Nextnav Inc. (NN) Financial Statements
Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
In fiscal 2025, Nextnav reported revenue of $4.6M, down 19.3% from $5.7M the year before. Net income was -$189.3M (a -4138.5% net margin), or -$1.42 per diluted share. Gross margin was -1535.8% and operating margin was -1535.8%. Operating activities generated -$50.7M of cash, leaving -$50.8M of free cash flow. At fiscal year end, Nextnav held $247.0M in total assets against $333.3M in total liabilities.
Open the full interactive Nextnav financials → Quarterly statements, key ratios, valuation history and price charts.
Nextnav Key Stats
| Share Price | $11.31 |
|---|---|
| Market Cap | $1.60B |
| Revenue YoY Growth | -19.3% |
| 52-Week Range | $11.31 – $23.59 |
| Shares Outstanding | 141.6 million (basic, 2026 Q2) |
Nextnav Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $763,000 | $3.9M | $3.9M | $5.7M | $4.6M |
| Cost of Goods Sold | $232,000 | $2.4M | $2.3M | $729,000 | $74.8M |
| Gross Profit | $531,000 | $1.5M | $1.5M | $4.9M | -$70.2M |
| Operating Income | -$42.4M | -$65.5M | -$63.5M | -$60.1M | -$70.2M |
| Pre-Tax Income | -$144.6M | -$40.1M | -$71.5M | -$101.7M | -$189.1M |
| Income Tax | $52,000 | -$28,000 | $221,000 | $173,000 | $198,000 |
| Net Income | -$144.7M | -$40.1M | -$71.7M | -$101.9M | -$189.3M |
| Diluted EPS | -$6.73 | -$0.40 | -$0.66 | -$0.84 | -$1.42 |
Nextnav Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $887,000 | $945,000 | $995,000 | $1.1M |
| Net Income | $483,000 | -$68.0M | -$10.6M | -$33.8M |
| Diluted EPS | -$0.12 | -$0.51 | -$0.12 | -$0.24 |
Nextnav Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Current Assets | $106.3M | $61.2M | $91.2M | $86.0M | $157.4M |
| Total Assets | $136.8M | $123.8M | $162.2M | $161.7M | $247.0M |
| Current Liabilities | $6.7M | $8.9M | $9.8M | $12.1M | $12.4M |
| Total Long-Term Debt | — | $1.5M | $48.4M | $54.6M | $273.6M |
| Total Liabilities | $36.9M | $19.9M | $82.1M | $111.6M | $333.3M |
| Shareholders' Equity | $100.0M | $100.0M | $78.7M | $50.1M | -$86.2M |
Nextnav Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$47.9M | -$37.1M | -$35.4M | -$38.0M | -$50.7M |
| Cash From Investing | -$1.3M | -$15.7M | $1.1M | -$39.5M | -$64.6M |
| Cash From Financing | $135.6M | $43,000 | $69.0M | $35.1M | $120.5M |
| Free Cash Flow | -$49.0M | -$40.1M | -$38.2M | -$38.4M | -$50.8M |
Figures from Nextnav's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nextnav financials page for every line item.
Nextnav Company Profile
| Ticker | NN |
|---|---|
| Exchange | Nasdaq, OTC |
| Industry | Search, Detection, Navigation, Guidance, Aeronautical Sys |
| Headquarters | Reston, Virginia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, emerging growth company |
| SEC CIK | 0001865631 |
Frequently Asked Questions
What was Nextnav's revenue in fiscal 2025?
Nextnav (NN) reported revenue of $4.6M for fiscal 2025.
What is Nextnav's annual revenue history?
Nextnav's annual revenue by fiscal year: 2021: $763,000; 2022: $3.9M; 2023: $3.9M; 2024: $5.7M; 2025: $4.6M.
What was Nextnav's net income in fiscal 2025?
Nextnav reported net income of -$189.3M for fiscal 2025.
What was Nextnav's earnings per share (EPS) in fiscal 2025?
Nextnav's diluted EPS was -$1.42 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nextnav generate in fiscal 2025?
Nextnav generated -$50.8M of free cash flow in fiscal 2025.
What was Nextnav's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nextnav reported revenue of $1.1M.
How much debt does Nextnav have?
Nextnav reported $273.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Nextnav are outstanding?
Nextnav reported a weighted average of 141.6 million basic shares outstanding in 2026 Q2.
What is Nextnav's market cap?
Based on its latest closing price, Nextnav (NN) has a market capitalization of about $1.60B.
When does Nextnav's fiscal year end?
Nextnav's fiscal year end, as registered with the SEC, is December 31.
Where is Nextnav headquartered?
Nextnav lists its business address in Reston, Virginia in its SEC filings.
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