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NextNav Inc.(NN)Earnings, Financials & Key Ratios
NN•NASDAQ
$19.33
$2.62B mkt cap·Price updated May 6, 2026
SectorCommunication ServicesIndustryInternet ServicesSub-IndustryConsumer Apps and Utility Platforms
AboutNextNav Inc. provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally. The company sells its solutions directly to customers or through partners. The company was founded in 2007 and is headquartered in McLean, Virginia.Show more
- Revenue$5M-19.3%
- EBITDA-$62M-12.6%
- Net Income-$189M-85.8%
- EPS (Diluted)-1.42-69.0%
- Gross Margin-256.22%-184.4%
- EBITDA Margin-1366.32%-39.6%
- Operating Margin-1535.8%-44.9%
- Net Margin-4138.49%-130.3%
- Interest Coverage-5.64+11.7%
NN Key Insights
NextNav Inc. (NN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 81 (top 19%)
- ✓Strong 5Y sales CAGR of 51.7%
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NN Price & Volume
NextNav Inc. (NN) stock price & volume — 10-year historical chart
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NN Growth Metrics
NextNav Inc. (NN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years51.71%
3 Years5.22%
TTM-19.33%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-85.76%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-78.16%
Return on Capital
10 Years-52.71%
5 Years-45.42%
3 Years-41.3%
Last Year-36.56%
NN Recent Earnings
NextNav Inc. (NN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 17, 2026EPS
$0.13
Est $0.13
+0.0%
Revenue
$943,000
Est $857,000
+10.0%
Q4 2025
Nov 6, 2025EPS
$0.12
Est $0.14
+14.3%
Revenue
$887,000
Est $857,000
+3.5%
Q3 2025
Aug 6, 2025EPS
$0.30
Est $0.14
-114.3%
Revenue
$1M
Est $1M
+6.2%
Q2 2025
May 9, 2025EPS
$0.15
Est $0.14
-7.1%
Revenue
$2M
Est $2M
-3.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 17, 2026 | $0.13vs $0.13+0.0% | $943,000vs $857,000+10.0% |
| Q4 2025 | Nov 6, 2025 | $0.12vs $0.14+14.3% | $887,000vs $857,000+3.5% |
| Q3 2025 | Aug 6, 2025 | $0.30vs $0.14-114.3% | $1Mvs $1M+6.2% |
| Q2 2025 | May 9, 2025 | $0.15vs $0.14-7.1% | $2Mvs $2M-3.3% |
Based on last 12 quarters of dataView full earnings history →
NN Peer Comparison
NextNav Inc. (NN) competitors in Consumer Apps and Utility Platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TRMB | 15.02B | 63.42 | 36.24 | -2.61% | 12.37% | 7.95% | 0.24 | |
 ACEL | 927.49M | 11.37 | 18.95 | 8.12% | 3.79% | 18.97% | 2.30 | |
 GRMN | 46.83B | 242.82 | 28.27 | 15.06% | 23.26% | 19.93% | 0.02 | |
 NOVT | 4.95B | 138.90 | 94.49 | 3.3% | 5.49% | 4.1% | 0.26 | |
 SATS | 16.51B | 125.71 | -2.49 | -5.18% | -155.15% | -176.79% | 5.33 | |
 IRDM | 4.29B | 40.59 | 38.29 | 4.93% | 12.05% | 22.76% | 3.81 | |
 GILT | 1.45B | 19.86 | 58.41 | 47.87% | 4.59% | 4.14% | 0.02 | |
 QCOM | 203.07B | 192.66 | 38.46 | 13.66% | 22.31% | 40.19% | 0.77 |
