Navient Holdings, Inc. (NAVI)
Navient Corporation specializes in managing education loans and delivering comprehensive business processing services. Its clientele spans the education, healthcare, and government sectors, serving federal, state, and local entities across the United States. The company's operations are divided into three primary segments: Federal Education Loans, Consumer Lending, and Business Processing. Within its Federal Education Loans segment, Navient holds Federal Family Education Loan Program (FFELP) loans, which are backed by state or non-profit agency guarantees. This division also handles the servicing and recovery of its own loan assets, alongside offering asset recovery solutions for FFELP loans held by other organizations. Its Consumer Lending activities involve the ownership, origination, acquisition, and ongoing servicing of private education loans, including both in-school financing and refinancing options. The Business Processing segment extends to various healthcare services, encompassing outsourced revenue cycle management, accounts receivable administration, supplementary business office support, consulting, and public health program management. Furthermore, it provides tailored business processing solutions to state governments, their agencies, judicial systems, local municipalities, and authorities overseeing parking and toll collection. These customizable offerings serve a diverse range of clients, such as hospitals, healthcare networks, medical centers, large physician practices, other healthcare providers, and public health departments. Navient also manages corporate liquidity portfolios. Established in 1973, Navient Corporation maintains its headquarters in Wilmington, Delaware.
Sector: Security Brokers, Dealers & Flotation Companies
Industry: Financial - Credit Services
Navient Corporation
NASDAQ:NAVIFinancial Services · Financial - Credit Services
PrePre-market+0.48%$8.46
Close$8.420.00%AH$8.42+0.48%Now$8.46
Close$8.42-4.54%AH$8.42+0.48%since
Mkt Cap$789.66M
Float63.52M
O/S93.78M
PM VOL203 sh
$ Vol≈$2K
RVOL1.77×
Inst Own-
Div Yield7.60%
Dilution
Financials Summary
Revenue$3.23B
Net Income-$80M
Total Assets$48.68B
Free Cash Flow$441M
Debt & Equity
Debt 95%
Equity 5%
Total Debt$45.71B
Total Equity$2.4B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NAVI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$48.68B
Liabilities$46.28B
Accounts Receivable$1.67B
Accounts Payable$0
Inventory$0
PP&E (Net)$23M
Goodwill$428M
Intangible Assets$6M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $3.23B | $4.23B | $4.84B | $3.84B | $3.53B | $3.73B | $5.48B | $5.59B | $5.18B | $4.96B | $5.18B | $5.64B | $6.22B | $5.87B |
| YoY Growth | -23.7% | -12.4% | 26.0% | 8.8% | -5.5% | -31.9% | -1.9% | 7.9% | 4.4% | -4.1% | -8.2% | -9.4% | 6.0% | - |
| Cost of Revenue | $421M | $3.39B | $3.68B | $2.18B | $1.25B | $2.2B | $3.75B | $4.04B | $3.4B | $2.87B | $2.65B | $2.71B | $3.05B | $3.64B |
| Gross Profit | $2.81B | $848M | $1.16B | $1.66B | $2.27B | $1.53B | $1.74B | $1.55B | $1.78B | $2.09B | $2.52B | $2.93B | $3.17B | $2.23B |
| Gross Margin | 87.0% | 20.0% | 23.9% | 43.2% | 64.4% | 41.1% | 31.7% | 27.8% | 34.4% | 42.2% | 48.7% | 51.9% | 51.0% | 38.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $316M | $401M | $444M | $569M | $497M | $488M | $507M | $519M | $500M | $467M | $479M | $504M | $457M |
