NNI GOVT-CONTRACT SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

NNI ▲ +11.18% at T+20d

NEUTRAL call ✓ call won +11.18% · α vs SPY +1.46% · entry $128.15 → $142.48

Next anchor: T+60d in 11d

Last close $130.30 (close Jun 12) · +1.68% from $128.15 entry

Entry anchored
Mar 31, 03:59 PM ET
via Databento tick

T+1d

+1.01%

call +1.01% · α +0.94%

$129.45

settled 3mo ago

T+5d

+3.63%

call +3.63% · α -0.14%

$132.80

settled 2mo ago

T+20d

+11.18%

call +11.18% · α +1.46%

$142.48

settled 7w ago

T+60d

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call — · α —

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in 11d

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Executive Summary

Nelnet Servicing LLC, a subsidiary of Nelnet (NNI), was awarded a $200.25M task order by the Department of Education for student loan servicing operations and maintenance. This is a follow-on task order under an existing contract, reflecting continued reliance on Nelnet by the federal government for student loan administration. Given the scale and the company's core business focus, this award supports revenue visibility and reinforces Nelnet's entrenched position in federal student loan servicing.

Actionable Insight

While not transformative, this task order represents meaningful revenue visibility for Nelnet’s core servicing business. Traders should monitor for follow-on task orders and any policy shifts in federal student loan servicing, which could impact future awards. The lack of competitive displacement suggests stable, incumbent advantage rather than new market gain.

Key Facts

Nelnet Servicing LLC awarded $200,254,303 task order from the Department of Education
Contract is for operations and maintenance of federal student loan servicing
Start date is April 1, 2026, indicating forward-looking revenue recognition
Award represents a task order under an existing contract vehicle
Department of Education is a core, long-standing client for Nelnet

Financial Impact

$200.25M award, approximately 8.7% of NNI's estimated $2.3B annual revenue

revenuebacklogearnings visibility

Risk Factors

Federal student loan servicing is subject to political and regulatory risk, including potential changes in administration policy or servicing standards
Funding continuity risk due to government budget cycles and potential sequestration
Execution risk in maintaining compliance with federal servicing requirements

Market Snapshot

Exchange

NYSE

Sector

Personal Credit Institutions

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
GOVT-CONTRACT Data (Synthetic)	contract-91003126F0022

2 reports for NNI

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for NNI — sortable, filterable
	Type				Now
May 7, 2026 5w ago	8-K BEARISH ★ 7/10	$122.38 $129.03	▼ −5.43%	▼ −5.41%	$130.30 (−6.47%)
Apr 1, 2026 10w ago	GOVT-CONTRACT NEUTRAL ★ 5/10	$128.15 $142.48	▲ +11.18%	▲ +1.46%	$130.30 (+1.68%)

US Market Status

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