1.Sales and profit
See section β- Navient Corp had $610M of revenue in fiscal 2025, up 125.1% on the year before. Over five years, revenue changed +9.5% a year on average.
- Navient Corp lost $80.0M in fiscal 2025.
Navient Corp
NAVI Nasdaq Security Brokers, Dealers & Flotation Companies Financials FY2016βFY2025
Navient Corp had $610M of revenue in fiscal 2025, up 125.1% on the year before. Over five years, revenue changed +9.5% a year on average.
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3-page PDF: the company, its results and charts with peers.
Last close Β· Oct 23, 2026
$8.50
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KIRAβs summary AI analyst
Hi! I read Navient Corpβs latest annual report (fiscal 2025). Here is what stands out:
1 strength 1 to watch
2.Cash and shareholders
See section β- Navient Corp returned $174M to shareholders in fiscal 2025. The diluted share count fell 10.8%.
- No open-market insider trades in the last 12 months.
3.Financial health
See section β- Navient Corp owes $45.1B more than it holds in cash.
- Navient Corp passes 4 of 7 financial health tests (Piotroski F-score).
Navient Corp in 30 seconds
Good So-so Weak
Good
Are sales growing?
+125.1%
Yes. Sales grew 125.1% last year.
Weak
Does it make a profit?
β13.1%
No. It lost money last year.
So-so
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
For information
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$808M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
On β$0.49 EPS (TTM)
Sales and profit
Is it selling more, and how much does it keep?
Results dates
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Navient Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 4, 2026
Wednesday Β· in 10 days
- Time
- After the market closes
- Covers
- Period ended Sep 30, 2026
- Expected EPS
- $0.16
- Source
- Earnings calendar
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 6, 2026 | Q2 '26 | After the market closes | 8-K β |
| Apr 29, 2026 | Q1 '26 | Time not announced | 8-K β |
| Jan 28, 2026 | Q4 '25 | Time not announced | 8-K β |
| Oct 29, 2025 | Q3 '25 | Time not announced | 8-K β |
| Jul 30, 2025 | Q2 '25 | Time not announced | 8-K β |
| Apr 30, 2025 | Q1 '25 | Time not announced | 8-K β |
| Jan 29, 2025 | Q4 '24 | Time not announced | 8-K β |
| Oct 30, 2024 | Q3 '24 | Time not announced | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
Revenue and margins
KIRA Β· Navient Corp had $610M of revenue in fiscal 2025, up 125.1% on the year before. Over five years, revenue changed +9.5% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
FY16
Revenue $2.5B
FY17
Revenue $2.2B
FY18
Revenue $359M
FY19
Revenue $391M
FY20
Revenue $388M
FY21
Revenue $507M
FY22
Revenue $332M
FY23
Revenue $321M
FY24
Revenue $271M
FY25
Revenue $610M
Q3 '23
Revenue $85.0M
Q4 '23
Revenue $81.0M
Q1 '24
Revenue $77.0M
Q2 '24
Revenue $81.0M
Q3 '24
Revenue $70.0M
Q4 '24
Revenue $43.0M
Q1 '25
Revenue $156M
