NASDAQ : NN
NextNav Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 11.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.94B
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Financial statements
NextNav Inc. (NN) reported revenue of 3.98M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.98M | 4.57M | 5.67M | 3.86M | 3.93M | 763.00K |
| Cost of Revenue | 8.15M | 8.54M | 10.78M | 12.74M | 11.81M | 18.39M |
| Gross Profit | -4.17M | -3.97M | -5.11M | -8.88M | -7.88M | -17.63M |
| Selling, General & Admin | 42.11M | 39.56M | 33.51M | 30.32M | 36.03M | 13.55M |
| Research & Development | 21.49M | 18.95M | 16.24M | 19.50M | 17.06M | 9.46M |
| Operating Expenses | 68.51M | 63.77M | 54.99M | 54.65M | 56.76M | 24.80M |
| Operating Income | -72.68M | -67.73M | -60.10M | -63.53M | -64.64M | -42.43M |
| Interest Expense | -19.08M | -17.84M | -10.30M | -3.66M | -17.84M | |
| Interest & Investment Income | 901.00K | |||||
| Earnings From Equity Investments | -5.00K | 58.00K | -175.00K | -191.00K | -230.00K | |
| Other Non Operating Income (Expenses) | -43.81M | -92.00M | -32.03M | -4.13M | 24.72M | -84.34M |
| EBT Excluding Unusual Items | -135.57M | -177.52M | -102.61M | -71.51M | -39.24M | -144.61M |
| Merger & Restructuring Charges | -900.00K | |||||
| Gain (Loss) on Sale of Investments | 5.40M | 5.40M | 900.00K | |||
| Asset Writedown | -2.90M | -2.50M | ||||
| Other Unusual Items | 21.43M | -14.43M | ||||
| Pretax Income | -111.64M | -189.06M | -101.71M | -71.51M | -40.14M | -144.61M |
| Income Tax Expense | 214.00K | 198.00K | 173.00K | 221.00K | -28.00K | 52.00K |
| Earnings From Continuing Operations | -111.86M | -189.25M | -101.88M | -71.73M | -40.12M | -144.67M |
| Net Income | -111.86M | -189.25M | -101.88M | -71.73M | -40.12M | -144.67M |
| Net Income to Common | -111.86M | -189.25M | -101.88M | -71.73M | -40.12M | -144.67M |
| Shares Outstanding (Basic) | 136.36M | 132.87M | 121.50M | 107.97M | 101.03M | 23.56M |
| Shares Outstanding (Diluted) | 136.36M | 132.87M | 121.50M | 107.97M | 101.03M | 23.56M |
| EPS (Basic) | -0.82 | -1.42 | -0.84 | -0.66 | -0.40 | -6.14 |
| EPS (Diluted) | -0.83 | -1.42 | -0.84 | -0.66 | -0.40 | -6.14 |
| Free Cash Flow | -53.07M | -50.80M | -38.36M | -38.19M | -40.06M | -48.95M |
| Free Cash Flow Per Share | -0.39 | -0.38 | -0.32 | -0.35 | -0.40 | -2.08 |
| Gross Margin | -104.90% | -86.75% | -90.10% | -229.96% | -200.71% | |
| Operating Margin | -1,827.51% | -1,481.13% | -1,060.12% | -1,644.98% | -1,646.36% | -5,560.81% |
| Profit Margin | -2,812.55% | -4,138.49% | -1,797.13% | -1,857.46% | -1,021.80% | -18,960.16% |
| Free Cash Flow Margin | -1,334.45% | -1,110.76% | -676.63% | -988.89% | -1,020.35% | -6,415.99% |
| EBITDA | -68.23M | -63.18M | -55.48M | -59.04M | -61.31M | -40.71M |
| D&A For EBITDA | 4.45M | 4.55M | 4.61M | 4.49M | 3.33M | 1.72M |
| EBIT | -72.68M | -67.73M | -60.10M | -63.53M | -64.64M | -42.43M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 77.72M | 44.76M | 39.33M | 81.88M | 47.23M | 100.08M |
| Short-Term Investments | 151.12M | 107.38M | 40.78M | 3.95M | 8.22M | |
| Cash & Short-Term Investments | 228.84M | 152.14M | 80.11M | 85.83M | 55.45M | 100.08M |
| Receivables | 2.11M | 2.35M | 3.30M | 2.33M | 2.17M | 1.74M |
| Other Current Assets | 72.87M | 2.93M | 2.63M | 3.06M | 3.58M | 4.52M |
| Total Current Assets | 303.81M | 157.41M | 86.05M | 91.22M | 61.19M | 106.33M |
| Property, Plant & Equipment | 23.38M | 26.62M | 35.34M | 40.83M | 32.90M | 22.25M |
