v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Loans and accrued interest receivable $ 10,155,483 $ 9,992,744
Cash and cash equivalents:    
Cash and cash equivalents 225,753 194,518
Investments at fair value 1,286,729 1,160,320
Other investments and notes receivable, net 818,210 1,040,376
Total investments and notes receivable 2,104,939 2,200,696
Restricted cash 317,958 332,100
Restricted cash - due to customers 258,065 404,402
Accounts receivable (net of allowance for doubtful accounts of $2,999 and $2,877, respectively) 127,490 159,934
Goodwill 158,029 158,029
Intangible assets, net 33,278 36,328
Property and equipment, net 85,040 95,185
Other assets 245,053 203,817
Total assets 13,711,088 13,777,753
Liabilities:    
Bonds and notes payable 7,903,561 8,309,797
Accrued interest payable 19,296 21,046
Bank deposits 1,382,042 1,186,131
Other liabilities 494,387 483,193
Due to customers 429,109 478,469
Total liabilities 10,228,395 10,478,636
Commitments and contingencies
Nelnet, Inc. shareholders' equity:    
Preferred stock, $0.01 par value. Authorized 50,000,000 shares; no shares issued or outstanding 0 0
Common stock:    
Additional paid-in capital 637 7,389
Retained earnings 3,576,192 3,340,540
Accumulated other comprehensive (loss) earnings, net (2,208) 1,470
Total Nelnet, Inc. shareholders' equity 3,574,983 3,349,762
Noncontrolling interests (92,290) (50,645)
Total equity 3,482,693 3,299,117
Total liabilities and equity 13,711,088 13,777,753
Variable Interest Entity, Primary Beneficiary    
Assets:    
Loans and accrued interest receivable 8,783,481 9,122,609
Cash and cash equivalents:    
Restricted cash 297,566 287,389
Liabilities:    
Bonds and notes payable 8,198,240 8,452,614
Common stock:    
Accrued interest payable and other liabilities (70,575) (88,200)
Net assets of consolidated education and other lending variable interest entities 812,232 869,184
Class A    
Common stock:    
Common stock 255 256
Class B    
Common stock:    
Common stock 107 107
Nonrelated Party    
Cash and cash equivalents:    
Cash and cash equivalents 135,256 48,838
Related Party    
Cash and cash equivalents:    
Cash and cash equivalents $ 90,497 $ 145,680