Balance Sheet
Cash Flow Statement
AcquisitionsAsset Writedowns and ImpairmentAsset Writedowns and ImpairmentCapital ExpendituresCapital ExpendituresCash from Financing ActivitiesCash from Financing ActivitiesCash from Investing ActivitiesCash from Investing ActivitiesCash from OperationsCash from OperationsChange in Accured ExpensesChange in Accured ExpensesChange in Acquisitions & DivestmentsChange in Acquisitions & DivestmentsChange in CashChange in Interest ReceivablesChange in ReceivablesChange in ReceivablesDeferred TaxesDepreciation & Amortization (CF)Depreciation & Amortization (CF)Depreciation and DepletionDepreciation and DepletionDivestmentsDividends Paid - CommonDividends Paid - CommonExchange Rate EffectExchange Rate EffectFree Cash FlowFree Cash FlowGains from Investment SecuritiesGains from Investment SecuritiesLong-Term Debt IssuancesLong-Term Debt RepaymentsNet Cash FlowNet Cash FlowNet IncomeNon-cash ItemsNon-cash ItemsOther financing activitiesOther financing activitiesShare-based CompensationShare-based CompensationShares IssuedShares Repurchased
Daily Values
Growth Metrics
Income Statement
Others
Ratios

Nelnet (NNI) Free Cash Flow (2016 - 2026)

Nelnet has reported Free Cash Flow over the past 10 years, most recently at $130.1 million for Q4 2025.

  • Quarterly Free Cash Flow fell 34.25% to $130.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $292.4 million through Dec 2025, down 54.45% year-over-year, with the annual reading at $396.7 million for FY2025, 38.2% down from the prior year.
  • Free Cash Flow was $130.1 million for Q4 2025 at Nelnet, up from $34.9 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $513.4 million in Q3 2023 and troughed at -$1.4 billion in Q4 2022.
  • The 5-year median for Free Cash Flow is $105.5 million (2024), against an average of -$16.2 million.
  • Year-over-year, Free Cash Flow surged 1396.77% in 2021 and then crashed 4684.04% in 2022.
  • A 5-year view of Free Cash Flow shows it stood at -$29.0 million in 2021, then crashed by 4684.04% to -$1.4 billion in 2022, then skyrocketed by 104.17% to $58.0 million in 2023, then soared by 241.14% to $197.9 million in 2024, then plummeted by 34.25% to $130.1 million in 2025.
  • Per Business Quant, the three most recent readings for NNI's Free Cash Flow are $130.1 million (Q4 2025), $34.9 million (Q3 2025), and $39.6 million (Q2 2025).