| Long-Term Investments | 1.00M | 1.10M | 500.00K | 530.00K | ||
| Goodwill | 18.58M | 19.16M | 16.97M | 17.98M | 17.49M | |
| Other Intangible Assets | 41.77M | 42.17M | 9.59M | 10.62M | 10.40M | 4.09M |
| Other Long-Term Assets | 510.00K | 561.00K | 13.30M | 978.00K | 1.81M | 4.14M |
| Total Assets | 389.05M | 247.02M | 161.74M | 162.16M | 123.79M | 136.82M |
| Accounts Payable | 958.00K | 661.00K | 858.00K | 391.00K | 1.02M | 448.00K |
| Accrued Expenses | 7.97M | 8.56M | 8.54M | 6.59M | 5.24M | 4.60M |
| Current Portion of Leases | 2.39M | 2.67M | 2.46M | 2.52M | 2.53M | |
| Current Unearned Revenue | 537.00K | 491.00K | 288.00K | 297.00K | 95.00K | 1.63M |
| Total Current Liabilities | 11.85M | 12.38M | 12.14M | 9.80M | 8.89M | 6.68M |
| Long-Term Debt | 273.59M | 54.62M | 48.45M | |||
| Long-Term Leases | 10.78M | 12.34M | 14.35M | 15.14M | 5.29M | |
| Other Long-Term Liabilities | 31.92M | 34.94M | 30.50M | 8.67M | 5.75M | 30.19M |
| Total Liabilities | 54.55M | 333.25M | 111.62M | 82.06M | 19.92M | 36.87M |
| Common Stock | 18.00K | 15.00K | 14.00K | 12.00K | 12.00K | 11.00K |
| Additional Paid-In Capital | 1.43B | 961.99M | 912.24M | 837.42M | 787.13M | 747.93M |
| Retained Earnings | -1.10B | -1.05B | -862.11M | -760.23M | -688.49M | -647.86M |
| Treasury Stock | -693.00K | -693.00K | -693.00K | -665.00K | -4.00K | |
| Comprehensive Income & Other | 2.85M | 3.81M | 665.00K | 2.20M | 1.37M | -121.00K |
| Total Common Equity | 334.50M | -86.23M | 50.12M | 78.73M | 100.02M | 99.96M |
| Minority Interest | 1.36M | 3.85M | ||||
| Shareholders' Equity | 334.50M | -86.23M | 50.12M | 80.10M | 103.86M | 99.96M |
| Total Liabilities & Equity | 389.05M | 247.02M | 161.74M | 162.16M | 123.79M | 136.82M |
| Total Debt | 13.16M | 288.60M | 71.44M | 66.11M | 7.82M | |
| Net Cash (Debt) | 215.67M | -136.46M | 8.68M | 19.72M | 47.62M | 100.08M |
| Net Cash Per Share | 1.58 | -1.03 | 0.07 | 0.18 | 0.47 | 4.25 |
| Filing Date Shares Outstanding | 168.68M | 135.46M | 131.45M | 111.19M | 107.12M | 95.55M |
| Total Common Shares Outstanding | 167.00M | 135.37M | 131.14M | 111.13M | 106.42M | 96.55M |
| Working Capital | 291.96M | 145.03M | 73.90M | 81.42M | 52.30M | 99.65M |
| Book Value Per Share | 2.00 | -0.64 | 0.38 | 0.71 | 0.94 | 1.04 |
| Tangible Book Value | 274.15M | -147.56M | 23.57M | 50.13M | 72.13M | 95.86M |
| Tangible Book Value Per Share | 1.64 | -1.09 | 0.18 | 0.45 | 0.68 | 0.99 |
| Machinery | 2.19M | 2.12M | 1.98M | 1.61M | 1.27M | |
| Construction In Progress | 582.00K | 1.66M | 1.68M | 3.57M | 494.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -111.86M | -189.25M | -101.88M | -71.73M | -40.12M | -144.67M |
| Depreciation & Amortization | 4.45M | 4.55M | 4.61M | 4.49M | 3.33M | 1.72M |
| Other Amortization | 11.10M | 10.37M | 6.87M | 3.55M | 400.00K | 9.56M |
| Asset Writedown & Restructuring Costs | 2.90M | 2.50M | 96.00K | |||
| Loss (Gain) From Sale of Investments | -3.90M | -3.07M | -888.00K | -546.00K | -72.00K | |
| Loss (Gain) on Equity Investments | 5.00K | -58.00K | 175.00K | 191.00K | 230.00K | |
| Stock-Based Compensation | 19.64M | 16.64M | 13.86M | 21.84M | 26.50M | 1.68M |
| Other Operating Activities | 22.61M | 105.62M | 32.21M | 4.10M | -24.68M | 98.06M |
| Change in Accounts Receivable | 128.00K | 955.00K | -969.00K | -164.00K | -428.00K | -1.66M |
| Change in Accounts Payable | -652.00K | -197.00K | 467.00K | -627.00K | 486.00K | -7.02M |
