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NextNav

NN

NextNav is a market leader in resilient positioning, navigation, and timing (PNT) solutions designed to complement or backup space-based GPS systems.

Market cap
$2.31B+7.2%
Revenue$4.0M-34.6%
Net income-$141.3M-9.7%
Free cash flow-$48.6M-11.7%
EPS (diluted)-$1.21-18.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$917.5K
EPS estimate-$0.16

Financials

Q1 2026

Income statement

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Revenue$995.0K-35.3%
Gross profit-$1.1M-13.4%
Operating income-$19.3M-13.8%
Net income-$10.6M+81.9%
EPS (diluted)-$0.12+73.3%

Balance sheet

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Cash & equivalents$30.6M-79.7%
Total debt$281.5M+22.3%
Total equity-$90.0M-1,469%
Total assets$235.6M-12.3%

Cash flow

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Operating cash flow-$10.0M+17.6%
CapEx$10.0K-66.7%
Free cash flow-$10.1M+17.7%

Valuation & ratios

Valuation

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Market cap$2.31B+7.2%
Enterprise value$2.56B+8.6%
P/S572.6×+229×

Profitability

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Gross margin-101.8%-194pp
Operating margin-1,801.2%+8,257pp
Net margin-3,506.9%+7,356pp
FCF margin-1,207.2%+2,928pp

Returns & leverage

See full
Current ratio10.5×-6.3×

Segments

By product

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Commercial Services$995.0K+6.8%

Competitors

By market cap

By revenue growth

By net margin

Iridium Communications logo
Iridium Communications
12.05%-2.6pp
NextNav logo
NextNav
-3,506.95%-1,416pp

Profile

NextNav is a market leader in resilient positioning, navigation, and timing (PNT) solutions designed to complement or backup space-based GPS systems. The company utilizes a ground-based transmitter network and low-band spectrum assets to provide high-precision 3D location and timing services that penetrate buildings and resist jamming. Their core value proposition centers on addressing national security vulnerabilities and enhancing location accuracy for public safety and autonomous systems.

Competitive position

The company is a market leader in terrestrial PNT, holding significant low-band spectrum licenses and established partnerships with major U.S. carriers.

GeographiesUnited States, Japan, France, India
Customer segmentsTelecommunications Carriers, Government Agencies, Public Safety, Application Developers
Business modelLicensing, Service Provider, SaaS, B2B, B2G
SuppliersFCC spectrum licensing, Barometric sensor manufacturers, Wireless site infrastructure providers, Semiconductor and chip designers
CustomersFirst responders, E911 dispatchers, Mobile app users, Autonomous drone operators, Critical infrastructure managers
Listed2021
Employees111.0
CEOMariam Sorond
FilingsSEC EDGAR

Questions, answered.

What is NextNav's market cap?
NextNav (NN) has a market capitalization of $2.3B and trades on NASDAQ.
What is NextNav's revenue and profitability?
NextNav generated $4.0M in trailing twelve-month revenue with a net loss of $141.3M, representing a net margin of -3506.9%. Gross margin stands at -101.8%, with free cash flow of -$48.6M. These figures are based on the Q1 2026 filing.
Who are NextNav's competitors?
NextNav's key competitors include Iridium Communications Inc.. These companies compete in similar markets and product categories.
Who does NextNav partner with?
NextNav's notable partners include AT&T, Verizon Communications, Inc., MetCom, and others.
Where is NextNav headquartered?
NextNav is headquartered in United States of America and employs approximately 111 people. It has been publicly traded since 2021.