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Navient (NAVI)

Market Price (7/10/2026): $8.04 | Market Cap: $763.8 MilSector: Financials | Industry: Consumer Finance

Navient (NAVI)

Market Price (7/10/2026): $8.04
Market Cap: $763.8 Mil
Sector: Financials
Industry: Consumer Finance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 53%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38%

Attractive yield
Dividend Yield is 8.1%, FCF Yield is 42%

Low stock price volatility
Vol 12M is 39%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending.

Weak multi-year price returns
2Y Excs Rtn is -74%, 3Y Excs Rtn is -120%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 5771%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -27%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -26%, Rev Chg QQuarterly Revenue Change % is -2.6%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9%

Key risks
NAVI key risks include [1] lingering litigation and regulatory fallout from historical student loan servicing practices and [2] significant execution challenges in its strategic pivot to new growth initiatives.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 53%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38%
2 Attractive yield
Dividend Yield is 8.1%, FCF Yield is 42%
3 Low stock price volatility
Vol 12M is 39%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending.
5 Weak multi-year price returns
2Y Excs Rtn is -74%, 3Y Excs Rtn is -120%
6 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
7 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 5771%
8 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -27%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -26%, Rev Chg QQuarterly Revenue Change % is -2.6%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9%
10 Key risks
NAVI key risks include [1] lingering litigation and regulatory fallout from historical student loan servicing practices and [2] significant execution challenges in its strategic pivot to new growth initiatives.

NAVI in ETFs

Weight = NAVI's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
IJR0.03%
VYM0.00%
VB0.01%
FNDA0.08%
VIOV0.07%
+11 more covered ETFs

Valuation & Metrics

FYE: 12/31NAVI [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$606.0 Mil—
FY 2026 Sales$595.9 Mil—
FY 2027 Sales$678.0 Mil—
FY 2026 Sales Growth-1.7%—
FY 2027 Sales Growth13.8%8.1%
EARNINGS
LTM Net Income (GAAP) [3]$-60.0 Mil—
FY 2026 Net Income (Non-GAAP)$70.5 Mil—
FY 2027 Net Income (Non-GAAP)$92.0 Mil—
FY 2027 Net Income Growth30.5%16.3%
FY 2026 EPS (Non-GAAP)$0.71—
FY 2027 EPS (Non-GAAP)$0.95—
FY 2027 EPS Growth32.3%—
VALUATION
FY 2026 P/S1.33.3
FY 2027 P/S1.1—
FY 2026 P/E10.820.0
FY 2027 P/E8.3—

[1] NAVI forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
NAVIS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)0.6
Rev Chg Q-2.6%8.9%
Rev Chg LTM-27.1%7.5%
Rev Chg 3Y Avg-25.8%5.9%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)0.3
Net Inc LTM ($ Bil)-0.1
CFO/Rev LTM53.3%21.4%
Net Inc Mgn-9.9%13.0%
VALUATIONLOW
P/S1.33.3
P/CFO2.415.4
P/FCF2.419.9
P/E-12.724.4

AI Analysis | Feedback

MetricValueDateSource
Federal Education Loans Delinquencies (greater than 90 days)1.9 billion4242024Link
Federal Education Loans Forbearances5.5 billion4242024Link
Federal Education Loans Net Charge-offs10 million4242024Link
Private Education Loans Delinquencies (greater than 90 days)351 million4242024Link
Private Education Loans Forbearances297 million4242024Link
Private Education Loans Net Charge-offs99 million4242024Link
Private Education Refinance Loan Originations228 million4242024Link
Private Education In-school Loan Originations31 million4242024Link

Price Chart

Upcoming
8/06/2026Earnings ReleaseRev: $142 Mil (E)
EPS: $0.18 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/8/2026

Navient (NAVI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Mixed Q1 2026 Financial Results Amidst Credit Quality Concerns. While Navient's fiscal Q1 2026 results, released on April 29, 2026, surpassed analyst expectations with an EPS of $0.20 (beating the $0.17 consensus by $0.03) and revenue of $152 million (exceeding estimates of $141.47 million), underlying credit quality trends presented a mixed picture. The company experienced a 44 basis point decrease in consumer net interest margin (NIM) to 2.32% and a 19 basis point increase in net charge-offs (NCOs) to 2.06%, indicating some deterioration in loan performance despite reported strong loan growth and disciplined expenses. This balance of positive top-line performance against credit concerns likely kept the stock from significant directional movement.

