OverviewSuggest Edit

Navient is a company that provides asset management and business processing services to education, health care and government clients at the federal, state, and local levels. The Company holds a portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program. It also holds the portfolio of Private Education Loans. Navient services its own portfolio of education loans, as well as education loans owned by the United States Department of Education, financial institutions, and non-profit education lenders. Its data-driven insight, service and innovation support customers on the path to successful education loan repayment.

TypePublic
Founded2014
HQWilmington, DE, US
Websitenavient.com
Employee Ratings3.6
Overall CultureA

Latest Updates

Employees (est.) (Dec 2019)5,800(-10%)
Job Openings88
Revenue (FY, 2020)$388 M
Share Price (Sept 2021)$23.2
Cybersecurity ratingBMore

Key People/Management at Navient

Jack Remondi

Jack Remondi

President and Chief Executive Officer
John Kane

John Kane

Group President, Business Processing Solutions
Mark Heleen

Mark Heleen

Executive Vice President, Chief Legal Officer and Secretary
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Navient Office Locations

Navient has offices in Wilmington, Fishers, Muncie, Reston and in 1 other location
Wilmington, DE, US (HQ)
123 Justison St #300
Fishers, IN, US
11100 USA Pkwy
Muncie, IN, US
4501 N Superior Dr
Reston, VA, US
2001 Edmund Halley Dr
Wilkes-Barre, PA, US
220 Lasley Ave
Show all (5)

Navient Financials and Metrics

Navient Revenue

Navient's revenue was reported to be $388 m in FY, 2020
USD

Revenue (FY, 2020)

388.0m

Gross profit (FY, 2020)

(299.0m)

Gross profit margin (FY, 2020), %

(77.1%)

Net income (FY, 2020)

412.0m

Market capitalization (8-Sept-2021)

4.2b

Closing stock price (8-Sept-2021)

23.2

Cash (31-Dec-2020)

1.2b

EV

86.9b
Navient's current market capitalization is $4.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

5.0b5.2b5.6b391.0m388.0m

Revenue growth, %

(4%)4%8%

Cost of goods sold

2.4b3.0b3.7b730.0m687.0m

Gross profit

2.5b2.2b1.9b(339.0m)(299.0m)
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.4b1.6b1.3b1.5b1.3b1.2b1.2b

PP&E

156.0m136.0m135.0m116.0m

Goodwill

810.0m786.0m757.0m735.0m

Total Assets

146.4b134.1b121.1b115.0b104.2b94.9b87.4b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.7b1.6b1.9b2.1b1.6b1.3b1.2b1.4b1.8b1.4b1.2b1.2b2.4b1.6b2.1b1.2b1.7b1.6b1.1b1.6b1.8b

Accounts Receivable

60.0m4.0m

PP&E

157.0m152.0m152.0m150.0m144.0m138.0m136.0m136.0m134.0m132.0m129.0m127.0m

Goodwill

421.0m373.0m371.0m549.0m546.0m544.0m702.0m696.0m683.0m664.0m658.0m727.0m802.0m798.0m792.0m780.0m769.0m763.0m752.0m746.0m741.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.1b997.0m681.0m292.0m395.0m597.0m412.0m

Depreciation and Amortization

23.0m31.0m25.0m

Accounts Payable

(27.0m)(42.0m)(92.0m)

Cash From Operating Activities

1.7b1.9b1.4b1.2b1.1b1.0b987.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

219.0m526.0m885.0m292.0m474.0m711.0m181.0m305.0m535.0m88.0m200.0m376.0m126.0m210.0m323.0m128.0m281.0m425.0m(106.0m)19.0m227.0m

Cash From Operating Activities

558.0m1.1b1.6b499.0m1.1b1.5b342.0m771.0m1.1b350.0m625.0m914.0m284.0m482.0m655.0m188.0m522.0m831.0m453.0m595.0m816.0m

Purchases of PP&E

(181.0m)(181.0m)(181.0m)(82.0m)

Cash From Investing Activities

992.0m3.2b4.9b2.7b5.3b7.3b2.2b5.4b8.5b3.0b1.9b5.1b2.7b5.8b8.2b2.4b4.9b6.4b985.0m3.4b4.9b
USDQ1, 2014

Debt/Equity

26.4 x

Debt/Assets

0.9 x

Financial Leverage

28 x
Show all financial metrics

Navient Operating Metrics

Navient's Customers was reported to be 6 m in Q2, 2017. Navient's Enterprise Customers was reported to be 1 k in Q2, 2017.
Show all operating metrics

Navient Acquisitions / Subsidiaries

Company NameDateDeal Size
EarnestOctober 04, 2017$155 m
Duncan SolutionsAugust 01, 2017$80 m

