NAVIENT CORP (NAVI) financial statements: income statement, balance sheet and cash flow
NAVIENT CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), NAVIENT CORP reported net income of ($80.0M) (-161.1% year on year).
Income statement
NAVIENT CORP income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and investments
$83.0M
$154.0M
$153.0M
$62.0M
Total interest income
$1.9B
$2.4B
$2.9B
$2.0B
Total interest income
$1.1B
$1.3B
$1.4B
$1.2B
Total interest income
$3.1B
$3.8B
$4.4B
$3.2B
Total interest expense
$2.6B
$3.3B
$3.6B
$2.1B
Net interest income (loss)
$519.0M
$536.0M
$862.0M
$1.1B
Less: provisions for loan losses
$280.0M
$113.0M
$123.0M
$79.0M
Net interest income (loss) after provisions for loan losses
$239.0M
$423.0M
$739.0M
$1.0B
Servicing revenue
$51.0M
$54.0M
$64.0M
$77.0M
Asset recovery and business processing revenue
$23.0M
$271.0M
$321.0M
$336.0M
Other income
$47.0M
$30.0M
$21.0M
$32.0M
Gain on sale of subsidiaries, net
$0
$191.0M
—
—
Losses on debt repurchases
$0
$0
($8.0M)
—
Gains (losses) on derivative and hedging activities, net
($30.0M)
$70.0M
$11.0M
$171.0M
Total other income (loss)
$91.0M
$616.0M
$409.0M
$616.0M
Salaries and benefits
$149.0M
$316.0M
$401.0M
$444.0M
Other operating expenses
$272.0M
$364.0M
$399.0M
$332.0M
Total operating expenses
$421.0M
$680.0M
$800.0M
$776.0M
Goodwill and acquired intangible asset impairment and amortization expense
$3.0M
$146.0M
$10.0M
$19.0M
Restructuring/other reorganization expenses
$17.0M
$39.0M
$25.0M
$36.0M
Total expenses
$441.0M
$865.0M
$835.0M
$831.0M
Income (loss) before income tax expense (benefit)
($111.0M)
$174.0M
$313.0M
$827.0M
Income tax expense (benefit)
($31.0M)
$43.0M
$85.0M
$182.0M
Net income (loss)
($80.0M)
$131.0M
$228.0M
$645.0M
Basic earnings (loss) per common share
-$0.81
$1.20
$1.87
$4.54
Average common shares outstanding
99.0M
109.0M
122.0M
142.0M
Diluted earnings (loss) per common share
-$0.81
$1.18
$1.85
$4.49
Average common and common equivalent shares outstanding
99.0M
111.0M
123.0M
144.0M
Dividends per common share
$0.64
$0.64
$0.64
$0.64
NAVIENT CORP income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Cash and investments
$18.0M
$17.0M
$21.0M
$22.0M
Total interest income
$391.0M
$401.0M
$484.0M
$483.0M
Total interest income
$273.0M
$277.0M
$276.0M
$273.0M
Total interest income
$682.0M
$695.0M
$781.0M
$778.0M
Total interest expense
$560.0M
$564.0M
$639.0M
$650.0M
Net interest income (loss)
$122.0M
$131.0M
$142.0M
$128.0M
Less: provisions for loan losses
$26.0M
$27.0M
$168.0M
$37.0M
Net interest income (loss) after provisions for loan losses
$96.0M
$104.0M
($26.0M)
$91.0M
Servicing revenue
$10.0M
$11.0M
$13.0M
$14.0M
Asset recovery and business processing revenue
$0
$0
$0
$0
Other income
$17.0M
$5.0M
$10.0M
$19.0M
Gains (losses) on derivative and hedging activities, net
$1.0M
$5.0M
($4.0M)
($5.0M)
Total other income (loss)
$28.0M
$21.0M
$19.0M
$28.0M
Salaries and benefits
$27.0M
$32.0M
$32.0M
$35.0M
Other operating expenses
$55.0M
$57.0M
$73.0M
$65.0M
Total operating expenses
$82.0M
$89.0M
$105.0M
$100.0M
Goodwill and acquired intangible asset impairment and amortization expense
$0
$4.0M
$1.0M
$1.0M
Restructuring/other reorganization expenses
$3.0M
$0
$4.0M
$0
Total expenses
$85.0M
$93.0M
$110.0M
$101.0M
Income before income tax expense
$39.0M
$32.0M
($117.0M)
$18.0M
Income tax expense
$14.0M
$15.0M
($31.0M)
$4.0M
Net income
$25.0M
$17.0M
($86.0M)
$14.0M
Basic earnings per common share
$0.27
$0.18
-$0.87
$0.14
Average common shares outstanding
94.0M
95.0M
98.0M
100.0M
Diluted earnings per common share
$0.26
$0.17
-$0.87
$0.13
Average common and common equivalent shares outstanding
95.0M
96.0M
98.0M
101.0M
Dividends per common share
$0.16
$0.16
$0.16
$0.16
Balance sheet
NAVIENT CORP balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans, net
$43.6B
$46.6B
$54.8B
$62.3B
Investments