2. Anticipation of Q2 2026 Earnings and Leadership Transition. Investor sentiment remained largely on hold due to the upcoming fiscal Q2 2026 earnings announcement, scheduled for August 6, 2026. The absence of new financial data for the period since March 31, 2026, created a "wait-and-see" approach. This period also saw a significant leadership change, with Edward Bramson, the Board Chairman, appointed as the new CEO effective June 5, 2026. This transition signaled ongoing strategic adjustments within the company, contributing to market equilibrium as investors awaited future clarity.

Show more
Updated on 7/8/2026

Navient (NAVI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Mixed Q1 2026 Financial Results Amidst Credit Quality Concerns. While Navient's fiscal Q1 2026 results, released on April 29, 2026, surpassed analyst expectations with an EPS of $0.20 (beating the $0.17 consensus by $0.03) and revenue of $152 million (exceeding estimates of $141.47 million), underlying credit quality trends presented a mixed picture. The company experienced a 44 basis point decrease in consumer net interest margin (NIM) to 2.32% and a 19 basis point increase in net charge-offs (NCOs) to 2.06%, indicating some deterioration in loan performance despite reported strong loan growth and disciplined expenses. This balance of positive top-line performance against credit concerns likely kept the stock from significant directional movement.

2. Anticipation of Q2 2026 Earnings and Leadership Transition. Investor sentiment remained largely on hold due to the upcoming fiscal Q2 2026 earnings announcement, scheduled for August 6, 2026. The absence of new financial data for the period since March 31, 2026, created a "wait-and-see" approach. This period also saw a significant leadership change, with Edward Bramson, the Board Chairman, appointed as the new CEO effective June 5, 2026. This transition signaled ongoing strategic adjustments within the company, contributing to market equilibrium as investors awaited future clarity.

3. Ambiguous Analyst Sentiment and Price Targets. Analyst coverage during the period reflected an indecisive outlook, contributing to the stock's stable trading. As of early July 2026, Navient held an average brokerage recommendation of "Hold" (3.30 on a scale of 1 to 5). A consensus of 6 analysts rated the stock as "Sell" overall, with 67% recommending to "Hold" the stock, 17% advising "Sell," and 17% predicting a "Strong Sell," with no "Strong Buy" or "Buy" recommendations from this group. The median price target from five analysts over the preceding six months was $9.0, with a range from $7.00 to $14.00, suggesting limited upside potential from its roughly $8.61 closing price on July 2, 2026. This lack of a strong bullish or bearish consensus helped anchor the stock price.

4. Strategic Shift Towards Higher-Quality Graduate Loans. Navient's strategic focus on strengthening its position in the asset-backed securities (ABS) market and shifting its portfolio towards higher-quality graduate loans provided a positive counterbalance to some of the credit quality concerns. Robust investor demand during the company's annual ABS sale in June, characterized by a strong 45% graduate loan mix, was noted as a favorable market perception for this strategic direction. This long-term positive outlook likely helped stabilize the stock against short-term uncertainties, fostering a relatively flat trend.

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Stock Movement Drivers

Fundamental Drivers

The 0.2% change in NAVI stock from 3/31/2026 to 7/9/2026 was primarily driven by a 1.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120267092026Change
Stock Price ($)8.018.030.2%
Change Contribution By: 
Total Revenues ($ Mil)610606-0.7%
P/S Multiple1.31.3-0.2%
Shares Outstanding (Mil)96951.1%
Cumulative Contribution0.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
NAVI0.2% 
Market (SPY)15.6%4.3%
Sector (XLF)12.5%49.1%

Fundamental Drivers

The -35.7% change in NAVI stock from 12/31/2025 to 7/9/2026 was primarily driven by a -25.6% change in the company's P/S Multiple.
(LTM values as of)123120257092026Change
Stock Price ($)12.498.03-35.7%
Change Contribution By: 
Total Revenues ($ Mil)724606-16.3%
P/S Multiple1.71.3-25.6%
Shares Outstanding (Mil)98953.2%
Cumulative Contribution-35.7%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
NAVI-35.7% 
Market (SPY)10.5%15.6%
Sector (XLF)1.9%44.0%

Fundamental Drivers

The -39.3% change in NAVI stock from 6/30/2025 to 7/9/2026 was primarily driven by a -27.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257092026Change
Stock Price ($)13.228.03-39.3%
Change Contribution By: 
Total Revenues ($ Mil)831606-27.1%
P/S Multiple1.61.3-22.4%
Shares Outstanding (Mil)102957.4%
Cumulative Contribution-39.3%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
NAVI-39.3% 
Market (SPY)22.7%20.1%
Sector (XLF)7.3%45.3%

