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NextNav Inc.

NextNav Inc.

NASDAQ•NN
CEO: Ms. Mariam Sorond
Sector: Communication Services
Industry: Internet Content & Information
Listing Date: 2020-11-02
NextNav Inc. provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service. The company also provides TerraPoiNT, an 3D PNT system, provides positioning, navigation and timing services provided by GPS through a land-based GPS satellite constellation. It serves Wi-Fi, telecom, public safety, gaming and location apps, and critical infrastructure applications. NextNav Inc. was founded in 2007 and is headquartered in McLean, Virginia.
Contact Information
1775 Tysons Boulevard, 5th Floor, McLean, VA, 22102, United States
800-775-0982
www.nextnav.com
Market Cap
$2.04B
P/E (TTM)
-13.4
30.9
Dividend Yield
--
52W High
$18.54
52W Low
$9.05
52W Range
68%
Rank72Top 96.8%
1.3
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 1.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q3 2025 Data

Revenue

$887.00K-44.80%
4-Quarter Trend

EPS

-$0.12+9.09%
4-Quarter Trend

FCF

-$9.08M+33.93%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

M-LMS License Acquisition Closed Completed M-LMS license acquisition in September 2025, recognizing $33.0M in indefinite-lived intangible assets.
Current Assets Substantially Increased Total current assets reached $172.3M by Sep 30, 2025, driven by $77.6M short term investments.
Significant Non-Operating Income Other income was $58.1M for nine months 2025, primarily driven by gain from fair value changes in derivative liability.
Debt Restructuring Completed Issued $190.0M in 2028 Notes, using proceeds to redeem all $70.0M of 2026 Notes in March 2025.

Risk Factors

Net Loss Significantly Widened Nine months 2025 net loss widened to $121.3M, compared to $69.6M net loss for nine months 2024.
Stockholders' Equity Deficit Total stockholders' equity registered a $22.1M deficit as of Sep 30, 2025, down from $50.1M surplus previously.
Liabilities Surge from Debt Total liabilities increased to $285.2M by Sep 30, 2025, primarily due to $230.1M in net long term debt.
Operating Expenses Outpacing Revenue SG&A expenses grew 25.2% to $30.8M for nine months 2025, outpacing the 3.5% decrease in total revenue.

Outlook

R&D Investment Continues Expect R&D costs to increase as NextNav invests heavily in current and future products, including NextGen platform.
Liquidity Sufficiency Confirmed Cash and marketable securities of $167.6M expected to cover working capital needs beyond the next 12 months.
Pursuing Spectrum Modernization Actively pursuing FCC Petition to reconfigure Lower 900 MHz band for 5G services and broadband capacity.
PNT Service Expansion Continuing to deliver high-quality PNT services via Pinnacle and TerraPoiNT solutions for Federal government customers.

Peer Comparison

Revenue (TTM)

Liberty Latin America Ltd.LILA
$4.43B
-0.8%
Lionsgate Studios Corp.LION
$2.78B
-6.7%
Yelp Inc.YELP
$1.47B
+5.3%

Gross Margin (Latest Quarter)

Yelp Inc.YELP
90.3%
-0.7pp
Integral Ad Science Holding Corp.IAS
77.0%
-2.5pp
Opera LimitedOPRA
65.4%
-7.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LION$2.06B-10.617.1%75.4%
NN$2.04B-13.44859.9%93.4%
DOYU$2.04B-71.3-6.5%0.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-22.6%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $887.00K-44.8%
    |
    EPS: $-0.12+9.1%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $1.20M+8.8%
    |
    EPS: $-0.48+128.6%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $1.54M+47.1%
    |
    EPS: $-0.45+60.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 12, 2025|
    Revenue: $5.67M+46.8%
    |
    EPS: $-0.84-27.3%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $1.61M+56.5%
    |
    EPS: $-0.11-47.6%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $1.11M+38.1%
    |
    EPS: $-0.21+40.0%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $1.05M+26.0%
    |
    EPS: $-0.28+86.7%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 13, 2024|
    Revenue: $3.86M-1.6%
    |
    EPS: $-0.66-65.0%
    Miss