NNINelnet, Inc.

$5B

Q2 2021 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$332M-13.1% YoY

Gross Profit

$282M84.8% margin

Operating Income

$109M32.9% margin

Net Income

$84M25.3% margin

EPS (Diluted)

$2.16

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$139M

Free Cash Flow

$128M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$23.0B

Total Liabilities

$20.2B

Stockholders' Equity

$2.8B

Cash & Equivalents

$213M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$332M	$382M	-13.1%
Gross Profit	$282M	$294M	-4.2%
Operating Income	$109M	$108M	+1.3%
Net Income	$84M	$86M	-3.0%

Revenue Segments

Loan Servicing And Systems Revenue

$112M30%

Education Technology Services And Payment Processing Services

$77M20%

Government Servicing - Great Lakes

$44M12%

Government Servicing - Nelnet

$35M9%

Tuition Payment Plan Services

$27M7%

Payment Processing

$25M7%

Education Technology And Services

$25M7%

Private Education And Consumer Loan Servicing

$13M3%

Outsourced Services Revenue And Other

$8M2%

Software Services

$7M2%

FFELP Servicing

$5M1%

Other Service Offering

$423,0000%