Fundamental Drivers

The -49.9% change in NAVI stock from 6/30/2023 to 7/9/2026 was primarily driven by a -59.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237092026Change
Stock Price ($)16.028.03-49.9%
Change Contribution By: 
Total Revenues ($ Mil)1,499606-59.6%
P/S Multiple1.41.3-8.7%
Shares Outstanding (Mil)1299535.8%
Cumulative Contribution-49.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
NAVI-49.9% 
Market (SPY)75.6%44.2%
Sector (XLF)72.2%56.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NAVI Return124%-19%18%-26%3%-35%5%
Peers Return42%-30%44%41%32%-14%129%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
NAVI Win Rate83%50%50%42%58%29% 
Peers Win Rate58%36%47%50%64%38% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
NAVI Max Drawdown-21%-42%-24%-27%-26%-42% 
Peers Max Drawdown-24%-43%-32%-23%-30%-32% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLM, SOFI, NNI. See NAVI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

How Low Can It Go

EventNAVIS&P 500
2025 US Tariff Shock
  % Loss-22.4%-18.8%
  % Gain to Breakeven28.9%23.1%
  Time to Breakeven34 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.8%-9.5%
  % Gain to Breakeven21.7%10.5%
  Time to Breakeven48 days24 days
2023 SVB Regional Banking Crisis
  % Loss-21.9%-6.7%
  % Gain to Breakeven28.0%7.1%
  Time to Breakeven33 days31 days
2020 COVID-19 Crash
  % Loss-64.6%-33.7%
  % Gain to Breakeven182.6%50.9%
  Time to Breakeven359 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-37.6%-19.2%
  % Gain to Breakeven60.2%23.8%
  Time to Breakeven127 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.2%-3.7%
  % Gain to Breakeven13.9%3.9%
  Time to Breakeven9 days6 days

Compare to SLM, SOFI, NNI

In The Past

Navient's stock fell -22.4% during the 2025 US Tariff Shock. Such a loss loss requires a 28.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNAVIS&P 500
2025 US Tariff Shock
  % Loss-22.4%-18.8%
  % Gain to Breakeven28.9%23.1%
  Time to Breakeven34 days79 days
2023 SVB Regional Banking Crisis
  % Loss-21.9%-6.7%
  % Gain to Breakeven28.0%7.1%
  Time to Breakeven33 days31 days
2020 COVID-19 Crash
  % Loss-64.6%-33.7%
  % Gain to Breakeven182.6%50.9%
  Time to Breakeven359 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-37.6%-19.2%
  % Gain to Breakeven60.2%23.8%
  Time to Breakeven127 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-41.8%-12.2%
  % Gain to Breakeven71.8%13.9%
  Time to Breakeven160 days62 days
2014-2016 Oil Price Collapse
  % Loss-50.3%-6.8%
  % Gain to Breakeven101.2%7.3%
  Time to Breakeven273 days15 days

Compare to SLM, SOFI, NNI

In The Past

Navient's stock fell -22.4% during the 2025 US Tariff Shock. Such a loss loss requires a 28.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Navient (NAVI)

Navient Corporation (NAVI) is primarily involved in education loan management and business processing solutions. A significant part of its operation revolves around Federal Family Education Loan Program (FFELP) loans, where Navient owns a portfolio and provides servicing and asset recovery services. These FFELP loans are distinctive as they are insured or guaranteed by state or non-profit agencies, mitigating risk.

In addition to managing federal education loans, Navient also operates in consumer lending, where it originates, acquires, and services its own portfolio of private education loans, including both refinance and in-school options. The company diversifies its revenue streams by offering a suite of business processing solutions. This includes specialized healthcare services such as revenue cycle outsourcing, accounts receivable management, and consulting for hospitals, healthcare providers, and public health departments.

Navient further extends its business processing capabilities to the government sector, providing customized solutions to state governments, agencies, court systems, municipalities, and parking and tolling authorities. These services aim to enhance operational efficiency for public sector clients. The company's multifaceted approach positions it as a key provider of financial and administrative support across the education, healthcare, and government landscapes.

AI Analysis | Feedback

  • Like Sallie Mae for student loan servicing and debt collection.
  • A bit like Conduent, providing specialized business processing and collections for healthcare and government clients.

AI Analysis | Feedback

Navient's major products and services are:

  • Federal Education Loan Management: Managing and recovering assets from Federal Family Education Loan Program (FFELP) loans for its own portfolio and for other institutions.
  • Private Education Loan Origination & Servicing: Originating, acquiring, and servicing refinance and in-school private education loans for consumers.
  • Healthcare Business Processing: Providing revenue cycle outsourcing, accounts receivable management, and other specialized support services to healthcare providers and public health departments.
  • Government Business Processing: Offering business processing solutions to state governments, agencies, court systems, municipalities, and parking and tolling authorities.
  • Corporate Liquidity Portfolio Services: Providing specialized services for managing corporate liquidity portfolios.

