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Navient
Navient (NAVI) investor relations material
Navient Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary28 Jan, 2026
Executive summary
Completed phase one transformation, exceeding $400 million expense reduction target, increasing future life of loan cash flows by $2 billion, and enhancing financial flexibility.
Management structure realigned, with in-school lending consolidated under Navient and Earnest focused on refi and personal loans.
Strategic actions included divesting healthcare and government services businesses, reducing headcount by 85% compared to year-end 2023, and ceasing business processing operations.
Focused on maximizing cash flows from loan portfolios, enhancing growth businesses, and maintaining a strong balance sheet while distributing excess capital to shareholders.
2025 saw record loan originations and significant operating leverage, positioning for strong 2026 growth.
Financial highlights
Q4 2025 core earnings per share were $0.02; full-year core loss per share was $0.35; Q4 2025 GAAP net loss was $5 million, full-year GAAP net loss was $80 million.
Total core operating expenses in Q4 were $88 million, a 40% improvement year-over-year; full-year expenses were $438 million, down nearly 50% from 2023.
4Q25 GAAP revenue was $137 million, with core earnings revenue at $144 million; full-year 2025 GAAP revenue was $610 million, core earnings revenue $672 million.
Consumer lending segment Q4 net income was $25 million, down from $37 million in Q4 2024; federal education loan segment Q4 net income was $27 million, up $17 million year-over-year.
Allowance for loan loss across the education loan portfolio was $707 million at year-end.
Outlook and guidance
Targeting $4 billion in total loan originations for 2026, representing over 60% growth over 2025.
Full-year 2026 core EPS guidance is $0.65–$0.80, net of a $0.35–$0.40 per share impact from CECL charges and growth investments.
2026 expenses projected at $350 million, $88 million lower than 2025.
Expecting over 50% growth in both refi and in-school lending, with personal lending remaining below $100 million as a pilot.
Explain the $34M legacy loan loss provision.
How does outsourcing impact future cost structure?
Refinance loan growth vs. net interest margin impact?
Private legacy vs. refi reserve adequacy
Fair value accounting impact on growth funding
TSA completion impact on expense reduction
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Next Navient earnings date
Q1 202629 Apr, 2026
Navient
Next Navient earnings date
Q1 202629 Apr, 2026
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Frequently asked questions
Navient Corporation provides asset management and business processing solutions to education, healthcare and government clients at the federal, state, and local levels. We help our clients and millions of Americans achieve financial success through our services and support. Headquartered in Wilmington, Delaware, Navient employs team members in Western New York, Northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, and other locations. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
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