Compare NN vs Peers
NextNav Inc. (NN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NN Income Statement
NextNav Inc. (NN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 164K | 569K | 763K | 3.93M | 3.86M | 5.67M | 4.57M |
| Revenue Growth % | - | 246.95% | 34.09% | 414.55% | -1.63% | 46.79% | -19.33% |
| Cost of Goods Sold | 5.69M | 7.77M | 18.39M | 11.81M | 12.74M | 10.78M | 16.29M |
| COGS % of Revenue | 3467.68% | 1365.55% | 2410.22% | 300.71% | 329.96% | 190.1% | 356.22% |
| Gross Profit | -5.52M▲ 0% | -7.2M▼ 30.4% | -17.63M▼ 144.8% | -7.88M▲ 55.3% | -8.88M▼ 12.7% | -5.11M▲ 42.5% | -11.72M▼ 129.4% |
| Gross Margin % | -3367.68% | -1265.55% | -2310.22% | -200.71% | -229.96% | -90.1% | -256.22% |
| Gross Profit Growth % | - | -30.38% | -144.79% | 55.3% | -12.7% | 42.48% | -129.39% |
| Operating Expenses | 11.76M | 22.27M | 24.8M | 57.66M | 54.65M | 54.99M | 58.52M |
| OpEx % of Revenue | 7169.51% | 3913.53% | 3250.59% | 1468.57% | 1415.02% | 970.01% | 1279.58% |
| Selling, General & Admin | 0 | 13.26M | 13.55M | 0 | 0 | 0 | 39.56M |
| SG&A % of Revenue | - | 2329.7% | 1776.54% | - | - | - | 865.14% |
| Research & Development | 6.62M | 8.78M | 9.46M | 17.06M | 19.5M | 16.24M | 18.95M |
| R&D % of Revenue | 4033.54% | 1542.53% | 1240.5% | 434.51% | 505% | 286.51% | 414.43% |
| Other Operating Expenses | 5.14M | 235K | 1.78M | 40.6M | 35.15M | 38.75M | 0 |
| Operating Income | -17.28M▲ 0% | -29.47M▼ 70.5% | -42.43M▼ 44.0% | -65.54M▼ 54.5% | -63.53M▲ 3.1% | -60.1M▲ 5.4% | -70.23M▼ 16.9% |
| Operating Margin % | -10537.2% | -5179.09% | -5560.81% | -1669.28% | -1644.98% | -1060.12% | -1535.8% |
| Operating Income Growth % | - | -70.53% | -43.98% | -54.46% | 3.06% | 5.4% | -16.86% |
| EBITDA | -17.17M | -29.23M | -40.65M | -62.21M | -59.04M | -55.48M | -62.48M |
| EBITDA Margin % | -10467.07% | -5137.79% | -5327.26% | -1584.54% | -1528.79% | -978.73% | -1366.32% |
| EBITDA Growth % | - | -70.3% | -39.04% | -53.05% | 5.09% | 6.03% | -12.61% |
| D&A (Non-Cash Add-back) | 115K | 235K | 1.78M | 3.33M | 4.49M | 4.61M | 7.75M |
| EBIT | -17.28M | -127.26M | -42.43M | -64.64M | -63.53M | -60.1M | -70.23M |
| Net Interest Income | 2.96M | -10.04M | -17.84M | 0 | -3.66M | -9.4M | -12.22M |
| Interest Income | 2.96M | 0 | 0 | 0 | 0 | 0 | 222K |
| Interest Expense | 0 | 10.04M | 17.84M | 0 | 3.66M | 9.4M | 12.44M |
| Other Income/Expense | -1M | -107.83M | -102.19M | 25.39M | -7.99M | -41.61M | -118.82M |
| Pretax Income | -18.28M▲ 0% | -137.3M▼ 651.0% | -144.61M▼ 5.3% | -40.14M▲ 72.2% | -71.51M▼ 78.1% | -101.71M▼ 42.2% | -189.06M▼ 85.9% |
| Pretax Margin % | -11148.17% | -24129.7% | -18953.34% | -1022.52% | -1851.73% | -1794.07% | -4134.16% |
| Income Tax | 19K | 38K | 52K | -28K | 221K | 173K | 198K |
