What is NextNav's contract liabilities?

NextNav (NN) reported contract liabilities of $633K in Q1 2026.

How has NextNav's contract liabilities changed year-over-year?

NextNav's contract liabilities increased by 104.2% year-over-year, from $310K to $633K.

What is the long-term trend for NextNav's contract liabilities?

Over 4 years (2021 to 2025), NextNav's contract liabilities has grown at a 318.5% compound annual growth rate (CAGR), from $1.6K to $491K.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

NextNav NN Contract Liabilities

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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

See full

Return on equity-412.4%-701pp

Debt / equity35×+33.8×

Current ratio10.5×-6.3×

Where this comes from

Reported directly by NextNav in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

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 contract liabilities?: NextNav (NN) reported contract liabilities of $633K in Q1 2026.
How has NextNav's contract liabilities changed year-over-year?: NextNav's contract liabilities increased by 104.2% year-over-year, from $310K to $633K.
What is the long-term trend for NextNav's contract liabilities?: Over 4 years (2021 to 2025), NextNav's contract liabilities has grown at a 318.5% compound annual growth rate (CAGR), from $1.6K to $491K.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.