$166.0M
$143.0M
$146.0M
$167.0M
Cash and cash equivalents
$637.0M
$722.0M
$839.0M
$1.5B
Restricted cash and cash equivalents
$1.5B
$1.4B
$2.0B
$3.3B
Goodwill and acquired intangible assets, net
$434.0M
$437.0M
$695.0M
$705.0M
Other assets
$2.4B
$2.5B
$2.9B
$2.9B
Total assets
$48.7B
$51.8B
$61.4B
$70.8B
Short-term borrowings
$5.1B
$5.1B
$4.2B
$5.9B
Long-term borrowings
$40.6B
$43.2B
$53.4B
$61.0B
Other liabilities
$576.0M
$830.0M
$987.0M
$922.0M
Total liabilities
$46.3B
$49.1B
$58.6B
$67.8B
Series A Junior Participating Preferred Stock, par value $0.20 per share; 2 million shares authorized; no shares issued or outstanding
$0.00
$0.00
$0.00
—
Common stock, par value $0.01 per share; 1.125 billion shares authorized:467 million and 465 million shares issued, respectively
$4000000.00
$4000000.00
$4000000.00
$4000000.00
Additional paid-in capital
$3.4B
$3.4B
$3.4B
$3.3B
Accumulated other comprehensive income (net of tax expense of $1 and $1, respectively)
$2.0M
$3.0M
$19.0M
$87.0M
Retained earnings
$4.6B
$4.7B
$4.6B
$4.5B
Total Navient Corporation stockholders’ equity before treasury stock
$8.0B
$8.1B
$8.0B
$7.9B
Less: Common stock held in treasury at cost: 371 million and 362 million shares, respectively
-5.6B
-5.4B
-5.3B
-4.9B
Total equity
$2.4B
$2.6B
$2.8B
$3.0B
Total liabilities and equity
$48.7B
$51.8B
$61.4B
$70.8B
NAVIENT CORP balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Loans, net
$41.7B
$42.9B
$44.4B
$45.1B
Loans held for sale
$528.0M
—
—
—
Investments
$116.0M
$148.0M
$147.0M
$135.0M
Cash and cash equivalents
$770.0M
$621.0M
$571.0M
$712.0M
Restricted cash and cash equivalents
$1.4B
$1.5B
$1.3B
$1.4B
Goodwill and acquired intangible assets, net
$430.0M
$430.0M
$435.0M
$436.0M
Other assets
$2.4B
$2.4B
$2.4B
$2.4B
Total assets
$47.3B
$48.0B
$49.3B
$50.2B
Short-term borrowings
$4.2B
$5.9B
$4.9B
$4.8B
Long-term borrowings
$40.1B
$39.2B
$41.4B
$42.3B
Other liabilities
$562.0M
$515.0M
$533.0M
$561.0M
Total liabilities
$44.9B
$45.6B
$46.9B
$47.7B
Series A Junior Participating Preferred Stock, par value $0.20 per share; 2 million shares authorized at December 31, 2021; no shares issued or outstanding
$0.00
$0.00
$0.00
$0.00
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 468 million and 467 million shares issued, respectively
$4000000.00
$4000000.00
$4000000.00
$4000000.00
Additional paid-in capital
$3.4B
$3.4B
$3.4B
$3.4B
Accumulated other comprehensive income (net of tax expense of $4 and $1, respectively)
$14.0M
$5.0M
($1.0M)
$0
Retained earnings
$4.6B
$4.6B
$4.6B
$4.7B
Total stockholders' equity before treasury stock
$8.0B
$8.0B
$8.0B
$8.1B
Less: Common stock held in treasury at cost: 374 million and 371 million shares, respectively
-5.6B
-5.6B
-5.5B
-5.5B
Total equity
$2.4B
$2.4B
$2.4B
$2.6B
Total liabilities and equity
$47.3B
$48.0B
$49.3B
$50.2B
Cash flow statement
NAVIENT CORP cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
($80.0M)
$131.0M
$228.0M
$645.0M
(Gain) on sale of subsidiaries, net
$0
($191.0M)
—
—
Losses on debt repurchases
$0
$0
$8.0M
—
Goodwill and acquired intangible asset impairment and amortization expense
$3.0M
$146.0M
$10.0M
$19.0M
Stock-based compensation expense
$21.0M
$23.0M
$24.0M
$19.0M
Mark-to-market (gains)/losses on derivative and hedging activities, net
$124.0M
$25.0M
$147.0M
($590.0M)
Provisions for loan losses
$280.0M
$113.0M
$123.0M
$79.0M
(Increase) decrease in accrued interest receivable
$76.0M
$348.0M
($50.0M)
($147.0M)
Increase (decrease) in accrued interest payable
($3.0M)
($31.0M)
$29.0M
$159.0M
Decrease in other assets
$58.0M
$91.0M
$52.0M
$387.0M
Increase (decrease) in other liabilities
($38.0M)
($196.0M)
$105.0M
($266.0M)
Total adjustments
$521.0M
$328.0M
$448.0M
($340.0M)
Total net cash provided by operating activities
$441.0M
$459.0M
$676.0M
$305.0M
Education loans originated and acquired
($2.5B)
($1.4B)
($970.0M)