Q2 '25
Revenue $156M
Q3 '25
Revenue $161M
Q4 '25
Revenue $137M
Q1 '26
Revenue $152M
Q2 '26
Revenue $150M
FY16
Gross β
Operating β
Net 27.0%
FCF β
FY17
Gross β
Operating β
Net 13.2%
FCF β
FY18
Gross β
Operating β
Net 110.0%
FCF β
FY19
Gross β
Operating β
Net 152.7%
FCF β
FY20
Gross β
Operating β
Net 106.2%
FCF β
FY21
Gross β
Operating β
Net 141.4%
FCF β
FY22
Gross β
Operating β
Net 194.3%
FCF β
FY23
Gross β
Operating β
Net 71.0%
FCF β
FY24
Gross β
Operating β
Net 48.3%
FCF β
FY25
Gross β
Operating β
Net β13.1%
FCF β
Gross
Operating
Net
FCF
Q3 '23
Gross β
Operating β
Net 92.9%
FCF β
Q4 '23
Gross β
Operating β
Net β34.6%
FCF β
Q1 '24
Gross β
Operating β
Net 94.8%
FCF β
Q2 '24
Gross β
Operating β
Net 44.4%
FCF β
Q3 '24
Gross β
Operating β
Net β2.9%
FCF β
Q4 '24
Gross β
Operating β
Net 55.8%
FCF β
Q1 '25
Gross β
Operating β
Net β1.3%
FCF β
Q2 '25
Gross β
Operating β
Net 9.0%
FCF β
Q3 '25
Gross β
Operating β
Net β53.4%
FCF β
Q4 '25
Gross β
Operating β
Net β3.6%
FCF β
Q1 '26
Gross β
Operating β
Net 11.2%
FCF β
Q2 '26
Gross β
Operating β
Net 16.7%
FCF β
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Navient Corp lost $80.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
FY16
Net income $681M
FY17
Net income $292M
FY18
Net income $395M
FY19
Net income $597M
FY20
Net income $412M
FY21
Net income $717M
FY22
Net income $645M
FY23
Net income $228M
FY24
Net income $131M
FY25
Net income β$80.0M
Q3 '23
Net income $79.0M
Q4 '23
Net income β$28.0M
Q1 '24
Net income $73.0M
Q2 '24
Net income $36.0M
Q3 '24
Net income β$2.0M
Q4 '24
Net income $24.0M
Q1 '25
Net income β$2.0M
Q2 '25
Net income $14.0M
Q3 '25
Net income β$86.0M
Q4 '25
Net income β$5.0M
Q1 '26
Net income $17.0M
Q2 '26
Net income $25.0M
FY16
Diluted EPS $2.12
FY17
Diluted EPS $1.04
FY18
Diluted EPS $1.49
FY19
Diluted EPS $2.56
FY20
Diluted EPS $2.12
FY21
Diluted EPS $4.18
FY22
Diluted EPS $4.49
FY23
Diluted EPS $1.85
FY24
Diluted EPS $1.18
FY25
Diluted EPS β$0.81
Q3 '23
Diluted EPS $0.65
Q4 '23
Diluted EPS β$0.18
Q1 '24
Diluted EPS $0.64
Q2 '24
Diluted EPS $0.32
Q3 '24
Diluted EPS β$0.02
Q4 '24
Diluted EPS $0.24
Q1 '25
Diluted EPS β$0.02
Q2 '25
Diluted EPS $0.13
Q3 '25
Diluted EPS β$0.87
Q4 '25
Diluted EPS β$0.05
Q1 '26
Diluted EPS $0.17
Q2 '26
Diluted EPS $0.26
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
FY16
Free cash flow β
FY17
Free cash flow β
FY18
Free cash flow β
FY19
Free cash flow β
FY20
Free cash flow β
FY21
Free cash flow β
FY22
Free cash flow β
FY23
Free cash flow β
FY24
Free cash flow β
FY25
Free cash flow β
FY16
Cash from operations $1.3B
Capital spending β
FY17
Cash from operations $1.2B
Capital spending β
FY18
Cash from operations $1.1B
Capital spending β
FY19
Cash from operations $1.0B
Capital spending β
FY20
Cash from operations $987M
Capital spending β
FY21
Cash from operations $702M
Capital spending β
FY22
Cash from operations $305M
Capital spending β
FY23
Cash from operations $676M
Capital spending β
