NNINelnet, Inc.

$5B

Q4 2021 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$421M+45.5% YoY

Gross Profit

$374M88.9% margin

Operating Income

$168M39.9% margin

Net Income

$133M31.5% margin

EPS (Diluted)

$3.46

QoQ Revenue Growth

+31.7%

Cash Flow

Operating Cash Flow

$155M

Free Cash Flow

$139M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$21.7B

Total Liabilities

$18.7B

Stockholders' Equity

$3.0B

Cash & Equivalents

$126M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$421M	$289M	+45.5%
Gross Profit	$374M	$247M	+51.4%
Operating Income	$168M	$302M	-44.3%
Net Income	$133M	$235M	-43.5%

Revenue Segments

Loan Servicing And Systems

$150M23%

Loan Servicing And Systems Revenue

$150M23%

Education Technology Services And Payment Processing Services

$81M12%

Government Servicing - Nelnet

$60M9%

Government Servicing - Great Lakes

$60M9%

Administrative Service

$35M5%

Payment Processing

$29M4%

Education Technology And Services

$27M4%

Tuition Payment Plan Services

$24M4%

Private Education And Consumer Loan Servicing

$13M2%

Software Services

$12M2%

FFELP Servicing

$4M1%

Outsourced Services Revenue And Other

$2M0%

Investment Advice

$1M0%

Other Service Offering

$471,0000%