AI Analysis | Feedback

Navient (NAVI) primarily serves individuals as its major customers, specifically in its education loan management and consumer lending segments.

The up to three categories of individual customers Navient serves are:

  • Students pursuing higher education: Individuals who secure in-school private education loans to finance their studies.
  • Existing student loan borrowers: Individuals seeking to refinance their private education loans or consolidate existing student loan debt.
  • Federal Family Education Loan Program (FFELP) borrowers: Individuals who have taken out FFELP loans, which Navient owns, manages, and performs servicing and asset recovery for.

AI Analysis | Feedback

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AI Analysis | Feedback

David L. Yowan, President & Chief Executive Officer

David L. Yowan has served as the President and Chief Executive Officer of Navient since May 2023. He joined the Navient Board of Directors in 2017. Prior to his role at Navient, Mr. Yowan was the Executive Vice President and Corporate Treasurer of American Express from 2006 to 2022. He has over 40 years of experience in risk management, balance sheet management, funding and liquidity, and in integrating financial management with business strategy. During his tenure at American Express, he played a crucial role in navigating the 2008-2009 financial crisis and led a significant transformation of the company's funding profile, including its transition into a bank holding company. Before joining American Express in 1999, Mr. Yowan worked at Citicorp in its global consumer banking business from 1987 to 1998 and earlier at the Ayco Corporation, which is now part of Goldman Sachs.

Steve Hauber, Executive Vice President & Chief Financial Officer

Steve Hauber was appointed Executive Vice President and Chief Financial Officer of Navient, effective January 7, 2026. In this role, he oversees Navient's finance and accounting operations, capital markets, and investor relations, while also maintaining his responsibilities for other corporate functions including legal, internal audit, and corporate compliance as Chief Administrative Officer. Mr. Hauber has been with Navient since 2003 and has previously held senior leadership positions within the company in risk management, compliance, and internal audit.

Troy Standish, Executive Vice President & Chief Operating Officer

Troy Standish serves as the Executive Vice President and Chief Operating Officer for Navient. He continues to lead Navient's education finance activities, which encompass the management of its Federal Family Education Loan Program (FFELP) and private loan portfolios, as well as in-school loan originations. Effective January 7, 2026, his responsibilities were expanded to include Navient's technology and human resource operations.

Matt Sheldon, Senior Vice President & General Counsel

Matt Sheldon is the Senior Vice President and General Counsel at Navient.

Mark Heleen, Executive Vice President, Chief Legal Officer & Secretary

Mark Heleen holds the position of Executive Vice President, Chief Legal Officer, and Secretary at Navient.

AI Analysis | Feedback

The key risks to Navient's business are primarily centered around regulatory scrutiny and its exit from federal student loan servicing, credit quality issues within its loan portfolios, and the challenges associated with executing its new strategic direction.

  1. Regulatory Scrutiny, Legal Issues, and Reputational Damage: Navient has a long history of regulatory violations and consumer protection lawsuits from various federal and state bodies, including the Consumer Financial Protection Bureau (CFPB), the Department of Education, and multiple state attorneys general. These actions stem from allegations of steering borrowers into forbearance, misallocating payments, providing incorrect information on income-driven repayment plans, and originating predatory student loans. A significant outcome of this scrutiny is the permanent ban on Navient from servicing federal student loans, which was formalized in 2024, requiring a substantial reorientation of its business model. The company has also faced considerable financial penalties, including a $1.85 billion settlement with 39 state attorneys general in 2022 and orders to pay millions in redress and penalties to harmed borrowers. This consistent legal and regulatory pressure has resulted in significant reputational damage.
  2. Credit Risk and Asset Quality: Navient faces ongoing credit risk, particularly within its private education loan portfolio. The company bears the full credit risk for these loans, unlike federally guaranteed FFELP loans which have limited loss exposure. Recent financial reports indicate an increase in delinquency rates and a higher provision for loan losses, contributing to a GAAP net loss in 2025. Economic variables, such as fluctuating interest rates and potential shifts in student loan policies, introduce further uncertainty regarding credit quality and could impact the performance of its loan portfolios.
  3. Execution Risk of New Growth Initiatives and Market Competition: Following its exit from federal student loan servicing, Navient is in the process of reorienting its business model, focusing on its remaining loan portfolios and expanding business processing solutions for healthcare and government entities. This strategic pivot involves significant execution risks, as developing and launching new loan products and fee-based services requires substantial resources and market understanding, with no guarantee of immediate profitability. The company also faces intense competition in the in-school lending market, requiring it to differentiate its offerings effectively while maintaining profitability. Changes in its business segments, such as the sale of its healthcare services and government services businesses, underscore the challenges in this diversification strategy.

