What is NextNav's cash ratio?

NextNav (NN) reported cash ratio of 2.2× in Q1 2026.

How has NextNav's cash ratio changed year-over-year?

NextNav's cash ratio decreased by 83.3% year-over-year, from 13× to 2.2×.

What is the long-term trend for NextNav's cash ratio?

Over 5 years (2020 to 2025), NextNav's cash ratio has grown at a 12.1% compound annual growth rate (CAGR), from 2× to 3.6×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

NextNav NN Cash ratio

Cash ratio at other companies

Iridium CommunicationsIRDM

1×+0.6×

Other financials

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

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Market cap$2.34B+35.8%

Enterprise value$2.59B+44.3%

P/S580.1×+301×

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

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Return on equity-412.4%-701pp

Debt / equity35×+33.8×

Current ratio10.5×-6.3×

Where this comes from

Calculated from NextNav’s reported figures.

cash and equivalents/total current liabilities=2.2×

Based on the most recent quarter.

The official record: NextNav’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NextNav's cash ratio?: NextNav (NN) reported cash ratio of 2.2× in Q1 2026.
How has NextNav's cash ratio changed year-over-year?: NextNav's cash ratio decreased by 83.3% year-over-year, from 13× to 2.2×.
What is the long-term trend for NextNav's cash ratio?: Over 5 years (2020 to 2025), NextNav's cash ratio has grown at a 12.1% compound annual growth rate (CAGR), from 2× to 3.6×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.