v3.25.2
Impairment Expense and Provision for Beneficial Interests
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Impairment Expense, Provision for Beneficial Interests Impairment Expense and Provision for Beneficial Interests
The following table presents the impairment charges and provision for beneficial interests by asset and reportable operating segment recognized by the Company. These expense items are included in “impairment expense and provision for beneficial interests” in the consolidated statements of income.
Nelnet Financial Services
Loan Servicing and SystemsEducation Technology Services and PaymentsAsset
Generation and
Management		Nelnet BankNFS Other Operating SegmentsCorporate and Other ActivitiesTotal
Three months ended June 30, 2025
Investments - beneficial interest in loan securitizations (a)$— — 4,977 — — — 4,977 
Leases, buildings, and associated improvements (b)— — — — — 3,269 3,269 
Property and equipment - solar facilities (c)— — — — — 1,902 1,902 
Investments - venture capital— — — — — 140 140 
$— — 4,977 — — 5,311 10,288 
Three months ended June 30, 2024
Investments - beneficial interest in loan securitizations (a)$— — 5,911 — — — 5,911 
Property and equipment - solar facilities (c)— — — — — 1,170 1,170 
Other assets - solar inventory (c)— — — — — 695 695 
$— — 5,911 — — 1,865 7,776 
Six months ended June 30, 2025
Investments - beneficial interest in loan securitizations (a)$— — 6,487 — — — 6,487 
Leases, buildings, and associated improvements (b)— — — — 81 3,269 3,350 
Property and equipment - solar facilities (c)— — — — — 1,902 1,902 
Investments - venture capital— — — — — 140 140 
$— — 6,487 — 81 5,311 11,879 
Six months ended June 30, 2024
Investments - beneficial interest in loan securitizations (a)$— — 5,911 — — — 5,911 
Property and equipment - solar facilities (c)— — — — — 1,170 1,170 
Other assets - solar inventory (c)— — — — — 695 695 
Investments - venture capital— — — — — 37 37 
$— — 5,911 — — 1,902 7,813 
(a)     The Company recorded a non-cash allowance for credit losses (and related provision expense) related to the Company's beneficial interest in certain loan securitizations due primarily to an increase in cumulative loss expectations. See note 6 for additional information.
(b)    The Company recorded non-cash impairment charges related to operating lease assets and associated leasehold improvements as a result of the Company consolidating office space.
(c)    In the second quarter of 2025, the Company received notification of a customer contract cancellation. As a result, the Company recorded an impairment charge related to construction in progress for a solar facility.
In April 2024, the Company announced a change in its solar engineering, procurement, and construction (EPC) operations to focus exclusively on the commercial solar market and discontinued its residential solar operations. As a result, the Company recognized non-cash impairment charges on certain solar facilities and inventory related to the residential solar operations.