NNINelnet, Inc.

$5B

Q3 2021 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$320M-4.3% YoY

Gross Profit

$264M82.5% margin

Operating Income

$67M20.9% margin

Net Income

$53M16.6% margin

EPS (Diluted)

$1.38

QoQ Revenue Growth

-3.7%

Cash Flow

Operating Cash Flow

$151M

Free Cash Flow

$137M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$22.4B

Total Liabilities

$19.5B

Stockholders' Equity

$2.9B

Cash & Equivalents

$192M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$320M	$334M	-4.3%
Gross Profit	$264M	$281M	-6.3%
Operating Income	$67M	$90M	-26.0%
Net Income	$53M	$72M	-25.7%

Revenue Segments

Loan Servicing And Systems Revenue

$112M28%

Education Technology Services And Payment Processing Services

$85M22%

Government Servicing - Great Lakes

$46M12%

Payment Processing

$40M10%

Government Servicing - Nelnet

$38M10%

Tuition Payment Plan Services

$24M6%

Education Technology And Services

$21M5%

Private Education And Consumer Loan Servicing

$13M3%

Software Services

$7M2%

FFELP Servicing

$5M1%

Outsourced Services Revenue And Other

$4M1%

Other Service Offering

$756,0000%