# Navient LLC: overview

NAVI · Nasdaq · CIK 1593538 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/navi.md) · [Financials](/companies/navi/financials.md) · [Filings](/companies/navi/filings.md) · [Insiders](/companies/navi/insiders.md)

Latest reported revenue: [$43.0m](/filings/0000950170-25-032042.md) for Q4 FY2024, three months to 2024-12-31, from the 10-K/A filed Mar 4, 2025 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000950170-25-032042).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [70.0](/filings/0000950170-24-119084.md) | [43.0 d](/filings/0000950170-25-032042.md) | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(2.9%)](/filings/0001193125-25-256361.md) | [55.8% d](/filings/0001193125-26-076753.md) | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(0.02)](/filings/0001193125-25-256361.md) | not reported | [(0.02)](/filings/0001193125-26-191605.md) | [0.13](/filings/0001193125-26-340245.md) | [(0.87)](/filings/0001193125-25-256361.md) | not reported | [0.17](/filings/0001193125-26-191605.md) | [0.26](/filings/0001193125-26-340245.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [507](/filings/0000950170-24-020149.md) | [332](/filings/0000950170-25-032042.md) | [321](/filings/0000950170-25-032042.md) | [271](/filings/0000950170-25-032042.md) | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [141.4%](/filings/0000950170-24-020149.md) | [194.3%](/filings/0000950170-25-032042.md) | [71.0%](/filings/0001193125-26-076753.md) | [48.3%](/filings/0001193125-26-076753.md) | not reported |
| Diluted EPS | $ per share | [4.18](/filings/0000950170-24-020149.md) | [4.49](/filings/0000950170-25-032042.md) | [1.85](/filings/0001193125-26-076753.md) | [1.18](/filings/0001193125-26-076753.md) | [(0.81)](/filings/0001193125-26-076753.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/navi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Sherborne Investors Management LP](/funds/1406672.md) | 2026-06-30 | $250.6m | 29,449,997 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $110.2m | 12,953,626 |  | Added +237,745 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $45.2m | 5,310,075 |  | Reduced −1,073,458 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $23.9m | 2,803,871 |  | Reduced −86,900 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $23.4m | 2,744,553 |  | Added +141,680 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $20.5m | 2,403,294 |  | Reduced −1,274,231 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $17.2m | 2,025,374 |  | Reduced −72,860 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $16.5m | 1,939,380 |  | Added +568,590 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $15.7m | 1,843,645 |  | Reduced −345,559 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $14.8m | 1,734,114 |  | Reduced −2,065 |

## Recent filings

[All 963 filings](/companies/navi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-21 | 16:15 ET | [8-K](/filings/0001140361-26-040389.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-040389 |
| 2026-09-25 | 08:05 ET | [8-K](/filings/0001140361-26-037626.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-037626 |
| 2026-08-07 | 16:09 ET | [10-Q](/filings/0001193125-26-340245.md) | Quarterly report, period 2026-06-30 | 0001193125-26-340245 |
| 2026-08-06 | 16:13 ET | [8-K](/filings/0001193125-26-338039.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-338039 |
| 2026-07-02 | 16:15 ET | [8-K](/filings/0001140361-26-027441.md) | 1.05 Material cybersecurity incident | 0001140361-26-027441 |
| 2026-06-05 | 09:00 ET | [8-K](/filings/0001140361-26-024115.md) | 5.07 Shareholder vote results | 0001140361-26-024115 |
| 2026-05-29 | 16:42 ET | [8-K](/filings/0001193125-26-248512.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-248512 |
| 2026-04-29 | 16:14 ET | [10-Q](/filings/0001193125-26-191605.md) | Quarterly report, period 2026-03-31 | 0001193125-26-191605 |
| 2026-04-29 | 17:40 ET | [8-K](/filings/0001193125-26-187863.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-187863 |
| 2026-04-17 | 16:16 ET | [SCHEDULE 13D/A](/filings/0000921895-26-001023.md) | Ownership report, active investor, amended | 0000921895-26-001023 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-076753.md), filed Feb 26, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1593538
- Tickers: NAVI, JSM
- Exchange: Nasdaq
- SIC code: 6211 Security Brokers, Dealers & Flotation Companies
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 07:44 ET. No prices; not investment advice.