| Effective Tax Rate % | -0.1% | -0.03% | -0.04% | 0.07% | -0.31% | -0.17% | -0.1% |
| Net Income | -98.77M▲ 0% | -137.34M▼ 39.0% | -144.67M▼ 5.3% | -40.12M▲ 72.3% | -71.73M▼ 78.8% | -101.88M▼ 42.0% | -189.25M▼ 85.8% |
| Net Margin % | -60225.61% | -24136.38% | -18960.16% | -1021.8% | -1857.46% | -1797.12% | -4138.49% |
| Net Income Growth % | - | -39.05% | -5.34% | 72.27% | -78.82% | -42.02% | -85.76% |
| Net Income (Continuing) | -18.3M | -137.34M | -144.67M | -40.12M | -71.73M | -101.88M | -189.25M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 3.85M | 1.36M | 0 | 0 |
| EPS (Diluted) | -6.27▲ 0% | -5.49▲ 12.4% | -1.47▲ 73.2% | -0.40▲ 72.8% | -0.66▼ 65.0% | -0.84▼ 27.3% | -1.42▼ 69.0% |
| EPS Growth % | - | 12.44% | 73.22% | 72.79% | -65% | -27.27% | -69.05% |
| EPS (Basic) | -6.27 | -5.49 | -1.47 | -0.40 | -0.66 | -0.84 | -1.42 |
| Diluted Shares Outstanding | 15.74M | 25M | 98.17M | 101.03M | 107.97M | 121.5M | 132.87M |
| Basic Shares Outstanding | 15.74M | 25M | 98.17M | 101.03M | 107.97M | 121.5M | 132.87M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
NN Balance Sheet
NextNav Inc. (NN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 19.19M | 18.07M | 106.33M | 61.19M | 91.22M | 86.05M | 157.41M |
| Cash & Short-Term Investments | 14.48M | 8.67M | 100.08M | 55.45M | 85.83M | 80.11M | 152.14M |
| Cash Only | 14.48M | 8.67M | 100.08M | 47.23M | 81.88M | 39.33M | 44.76M |
| Short-Term Investments | 0 | 0 | 0 | 8.22M | 3.95M | 40.78M | 107.38M |
| Accounts Receivable | 0 | 77K | 1.74M | 2.17M | 2.33M | 3.3M | 2.35M |
| Days Sales Outstanding | - | 49.39 | 832.37 | 201.56 | 220.4 | 212.54 | 187.25 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 4.71M | 9.32M | 4.52M | 3.58M | 3.06M | 2.63M | 2.93M |
| Total Non-Current Assets | 20.1M | 26.83M | 30.49M | 62.6M | 70.94M | 75.69M | 89.61M |
| Property, Plant & Equipment | 45K | 5.71M | 21.76M | 32.9M | 40.83M | 35.34M | 26.62M |
| Fixed Asset Turnover | 3.64x | 0.10x | 0.04x | 0.12x | 0.09x | 0.16x | 0.17x |
| Goodwill | 0 | 0 | 0 | 17.49M | 17.98M | 16.97M | 19.16M |
| Intangible Assets | 3.47M | 4.14M | 4.09M | 10.4M | 10.63M | 9.59M | 42.17M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 16.59M | 16.98M | 4.64M | 1.81M | 1.51M | 13.8M | 1.66M |
| Total Assets | 39.29M▲ 0% | 44.9M▲ 14.3% | 136.82M▲ 204.7% | 123.79M▼ 9.5% | 162.16M▲ 31.0% | 161.74M▼ 0.3% | 247.02M▲ 52.7% |
| Asset Turnover | 0.00x | 0.01x | 0.01x | 0.03x | 0.02x | 0.04x | 0.02x |
| Asset Growth % | - | 14.27% | 204.71% | -9.53% | 31% | -0.26% | 52.73% |
| Total Current Liabilities | 9.58M | 4.24M | 6.68M | 8.89M | 9.8M | 12.14M | 12.38M |
| Accounts Payable | 837K | 680K | 448K | 1.02M | 391K | 858K | 661K |
| Days Payables Outstanding | 53.72 | 31.94 | 8.89 | 31.5 | 11.2 | 29.06 | 14.81 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 2.67M |