| Change in Unearned Revenue | 184.00K | 203.00K | -9.00K | 202.00K | -1.54M | 1.63M |
| Change in Other Net Operating Assets | 2.33M | 989.00K | 7.54M | 3.26M | -1.21M | -7.33M |
| Operating Cash Flow | -53.06M | -50.74M | -38.01M | -35.44M | -37.09M | -47.93M |
| Capital Expenditures | -8.00K | -50.00K | -350.00K | -2.75M | -2.96M | -1.02M |
| Cash Acquisitions | -2.89M | |||||
| Sale (Purchase) of Intangibles | -539.00K | -424.00K | -442.00K | -983.00K | -613.00K | -260.00K |
| Investment in Securities | -30.59M | -64.08M | -35.94M | 4.81M | -9.27M | |
| Other Investing Activities | -2.73M | |||||
| Investing Cash Flow | -31.14M | -64.55M | -39.47M | 1.07M | -15.74M | -1.28M |
| Long-Term Debt Issued | 190.00M | 70.00M | 24.64M | |||
| Long-Term Debt Repaid | -70.82M | -111.00K | -110.00K | -17.00K | -96.87M | |
| Net Debt Issued (Repaid) | -810.00K | 119.18M | -111.00K | 69.89M | -17.00K | -72.23M |
| Issuance of Common Stock | 104.14M | 2.81M | 35.17M | 955.00K | 64.00K | 2.00K |
| Repurchase of Common Stock | -4.00K | |||||
| Other Financing Activities | -1.52M | 40.00K | -1.86M | 207.87M | ||
| Financing Cash Flow | 103.33M | 120.48M | 35.10M | 68.98M | 43.00K | 135.64M |
| Foreign Exchange Rate Adjustments | -278.00K | 244.00K | -176.00K | 30.00K | -58.00K | -20.00K |
| Net Cash Flow | 18.85M | 5.43M | -42.55M | 34.65M | -52.85M | 86.41M |
| Free Cash Flow | -53.07M | -50.80M | -38.36M | -38.19M | -40.06M | -48.95M |
| Free Cash Flow Margin | -1,334.45% | -1,110.76% | -676.63% | -988.89% | -1,020.35% | -6,415.99% |
| Free Cash Flow Per Share | -0.39 | -0.38 | -0.32 | -0.35 | -0.40 | -2.08 |
| Levered Free Cash Flow | -91.65M | -21.71M | -17.59M | -14.57M | -13.56M | -20.42M |
| Unlevered Free Cash Flow | -90.22M | -20.13M | -17.32M | -15.43M | -13.56M | -18.52M |
| Cash Interest Paid | 9.18M | 8.69M | 3.50M | 1.81M | 4.94M | |
| Cash Income Tax Paid | 213.00K | 186.00K | 195.00K | 147.00K | ||
| Change in Working Capital | 1.99M | 1.95M | 7.03M | 2.67M | -2.69M | -14.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.62B | 2.24B | 2.03B | 490.20M | 311.71M | 836.36M |
| Enterprise Value | 1.41B | 2.32B | 2.01B | 461.73M | 248.31M | 1.30B |
| Last Close Price | 11.52 | 16.64 | 15.56 | 4.45 | 2.93 | 8.76 |
| PS Ratio | 456.16 | 490.13 | 358.03 | 126.93 | 79.39 | 1,096.15 |
| PB Ratio | 5.75 | -25.99 | 40.50 | 6.12 | 3.00 | 8.37 |
| P/TBV Ratio | 6.62 | 86.13 | 9.78 | 4.32 | 8.72 | |
| EV/Sales Ratio | 401.92 | 507.24 | 355.23 | 119.56 | 63.25 | 1,704.26 |
| Debt / Equity Ratio | 0.04 | -3.35 | 1.43 | 0.82 | 0.07 | |
| Net Debt / Equity Ratio | -0.65 | -1.58 | -0.17 | -0.25 | -0.46 | -1.00 |
| Net Debt / EBITDA Ratio | 3.16 | -2.16 | 0.16 | 0.33 | 0.78 | 2.46 |
| Net Debt / FCF Ratio | 4.06 | -2.69 | 0.23 | 0.52 | 1.19 | 2.04 |
| Asset Turnover | 0.01 | 0.02 | 0.04 | 0.03 | 0.03 | 0.01 |
| Quick Ratio | 19.49 | 12.47 | 6.87 | 8.99 | 6.48 | 15.24 |
| Current Ratio | 25.63 | 12.71 | 7.08 | 9.30 | 6.88 | 15.92 |
| Return on Equity (ROE) | -77.87% | -156.48% | -77.99% | -39.36% | ||
| Return on Assets (ROA) | -14.07% | -20.71% | -23.19% | -27.77% | -31.00% | -29.18% |
| Return on Capital Employed (ROCE) | -19.30% | -28.90% | -40.20% | -41.70% | -56.30% | -32.60% |
| Earnings Yield | -8.62% | -8.44% | -5.02% | -14.63% | -12.87% | -17.30% |
| FCF Yield | -2.93% | -2.27% | -1.89% | -7.79% | -12.85% | -5.85% |
| Buyback Yield / Dilution | -6.88% | -9.35% | -12.53% | -6.87% | -328.80% | -220.73% |