NextNav Inc. (NN) Stock Analysis
Technology · Software - Infrastructure · NasdaqCM
NextNav Inc. (NN) posted $4.57M in revenue for fiscal 2025 (down 19.3% year over year), with a net loss of $189.25M, and has compounded revenue about 51.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on NextNav Inc.
NextNav Inc. has grown revenue from $569,000 to $4.57M over the last 6 fiscal years, compounding about 51.7% a year. The most recent year was down 19.3%, so growth has cooled from its longer-run pace.
Net margin sits at -4138.5%, down 2341.4 points year over year on a -86.7% gross margin. It carries about $273.59M of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from NextNav Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
NextNav Inc. revenue & earnings — last 6 fiscal years
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $569,000 | $763,000 | $3.93M | $3.86M | $5.67M | $4.57M |
| Gross profit | $-324,000 | $531,000 | $-7.88M | $-8.88M | $-5.11M | $-3.97M |
| Net income | $-137.34M | $-144.67M | $-40.12M | $-71.73M | $-101.88M | $-189.25M |
| Net margin | -24136.4% | -18960.2% | -1021.8% | -1857.5% | -1797.1% | -4138.5% |
Source: NextNav Inc. SEC filings (10-K).
NextNav Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 40.2% over 4 years (96.5M → 135.4M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $273.6M of debt while last year's operating cash flow was negative ($-50.7M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -4138.5%).
Explore 6 years of NextNav Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeNextNav Inc. financial history by metric
About NextNav Inc.
NextNav Inc. provides positioning, navigation, and timing (PNT) solutions in the United States. The company offers Pinnacle, an accurate altitude service for public safety applications, including enhanced 911 for Verizon and national cellular network providers. It also provides TerraPoiNT, a 3D PNT system, provides positioning, navigation, and timing services provided by GPS through a land-based GPS satellite constellation. The company serves Wi-Fi, telecom, public safety, location apps, and critical infrastructure industries. The company was founded in 2007 and is headquartered in Reston, Virginia.
NextNav Inc. — frequently asked questions
What is NextNav Inc.'s revenue?
NextNav Inc. (NN) reported revenue of $4.57M for fiscal year 2025, down 19.3% from the prior year, according to its SEC filings.
Is NextNav Inc. profitable?
No — NN reported a net loss of $-189.25M in fiscal 2025.
What is NN's P/E ratio?
NextNav Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is NextNav Inc. growing?
NN's revenue grew at roughly 51.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does NextNav Inc. have?
As of fiscal year 2025, NN carried roughly $273.59M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is NextNav Inc.'s gross margin?
NN's gross margin was -86.7% in fiscal 2025 — gross profit of $-3.97M on revenue of $4.57M.
What is NextNav Inc.'s market cap?
NextNav Inc. (NN) has a market capitalization of about $3.02B, based on the latest data in our nightly-refreshed cache.
When does NextNav Inc.'s fiscal year end?
NN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from NextNav Inc.'s official SEC filings (10-K and 10-Q), covering 6 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.