| Deferred Revenue (Current) | 0 | 0 | 1.63M | 95K | 297K | 288K | 491K |
| Other Current Liabilities | 8.74M | 0 | 2.18M | 0 | 2.68M | 0 | 8.56M |
| Current Ratio | 2.00x | 4.26x | 15.92x | 6.89x | 9.31x | 7.09x | 12.71x |
| Quick Ratio | 2.00x | 4.26x | 15.92x | 6.89x | 9.31x | 7.09x | 12.71x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 20.54M | 531.04M | 30.19M | 11.04M | 72.26M | 99.47M | 320.87M |
| Long-Term Debt | 15.83M | 58.87M | 0 | 0 | 48.45M | 54.62M | 12.34M |
| Capital Lease Obligations | 0 | 0 | 0 | 5.29M | 15.14M | 14.35M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.71M | 472.17M | 30.19M | 5.75M | 8.67M | 30.5M | 308.53M |
| Total Liabilities | 30.12M | 535.28M | 36.87M | 19.92M | 82.06M | 111.62M | 333.25M |
| Total Debt | 15.83M | 58.87M | 0 | 7.82M | 66.11M | 71.44M | 15.01M |
| Net Debt | 1.35M | 50.2M | -100.08M | -39.41M | -15.76M | 32.1M | -29.75M |
| Debt / Equity | 1.73x | - | - | 0.08x | 0.83x | 1.43x | - |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | - | -2.94x | -2.38x | - | -17.34x | -6.39x | -5.64x |
| Total Equity | 9.18M▲ 0% | -490.38M▼ 5443.6% | 99.96M▲ 120.4% | 103.86M▲ 3.9% | 80.1M▼ 22.9% | 50.12M▼ 37.4% | -86.23M▼ 272.1% |
| Equity Growth % | - | -5443.55% | 120.38% | 3.91% | -22.88% | -37.42% | -272.05% |
| Book Value per Share | 0.58 | -19.62 | 1.02 | 1.03 | 0.74 | 0.41 | -0.65 |
| Total Shareholders' Equity | 9.18M | -490.38M | 99.96M | 100.02M | 78.73M | 50.12M | -86.23M |
| Common Stock | 1K | 2K | 11K | 12K | 12K | 14K | 15K |
| Retained Earnings | -327.27M | -490.28M | -647.86M | -688.49M | -760.23M | -862.11M | -1.05B |
| Treasury Stock | 0 | 0 | 0 | -4K | -665K | -693K | 0 |
| Accumulated OCI | -84K | -96K | -121K | 1.37M | 2.2M | 665K | 3.81M |
| Minority Interest | 0 | 0 | 0 | 3.85M | 1.36M | 0 | 0 |
NN Cash Flow Statement
NextNav Inc. (NN) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -15.52M | -28.41M | -47.93M | -37.09M | -35.44M | -38.01M | -50.74M |
| Operating CF Margin % | -9460.37% | -4992.09% | -6282.04% | -944.85% | -917.66% | -670.45% | -1109.67% |
| Operating CF Growth % | - | -83.08% | -68.74% | 22.61% | 4.46% | -7.25% | -33.51% |
| Net Income | -98.77M | -137.34M | -144.67M | -40.12M | -71.73M | -101.88M | -189.25M |
| Depreciation & Amortization | 115K | 235K | 1.78M | 3.67M | 4.82M | 5.24M | 7.75M |
| Stock-Based Compensation | 70K | 7.36M | 1.68M | 26.5M | 21.84M | 13.86M | 16.64M |
| Deferred Taxes | 0 | 0 | 93.45M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 81.87M | 102.24M | 14.21M | -24.46M | 6.96M | 37.75M | 112.17M |
| Working Capital Changes | 1.2M | -903K | -14.38M | -2.69M | 2.67M | 7.03M | 1.95M |
| Change in Receivables | 0 | -860K | -5.3M | -428K | -164K | -969K | 955K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -157K | -7.02M | 486K | -627K | 467K | -197K |
