What is NextNav's loss on debt extinguishment?

NextNav (NN) reported loss on debt extinguishment of -$13.73M in Q1 2025.

What does loss on debt extinguishment mean?

Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.

NextNav NN Loss on Debt Extinguishment

Loss on Debt Extinguishment at other companies

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$0—

Rackspace Technology, Inc.RXT

$55.8M—

BigBear.aiBBAI

-$15.83M-514%

Bausch Health CompaniesBHC

-$1M—

McGraw Hill, Inc.MH

-$1.22M—

Independence Realty TrustIRT

$0+100%

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

Reported directly by NextNav in its filing.

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

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 loss on debt extinguishment?: NextNav (NN) reported loss on debt extinguishment of -$13.73M in Q1 2025.
What does loss on debt extinguishment mean?: Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.