NNINelnet, Inc.

$5B

Q4 2020 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$289M-31.3% YoY

Gross Profit

$247M85.4% margin

Operating Income

$302M104.4% margin

Net Income

$235M81.2% margin

EPS (Diluted)

$6.10

QoQ Revenue Growth

-13.3%

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

$7M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$22.6B

Total Liabilities

$20.0B

Stockholders' Equity

$2.6B

Cash & Equivalents

$121M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$289M	$421M	-31.3%
Gross Profit	$247M	$260M	-5.0%
Operating Income	$302M	$51M	+494.2%
Net Income	$235M	$42M	+454.5%

Revenue Segments

Loan Servicing And Systems Revenue

$114M23%

Loan Servicing And Systems

$114M23%

Education Technology Services And Payment Processing Services

$65M13%

Government Servicing - Great Lakes

$43M9%

Government Servicing - Nelnet

$34M7%

Payment Processing

$26M5%

Tuition Payment Plan Services

$24M5%

Communications Services

$19M4%

Education Technology And Services

$15M3%

Outsourced Services Revenue And Other

$15M3%

Software Services

$10M2%

Private Education And Consumer Loan Servicing

$8M2%

FFELP Servicing

$5M1%

Investment Advice

$3M1%

Administrative Service

$3M1%

Other Service Offering

$393,0000%