AI Analysis | Feedback

The rapid advancement and adoption of artificial intelligence (AI) and automation technologies pose a clear emerging threat to Navient's Business Processing segment. These technologies can significantly automate and streamline tasks such as revenue cycle management, accounts receivable, and various government processing services. New companies specializing in AI-driven solutions, or existing competitors integrating these advanced tools, could offer substantially more efficient, accurate, and cost-effective alternatives, potentially disrupting Navient's traditional service models and eroding its market share in these areas.

AI Analysis | Feedback

Navient Corporation operates primarily in the education finance sector within the United States, focusing on managing its portfolio of federal education loans and its consumer lending segment, which includes private education loans and refinancing.

Addressable Markets for Navient's Main Products and Services (U.S. Region):

  • Federal Family Education Loan Program (FFELP) Loans (Ownership and Asset Recovery Services): While the FFELP program ceased issuing new loans in 2010, approximately $185.4 billion in FFELP student loans were outstanding in the U.S. as of late 2023. Navient actively manages a significant portion of these loans, holding around $40 billion in FFELP loans as of early 2024.
  • Consumer Lending (Private Education Loans - Origination, Acquisition, Servicing, and Refinancing):
    • The total private student loan debt in the U.S. was approximately $139.777 billion in the fourth quarter of 2024. Globally, the private student loans market was valued at $412.7 billion in 2023 and is projected to reach $980.8 billion by 2032.
    • The estimated total addressable market for student loan refinancing in the U.S. is $135 billion in 2026, increasing to $172 billion in 2028.

AI Analysis | Feedback

Navient (NAVI) is expected to drive future revenue growth over the next two to three years through the following key areas:

  1. Significant Growth in Consumer Lending Originations: Navient is targeting substantial growth in its consumer lending segment, particularly in refinance and in-school lending products. The company aims for $4 billion in total loan originations by 2026, representing approximately 60% growth over 2025, with both refinance and in-school lending expected to grow by over 50%. This focus on increasing loan volume in these areas is a primary revenue growth driver.
  2. Strategic Shift Towards Higher-Quality Graduate Loans: The company is actively shifting its loan portfolio towards higher-quality graduate loans. This strategic realignment is anticipated to enhance overall financial performance and improve revenue generation, partly due to favorable market perception and strong investor demand for asset-backed securities (ABS) that include a robust mix of graduate loans.
  3. Exploration of New Lending Products: While currently a smaller component, Navient is exploring and piloting new lending products, such as personal lending, with a target of less than $100 million for personal lending in 2026. If successful, these new ventures could represent an additional avenue for future revenue growth.

AI Analysis | Feedback

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Share Repurchases

  • Navient announced a new $1 billion share repurchase authority on December 13, 2021, which was in addition to approximately $150 million remaining from a previous authorization.
  • The company completed large share repurchase programs, retiring approximately 50.39% of its share count since 2021 for a total of $1.0 billion, as of December 31, 2025.
  • In Q3 2025, Navient repurchased $26 million of common shares and authorized a new $100 million share repurchase program. As of December 31, 2024, $111 million remained in share repurchase authorization.

Outbound Investments

  • Navient completed the sale of its healthcare services business, Xtend Healthcare, in September 2024, realizing a gain of $219 million.
  • The company finalized the sale of its government services business in February 2025, following an agreement in December 2024, marking the divestiture of its entire Business Processing segment.
  • In 2021, Navient acquired Going Merry, a financial aid platform, as part of efforts to improve access to financial aid.

Capital Expenditures

  • Navient focuses on investing capital to support new loan originations and overall business growth, particularly within its Consumer Lending segment through Earnest.
  • The company aims for $4 billion in total loan originations for 2026, anticipating over 50% growth in both refinancing and in-school lending products.
  • Strategic actions, including outsourcing student loan servicing, are expected to reduce the expense base and enhance financial flexibility, making capital available for investments in loan growth.
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FCELFuelCell Energy1.2-27.9%214.6%
SOLSSolstice Advanced Materials10.0-24.3%29.5%
VMETVersamet Royalties1.0-22.8%1.2%
MIDDMiddleby6.3-22.4%-10.3%
AIAIAIAI0.8-22.4%-25.2%
FBYDFalcons Beyond Global0.8-22.1%2.2%
CNTNCanton Strategic0.5-22.1%-24.4%
VPGVishay Precision1.5-21.2%194.8%
LPTHLightPath Technologies0.7-21.1%16.1%