| Other | $317M | $358M | $442M | $387M | $767M | $504M | $487M | $518M | $502M | $486M | $474M | $630M | $581M | $333M |
| Total Operating Expenses | $317M | $674M | $843M | $831M | $1.34B | $1B | $975M | $1.02B | $1.02B | $986M | $941M | $1.11B | $1.08B | $790M |
| Operating Income (EBIT) | $2.49B | $174M | $313M | $827M | $936M | $532M | $763M | $528M | $764M | $1.11B | $1.58B | $1.82B | $2.09B | $1.44B |
| Operating Margin | 77.1% | 4.1% | 6.5% | 21.5% | 26.5% | 14.2% | 13.9% | 9.4% | 14.7% | 22.3% | 30.5% | 32.3% | 33.5% | 24.5% |
| Interest Expense | $2.58B | $3.27B | $3.56B | $2.1B | $1.32B | $2.05B | $3.49B | $3.67B | $2.97B | $2.44B | $2.07B | $2.06B | $2.21B | $2.56B |
| Interest Income | $3.11B | $3.81B | $4.42B | $3.22B | $2.65B | $3.3B | $4.67B | $4.91B | $4.38B | $4.15B | $4.29B | $4.73B | $5.38B | $5.77B |
| Other Income (Expense) | -$2.6B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$111M | $174M | $313M | $827M | $936M | $532M | $763M | $528M | $764M | $1.11B | $1.58B | $1.82B | $2.09B | $1.44B |
| Income Tax Expense | -$31M | $43M | $85M | $182M | $219M | $120M | $166M | $133M | $472M | $427M | $597M | $681M | $776M | $498M |
| Net Income | -$80M | $131M | $228M | $645M | $717M | $412M | $597M | $395M | $292M | $681M | $984M | $1.14B | $1.42B | $939M |
| Net Income Margin | -2.5% | 3.1% | 4.7% | 16.8% | 20.3% | 11.0% | 10.9% | 7.1% | 5.6% | 13.7% | 19.0% | 20.2% | 22.8% | 16.0% |
| Supplementary Data | ||||||||||||||
| EPS | -0.81 | 1.20 | 1.87 | 4.54 | 4.22 | 2.13 | 2.60 | 1.52 | 1.06 | 2.15 | 2.66 | 2.74 | 3.18 | 1.93 |
| Diluted EPS | -0.81 | 1.18 | 1.85 | 4.48 | 4.17 | 2.11 | 2.56 | 1.50 | 1.04 | 2.12 | 2.61 | 2.69 | 3.12 | 1.90 |
| Weighted Average OS | 99.00M | 109.00M | 122.00M | 142.07M | 170.00M | 193.00M | 230.00M | 259.87M | 275.47M | 316.74M | 374.81M | 417.15M | 440.00M | 476.00M |
| EBITDA | $2.47B | $174M | $313M | $827M | $936M | $554M | $793M | $575M | $787M | $1.14B | $1.59B | $1.83B | $2.1B | $1.44B |
| EBITDA Margin | 76.6% | 4.1% | 6.5% | 21.5% | 26.5% | 14.8% | 14.5% | 10.3% | 15.2% | 23.0% | 30.8% | 32.4% | 33.8% | 24.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $2.1B | $722M | $839M | $1.53B | $905M | $1.18B | $1.23B | $1.29B | $1.52B | $1.25B | $1.59B | $1.44B | $5.19B | $8.91B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M | $3M | $5M | $6M | $109M | $0 |
| Cash and Short-Term Investments | $2.1B | $722M | $839M | $1.53B | $905M | $1.18B | $1.23B | $1.29B | $1.52B | $1.26B | $1.6B | $1.45B | $5.3B | $8.91B |
| Accounts Receivable | $1.67B | $1.9B | $2.3B | $2.25B | $2.41B | $2.5B | $2.33B | $2.37B | $2.45B | $2.48B | $2.91B | $3.77B | $4.34B | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8.91B |
| Total Current Assets | $3.77B | $2.62B | $3.14B | $3.78B | $3.31B | $3.69B | $3.56B | $3.65B | $3.97B | $3.74B | $4.51B | $5.22B | $9.64B | $8.91B |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $23M | $52M | $62M | $74M | $95M | $116M | $135M | $136M | $156M | $160M | $162M | $152M | $237M | $0 |
| Goodwill | $428M | $428M | $670M | $670M | $671M | $665M | $665M | $665M | $701M | $545M | $551M | $353M | $394M | $0 |
| Intangible Assets | $6M | $9M | $25M | $35M | $54M | $70M | $92M | $121M | $109M | $125M | $154M | $16M | $30M | $448M |
| Long-Term Investments | $44.26B | $46.74B | $55.03B | $62.47B | $73.3B | $79.95B | $87.24B | $94.88B | $106B | $112.1B | $124.04B | $135.81B | $1.37B | $163.63B |
| Deferred Tax Assets | $150M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $42M | $1.94B | $2.45B | $3.76B | $3.17B | $2.92B | $3.21B | $4.72B | $4.05B | $4.47B | $4.63B | $4.81B | -$2.03B | $8.27B |
| Total Long-Term Assets | $44.91B | $49.16B | $58.23B | $67.01B | $77.29B | $83.72B | $91.34B | $100.53B | $111.02B | $117.4B | $129.54B | $141.13B | $2.03B | $172.35B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $147.87B | $181.26B |
| Total Assets | $48.68B | $51.79B | $61.38B | $70.8B | $80.61B | $87.41B | $94.9B | $104.18B | $114.99B | $121.14B | $134.05B | $146.35B | $159.54B | $181.26B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $5.07B | $4.75B | $4.76B | $4.96B | $3.79B | $6.41B | $9.56B | $8.5B | $11.98B | $14.06B | $17.75B | $16.95B | $17.69B | $19.86B |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$17.69B | $0 |
| Total Current Liabilities | $5.07B | $4.75B | $4.76B | $4.96B | $3.79B | $6.41B | $9.56B | $8.5B | $11.98B | $14.06B | $17.75B | $16.95B | $19.91B | $19.86B |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $40.63B | $43.92B | $53.15B | $62.43B | $72.93B | $76.98B | $80.68B | $90.79B | $97.78B | $101.39B | $109.76B | $121.61B | $130.67B | $152.4B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $576M | $483M | $700M | $422M | $1.28B | $1.57B | $1.32B | $1.34B | $1.74B | $1.96B | $2.61B | $3.59B | -$130.67B | $3.94B |
| Total Long-Term Liabilities | $41.21B | $44.4B | $53.85B | $62.85B | $74.2B | $78.55B | $82B | $92.13B | $99.52B | $103.35B | $112.37B | $125.21B | $128.45B | $156.34B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.54B | $156.34B |
| Total Liabilities | $46.28B | $49.15B | $58.62B | $67.82B | $78B | $84.97B | $91.55B | $100.63B | $111.51B | $117.41B | $130.11B | $142.15B | $153.9B | $176.19B |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $565M | $565M |
| Common Stock | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $109M | $107M |
| Retained Earnings | $4.55B | $4.7B | $4.64B | $4.49B | $3.94B | $3.33B | $3.66B | $3.22B | $3B | $2.89B | $2.41B | $1.72B | $2.58B | $1.45B |
| Comprehensive Income & Other | $2M | $3M | $19M | $87M | -$133M | -$274M | -$91M | $113M | $61M | $6M | -$51M | $9M | $13M | -$6M |
| Other Stockholders' Equity | -$2.16B | -$2.06B | -$1.88B | -$1.52B | -$1.35B | -$902M | -$332M | $297M | $446M | $805M | $1.49B | $2.47B | $2.94B | $3.5B |
| Total Equity | $2.4B | $2.64B | $2.76B | $2.98B | $2.6B | $2.43B | $3.34B | $3.52B | $3.45B | $3.7B | $3.91B | $4.2B | $5.64B | $5.06B |
| Minority Interest | $0 | $0 | $0 | $0 | $11M | $14M | $13M | $28M | $31M | $24M | $24M | $0 | $5M | $6M |
| Total Liabilities and Equity | $48.68B | $51.79B | $61.38B | $70.8B | $80.59B | $87.4B | $94.89B | $104.15B | $114.96B | $121.11B | $134.02B | $146.35B | $159.54B | $181.25B |
| Supplementary Data | ||||||||||||||
| Total Debt | $45.71B | $48.66B | $57.91B | $67.4B | $76.72B | $83.39B | $90.23B | $99.29B | $109.77B | $115.45B | $127.51B | $138.56B | $148.36B | $172.26B |
| Net Debt | $43.6B | $47.94B | $57.08B | $65.86B | $75.82B | $82.21B | $89B | $98.01B | $108.25B | $114.2B | $125.91B | $137.12B | $143.17B | $163.35B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$80M | $131M | $228M | $645M | $717M | $412M | $597M | $395M | $292M | $681M | $996M | $1.15B | $1.31B | $939M |
| Depreciation & Amortization | $3M | $0 | $0 | $0 | $0 | $22M | $30M | $47M | $23M | $36M | $12M | $9M | $13M | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | -$30M | -$47M | -$23M | -$36M | -$12M | -$9M | $0 | $0 |
| Stock-Based Compensation | $21M | $23M | $24M | $19M | $22M | $18M | $25M | $25M | $35M | $26M | $29M | $39M | $47M | $47M |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $76M | $348M | -$50M | -$147M | $47M | $22M | $78M | -$125M | -$29M | -$26M | $175M | -$75M | -$68M | $361M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$3M | -$31M | $29M | $159M | -$55M | -$113M | -$96M | $58M | $11M | -$92M | -$42M | -$27M | -$23M | -$41M |
| Other Working Capital | $20M | -$105M | $157M | $121M | $440M | $125M | $58M | $352M | $479M | $632M | $972M | $738M | $527M | $485M |
| Total Working Capital Change | $93M | $212M | $136M | $133M | $432M | $34M | $40M | $285M | $461M | $514M | $1.1B | $636M | $436M | $805M |
| Other Non-Cash Items | $404M | $93M | $288M | -$492M | -$469M | $501M | $357M | $435M | $369M | $136M | -$220M | -$160M | $193M | $845M |
| Net Cash from Operating | $441M | $459M | $676M | $305M | $702M | $987M | $1.02B | $1.14B | $1.16B | $1.36B | $1.91B | $1.66B | $2B | $2.64B |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.28B | $0 | $10.77B | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | -$16M | $0 | $0 | $0 | -$216M | $0 | -$342M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1M | -$44M | -$187M | -$813M | -$448M | -$308M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $7M | $115M | $23M | $51M | $98M | $804M | $419M | $277M |
| Other Investing Activities | $2.71B | $8.47B | $7.36B | $10.59B | $6.69B | $6.45B | $7.48B | $10.24B | $408M | $11.4B | $351M | -$1.64B | $9.24B | $11.88B |
| Net Cash from Investing | $2.71B | $8.47B | $7.36B | $10.59B | $6.67B | $6.45B | $7.49B | $10.36B | $7.5B | $11.41B | $10.69B | -$1.65B | $9.21B | $11.85B |
| Financing Activities | ||||||||||||||
| Debt Repaid | $3.24B | $9.29B | $9.56B | $9.26B | $4.66B | $5.05B | $8.3B | $10.34B | $7.69B | $11.91B | $11.02B | $1.66B | -$261M | $1.12B |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$111M | -$179M | -$310M | -$400M | -$600M | -$400M | -$440M | -$220M | -$440M | -$755M | -$945M | -$600M | -$600M | -$900M |
| Dividends Paid | -$63M | -$70M | -$78M | -$91M | -$107M | -$123M | -$147M | -$166M | -$176M | -$201M | -$240M | -$249M | -$264M | -$237M |
| Other Financing Activities | $264M | -$79M | -$101M | $1.18B | -$1.97B | -$2.11B | -$189M | -$162M | -$79M | -$244M | -$245M | -$1.24B | -$9.3B | -$10.79B |
| Net Cash from Financing | -$3.15B | -$9.62B | -$10.05B | -$9.66B | -$7.33B | -$7.68B | -$9.98B | -$10.88B | -$8.39B | -$13.11B | -$12.45B | -$3.76B | -$9.92B | -$13.38B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1M | -$690M | -$2.01B | $1.23B | $41M | -$244M | -$1.48B | $616M | $265M | -$341M | $151M | -$3.75B | $1.29B | $1.11B |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $441M | $459M | $676M | $305M | $702M | $987M | $1.02B | $1.14B | $1.16B | $1.36B | $1.91B | $1.66B | $2B | $2.64B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.28B | $0 | $10.77B | $0 | $0 | $0 |
| Free Cash Flow | $441M | $459M | $676M | $305M | $702M | $987M | $1.02B | $1.14B | $8.44B | $1.36B | $12.68B | $1.66B | $2B | $2.64B |
| Cash at Beginning | $2.1B | $2.79B | $4.81B | $3.58B | $3.54B | $3.78B | $5.26B | $4.65B | $1.25B | $1.59B | $1.44B | $5.19B | $3.9B | $2.79B |
| Cash at End | $2.1B | $2.1B | $2.79B | $4.81B | $3.58B | $3.54B | $3.78B | $5.26B | $1.52B | $1.25B | $1.59B | $1.44B | $5.19B | $3.9B |