Segments

Loan Servicing And Systems Revenue

$112M27%

Education Technology Services And Payment Processing Services

$95M23%

Government Servicing - Great Lakes

$43M10%

Government Servicing - Nelnet

$35M8%

Payment Processing

$33M8%

Education Technology And Services

$32M8%

Tuition Payment Plan Services

$30M7%

Outsourced Services Revenue And Other

$12M3%

Private Education And Consumer Loan Servicing

$9M2%

Software Services

$8M2%

FFELP Servicing

$5M1%

Other Service Offering

$348,0000%