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. Navient also provides business processing services to education-related clients, such as guaranty agencies and colleges and universities. Finally, the Company leverages its scale and expertise to provide additional business processing services to a variety of other clients, including federal agencies, state and local governments, regional authorities, courts, hospitals, health care systems and other health care providers, financial service providers, and municipalities.

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Employee Rating

2.9More
TypePublic
HQWilmington, US
Founded2014
Size (employees)6,700 (est)-1%
Websitenavient.com
Navient was founded in 2014 and is headquartered in Wilmington, US
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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 an office in Wilmington
Wilmington, US (HQ)
300 123 Justison St
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Navient Financials and Metrics

Navient Revenue

Navient's revenue was reported to be $5.18 b in FY, 2017
USD

Revenue (Q3, 2018)

1.4b

Gross profit (Q3, 2018)

511.0m

Gross profit margin (Q3, 2018), %

35.3%

EBIT (Q3, 2018)

306.0m

Market capitalization (17-Dec-2018)

2.4b

Closing stock price (17-Dec-2018)

9.3

Cash (30-Sep-2018)

2.1b

EV

101.4b
Navient's current market capitalization is $2.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5.6b5.2b5.0b5.2b

Revenue growth, %

(8%)(4%)

Cost of goods sold

2.1b2.1b2.4b3.0b

Gross profit

3.6b3.1b2.5b2.2b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

1.3b1.3b1.2b1.2b1.4b1.2b1.2b1.4b1.4b1.4b1.4b

Cost of goods sold

515.0m524.0m565.0m599.0m627.0m675.0m719.0m785.0m843.0m929.0m935.0m

Gross profit

750.0m734.0m646.0m552.0m723.0m492.0m513.0m618.0m540.0m434.0m511.0m

Gross profit Margin, %

59%58%53%48%54%42%42%44%39%32%35%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.4b1.6b1.3b1.5b

Inventories

270.0m

Total Assets

146.4b134.1b121.1b115.0b

Short-term debt

2.7b2.6b2.3b4.8b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.1b997.0m681.0m292.0m

Accounts Payable

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

Cash From Operating Activities

1.7b1.9b1.4b

Cash From Investing Activities

(1.7b)10.7b11.4b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

219.0m526.0m885.0m474.0m711.0m181.0m305.0m535.0m88.0m200.0m376.0m126.0m323.0m

Accounts Payable

(108.0m)(7.0m)(93.0m)(145.0m)(125.0m)(159.0m)(65.0m)(33.0m)(33.0m)

Dividends Paid

(5.0m)(6.0m)(6.0m)

Cash From Financing Activities

(3.0b)(7.9b)(9.7b)(6.2b)(8.9b)(3.0b)(6.4b)(9.4b)(3.2b)(2.6b)
USDY, 2018

EV/EBIT

331.2 x

Debt/Equity

26.9 x

Debt/Assets

0.9 x

Financial Leverage

28.4 x
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Navient Operating Metrics

Navient's Enterprise Customers was reported to be 1 k in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Enterprise Customers

1 k1 k1 k1 k1 k1 k1 k1 k

FFELP Loans Issued

$104.50 b$102.42 b$100.26 b$98.47 b$96.50 b$95.02 b$92.62 b$90.15 b$87.70 b$85.28 b$86.14 b

Non-performing Loans, units

7.54 b6.89 b5.24 b

Private Education Loans

$29.80 b$28.99 b$28.11 b$27.32 b$26.40 b$25.55 b$24.74 b$24.01 b$23.30 b$22.55 b$24.22 b
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Navient Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
EarnestOctober 04, 2017$155 m
Duncan SolutionsAugust 01, 2017$80 m

Navient Revenue Breakdown

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

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Navient Online and Social Media Presence

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Navient News and Updates

NAVIENT INVESTIGATION UPDATE BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Navient Corporation - NAVI

NEW ORLEANS, Dec. 14, 2018 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Navient Corporation (NasdaqGS: NAVI). Throughout 2017 and 2018,...

Team Navient supports 30 Delaware-area children for the holidays

WILMINGTON, Del., Dec. 13, 2018 (GLOBE NEWSWIRE) -- This holiday season, 30 children from 10 families in the First State are receiving warm clothing like coats, boots and hats, electronic games and toys, grocery gift cards, and many other items on their wish lists, thanks to Team Navient and the c…

A Letter from Navient CEO Jack Remondi to Navient Shareholders

WILMINGTON, Del., Nov. 20, 2018 (GLOBE NEWSWIRE) -- Navient (Nasdaq:NAVI) released the following letter from Jack Remondi, President and CEO, to company shareholders:

Government report: Navient steered borrowers towards costly repayment plans

Senator Elizabeth Warren, a Democrat from Massachusetts, called the findings ‘tragic and infuriating.’

Student loan servicer Navient sinks 9.5% after audit suggests company deceived borrowers: AP

Shares of Navient sank more than 9 percent Tuesday after a report said that a government audit points to deceptive practices at the company that may have resulted in borrowers opting into higher-cost plans.

NAVIENT INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Navient Corporation - NAVI

NEW ORLEANS, Oct. 26, 2018 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Navient Corporation (NasdaqGS: NAVI). Throughout 2017 and 2018,...
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Navient Blogs

Navient declares fourth quarter common stock dividend

Navient declares fourth quarter common stock dividend Content Import Fri, 11/09/2018 - 16:19 Navient declares fourth quarter common stock dividend Nov 9, 2018 This release is a backfill from a News Wire Corporate and Financial …

Navient posts third quarter 2018 financial results

Navient posts third quarter 2018 financial results Kathy.Symes@na… Tue, 10/23/2018 - 16:18 Navient posts third quarter 2018 financial results Oct 23, 2018 This release is a backfill from a News Wire Corporate and Financial …

Navient to hold job fair to fill customer care positions

Navient to hold job fair to fill customer care positions Content Import Thu, 10/04/2018 - 09:33 Navient to hold job fair to fill customer care positions Oct 4, 2018 This release is a backfill from a News Wire Corporate and Financia…

Millennials: ‘Saving for retirement can wait’

Millennials: ‘Saving for retirement can wait’ Kathy.Symes@na… Wed, 09/19/2018 - 08:18 Millennials: ‘Saving for retirement can wait’ Sep 19, 2018 This release is a backfill from a News Wire Financial Literacy F…

Navient names new board member

Navient names new board member Content Import Thu, 08/09/2018 - 16:17 Navient names new board member Aug 9, 2018 This release is a backfill from a News Wire Corporate and Financial General Frederick…

Five Recommendations for Better Student Loans

Five Recommendations for Better Student Loans Kathy.Symes@na… Tue, 07/24/2018 - 19:49 Five Recommendations for Better Student Loans Jul 25, 2018 This release is a backfill from a News Wire Corporate and Financial Student Loan…
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Navient Company Life and Culture

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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 6,700 employees.

  • What is Navient revenue?

    Latest Navient annual revenue is $5.2 b.

  • What is Navient revenue per employee?

    Latest Navient revenue per employee is $773 k.

  • Who are Navient competitors?

    Competitors of Navient include Nelnet, Capital One and BlackRock.

  • Where is Navient headquarters?

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

  • Where are Navient offices?

    Navient has an office in Wilmington.

  • How many offices does Navient have?

    Navient has 1 office.