FY24
Cash from operations $459M
Capital spending β
FY25
Cash from operations $441M
Capital spending β
Cash from operations
Capital spending
Q3 '23
Cash from operations $122M
Capital spending β
Q4 '23
Cash from operations $310M
Capital spending β
Q1 '24
Cash from operations $182M
Capital spending β
Q2 '24
Cash from operations $279M
Capital spending β
Q3 '24
Cash from operations β$10.0M
Capital spending β
Q4 '24
Cash from operations $8.0M
Capital spending β
Q1 '25
Cash from operations $71.0M
Capital spending β
Q2 '25
Cash from operations $126M
Capital spending β
Q3 '25
Cash from operations $70.0M
Capital spending β
Q4 '25
Cash from operations $174M
Capital spending β
Q1 '26
Cash from operations β$47.0M
Capital spending β
Q2 '26
Cash from operations $143M
Capital spending β
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· Navient Corp returned $174M to shareholders in fiscal 2025. The diluted share count fell 10.8%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
FY16
Dividends $201M
Buybacks $755M
FY17
Dividends $176M
Buybacks $440M
FY18
Dividends $166M
Buybacks $220M
FY19
Dividends $147M
Buybacks $440M
FY20
Dividends $123M
Buybacks $400M
FY21
Dividends $107M
Buybacks $600M
FY22
Dividends $91.0M
Buybacks $400M
FY23
Dividends $78.0M
Buybacks $310M
FY24
Dividends $70.0M
Buybacks $179M
FY25
Dividends $63.0M
Buybacks $111M
Dividends
Buybacks
Q3 '23
Dividends $19.0M
Buybacks $75.0M
Q4 '23
Dividends $19.0M
Buybacks $70.0M
Q1 '24
Dividends $18.0M
Buybacks $43.0M
Q2 '24
Dividends $17.0M
Buybacks $38.0M
Q3 '24
Dividends $18.0M
Buybacks $33.0M
Q4 '24
Dividends $17.0M
Buybacks $65.0M
Q1 '25
Dividends $16.0M
Buybacks $35.0M
Q2 '25
Dividends $16.0M
Buybacks $24.0M
Q3 '25
Dividends $16.0M
Buybacks $26.0M
Q4 '25
Dividends $15.0M
Buybacks $26.0M
Q1 '26
Dividends $15.0M
Buybacks $23.0M
Q2 '26
Dividends $15.0M
Buybacks $3.0M
Dividends
Buybacks
FY16
Diluted shares 0.32B
FY17
Diluted shares 0.28B
FY18
Diluted shares 0.26B
FY19
Diluted shares 0.23B
FY20
Diluted shares 0.20B
FY21
Diluted shares 0.17B
FY22
Diluted shares 0.14B
FY23
Diluted shares 0.12B
FY24
Diluted shares 0.11B
FY25
Diluted shares 0.10B
Insider trades
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· Navient Corp owes $45.1B more than it holds in cash.
Cash, debt and the ratios that show how comfortably Navient Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
FY16
Cash $1.3B
Debt $114.7B
FY17
Cash $1.5B
Debt $109.8B
FY18
Cash $1.3B
Debt $98.9B
FY19
Cash $1.2B
Debt $90.2B
FY20
Cash $1.2B
Debt $83.9B
FY21
Cash $905M
Debt $77.0B
FY22
Cash $1.5B
Debt $66.9B
FY23
Cash $839M
Debt $57.6B
FY24
Cash $722M
Debt $48.3B
FY25
Cash $637M
Debt $45.7B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $905M | $1.5B | $839M | $722M | $637M |
| Debt incl. finance leases | $77.0B | $66.9B | $57.6B | $48.3B | $45.7B |
| Debt / equity | 29.6x | 22.5x | 20.9x | 18.3x | 19.1x |
| Total assets | $80.6B | $70.8B | $61.4B | $51.8B | $48.7B |
