NN · Nextnav Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $4.57M | $5.67M | $3.86M | $3.93M | $569.0K |
| Cost of Revenue | - | $729.0K | $2.32M | $2.39M | $893.0K |
| Gross Profit | - | $4.94M | $1.54M | $1.54M | ($324.0K) |
| R&D | $18.95M | $16.24M | $19.50M | $17.06M | $8.78M |
| SG&A | $39.56M | $33.51M | $30.32M | $36.93M | $13.26M |
| Total Operating Expenses | $65.77M | $65.77M | $67.39M | $69.46M | $30.04M |
| D&A | $7.75M | $5.24M | $4.82M | $3.67M | $235.0K |
| Operating Income | ($70.23M) | ($60.10M) | ($63.53M) | ($65.54M) | ($29.47M) |
| Interest Expense | - | - | - | - | $10.04M |
| Income Tax | $198.0K | $173.0K | $221.0K | ($28.0K) | $38.0K |
| Net Income | ($189.25M) | ($101.88M) | ($71.73M) | ($40.12M) | ($137.34M) |
| EPS - Basic | ($1.42) | ($0.84) | ($0.66) | ($6.73) | - |
| EPS - Diluted | ($1.42) | ($0.84) | ($0.66) | ($6.73) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $44.76M | $39.33M | $81.88M | $47.23M | $14.48M |
| Accounts Receivable | $2.35M | $3.30M | $2.33M | $2.17M | $77.0K |
| Inventory | - | - | - | - | - |
| Accounts Payable | $661.0K | $858.0K | $391.0K | $1.02M | $680.0K |
| Current Assets | $157.41M | $86.05M | $91.22M | $61.19M | $18.07M |
| Total Assets | $247.02M | $161.74M | $162.16M | $123.79M | $44.90M |
| Current Liabilities | $12.38M | $12.14M | $9.80M | $8.89M | $4.24M |
| Long-term Debt | $273.59M | $54.62M | $48.45M | - | - |
| Total Liabilities | $333.25M | $111.62M | $82.06M | $19.92M | $165.68M |
| Stockholders' Equity | ($86.23M) | $50.12M | $78.73M | $100.02M | ($327.36M) |
| Retained Earnings | ($1.05B) | ($862.11M) | ($760.23M) | ($688.49M) | ($490.28M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($50.74M) | ($38.01M) | ($35.44M) | ($37.09M) | ($28.41M) |
| Investing Cash Flow | ($64.55M) | ($39.47M) | $1.07M | ($15.74M) | ($7.18M) |
| Financing Cash Flow | $120.48M | $35.10M | $68.98M | $43.0K | $34.77M |
| CapEx | $50.0K | $350.0K | $2.75M | $2.96M | $6.42M |
| Free Cash Flow | ($50.80M) | ($38.36M) | ($38.19M) | ($40.06M) | ($34.82M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | 87.1% | 40.0% | 39.1% | -56.9% |
| Operating margin | -1535.8% | -1060.1% | -1645.0% | -1669.3% | -5179.1% |
| EBITDA margin | -1366.3% | -967.7% | -1520.1% | -1575.8% | -5137.8% |
| Net margin | -4138.5% | -1797.1% | -1857.5% | -1021.8% | -24136.4% |
| Free cash flow margin | -1110.8% | -676.6% | -988.9% | -1020.4% | -6120.2% |
| FCF / Net income | 0.27 | 0.38 | 0.53 | 1.00 | 0.25 |
| R&D / Revenue | 414.4% | 286.5% | 505.0% | 434.5% | 1542.5% |
| SG&A / Revenue | 865.1% | 591.1% | 785.2% | 940.6% | 2329.7% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -76.6% | -63.0% | -44.2% | -32.4% | -305.9% |
| Return on equity | 219.5% | -203.3% | -91.1% | -40.1% | 42.0% |
| Return on invested capital | -29.6% | -45.3% | -39.5% | - | - |
| Liquidity | |||||
| Current ratio | 12.71 | 7.09 | 9.31 | 6.89 | 4.26 |
| Quick ratio | 12.71 | 7.09 | 9.31 | 6.89 | 4.26 |
| Cash ratio | 3.61 | 3.24 | 8.35 | 5.31 | 3.41 |
| Leverage | |||||
| Debt / Equity | -3.17 | 1.09 | 0.62 | - | - |
| Debt / Assets | 1.11 | 0.34 | 0.30 | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | - | - | - | - | -2.9x |
| Equity multiplier | -2.86 | 3.23 | 2.06 | 1.24 | -0.14 |
| Liabilities / Assets | 1.35 | 0.69 | 0.51 | 0.16 | 3.69 |
| Efficiency | |||||
| Asset turnover | 0.02 | 0.04 | 0.02 | 0.03 | 0.01 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 187d | 213d | 220d | 202d | 49d |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | 430d | 62d | 156d | 278d |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | 37.7x | 6.1x | 0.0x | - |
| P / S | 0.5x | 333.5x | 124.4x | 0.0x | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -19.3% | 46.8% | -1.6% | 590.0% | - |
| Revenue CAGR (3y) | 5.2% | 115.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | 219.9% | 0.5% | - | - |
| Operating income growth (YoY) | -16.9% | 5.4% | 3.1% | -122.4% | - |
| Net income growth (YoY) | -85.8% | -42.0% | -78.8% | 70.8% | - |
| EPS growth (YoY) | -69.0% | -27.3% | 90.2% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -32.4% | -0.4% | 4.7% | -15.0% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | -36.3% | -21.3% | - | - |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-4.16
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys
Comparing NEXTNAV INC. against the 5 most active filers in the same SIC group.