NNI Q4 2023 Earnings — Nelnet, Inc. Revenue & Financial Results | Market Cap Arena

NNINelnet, Inc.

$5B

Q4 2023 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$429M-9.3% YoY

Gross Profit

$213M49.6% margin

Operating Income

-$40M-9.2% margin

Net Income

-$9M-2.0% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

-10.7%

Cash Flow

Operating Cash Flow

$80M

Free Cash Flow

$58M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$16.7B

Total Liabilities

$13.5B

Stockholders' Equity

$3.3B

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$429M	$473M	-9.3%
Gross Profit	$213M	$264M	-19.2%
Operating Income	-$40M	$33M	-218.5%
Net Income	-$9M	$31M	-127.8%

Revenue Segments

Loan Servicing And Systems Revenue

$129M60%

Payment Processing

$37M17%

Tuition Payment Plan Services

$30M14%

Private Education And Consumer Loan Servicing

$12M6%

Software Services

$4M2%

Other Service Offering

$862,0000%