NEXTNAV INC. (NN)
NextNav Inc. provides positioning, navigation, and timing (PNT) solutions in the United States. The company offers Pinnacle, an accurate altitude service for public safety applications, including enhanced 911 for Verizon and national cellular network providers. It also provides TerraPoiNT, a 3D PNT system, provides positioning, navigation, and timing services provided by GPS through a land-based GPS satellite constellation. The company serves Wi-Fi, telecom, public safety, location apps, and critical infrastructure industries. The company was founded in 2007 and is headquartered in Reston, Virginia.
Sector: Search, Detection, Navigation, Guidance, Aeronautical Sys
Industry: Software - Infrastructure
NextNav Inc.
NASDAQ:NNTechnology · Software - Infrastructure
PrePre-market+0.58%$8.66
Close$8.61+1.05%AH$8.70-0.46%Now$8.66
Close$8.61+7.22%AH$8.70-0.46%since
Mkt Cap$1.45B
Float104.56M
O/S168.81M
PM VOL12K sh
$ Vol≈$104K
RVOL1.29×
Inst Own61.8%
SI21.9%
Dilution
Financials Summary
Revenue$4.57M
Net Income-$189.25M
Total Assets$248.09M
Free Cash Flow-$50.8M
Debt & Equity
Debt 143%
Total Debt$288.6M
Total Equity-$86.23M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$248.09M
Liabilities$334.33M
Accounts Receivable$2.35M
Accounts Payable$661K
Inventory$0
PP&E (Net)$26.62M
Goodwill$19.16M
Intangible Assets$42.17M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $4.57M | $5.67M | $3.86M | $3.93M | $763K | $569K | $164K |
| YoY Growth | -19.3% | 46.8% | -1.6% | 414.5% | 34.1% | 247.0% | - |
| Cost of Revenue | $16.29M | $10.78M | $12.74M | $11.81M | $18.39M | $7.77M | $5.69M |
| Gross Profit | -$11.72M | -$5.11M | -$8.88M | -$7.88M | -$17.63M | -$7.2M | -$5.52M |
| Gross Margin | -256.2% | -90.1% | -230.0% | -200.7% | -2310.2% | -1265.6% | -3367.7% |
| Research and Development | $18.95M | $16.24M | $19.5M | $17.06M | $9.46M | $8.78M | $6.62M |
| Selling, General, and Administrative | $39.56M | $0 | $0 | $0 | $13.55M | $13.26M | $0 |
| Other | $0 | $38.75M | $35.15M | $40.6M | $1.78M | $235K | $5.14M |
| Total Operating Expenses | $58.52M | $54.99M | $54.65M | $57.66M | $24.8M | $22.27M | $11.76M |
| Operating Income (EBIT) | -$70.23M | -$60.1M | -$63.53M | -$65.54M | -$42.43M | -$29.47M | -$17.28M |
| Operating Margin | -1535.8% | -1060.1% | -1645.0% | -1669.3% | -5560.8% | -5179.1% | -10537.2% |
| Interest Expense | $12.44M | $9.4M | $3.66M | $0 | $17.84M | $10.04M | $0 |
| Interest Income | $222K | $0 | $0 | $901K | $0 | $0 | $2.96M |
| Other Income (Expense) | -$118.82M | -$41.61M | -$7.99M | $25.39M | -$102.19M | -$107.83M | -$1M |
| Income Before Tax (EBT) | -$189.06M | -$101.71M | -$71.51M | -$40.14M | -$144.61M | -$137.3M | -$18.28M |
| Income Tax Expense | $198K | $173K | $221K | -$28K | $52K | $38K | $19K |
| Net Income | -$189.25M | -$101.88M | -$71.73M | -$40.12M | -$144.67M | -$137.34M | -$98.77M |
| Net Income Margin | -4138.5% | -1797.1% | -1857.5% | -1021.8% | -18960.2% | -24136.4% | -60225.6% |
| Supplementary Data | |||||||
| EPS | -1.42 | -0.84 | -0.66 | -0.40 | -1.47 | -5.49 | -6.27 |
| Diluted EPS | -1.42 | -0.84 | -0.66 | -0.40 | -1.47 | -5.49 | -6.27 |
| Weighted Average OS | 132.87M | 121.50M | 107.97M | 101.03M | 98.17M | 25.00M | 15.74M |
| EBITDA | -$168.86M | -$87.07M | -$63.03M | -$60.96M | -$124.99M | -$127.03M | -$17.17M |
| EBITDA Margin | -3692.6% | -1535.8% | -1632.0% | -1552.9% | -16381.4% | -22324.4% | -10467.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $44.76M | $39.33M | $81.88M | $47.23M | $100.08M | $8.67M | $14.48M |
| Short-Term Investments | $107.38M | $40.78M | $3.95M | $8.22M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $152.14M | $80.11M | $85.83M | $55.45M | $100.08M | $8.67M | $14.48M |
| Accounts Receivable | $2.35M | $3.3M | $2.33M | $2.17M | $1.74M | $77K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $2.93M | $2.63M | $3.06M | $3.58M | $4.52M | $9.32M | $4.71M |
| Total Current Assets | $157.41M | $86.05M | $91.22M | $61.19M | $106.33M | $18.07M | $19.19M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $26.62M | $35.34M | $40.83M | $32.9M | $21.76M | $5.71M | $45K |
| Goodwill | $19.16M | $16.97M | $17.98M | $17.49M | $0 | $0 | $0 |
| Intangible Assets | $42.17M | $9.59M | $10.63M | $10.4M | $4.09M | $4.14M | $3.47M |
| Long-Term Investments | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.07M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $561K | $13.8M | $1.51M | $1.81M | $4.64M | $16.98M | $16.59M |
