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

$2.44B

P/E (TTM)

-12.6

36.2

Dividend Yield

52W High

$24.19

52W Low

$10.84

52W Range

53%

Rank53Top 76.1%

2.8

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Weak • 2.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$945.00K+0.00%

4-Quarter Trend

EPS

-$0.50+0.00%

4-Quarter Trend

FCF

-$16.16M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Declines Sharply Revenue fell 19.3% to $4.57M USD in 2025 from $5.67M USD in 2024, driven by lower service contracts.

Operating Expenses Increased Total operating expenses grew 13.7% to $74.81M USD in 2025, fueled by R&D and SG&A spending increases.

Net Loss Widened Significantly Net loss ballooned to $189.3M USD in 2025, a substantial increase from the $101.9M USD loss reported in 2024.

Major Debt Financing Secured Financing activities provided $120.5M USD cash, mainly from issuing $190.0M in 2028 Senior Secured Convertible Notes.

Risk Factors

Persistent Unprofitability Expected Incurred net losses since inception; expects losses to continue, requiring significant future capital raises for operations.

Debt Covenants Restrict Strategy 2028 Notes Indenture imposes restrictions on incurring debt, paying dividends, and executing major asset sales or mergers.

Regulatory Uncertainty for Spectrum NextGen evolution depends on FCC Petition approval for 900 MHz optimization; license renewals face third-party objections.

Third-Party Infrastructure Reliance Operations heavily depend on AT&T hosting for Pinnacle network and AWS for cloud platform stability and availability.

Outlook

Evolving to 5G NR Platform Strategy focuses on evolving PNT solutions to 5G NR PRS capability to improve efficiency, flexibility, and scale.

Pursuing FCC Spectrum Optimization Priority is securing FCC approval for Lower 900 MHz band optimization to enable wide-scale 5G-based PNT services.

Seeking Strategic Operator Partnerships Plans to partner with mobile operators to deploy NextGen, leveraging new 5G capacity for service availability.

Liquidity Sufficient for Twelve Months Cash and securities of $152.1M USD expected to cover working capital needs beyond the next 12 months.

Peer Comparison

Revenue (TTM)

LILA

$4.44B

-0.3%

LION

$2.80B

-12.5%

YELP

$1.46B

+3.7%

Gross Margin (Latest Quarter)

YELP

90.0%

-0.7pp

IAS

77.0%

-2.5pp

LILA

56.2%

+10.3pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
LION	$3.54B	-14.3	20.9%	3.0%
NN	$2.44B	-12.6	508.1%	116.3%
IMAX	$2.01B	57.3	10.7%	33.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-15.0%

Growth Under Pressure

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:May 8, 2026

EPS:-$0.15

Revenue:$943.50K

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data