Pulling SEC filings + quote and writing the call…

NAVIENT CORP
Next earnings Jul 28, 2026 (before open) · consensus $0.20 EPS, $147M rev
Last earnings +3.7% on 2026-04-29
Run-off FFELP servicer with shrinking revenue, a swing to losses, and 19x leverage — a melting ice cube at 3x sales.
Sources: SEC EDGAR (CIK 0001593538, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/25/2026, 3:06:00 PM.
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Navient is structurally a melting ice cube. The 10-K language makes clear the core asset is a legacy FFELP (Federal Family Education Loan Program) book — a program that 'was discontinued in 2010' — and management 'suspended originating new FFELP Consolidation Loans' in April 2008. That means revenue can only run off as the Constant Prepayment Rate (CPR) does its work; there is no new origination engine to replace it. The numbers confirm the trajectory: revenue has fallen from $507M (FY2021) to $332M, $321M, $271M (FY2024) — a four-year slide of roughly 47%, with FY2024 alone down 15.6% YoY.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $507M | $332M | $321M | $271M | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $717M | $645M | $228M | $131M | -$80.0M |
| Diluted EPS | $4.18 | $4.49 | $1.85 | $1.18 | -$0.81 |
| Net margin | 141.4% | 194.3% | 71.0% | 48.3% | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Annual meeting vote results disclosed; routine governance with no strategic change.
Entered new material debt facility; adds funding but raises leverage on shrinking book.
Q1 2026 results; FFELP run-off continues to compress revenue and net interest margin.
Q1 2026 results; FFELP run-off continues to compress revenue and net interest margin.
Proxy for 2026 annual meeting; routine board/comp items, no strategic shift.
Executive officer change announced; leadership transition amid weakening fundamentals.
FY25 net loss $80M vs $131M profit; revenue falling, equity down 9%, leverage 19x.
Q4 2025 earnings release confirming FY25 swing to net loss of $80M.
Officer departure/appointment disclosed; another leadership change in wind-down portfolio.
1071 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-06-04 | Lawson Michael A Director | Award | 18.0K @ $7.77 | $140K |
| 2026-06-04 | ARNOLD FREDERICK Director | Award | 18.0K @ $7.77 | $140K |
| 2026-06-04 | YOWAN DAVID L. President & CEO | Award | 36.2K | |
| 2026-06-04 | YOWAN DAVID L. President & CEO | Tax | 14.7K @ $7.77 | $114K |
| 2026-06-04 | YOWAN DAVID L. President & CEO | Exercise | 107K | |
| 2026-06-04 | YOWAN DAVID L. President & CEO | Tax | 43.5K @ $7.77 | $338K |
| 2026-06-04 | YOWAN DAVID L. President & CEO | Disposed (D) | 63.9K @ $7.77 | $496K |
| 2026-06-04 | YOWAN DAVID L. President & CEO | Award | 18.0K @ $7.77 | $140K |
| 2026-05-22 | STANDISH TROY EVP & Chief Operating Officer | Tax | 1.13K @ $8.44 | $9.49K |
| 2026-05-22 | HAUBER STEPHEN M EVP, CFO & PAO | Tax | 816.00 @ $8.44 | $6.89K |
| 2026-03-04 | STANDISH TROY EVP & Chief Operating Officer | Award | 51.8K @ $8.68 | $450K |