($2.1B)
Principal payments on education loans
$5.2B
$9.5B
$8.3B
$12.5B
Other investing activities, net
($13.0M)
($6.0M)
$5.0M
$96.0M
Disposal of a subsidiaries, net of cash disposed of
$25.0M
$359.0M
—
—
Total net cash provided by investing activities
$2.7B
$8.5B
$7.4B
$10.6B
Borrowings collateralized by loans in trust - issued
$2.2B
$1.1B
$1.4B
$2.2B
Borrowings collateralized by loans in trust - repaid
($5.3B)
($9.8B)
($9.8B)
($12.6B)
Asset-backed commercial paper conduits, net
$176.0M
($116.0M)
$8.0M
$1.1B
Long-term unsecured notes issued
$495.0M
$0
$989.0M
—
Long-term unsecured notes repaid
($554.0M)
($507.0M)
($2.2B)
($15.0M)
Other financing activities, net
$88.0M
($79.0M)
($101.0M)
$89.0M
Common stock repurchased
($111.0M)
($179.0M)
($310.0M)
($400.0M)
Common dividends paid
($63.0M)
($70.0M)
($78.0M)
($91.0M)
Total net cash used in financing activities
($3.2B)
($9.6B)
($10.0B)
($9.7B)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents
$1.0M
($690.0M)
($2.0B)
$1.2B
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
$2.1B
$2.8B
$4.8B
$3.6B
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
$2.1B
$2.1B
$2.8B
$4.8B
Interest
$2.6B
$3.2B
$3.4B
$1.9B
Income taxes paid
$26.0M
$38.0M
$57.0M
$30.0M
Income taxes received
($7.0M)
($3.0M)
($5.0M)
($12.0M)
Cash and cash equivalents
$637.0M
$722.0M
$839.0M
$1.5B
Restricted cash and restricted cash equivalents
$1.5B
$1.4B
$2.0B
$3.3B
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
$2.1B
$2.1B
$2.8B
$4.8B
NAVIENT CORP cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$42.0M
$17.0M
($75.0M)
$11.0M
Goodwill and acquired intangible asset impairment and amortization expense
$4.0M
$4.0M
$2.0M
$2.0M
Stock-based compensation expense
$6.0M
$3.0M
$16.0M
$12.0M
Mark-to-market (gains) losses on derivative and hedging activities, net
($28.0M)
($14.0M)
$109.0M
$93.0M
Provisions for loan losses
$54.0M
$27.0M
$236.0M
$67.0M
Decrease in accrued interest receivable
$20.0M
$38.0M
$76.0M
$72.0M
Increase (decrease) in accrued interest payable
$2.0M
($42.0M)
($41.0M)
($4.0M)
Decrease (increase) in other assets
$27.0M
($51.0M)
($13.0M)
($3.0M)
(Decrease) in other liabilities
($31.0M)
($29.0M)
($43.0M)
($53.0M)
Total adjustments
$54.0M
($64.0M)
$342.0M
$186.0M
Net cash provided by operating activities
$96.0M
($47.0M)
$267.0M
$197.0M
Education loans originated and acquired
($1.7B)
($947.0M)
($1.8B)
($1.1B)
Proceeds from payments on education loans
$3.0B
$1.6B
$3.7B
$2.5B
Other investing activities, net
$43.0M
$16.0M
$9.0M
$24.0M
Disposal of subsidiaries, net of cash and restricted cash disposed of
$0
$0
$25.0M
$25.0M
Net cash provided by investing activities
$1.3B
$691.0M
$2.0B
$1.4B
Borrowings collateralized by loans in trust - issued
$1.9B
$680.0M
$1.6B
$1.1B
Borrowings collateralized by loans in trust - repaid
($3.2B)
($1.5B)
($4.0B)
($2.4B)
Asset-backed commercial paper conduits, net
($127.0M)
$192.0M
$35.0M
($160.0M)
Long-term unsecured notes issued
$496.0M
—
$495.0M
$495.0M
Long-term unsecured notes repaid
($506.0M)
$0
($554.0M)
($554.0M)
Other financing activities, net
$32.0M
$5.0M
$39.0M
$30.0M
Common stock repurchased
($26.0M)
($23.0M)
($85.0M)
($59.0M)
Common dividends paid
($30.0M)
($15.0M)
($48.0M)
($32.0M)
Net cash used in financing activities
($1.4B)
($617.0M)
($2.5B)
($1.6B)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents
$35.0M
$27.0M
($231.0M)
($26.0M)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
$2.1B
$2.1B
$2.1B
$2.1B
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
$2.1B
$2.1B
$1.9B
$2.1B
Interest paid
$1.1B
$591.0M
$2.0B
$1.3B
Income taxes paid
$30.0M
$1.0M
$25.0M
$1.0M
Income taxes refunded
($6.0M)
($1.0M)
($5.0M)
$0
Cash and cash equivalents
$770.0M
$621.0M
$571.0M
$712.0M
Restricted cash and restricted cash equivalents
$1.4B
$1.5B
$1.3B
$1.4B
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period