| Total Long-Term Assets | $90.68M | $75.69M | $70.94M | $62.6M | $30.49M | $26.83M | $20.1M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $248.09M | $161.74M | $162.16M | $123.79M | $136.82M | $44.9M | $39.29M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $661K | $858K | $391K | $1.02M | $448K | $680K | $837K |
| Short-Term Debt | $2.67M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $491K | $288K | $297K | $95K | $1.63M | $0 | $0 |
| Other Current Liabilities | $3.33M | $0 | $2.68M | $0 | $2.18M | $0 | $8.74M |
| Total Current Liabilities | $12.38M | $12.14M | $9.8M | $8.89M | $6.68M | $4.24M | $9.58M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $273.59M | $54.62M | $48.45M | $0 | $0 | $58.87M | $15.83M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.07M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $34.94M | $30.5M | $8.67M | $5.75M | $30.19M | $472.17M | $4.71M |
| Total Long-Term Liabilities | $321.94M | $99.47M | $72.26M | $11.04M | $30.19M | $531.04M | $20.54M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $334.33M | $111.62M | $82.06M | $19.92M | $36.87M | $535.28M | $30.12M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $336.53M |
| Common Stock | $15K | $14K | $12K | $12K | $11K | $2K | $1K |
| Retained Earnings | -$1.05B | -$862.11M | -$760.23M | -$688.49M | -$647.86M | -$490.28M | -$327.27M |
| Comprehensive Income & Other | $3.81M | $665K | $2.2M | $1.37M | -$121K | -$96K | -$84K |
| Other Stockholders' Equity | $965.11M | $912.21M | $838.95M | $788.5M | $747.81M | -$96K | $336.45M |
| Total Equity | -$86.23M | $50.12M | $78.73M | $100.02M | $99.96M | -$490.38M | $9.18M |
| Minority Interest | $0 | $0 | $1.36M | $3.85M | $0 | $0 | $0 |
| Total Liabilities and Equity | $248.09M | $161.74M | $160.8M | $119.94M | $136.82M | $44.9M | $39.29M |
| Supplementary Data | |||||||
| Total Debt | $288.6M | $71.44M | $66.11M | $7.82M | $0 | $58.87M | $15.83M |
| Net Debt | $243.84M | $32.1M | -$15.76M | -$39.41M | -$100.08M | $50.2M | $1.35M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$189.25M | -$101.88M | -$71.73M | -$40.12M | -$144.67M | -$137.34M | -$98.77M |
| Depreciation & Amortization | $7.75M | $5.24M | $4.82M | $3.67M | $1.78M | $235K | $115K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $93.45M | $0 | $0 |
| Stock-Based Compensation | $16.64M | $13.86M | $21.84M | $26.5M | $1.68M | $7.36M | $70K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $955K | -$969K | -$164K | -$428K | -$5.3M | -$860K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$197K | $467K | -$627K | $486K | -$7.02M | -$157K | $0 |
| Other Working Capital | $1.19M | $7.53M | $3.46M | -$2.75M | -$2.06M | $114K | $1.2M |
| Total Working Capital Change | $1.95M | $7.03M | $2.67M | -$2.69M | -$14.38M | -$903K | $1.2M |
| Other Non-Cash Items | $112.17M | $37.75M | $6.96M | -$24.46M | $14.21M | $102.24M | $81.87M |
| Net Cash from Operating | -$50.74M | -$38.01M | -$35.44M | -$37.09M | -$47.93M | -$28.41M | -$15.52M |
| Investing Activities | |||||||
| Capital Expenditures | -$50K | -$350K | -$3.73M | -$3.58M | -$1.28M | -$7.18M | -$59K |
| Acquisitions | $0 | $0 | $0 | -$4.01M | $207.87M | $0 | $0 |
| Purchases of Investments | -$282.08M | -$82.44M | -$37.44M | -$13.64M | $0 | $0 | $0 |
| Sales of Investments | $218M | $46.5M | $42.25M | $5.5M | $0 | $0 | $0 |
| Other Investing Activities | -$424K | -$3.17M | $0 | $0 | -$207.87M | $0 | $0 |
| Net Cash from Investing | -$64.55M | -$39.47M | $1.07M | -$15.74M | -$1.28M | -$7.18M | -$59K |
| Financing Activities | |||||||
| Debt Repaid | -$117.67M | $111K | -$68.03M | $17K | $72.23M | -$40.31M | - |
| Common Stock Issuance | $2.81M | $35.21M | $955K | $7K | $2K | $3K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$4K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $57K | $207.87M | -$5.54M | $24M |
| Net Cash from Financing | $120.48M | $35.1M | $68.98M | $43K | $135.64M | $34.77M | $24M |
| Forex Effect | $244K | -$176K | $30K | -$58K | -$20K | $0 | -$1K |
| Net Change in Cash | $5.43M | -$42.55M | $34.65M | -$52.85M | $86.41M | -$812K | $8.43M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$50.74M | -$38.01M | -$35.44M | -$37.09M | -$47.93M | -$28.41M | -$15.52M |
| Capital Expenditure | -$50K | -$350K | -$2.75M | -$3.58M | -$1.28M | -$7.18M | -$59K |
| Free Cash Flow | -$50.8M | -$38.36M | -$38.19M | -$40.67M | -$49.21M | -$35.58M | -$15.57M |
| Cash at Beginning | $39.33M | $81.88M | $47.23M | $100.08M | $13.67M | $14.48M | $6.05M |
| Cash at End | $44.76M | $39.33M | $81.88M | $47.23M | $100.08M | $13.67M | $14.48M |