Top Gainers

TickerCompanyMkt Cap (B)1M RtnYTD Rtn
RGNXRegenxbio0.8155.3%8.7%
CRNXCrinetics Pharmaceuticals8.7149.8%79.6%
BLZEBackblaze1.1134.6%282.6%
MBXMBX Biosciences3.1126.6%108.3%
DFTXDefinium Therapeutics, Inc.5.3110.5%258.6%
TRAXFirst Tracks Biotherapeutics1.1105.7%74.2%
STTKShattuck Labs0.880.3%92.6%
ABSIAbsci1.875.1%228.7%
TENXTenax Therapeutics0.873.8%50.3%
SLDBSolid Biosciences1.273.8%97.5%

Top Losers

TickerCompanyMkt Cap (B)1M RtnYTD Rtn
HTZHertz Global0.7-57.3%-57.8%
RDWRedwire2.0-43.6%37.8%
LUNRIntuitive Machines2.0-43.2%4.1%
NVTSNavitas Semiconductor3.3-42.1%98.6%
HYLNHyliion0.8-41.1%131.0%
PCTPureCycle Technologies1.3-37.9%-13.2%
AAOIApplied Optoelectronics9.3-37.9%250.6%
BLDPBallard Power Systems1.0-37.4%27.2%
AMPXAmprius Technologies1.6-36.9%50.6%
METCBRamaco Resources0.5-36.3%-34.0%

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Peer Comparisons

Peers to compare with:

Financials

NAVISLMSOFINNIMedian
NameNavient SLM SoFi Tec.Nelnet  
Mkt Price8.0324.7318.62132.5121.68
Mkt Cap0.84.823.84.84.8
Rev LTM6061,9633,9421,3751,669
Op Inc LTM-----
FCF LTM323-328-6,345371-3
FCF 3Y Avg461-319-4,25744764
CFO LTM323-328-6,079405-3
CFO 3Y Avg461-319-4,06448971

Growth & Margins

NAVISLMSOFINNIMedian
NameNavient SLM SoFi Tec.Nelnet  
Rev Chg LTM-27.1%5.1%40.9%16.2%10.6%
Rev Chg 3Y Avg-25.8%2.0%32.1%5.2%3.6%
Rev Chg Q-2.6%-3.6%42.6%6.9%2.2%
QoQ Delta Rev Chg LTM-0.7%-1.1%9.1%1.7%0.5%
Op Inc Chg LTM-----
Op Inc Chg 3Y Avg-----
Op Mgn LTM-----
Op Mgn 3Y Avg-----
QoQ Delta Op Mgn LTM-----
CFO/Rev LTM53.3%-16.7%-154.2%29.5%6.4%
CFO/Rev 3Y Avg50.8%-16.6%-137.4%41.8%12.6%
FCF/Rev LTM53.3%-16.7%-161.0%26.9%5.1%
FCF/Rev 3Y Avg50.8%-16.6%-143.8%38.1%10.7%

Valuation

NAVISLMSOFINNIMedian
NameNavient SLM SoFi Tec.Nelnet  
Mkt Cap0.84.823.84.84.8
P/S1.32.56.03.53.0
P/Op Inc-----
P/EBIT-----
P/E-12.76.541.211.59.0
P/CFO2.4-14.7-3.911.8-0.8
Total Yield0.3%17.7%2.4%9.7%6.0%
Dividend Yield8.1%2.2%0.0%0.9%1.6%
FCF Yield 3Y Avg34.9%-6.4%-36.2%11.2%2.4%
D/E58.51.30.11.61.4
Net D/E57.70.1-0.21.30.7

Returns

NAVISLMSOFINNIMedian
NameNavient SLM SoFi Tec.Nelnet  
1M Rtn1.0%7.3%13.1%2.8%5.0%
3M Rtn-1.2%16.0%14.4%0.0%7.2%
6M Rtn-36.3%-10.3%-32.8%-5.6%-21.6%
12M Rtn-43.7%-23.8%-7.9%7.1%-15.8%
3Y Rtn-49.4%62.9%113.8%43.3%53.1%
1M Excs Rtn1.4%8.6%11.0%2.2%5.4%
3M Excs Rtn-16.1%3.8%1.7%-11.6%-4.9%
6M Excs Rtn-43.6%-19.7%-39.6%-8.4%-29.6%
12M Excs Rtn-65.3%-46.3%-27.8%-13.2%-37.1%
3Y Excs Rtn-119.7%-9.1%49.2%-28.1%-18.6%