| Total liabilities | $78.0B | $67.8B | $58.6B | $49.1B | $46.3B |
| Shareholders' equity | $2.6B | $3.0B | $2.8B | $2.6B | $2.4B |
| Net debt (β = net cash) | $76.1B | $65.4B | $56.8B | $47.6B | $45.1B |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
FY16
Return on capital β
Return on equity 18.4%
Return on assets 0.6%
FY17
Return on capital β
Return on equity 8.2%
Return on assets 0.2%
FY18
Return on capital β
Return on equity 11.3%
Return on assets 0.4%
FY19
Return on capital β
Return on equity 17.4%
Return on assets 0.6%
FY20
Return on capital β
Return on equity 14.3%
Return on assets 0.5%
FY21
Return on capital β
Return on equity 28.5%
Return on assets 0.9%
FY22
Return on capital β
Return on equity 23.1%
Return on assets 0.9%
FY23
Return on capital β
Return on equity 7.9%
Return on assets 0.3%
FY24
Return on capital β
Return on equity 4.9%
Return on assets 0.2%
FY25
Return on capital β
Return on equity β3.2%
Return on assets β0.2%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· Navient Corp passes 4 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 7 | 6 / 7 | 6 / 7 | 5 / 7 | 6 / 7 | 5 / 7 | 6 / 7 | 6 / 7 | 4 / 7 |
| Accruals ratio | β0.5% | β0.7% | β0.7% | β0.4% | β0.6% | 0.0% | 0.4% | β0.7% | β0.6% | β1.0% |
| Altman Z'' | β | β | β | β | β | β | β | β | β | β |
All figures
Every number, year by year.
10 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.5B | $2.2B | $359M | $391M | $388M | $507M | $332M | $321M | $271M | $610M |
| Net interest income | $1.7B | $1.4B | $1.2B | $1.2B | $1.3B | $1.3B | $1.1B | $862M | $536M | $519M |
| Noninterest income | $819M | $796M | $702M | $856M | $430M | $806M | $616M | $409M | $616M | $91.0M |
| Noninterest expense | $987M | $1.0B | $1.0B | $1.0B | $995M | $1.3B | $831M | $835M | $865M | $441M |
| Provision for credit losses | $429M | $426M | $370M | $258M | $155M | β$61.0M | $79.0M | $123M | β | β |
| Interest expense | $2.4B | $3.0B | $3.7B | $3.5B | $2.0B | $1.3B | $2.1B | $3.6B | β | β |
| Pretax income | $1.1B | $764M | $528M | $763M | $532M | $936M | $827M | $313M | $174M | β$111M |
| Income tax | $427M | $472M | $133M | $166M | $120M | $219M | $182M | $85.0M | $43.0M | β$31.0M |
| Net income | $681M | $292M | $395M | $597M | $412M | $717M | $645M | $228M | $131M | β$80.0M |
| Net income to common | $681M | β | β | β | β | β | β | β | β | β |
| Diluted EPS | $2.12 | $1.04 | $1.49 | $2.56 | $2.12 | $4.18 | $4.49 | $1.85 | $1.18 | β$0.81 |
| Diluted shares | 0.32B | 0.28B | 0.26B | 0.23B | 0.20B | 0.17B | 0.14B | 0.12B | 0.11B | 0.10B |
| Cash flow | ||||||||||
| Cash from operations | $1.3B | $1.2B | $1.1B | $1.0B | $987M | $702M | $305M | $676M | $459M | $441M |
| Stock-based compensation | $26.0M | $35.0M | $25.0M | $25.0M | $18.0M | $22.0M | $19.0M | $24.0M | $23.0M | $21.0M |
| Acquisitions | β | $216M | β | β | β | $16.0M | $0.0M | $0.0M | β | β |
| Share buybacks | $755M | $440M | $220M | $440M | $400M | $600M | $400M | $310M | $179M | $111M |