| Cash from Investing | -59K | -7.18M | -1.28M | -15.74M | 1.07M | -39.47M | -64.55M |
| Capital Expenditures | -59K | -7.18M | -1.28M | -3.58M | -3.73M | -350K | -50K |
| CapEx % of Revenue | 35.98% | 1261.51% | 168.02% | 91.11% | 96.69% | 6.17% | 1.09% |
| Acquisitions | 0 | 0 | 207.87M | -4.01M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -207.87M | 0 | 0 | -3.17M | -424K |
| Cash from Financing | 24M | 34.77M | 135.64M | 43K | 68.98M | 35.1M | 120.48M |
| Debt Issued (Net) | 0 | 40.31M | -72.23M | -17K | 68.03M | -111K | 117.67M |
| Equity Issued (Net) | 0 | 3K | 2K | 3K | 955K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -4K | 0 | 0 | 0 |
| Other Financing | 24M | -5.54M | 207.87M | 57K | 0 | 0 | 0 |
| Net Change in Cash | 8.43M▲ 0% | -812K▼ 109.6% | 86.41M▲ 10741.3% | -52.85M▼ 161.2% | 34.65M▲ 165.6% | -42.55M▼ 222.8% | 5.43M▲ 112.8% |
| Free Cash Flow | -15.57M▲ 0% | -35.58M▼ 128.5% | -49.21M▼ 38.3% | -40.67M▲ 17.4% | -38.19M▲ 6.1% | -38.36M▼ 0.4% | -50.8M▼ 32.4% |
| FCF Margin % | -9496.34% | -6253.6% | -6450.07% | -1035.97% | -988.89% | -676.63% | -1110.76% |
| FCF Growth % | - | -128.48% | -38.31% | 17.36% | 6.1% | -0.44% | -32.42% |
| FCF per Share | -0.99 | -1.42 | -0.50 | -0.40 | -0.35 | -0.32 | -0.38 |
| FCF Conversion (FCF/Net Income) | 0.16x | 0.21x | 0.33x | 0.92x | 0.49x | 0.37x | 0.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NN Key Ratios
NextNav Inc. (NN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -1076.28% | - | -144.73% | -39.36% | -77.99% | -156.48% | - |
| Return on Invested Capital (ROIC) | -123.11% | - | - | -152.8% | -73.99% | -61.51% | - |
| Gross Margin | -3367.68% | -1265.55% | -2310.22% | -200.71% | -229.96% | -90.1% | -256.22% |
| Net Margin | -60225.61% | -24136.38% | -18960.16% | -1021.8% | -1857.46% | -1797.12% | -4138.49% |
| Debt / Equity | 1.73x | - | - | 0.08x | 0.83x | 1.43x | - |
| Interest Coverage | - | -2.94x | -2.38x | - | -17.34x | -6.39x | -5.64x |
| FCF Conversion | 0.16x | 0.21x | 0.33x | 0.92x | 0.49x | 0.37x | 0.27x |
| Revenue Growth | - | 246.95% | 34.09% | 414.55% | -1.63% | 46.79% | -19.33% |
NN SEC Filings & Documents
NextNav Inc. (NN) SEC filings — annual & quarterly reports (10-K, 10-Q)
NN Frequently Asked Questions
NextNav Inc. (NN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
NextNav Inc. (NN) reported $4.6M in revenue for fiscal year 2025. This represents a 2688% increase from $0.2M in 2019.
NextNav Inc. (NN) saw revenue decline by 19.3% over the past year.
NextNav Inc. (NN) reported a net loss of $189.3M for fiscal year 2025.
Dividend & Returns
NextNav Inc. (NN) had negative free cash flow of $51.1M in fiscal year 2025, likely due to heavy capital investments.
Explore More NN
NextNav Inc. (NN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates