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NAVI

Navient Corporation

NAVI

Navient Corporation • NASDAQ
$12.40 ▼ -0.64% (-0.08)
Market Cap $1.25 B
52w High $16.07
52w Low $10.53
Dividend Yield 0.64%
P/E -23.85
Volume 381.22K
Outstanding Shares 100.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $800M ▼ $110M ▲ $-86M ▼ -10.75% ▼ $-0.87 ▼ $-117M ▼
Q2-2025 $806M ▼ $101M ▼ $14M ▲ 1.737% ▲ $0.14 ▲ $19M ▲
Q1-2025 $828M ▼ $131M ▼ $-2M ▼ -0.242% ▼ $-0.02 ▼ $-5M ▼
Q4-2024 $977M ▼ $180M ▲ $24M ▲ 2.456% ▲ $0.23 ▲ $26M ▲
Q3-2024 $1.005B $123M $-2M -0.199% $-0.018 $12M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $571M ▼ $49.306B ▼ $46.867B ▼ $2.439B ▼
Q2-2025 $712M ▲ $50.222B ▼ $47.658B ▼ $2.564B ▼
Q1-2025 $642M ▼ $50.95B ▼ $48.361B ▼ $2.589B ▼
Q4-2024 $722M ▼ $51.789B ▼ $49.148B ▼ $2.641B ▼
Q3-2024 $2.793B $53.44B $50.746B $2.694B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-86M ▼ $70M ▼ $559M ▼ $-834M ▲ $-205M ▼ $70M ▼
Q2-2025 $13M ▲ $126M ▲ $745M ▲ $-849M ▼ $22M ▲ $126M ▲
Q1-2025 $-2M ▼ $71M ▲ $661M ▼ $-780M ▲ $-48M ▲ $71M ▲
Q4-2024 $24M ▲ $8M ▲ $907M ▼ $-1.605B ▲ $-690M ▲ $8M ▲
Q3-2024 $-2M $-10M $1.961B $-3.164B $-1.213B $-10M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Consumer Lending
Consumer Lending
 $0 ▲$0 ▲$0 ▲$0 ▲
Federal Education Loans Segment
Federal Education Loans Segment
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Other Operating Segment
Other Operating Segment
 $0 ▲$10.00M ▲$20.00M ▲$10.00M ▼
Business Processing
Business Processing
 $0 ▲$20.00M ▲$0 ▼$0 ▲
Government Services
Government Services
 $90.00M ▲$0 ▼$0 ▲$0 ▲
Healthcare Services
Healthcare Services
 $30.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Navient’s income statement shows a business in transition. Revenue has been fairly steady over several years, but profitability has swung around and recently weakened. Core earnings were strong a few years ago but have dropped more recently, with much thinner profit margins. This likely reflects the runoff and sale of older loan and servicing businesses, higher funding and credit costs, and the costs of repositioning the company around Earnest. Overall, the income statement points to a company moving away from a mature, shrinking legacy business toward a newer fintech engine that is not yet fully offsetting the earnings decline from the old model.

Balance Sheet

Balance Sheet The balance sheet is gradually shrinking as Navient runs down and sells off parts of its legacy loan portfolio. Total assets and debt have been coming down together, which suggests deliberate deleveraging rather than distress. Equity is small compared with the total size of the balance sheet, which is typical for a lender but still means the company is highly leveraged and sensitive to credit quality and funding conditions. Cash levels are modest but relatively stable, so liquidity management and access to wholesale funding remain important watch points. Overall, the balance sheet looks more focused and somewhat cleaner than in the past, but still structurally leveraged by design.

Cash Flow

Cash Flow Cash generation has been consistently positive, but not especially large relative to the size of the balance sheet. Operating cash flow has moved around from year to year, reflecting changes in the loan book and funding mix, but it has remained in the black. Because capital spending is minimal, almost all operating cash effectively becomes free cash flow, which can support debt service, buybacks, or strategic investments. However, the cash flow profile still depends heavily on credit performance, loan demand, and capital markets access, so it is stable but not bulletproof.

Competitive Edge

Competitive Edge Navient’s traditional edge came from scale and experience in student loan servicing, but that part of the business is being wound down and carries reputational and regulatory baggage. The competitive focus is shifting to Earnest, its digital lending platform. Earnest has some clear strengths: modern technology, data‑driven underwriting, a targeted base of higher‑quality young professionals, and the funding support of a larger parent. At the same time, digital lending is a crowded and aggressive space, with well‑known competitors and constant pressure on pricing and marketing costs. Regulatory scrutiny—especially around the use of AI and fairness in lending—adds another layer of risk. Navient’s competitive position will increasingly depend on whether Earnest can scale profitably while managing these pressures.

Innovation and R&D

Innovation and R&D Most of Navient’s innovation is now concentrated in Earnest. The platform leans heavily on data science, AI, and machine learning to go beyond traditional credit scores and offer more personalized loan terms and flexible repayment options. This creates a differentiated customer experience and may help attract financially strong, digitally savvy borrowers. The company is also expanding beyond student loans into other consumer lending products, which could unlock more value if done prudently. However, the same AI models that provide an edge have already drawn regulatory attention regarding potential bias, forcing adjustments and continued oversight. Execution risk is meaningful: Navient must successfully separate non‑core operations, stand up Earnest as a more independent, capital‑efficient platform, and keep innovating without tripping regulatory wires.

Summary

Navient is in the middle of a major strategic pivot: shrinking its legacy loan servicing operations while betting on Earnest as its primary growth engine. Financially, this shows up as a smaller, less leveraged balance sheet than before, but also more volatile and recently weaker earnings. Cash flow remains positive but is not abundant, and the company stays structurally leveraged as a lender. Competitively, Navient is trading an old, regulated, lower‑growth niche for a faster‑moving but more competitive and scrutinized fintech arena. The long‑term story hinges on whether Earnest can scale, diversify its product set, and prove that its data‑driven, AI‑enabled model can generate stable, compliant, and profitable growth through different credit cycles. The opportunity is meaningful, but so are the execution, credit, and regulatory risks along the way.

NEWS

November 12, 2025 · 5:00 PM UTC

Navient declares fourth quarter common stock dividend

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November 12, 2025 · 9:15 AM UTC

Navient to share strategy update, host webcast Nov. 19

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October 29, 2025 · 6:45 AM UTC

Navient posts third quarter 2025 financial results

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October 27, 2025 · 8:00 AM UTC

Navient Named Champion of Board Diversity by The Forum of Executive Women

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October 8, 2025 · 9:15 AM UTC

Navient to announce third quarter 2025 results, host earnings webcast Oct. 29

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