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AI brief of an SEC Form 8-K · Navient (NAVI)

Navient Q3 2026 net income $15 million, or $0.16 a share; Core Earnings $3 million

Mixed Impact 3 of 5 earnings Written later

Navient reported third-quarter 2026 GAAP net income of $15 million, or $0.16 per diluted share, compared with a net loss of $86 million a year earlier, but down from $25 million in the second quarter. Core Earnings, which exclude derivative hedging gains, a tax benefit and other items, fell to $3 million ($0.03 per share) from $27 million in the prior quarter, as loan loss provisions rose to $227 million. Shareholders are seeing a year-over-year swing to GAAP profit alongside weaker sequential Core Earnings and higher credit provisions.

Key points

  • GAAP net income was $15 million ($0.16 per diluted share) for the quarter ended September 30, 2026, versus $25 million ($0.26) in the June 30, 2026 quarter and a net loss of $86 million ($0.87) a year earlier.
  • Core Earnings were $3 million ($0.03 per diluted share), versus $27 million ($0.29) in the prior quarter.
  • Provision for loan losses was $227 million, up from $168 million a year earlier, including $178 million for Legacy Private Education Loans.
  • A $162 million gain came from the sale of approximately $750 million of Legacy Private Education Loans.

The filing

CompanyNavient (NAVI)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:42 PM ET
Accession number0001193125-26-447477

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.