Comparison Analyses

null

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date4/29/20262/26/202610/29/20257/30/20254/30/20252/27/202510/30/20247/24/20244/24/20242/26/202410/25/20237/26/2023
Key Financials Quarterly            
Total Revenue152137161156156251177247287230422307
Net Income17-5-8614-224-23673-287966
EPS0.18-0.06-0.870.14-0.020.23-0.020.320.65-0.250.660.53
Key Financials TTM            
Total Revenue TTM6066107247408319629411,1861,2461,2811,3831,351
Net Income TTM-60-79-50345613179160190228361387
Growth Rates Quarterly            
Total Revenue Growth-2.6%-45.4%-9.0%-36.8%-45.6%9.1%-58.1%-19.5%-10.9%-30.7%8.2%-32.5%
Net Income Growth950.0%-120.8%-4200.0%-61.1%-102.7%185.7%-102.5%-45.5%-34.2%-126.7%-24.8%-63.3%
Margins Quarterly            
Net Income Margin11.2%-3.6%-53.4%9.0%-1.3%9.6%-1.1%14.6%25.4%-12.2%18.7%21.5%
Cash & Debt            
Total Cash6216375717126427221,1431,0888238399771,317
Total Debt44,64545,16845,73646,48447,23747,90649,36252,36655,09657,29959,54961,447
Net Debt / (Cash)44,02444,53145,16545,77246,59547,18448,21951,27854,27356,46058,57260,130
Cash Flows Quarterly            
FCF from Operations-4717470126718-1027918231012299
Cash Flows TTM            
FCF from Operations TTM323441275195348459761893713676573519
Returns to Shareholders Quarterly            
Dividends151516161617181718191919
Share Repurchases232626243565333843707580
Return on Invested Capital (ROIC) Quarterly            
ROIC0.2%-0.0%-0.8%0.1%-0.0%0.2%0.1%0.3%0.5%-0.2%0.5%0.4%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-0.1%-0.2%-0.1%0.1%0.1%0.3%0.2%0.3%0.4%0.4%0.6%0.6%

Segment Financials

Revenue by Segment
$ Mil20152014
Private Education Loans Segment1,0761,275
Business Services Segment1,0221,062
FFELP Loans Segment980995
Adjustments116317
Other Segment-71-75
Total3,1233,574


Operating Income by Segment
$ Mil20152014
Business Services Segment537678
FFELP Loans Segment511472
Private Education Loans Segment370555
Other Segment-317-407
Adjustments-355539
Total7461,837


Net Income by Segment
$ Mil20252024202320222021
Federal Education Loans115105319407454
Consumer Lending20196287300492
Business Processing2180284099
Adjustments-45-90-75  
Other-172-260-331-289-494
Total-80131228458551


Assets by Segment
$ Mil2025202420232022
Federal Education Loans30,85633,62541,57348,500
Consumer Lending16,54516,80917,97619,795
Other1,3001,3001,4002,100
Business Processing0103380390
Total48,70151,83761,32970,785


Price Behavior

Price Behavior
Market Price$8.03 
Market Cap ($ Bil)0.8 
First Trading Date04/17/2014 
Distance from 52W High-45.1% 
   50 Days200 Days
DMA Price$8.24$9.95
DMA Trenddownindeterminate
Distance from DMA-2.6%-19.3%
 3M1YR
Volatility43.0%39.1%
Downside Capture18.09118.23
Upside Capture6.0223.26
Correlation (SPY)1.9%21.1%
NAVI Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.12-0.100.170.500.651.01
Up Beta-0.14-0.120.440.731.011.15
Down Beta0.19-0.29-0.150.070.351.12
Up Capture-11%-19%21%9%20%32%
Bmk +ve Days11244067140429
Stock +ve Days10213559126377
Down Capture-27%23%1%109%103%102%
Bmk -ve Days10172358112321
Stock -ve Days10182662121362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with NAVI
NAVI-44.2%39.0%-1.40-
Sector ETF (XLF)7.7%14.8%0.2946.5%
Equity (SPY)22.3%12.5%1.3321.3%
Gold (GLD)24.4%27.8%0.77-4.8%
Commodities (DBC)23.6%18.7%1.00-19.9%
Real Estate (VNQ)13.2%13.9%0.6533.0%
Bitcoin (BTCUSD)-42.8%42.8%-1.1814.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with NAVI
NAVI-12.3%36.3%-0.28-
Sector ETF (XLF)10.5%18.6%0.4358.8%
Equity (SPY)13.4%17.1%0.6150.3%
Gold (GLD)18.0%18.3%0.80-1.6%
Commodities (DBC)7.5%19.5%0.286.0%
Real Estate (VNQ)2.9%18.9%0.0643.9%
Bitcoin (BTCUSD)12.3%53.5%0.4221.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with NAVI
NAVI1.3%41.5%0.17-
Sector ETF (XLF)14.1%22.1%0.5863.3%
Equity (SPY)15.8%17.9%0.7553.0%
Gold (GLD)11.7%16.1%0.59-2.7%
Commodities (DBC)6.1%18.0%0.2719.6%
Real Estate (VNQ)5.2%20.7%0.2245.9%
Bitcoin (BTCUSD)58.0%66.2%0.9817.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity10.2 Mil
Short Interest: % Change Since 53120263.5%
Average Daily Volume1.3 Mil
Days-to-Cover Short Interest7.6 days
Basic Shares Quantity95.0 Mil
Short % of Basic Shares10.7%

