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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $995.0K | - | $887.0K | $1.20M | $1.54M | - | $1.61M | $1.10M | $1.05M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $5.94M | - | $5.15M | $4.82M | $4.04M | - | $3.54M | $4.11M | $4.67M | - |
| SG&A | $10.74M | - | $10.01M | $10.23M | $10.52M | - | $8.02M | $8.11M | $8.45M | - |
| Total Operating Expenses | $20.34M | - | $20.75M | $18.44M | $18.54M | - | $15.46M | $15.83M | $17.20M | - |
| D&A | $1.53M | - | $3.55M | $1.35M | $1.45M | - | $1.26M | $1.29M | $1.32M | - |
| Operating Income | ($19.34M) | - | ($19.86M) | ($17.24M) | ($17.00M) | - | ($13.85M) | ($15.33M) | ($16.15M) | - |
| Interest Expense | $5.15M | - | $4.98M | $4.91M | $201.0K | - | - | - | - | - |
| Income Tax | $56.0K | - | $46.0K | $42.0K | $58.0K | - | $26.0K | $68.0K | $44.0K | - |
| Net Income | ($10.62M) | - | $483.0K | ($63.20M) | ($58.58M) | - | ($13.61M) | ($24.39M) | ($31.61M) | - |
| EPS - Basic | ($0.08) | - | $0.00 | ($0.48) | ($0.45) | - | ($0.11) | ($0.21) | ($0.28) | - |
| EPS - Diluted | ($0.12) | - | ($0.12) | ($0.48) | ($0.45) | - | ($0.11) | ($0.21) | ($0.28) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $44.76M | $44.76M | $89.99M | $58.87M | $150.42M | $39.33M | $67.91M | $62.97M | $81.88M | $81.88M |
| Accounts Receivable | $1.38M | $2.35M | $1.43M | $2.24M | $1.65M | $3.30M | $2.23M | $2.25M | $1.50M | $2.33M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.50M | $661.0K | $837.0K | $1.61M | $1.13M | $858.0K | $918.0K | $1.15M | $1.27M | $391.0K |
| Current Assets | $147.86M | $157.41M | $172.25M | $181.95M | $193.47M | $86.05M | $104.40M | $104.16M | $96.79M | $91.22M |
| Total Assets | $235.64M | $247.02M | $263.07M | $256.74M | $268.61M | $161.74M | $171.67M | $172.34M | $165.63M | $162.16M |
| Current Liabilities | $14.10M | $12.38M | $14.93M | $12.16M | $11.55M | $12.14M | $20.82M | $17.57M | $24.14M | $9.80M |
| Long-term Debt | $267.19M | $273.59M | $230.12M | $246.29M | $213.10M | $54.62M | $52.97M | $51.40M | $49.89M | $48.45M |
| Total Liabilities | $325.61M | $333.25M | $285.19M | $303.96M | $262.03M | $111.62M | $106.10M | $108.49M | $108.36M | $82.06M |
| Stockholders' Equity | ($89.97M) | ($86.23M) | ($22.12M) | ($47.22M) | $6.57M | $50.12M | $65.57M | $63.85M | $55.91M | $78.73M |
| Retained Earnings | ($1.06B) | ($1.05B) | ($983.40M) | ($983.88M) | ($920.68M) | ($862.11M) | ($829.84M) | ($816.23M) | ($791.84M) | ($760.23M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($10.04M) | - | - | - | ($12.18M) | - | - | - | ($6.99M) | - |
| Investing Cash Flow | ($4.16M) | - | - | - | $3.01M | - | - | - | ($2.11M) | - |
| Financing Cash Flow | $233.0K | - | - | - | $120.17M | - | - | - | $516.0K | - |
| CapEx | $10.0K | - | - | - | $30.0K | - | - | - | $32.0K | - |