Navient Revenue Breakdown

Embed Graph

Navient revenue breakdown by business segment: 48.3% from FFELP Loans , 31.4% from Private Education Loans, 19.8% from Business Services and 0.5% from Other

Navient Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Navient Online and Social Media Presence

Embed Graph

Navient Company Culture

  • Overall Culture

    A

    78/100

  • CEO Rating

    B+

    74/100

  • Compensation

    A-

    79/100

  • Diversity

    B

    75/100

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Navient News and Updates

Navient President and CEO to present at Barclays 2021 Global Financial Services Conference on Sept. 13

WILMINGTON, Del., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2021 Global Financial Servi…

Most Navient Student Loan Borrowers Who Paid Student Loans During Covid-19 Pandemic Are “Underwater,” Says New Data

What this means for your student loans and student loan forgiveness.

Navient names Michael Lawson as new board member

WILMINGTON, Del., July 29, 2021 (GLOBE NEWSWIRE) -- Michael Lawson, a well-respected attorney, public servant and civil rights leader, has been appointed to the Navient board of directors, effective Aug. 2, 2021.

Private Student Loans Can Be Discharged In Bankruptcy, Court Tells Navient

A new court ruling says that private student loans can be discharged in bankruptcy.

Student Loan Borrower Gets $178,000 Of Student Loan Cancellation Against Navient

Yes, student loan cancellation is possible.

Navient to announce second quarter 2021 results on July 27, host earnings call on July 28

WILMINGTON, Del., July 01, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced it will release its 2021 second-quarter financial results on Navient.com/investors after market close on Tuesday, July 27, …
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Navient Blogs

Earnest and Going Merry Join Forces to Expand Access to Free Scholarship and Financial Aid Tools For Students

Earnest and Going Merry Join Forces to Expand Access to Free Scholarship and Financial Aid Tools For Students Matthew.Callan… Wed, 09/15/2021 - 07:36 Earnest and Going Merry Join Forces to Expand Access to Free Scholarship and Financial Aid Tools For Students Sep 15, 2021 …

Navient market-leading BPO solutions now available to federal government entities through GSA schedule

HERNDON, Va., June 8, 2021 — Navient B.P.O. announced today it has been awarded a MAS (Multiple Award Schedule) contract by the U.S. General Services Administration (GSA), the centralized procurement arm of the federal government. The five-year Indefinite Delivery, Indefinite Quantity Contract

Navient appoints Kelly Christiano as Consumer Lending EVP

Navient appoints Kelly Christiano as Consumer Lending EVP Matthew.Callan… Wed, 05/12/2021 - 11:30 Navient appoints Kelly Christiano as Consumer Lending EVP May 12, 2021 This release is a backfill from a News Wire General WILMING…

Boys & Girls Clubs of America, Roadtrip Nation, and Corporate Partners Join Forces to Bring Digital Career Exploration to Over 4 Million Young People

The Coca-Cola Company, Navient, Dell Technologies, and Raytheon Technologies are supporting Roundtrip Nation’s “Roadmap to Careers” rollout to 4,700 Boys & Girls Clubs across the country.  ATLANTA, GA – MARCH 10, 2021 – The future is uncertain for millions of young people, even more so with

Navient posts third-quarter 2020 financial results

Navient posts third-quarter 2020 financial results Content Import Tue, 10/20/2020 - 16:20 Navient posts third-quarter 2020 financial results Oct 20, 2020 This release is a backfill from a News Wire Corporate and Financial …

Navient appoints Joe Fisher as new CFO

Navient appoints Joe Fisher as new CFO Content Import Tue, 10/06/2020 - 16:10 Navient appoints Joe Fisher as new CFO Oct 6, 2020 This release is a backfill from a News Wire Corporate and Financial General …
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Navient Frequently Asked Questions

  • When was Navient founded?

    Navient was founded in 2014.

  • Who are Navient key executives?

    Navient's key executives are Jack Remondi, John Kane and Mark Heleen.

  • How many employees does Navient have?

    Navient has 5,800 employees.

  • What is Navient revenue?

    Latest Navient annual revenue is $388 m.

  • What is Navient revenue per employee?

    Latest Navient revenue per employee is $66.9 k.

  • Who are Navient competitors?

    Competitors of Navient include Western Union, Mastercard and BlackRock.

  • Where is Navient headquarters?

    Navient headquarters is located at 123 Justison St #300, Wilmington.

  • Where are Navient offices?

    Navient has offices in Wilmington, Fishers, Muncie, Reston and in 1 other location.

  • How many offices does Navient have?

    Navient has 5 offices.