Returns Analyses

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/2026-2.8%-8.2%-10.0%
1/28/20260.7%2.4%-10.4%
10/29/20252.7%1.9%5.8%
7/30/20252.1%-1.8%7.7%
4/30/20251.2%1.7%8.6%
1/29/2025-3.5%-3.5%0.3%
10/30/2024-6.3%3.6%2.6%
7/24/2024-0.6%4.6%-0.8%
...
SUMMARY STATS   
# Positive101015
# Negative14149
Median Positive2.4%3.6%5.5%
Median Negative-3.3%-3.8%-7.1%
Max Positive9.6%9.1%16.6%
Max Negative-12.7%-13.4%-10.4%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/2026-2.8%-8.2%-10.0%
1/28/20260.7%2.4%-10.4%
10/29/20252.7%1.9%5.8%
7/30/20252.1%-1.8%7.7%
4/30/20251.2%1.7%8.6%
1/29/2025-3.5%-3.5%0.3%
10/30/2024-6.3%3.6%2.6%
7/24/2024-0.6%4.6%-0.8%
4/24/2024-2.1%-4.2%-7.1%
1/31/2024-4.5%-7.8%-3.4%
10/25/2023-0.7%-1.4%4.3%
7/26/20230.6%-1.2%-5.6%
4/26/20230.8%-7.7%-7.2%
1/24/20236.3%9.1%5.1%
10/25/2022-9.5%-5.3%1.1%
7/26/20229.6%3.7%6.4%
4/26/2022-1.3%-1.7%-8.4%
1/25/2022-12.7%-5.7%-5.1%
10/26/2021-2.0%-0.6%5.1%
7/27/2021-3.1%1.1%10.0%
4/27/20215.5%8.5%16.6%
1/26/2021-6.0%-0.8%3.1%
10/20/2020-7.3%-13.4%5.5%
7/21/20205.1%7.7%15.3%
SUMMARY STATS   
# Positive101015
# Negative14149
Median Positive2.4%3.6%5.5%
Median Negative-3.3%-3.8%-7.1%
Max Positive9.6%9.1%16.6%
Max Negative-12.7%-13.4%-10.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/26/202610-K
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202504/30/202510-Q
12/31/202402/27/202510-K
09/30/202410/30/202410-Q
06/30/202407/24/202410-Q
03/31/202404/24/202410-Q
12/31/202302/26/202410-K
09/30/202310/25/202310-Q
06/30/202307/26/202310-Q
03/31/202304/26/202310-Q
12/31/202202/24/202310-K
09/30/202210/26/202210-Q
06/30/202207/27/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/26/202610-K
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202504/30/202510-Q
12/31/202402/27/202510-K
09/30/202410/30/202410-Q
06/30/202407/24/202410-Q
03/31/202404/24/202410-Q
12/31/202302/26/202410-K
09/30/202310/25/202310-Q
06/30/202307/26/202310-Q
03/31/202304/26/202310-Q
12/31/202202/24/202310-K
09/30/202210/26/202210-Q
06/30/202207/27/202210-Q
03/31/202204/27/202210-Q
12/31/202102/25/202210-K
09/30/202110/27/202110-Q
06/30/202107/28/202110-Q
03/31/202104/28/202110-Q
12/31/202002/26/202110-K
09/30/202010/30/202010-Q
06/30/202008/05/202010-Q
03/31/202005/01/202010-Q
12/31/201902/27/202010-K
09/30/201911/01/201910-Q
06/30/201908/02/201910-Q

Industry Resources

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