| Dividends paid | $201M | $176M | $166M | $147M | $123M | $107M | $91.0M | $78.0M | $70.0M | $63.0M |
| Dividends and buybacks | $956M | $616M | $386M | $587M | $523M | $707M | $491M | $388M | $249M | $174M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.3B | $1.5B | $1.3B | $1.2B | $1.2B | $905M | $1.5B | $839M | $722M | $637M |
| Total debt | $114.7B | $109.8B | $98.9B | $90.2B | $83.9B | $77.0B | $66.9B | $57.6B | $48.3B | $45.7B |
| Loans, net | $148M | $59.0M | $69.0M | β | β | β | β | β | β | β |
| Property and equipment, net | $160M | $156M | $136M | $135M | $116M | $95.0M | $74.0M | $62.0M | $52.0M | $23.0M |
| Goodwill | $545M | $701M | $665M | $665M | $665M | $671M | $670M | $670M | $428M | $428M |
| Intangible assets | $124M | $108M | $121M | $92.0M | $70.0M | $55.0M | $35.0M | $25.0M | $9.0M | $6.0M |
| Total assets | $121.1B | $115.0B | $104.2B | $94.9B | $87.4B | $80.6B | $70.8B | $61.4B | $51.8B | $48.7B |
| Total liabilities | $117.4B | $111.5B | $100.6B | $91.6B | $85.0B | $78.0B | $67.8B | $58.6B | $49.1B | $46.3B |
| Shareholders' equity | $3.7B | $3.5B | $3.5B | $3.3B | $2.4B | $2.6B | $3.0B | $2.8B | $2.6B | $2.4B |
| Margins | ||||||||||
| Net margin | 27.0% | 13.2% | 110.0% | 152.7% | 106.2% | 141.4% | 194.3% | 71.0% | 48.3% | β13.1% |
| Net interest share of revenue | 67.6% | 63.9% | 345.4% | 303.1% | 322.7% | 262.7% | 337.7% | 268.5% | 197.8% | 85.1% |
| Efficiency ratio | 39.1% | 46.1% | 290.8% | 260.9% | 256.4% | 249.1% | 250.3% | 260.1% | 319.2% | 72.3% |
| Returns | ||||||||||
| Return on equity | 18.4% | 8.2% | 11.3% | 17.4% | 14.3% | 28.5% | 23.1% | 7.9% | 4.9% | β3.2% |
| Return on assets | 0.6% | 0.2% | 0.4% | 0.6% | 0.5% | 0.9% | 0.9% | 0.3% | 0.2% | β0.2% |
| Return on tangible equity | 22.5% | 11.0% | 14.5% | 23.1% | 24.3% | 38.3% | 28.4% | 11.0% | 5.9% | β4.1% |
| Growth | ||||||||||
| Revenue growth | β | β12.5% | β83.7% | 8.9% | β0.8% | 30.7% | β34.5% | β3.3% | β15.6% | 125.1% |
| Net income growth | β | β57.1% | 35.3% | 51.1% | β31.0% | 74.0% | β10.0% | β64.7% | β42.5% | β161.1% |
| EPS growth | β | β50.9% | 43.3% | 71.8% | β17.2% | 97.2% | 7.4% | β58.8% | β36.2% | β168.6% |
| Share count change | β | β12.7% | β6.0% | β11.7% | β16.3% | β11.8% | β16.3% | β14.6% | β9.8% | β10.8% |
| Financial health | ||||||||||
| Debt / equity | 31.0x | 31.8x | 28.1x | 27.0x | 34.5x | 29.6x | 22.5x | 20.9x | 18.3x | 19.1x |
| Provision / loans | 289.9% | 722.0% | 536.2% | β | β | β | β | β | β | β |
| Capital allocation | ||||||||||
| Stock comp / revenue | 1.0% | 1.6% | 7.0% | 6.4% | 4.6% | 4.3% | 5.7% | 7.5% | 8.5% | 3.4% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 6.0 | 6.0 | 5.0 | 6.0 | 5.0 | 6.0 | 6.0 | 4.0 |
| Accruals ratio | β0.5% | β0.7% | β0.7% | β0.4% | β0.6% | 0.0% | 0.4% | β0.7% | β0.6% | β1.0% |
Source: SEC EDGAR XBRL filings (CIK 0001593538). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.