Nelnet Inc. reported GAAP net income of $106.7 million, or $2.94 per share, for the third quarter of 2025, compared to $2.4 million, or $0.07 per share, for the same period in 2024. Net income excluding derivative market value adjustments was $107.3 million, or $2.95 per share, compared to $12.4 million, or $0.34 per share, in the previous year. The results included non-recurring revenue of $32.9 million from a government servicing contract. Nelnet Bank reported net income after tax of $4.6 million for the quarter, compared to a net loss of $3.6 million a year earlier. The company announced an agreement to acquire Finastra's Canadian student loan servicing business and highlighted share repurchases, an increased dividend, and plans to contribute significantly to its foundation before year-end.