| Free Cash Flow | ($10.05M) | - | - | - | ($12.21M) | - | - | - | ($7.02M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -1944.0% | - | -2239.6% | -1434.3% | -1104.9% | - | -862.0% | -1387.5% | -1544.0% | - |
| EBITDA margin | -1789.8% | - | -1839.8% | -1322.0% | -1010.5% | - | -783.8% | -1270.3% | -1417.9% | - |
| Net margin | -1067.4% | - | 54.5% | -5257.5% | -3806.3% | - | -846.9% | -2207.2% | -3022.0% | - |
| Free cash flow margin | -1010.2% | - | - | - | -793.3% | - | - | - | -670.8% | - |
| FCF / Net income | 0.95 | - | - | - | 0.21 | - | - | - | 0.22 | - |
| R&D / Revenue | 597.1% | - | 580.9% | 401.3% | 262.4% | - | 220.6% | 371.9% | 446.5% | - |
| SG&A / Revenue | 1079.5% | - | 1128.7% | 851.3% | 683.6% | - | 498.8% | 733.8% | 807.5% | - |
| Effective tax rate | - | - | 8.7% | - | - | - | - | - | - | - |
| Return on assets | -4.5% | - | 0.2% | -24.6% | -21.8% | - | -7.9% | -14.2% | -19.1% | - |
| Return on equity | 11.8% | - | -2.2% | 133.8% | -891.2% | - | -20.8% | -38.2% | -56.5% | - |
| Return on invested capital | -8.6% | - | -8.7% | -6.8% | -6.1% | - | -9.2% | -10.5% | -12.1% | - |
| Liquidity | ||||||||||
| Current ratio | 10.49 | 12.71 | 11.54 | 14.97 | 16.75 | 7.09 | 5.01 | 5.93 | 4.01 | 9.31 |
| Quick ratio | 10.49 | 12.71 | 11.54 | 14.97 | 16.75 | 7.09 | 5.01 | 5.93 | 4.01 | 9.31 |
| Cash ratio | 3.17 | 3.61 | 6.03 | 4.84 | 13.03 | 3.24 | 3.26 | 3.58 | 3.39 | 8.35 |
| Leverage | ||||||||||
| Debt / Equity | -2.97 | -3.17 | -10.40 | -5.22 | 32.42 | 1.09 | 0.81 | 0.80 | 0.89 | 0.62 |
| Debt / Assets | 1.13 | 1.11 | 0.87 | 0.96 | 0.79 | 0.34 | 0.31 | 0.30 | 0.30 | 0.30 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -3.8x | - | -4.0x | -3.5x | -84.6x | - | - | - | - | - |
| Equity multiplier | -2.62 | -2.86 | -11.89 | -5.44 | 40.87 | 3.23 | 2.62 | 2.70 | 2.96 | 2.06 |
| Liabilities / Assets | 1.38 | 1.35 | 1.08 | 1.18 | 0.98 | 0.69 | 0.62 | 0.63 | 0.65 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.01 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 506d | - | 589d | 679d | 390d | - | 508d | 743d | 522d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | 242.7x | - | 0.0x | 0.0x | 0.0x | - |
| P / S | 2441.2x | - | 2411.1x | 1673.2x | 1036.7x | - | 0.6x | 0.8x | 0.7x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -35.3% | - | -44.8% | 8.8% | 47.1% | - | 56.5% | 38.1% | 26.0% | - |
| Revenue CAGR (3y) | 6.2% | - | 20.8% | -5.4% | 83.0% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -13.8% | - | -43.4% | -12.4% | -5.3% | - | 5.3% | -2.0% | -15.8% | - |
| Net income growth (YoY) | 81.9% | - | - | -159.1% | -85.3% | - | 41.4% | -54.7% | -93.3% | - |
| EPS growth (YoY) | 73.3% | - | -9.1% | -128.6% | -60.7% | - | 38.9% | -40.0% | -86.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 17.7% | - | - | - | -74.0% | - | - | - | 15.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | -88.2% | -36.3% | -18.3% | -30.0% | -37.0% | -21.3% |
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.