NEXTNAV INC. (NN) Form 10-Q — Aug 11, 2026
NextNav filed its Q2 2026 10-Q reporting revenue of $1.15 million, down 4.3% year over year, with a net loss of $33.8 million ($0.24 per share), improved from a $63.2 million loss in the year-ago quarter largely due to capital-structure items. The quarter delivered a balance sheet transformation: all $190 million of the company's 5% 2028 convertible notes converted into 15.2 million shares, producing a $21.4 million extinguishment gain and leaving NextNav with zero debt. Redemption of 15.1 million public warrants drove 14.7 million exercises at $11.50, generating roughly $169.5 million in gross proceeds.
Key figures
- Revenue
- 1150000
- Net Income
- -$33.8 million (Q2 2026); -$44.4 million (H1 2026)
- Total Debt
- 0
- Revenue Yoy
- -4.3% (Q2 2026); -21.7% (H1 2026)
- Total Assets
- 389051000
- Cash Position
- $228.8 million ($77.7M cash and equivalents + $151.1M short-term investments)
- Shares Outstanding
- 168809910
- Operating loss
- -$20.2 million (Q2 2026); -$39.6 million (H1 2026)
- Notes converted
- $190 million of 2028 Notes converted into 15,163,329 shares
- Accumulated deficit
- $1.1 billion
- Stockholders equity
- $334.5 million (vs. -$86.2 million deficit at Dec 31, 2025)
- Customer concentration
- One customer 68% of Q2 revenue, another 17%
- H1 operating cash burn
- $28.0 million
- Debt extinguishment gain
- $21.4 million recognized on 2028 Notes conversion
- Warrant exercise proceeds
- ~$169.5 million gross (14,736,141 public warrants exercised at $11.50)
- Contingent fcc consideration
- $20 million in stock payable if FCC grants M-LMS flexibility
Price after filing
Close on the filing date to close N calendar days later (from $16.31). Historical, not a forecast.
AI analysis
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