NEXTNAV INC.

Listed Company

NXNVWCIK 0001865631OTCEmerging GrowthSearch, Detection, Navigation, Guidance, Aeronautical SysDelawareNLFY ends Dec 31

Period

FY 2025

Revenue

$4.57M

Net Income

$-189.30M

Total Assets

$247.02M

Equity

$-86.23M

Shares Out

136.44M

Op. Cash Flow

$-50.70M

NNAVW$5.17−18.58% · past yearDBEQ Basic

Daily closing prices

Business

NextNav Inc. develops and operates complementary positioning, navigation & timing (PNT) solutions designed to complement and backup GPS using ground-based transmitter networks on low-band spectrum. The company provides three main service platforms: Pinnacle (barometric altitude determination for E911 and public safety), TerraPoiNT (terrestrial 3D PNT constellation), and NextGen (5G NR-based PNT in development). Services are delivered via API/SDK partnerships to wireless carriers, device manufacturers, public safety agencies, and federal customers, with major deployments through AT&T's FirstNet and Verizon E911 networks, and an expanding international presence including Japan.

Summary from 10-K filed 2026-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	5	6	4	4	763,000
Cost of goods sold (exclusive of depreciation and amortization)	9	11	—	—	—
Research and development	19	16	20	17	9
Selling, general and administrative	40	34	30	37	14
Depreciation and amortization	8	5	—	—	—
Total operating expenses	75	66	—	—	—
Operating loss	−70	−60	−64	−66	−42
Interest expense, net	−12	−9	—	—	—
Debt extinguishment loss	−14	—	—	—	—
Change in fair value of warrants	−6	−33	−4	25	84
Change in fair value of derivative liability	−77	—	—	—	—
Other income (loss), net	−9	970,000	−220,000	−184,000	−26,000
Loss before income taxes	−189	−102	−72	−40	−145
Provision for income taxes	−198,000	−173,000	221,000	28,000	−52,000
Net loss	−189	−102	−72	−40	−145
Foreign currency translation adjustment	3	−2	—	—	—
Comprehensive loss	−186	−103	−71	−39	−145
Net loss attributable to common stockholders	−189	−102	−72	−40	−158
Weighted average of shares outstanding basic (in shares)	132,866	121,500	108	101	23,561
Weighted average of shares outstanding diluted (in shares)	132,866	121,500	108	101	23,561
Net loss attributable to common stockholders per share - basic (in dollars per share)	−1.42	−0.84	−0.66	−0.4	−6.73
Net loss attributable to common stockholders per share - diluted (in dollars per share)	−1.42	−0.84	−0.66	−0.4	−6.73

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	45	39	82	47	—
Short term investments	107	41	4	8	—
Accounts receivable	2	3	2	2	2
Other current assets	3	3	3	4	5
Total current assets	157	86	91	61	106
Property and equipment, net of accumulated depreciation of $16,458 and $13,716 at December 31, 2025 and 2024, respectively	12	18	22	19	22
Operating lease right-of-use assets	15	17	19	10	—
Goodwill	19	17	18	17	—
Intangible assets, net	42	10	11	—	—
Other assets	2	14	2	2	—
Total assets	247	162	162	124	137
Accounts payable	661,000	858,000	391,000	1	448,000
Accrued expenses and other current liabilities	9	9	7	5	5
Operating lease current liabilities	3	2	3	3	—
Deferred revenue	491,000	288,000	297,000	95,000	2
Total current liabilities	12	12	10	9	7
Warrants	33	29	—	—	—
Operating lease noncurrent liabilities	12	14	15	5	—
Long-term debt, net	274	55	48	—	—
Other long-term liabilities	2	2	2	2	—
Total liabilities	333	112	82	20	37
Common Stock, authorized 500,000,000 shares; 135,504,497 and 131,268,940 shares issued and 135,372,269 and 131,136,712 shares outstanding at December 31, 2025 and 2024, respectively	15,000	14,000	12,000	12,000	11,000
Additional paid-in capital	962	912	837	787	748
Accumulated other comprehensive income	4	665,000	2	1	−121,000
Accumulated deficit	−1,051	−862	−760	−688	−648
Common stock in treasury, at cost, 132,228 shares at both December 31, 2025 and December 31, 2024.	−693,000	−693,000	−665,000	−4,000	—
Total stockholders equity (deficit)	−86	50	79	100	100
Total liabilities and stockholders equity	247	162	162	124	137

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity-based compensation	17	14	—	—	—
Debt extinguishment loss	14	—	—	—	—
Issuance of common warrants	9	—	—	—	—
Change in fair value of asset purchase agreement liability	—	−966,000	—	—	—
Realized and unrealized gain on short term investments	−3	−888,000	—	—	—
Equity method investment (gain)loss	−58,000	175,000	191,000	230,000	—
Asset retirement obligation accretion	104,000	76,000	66,000	56,000	236,000
Amortization of debt discount	10	6	—	—	—
Accounts receivable	955,000	−969,000	−164,000	−428,000	−2
Other current assets	−231,000	388,000	537,000	593,000	−4
Other assets	167,000	110,000	119,000	161,000	−879,000
Accounts payable	−197,000	467,000	−627,000	486,000	−7
Deferred revenue	203,000	−9,000	202,000	−2	2
Accrued expenses and other liabilities	362,000	6	—	—	—
Operating lease right-of-use assets and liabilities	691,000	1	722,000	536,000	—
Net cash used in operating activities	−51	−38	−35	−37	−48
Purchases of network assets, property, and equipment	−50,000	−350,000	−3	−3	−1
Purchase of equity method investment	−550,000	—	—	−1	—
Purchase of internal use software	−424,000	−442,000	—	—	—
Purchase of marketable securities	−282	−82	−37	−14	—
Sale and maturity of marketable securities	218	47	42	6	—
Payment for asset purchase agreement liability	—	−3	—	—	—
Net cash used in investing activities	−65	−39	1	−16	−1
Proceeds from 2028 senior convertible notes	190	—	70	—	—
Repayment of 2026 senior secured notes	−71	—	—	—	—
Payments towards debt issuance cost	−2	—	−2	—	—
Payments towards debt	−116,000	−111,000	−110,000	−17,000	−97
Proceeds from exercise of common stock options	2	4	73,000	57,000	—
Proceeds from exercise of common warrants	858,000	31	882,000	—	—
Redemption of non-controlling interests	—	40,000	—	—	—
Net cash provided by financing activities	120	35	69	43,000	136
Effect of exchange rates on cash and cash equivalents	244,000	−176,000	30,000	−58,000	−20,000
Net increase (decrease) in cash and cash equivalents	5	−43	35	−53	86
Issuance of shares for asset purchase agreement	20	—	—	—	—
Issuance of warrants	9	—	23	—	9
Interest paid in cash	9	4	2	—	—
Reclassification of warrant liability to common stock warrants	1	12	1	—	22
Income taxes paid, net	186,000	195,000	147,000	—	—
Interest paid in shares	—	4	2	—	—

Filings

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Frequently asked questions

What is NEXTNAV INC.'s CIK number?

NEXTNAV INC.'s SEC CIK number is 0001865631 (1865631). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find NEXTNAV INC.'s SEC filings?

All of NEXTNAV INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did NEXTNAV INC. last report earnings?

NEXTNAV INC. (NXNVW) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001554855-26-001044). This is NEXTNAV INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is NEXTNAV INC.'s most recent earnings 8-K?

NEXTNAV INC.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001554855-26-001044. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View NEXTNAV INC.'s latest earnings 8-K →
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