$122.75

+0.34 (+0.28%)

Weekly Expected Move ±2.3%

$117 $120 $122 $125 $128

NYSE · Financial Services · Financial - Credit Services · Tech Score Sell · Power 40 · $4.4B mcap · 23M float · 0.596% daily turnover · Short 57% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$2.3B +22.6% ▲

5Y CAGR: +10.5%

Gross Profit

$2.0B +77.2% ▲

5Y CAGR: +15.0%

Operating Income

$1.1B +400.9% ▲

5Y CAGR: +20.5%

Net Income

$428M +132.8% ▲

5Y CAGR: +4.0%

EPS (Diluted)

$11.58 +130.7% ▲

5Y CAGR: +5.1%

EBITDA

$1.1B +192.7% ▲

5Y CAGR: +10.2%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.4B	$1.8B	$1.8B	$1.8B	$2.3B
YoY Growth	+3.3%	+28.1%	-0.1%	+1.8%	+22.6%
Cost of Revenue	$164M	$465M	$853M	$735M	$293M
Gross Profit	$1.3B	$1.4B	$961M	$1.1B	$2.0B
Gross Margin	88.4%	74.4%	53.0%	60.2%	87.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$507M	$590M	$608M	$632M	$0
Operating Expenses	$752M	$850M	$892M	$883M	$822M
Operating Income	$502M	$502M	$69M	$229M	$1.1B
Operating Margin	35.4%	27.6%	3.8%	12.4%	50.6%
Interest Expense	$176M	$430M	$845M	$681M	$497M
Income Before Tax	$502M	$502M	$69M	$229M	$526M
Tax Expense	$116M	$113M	$19M	$53M	$128M
Net Income	$393M	$407M	$90M	$184M	$428M
Net Margin	27.7%	22.4%	5.0%	10.0%	18.9%
EPS (Diluted)	$10.20	$10.63	$2.39	$5.02	$11.58
EBITDA	$634M	$678M	$214M	$361M	$1.1B
Shares Outstanding	38M	38M	37M	37M	36M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$435M	$434M	$466M	$613M	$495M	$504M	$526M	$334M
Cost of Revenue	$186M	$163M	$140M	$151M	$117M	$72M	$70M	$62M
Gross Profit	$248M	$271M	$326M	$462M	$377M	$432M	$455M	$272M
Gross Margin	57.1%	62.4%	69.9%	75.4%	76.3%	85.8%	86.6%	81.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$146M	$202M	$160M	$160M	$165M	$0	$0	$185M
Operating Expenses	$251M	$193M	$220M	$225M	$241M	$238M	$248M	$247M
Operating Income	-$2M	$78M	$106M	$237M	$136M	$195M	$207M	$26M
Operating Margin	-0.5%	18.1%	22.8%	38.7%	27.6%	38.6%	39.4%	7.7%
Interest Expense	$168M	$141M	$125M	$133M	$121M	$118M	$110M	$109M
Income Before Tax	-$2M	$78M	$106M	$237M	$136M	$46M	$76M	$65M
Tax Expense	-$282K	$15M	$25M	$60M	$36M	$8M	$20M	$20M
Net Income	$2M	$63M	$83M	$181M	$107M	$58M	$71M	$67M
Net Margin	0.5%	14.5%	17.7%	29.6%	21.6%	11.5%	13.5%	20.0%
EPS (Diluted)	$0.07	$1.73	$2.26	$4.97	$2.94	$1.57	$1.97	$1.85
EBITDA	$34M	$105M	$129M	$267M	$152M	$174M	$194M	$16M
Shares Outstanding	36M	36M	36M	36M	36M	36M	36M	36M

NNI NYSE