NextNav Inc.

NN Technology Software Infrastructure

NextNav Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.6 million, down 19.3% from fiscal 2024.

Revenue
−4.33%
EPS
+50.0%
Free cash flow
−33.1%
Total debt
+25.4%

Quarter to June 2026, against a year earlier

8.04 0.72 −8.22%
Market cap
$1.4B
P/E
0.0×
Fwd P/E
−22.4×
Dividend yield
—
F-score
3/9
Altman Z
−2.19
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 5.89
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 4 — — 10 — — 6 — — 8 — —
Insider Ownership 24.43%

Capital & Financial Ratios $m

Size
Market Cap 1,360.00
Revenue ttm 3.98
Net income ttm (111.85)
Free cash flow ttm (53.61)
Net debt Q (228.84)
Valuation
P/E 0.00
Forward P/E (22.40) (negative: loss-making)
Price / sales 286.32 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 3.40
Financial health
Current ratio Q 25.63 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (6.57)
Growth
Revenue growth Q −4.33% (below 0%: shrinking)
Operating income growth Q −17.45% (below 0%: shrinking)
EPS, this year +62.68% (at or above 15%: strong)
EPS, next year A +7.55%
Revenue, next year A −9.69% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +32.85% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 64.42%
10-year low 10-year high
P/B against its own 10 years 31.63%
10-year low 10-year high
EV/Sales against its own 10 years 65.49%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 86 80 152 229
Receivables 2 3 2 2
Inventory — — — —
Other 3 3 3 73
91 86 157 304
2023 2024 2025 Q'26
Payables 0 1 1 1
ST’ Debt — — — —
Other — — — —
10 12 12 12

Compound Annual Growth %

10y 5y 3y
Sales — 51.71% 5.22%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.07) (0.24) — — —
’25 (0.45) (0.48) 0.00 (0.49) (1.42)
’24 (0.28) (0.21) (0.11) (0.25) (0.84)
’23 (0.15) (0.15) (0.21) (0.15) (0.66)
’22 (0.10) 0.01 (0.18) (0.12) (0.40)
’21 (3.68) (5.31) (4.41) (1.26) (6.73)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 1 — — —
’25 2 1 1 1 5
’24 1 1 2 2 6
’23 1 1 1 1 4
’22 1 1 1 1 4
’21 0 0 0 0 1
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (10) (18) — — —
’25 (12) (14) (9) (16) (51)
’24 (7) (12) (7) (12) (38)
’23 (7) (8) (9) (11) (35)
’22 (6) (11) (8) (12) (37)
’21 (8) (13) (8) (19) (48)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (10) (18) — — —
’25 (12) (14) (9) (16) (51)
’24 (7) (13) (7) (12) (39)
’23 (9) (10) (9) (11) (39)
’22 (6) (11) (10) (13) (41)
’21 (9) (13) (8) (19) (49)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 1 1 4 4 6 5 4 +51.7% 4 3 — (16.3%)
Gross margin, % — — — — (1,265.55) (2,310.22) (200.71) (229.96) (90.10) (86.75) (104.90) +1,178.8 pt
EBT — — — — (137) (145) (40) (72) (102) (189) (112) +6.6%
EBT margin, % — — — — (24,129.70) (18,953.34) (1,022.52) (1,851.73) (1,794.07) (4,134.16) (2,807.17) +19,995.5 pt
Net income — 0 — — (137) (145) (40) (72) (102) (189) (112) n/m
Per share, $
Per share, $ Revenue — — — — 0.08 0.03 0.04 0.04 0.05 0.03 0.03 (15.0%)
Earnings — — — — (23.20) (6.73) (0.40) (0.66) (0.84) (1.42) (0.81) (42.8%)
Cash flow — — — — (3.87) (2.03) (0.37) (0.33) (0.31) (0.38) (0.37) (37.1%)
Capex — — — — (0.98) (0.05) (0.04) (0.03) (0.01) 0.00 0.00 (67.4%)
Free cash flow — — — — (4.84) (2.09) (0.40) (0.36) (0.32) (0.39) (0.38) (39.7%)
Book value — — — — (16.44) 4.24 1.03 0.74 0.41 (0.65) 2.36 (47.6%)
Shares, m — — — — 7 24 101 108 122 133 136 +78.4%
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — 0.00 270.50 78.74 125.81 333.49 483.47 286.32 215.3
P/B — — — — 1.44 2.06 2.98 6.07 37.72 0.00 3.40 8.4
EV/Sales — — — — 0.00 140.13 65.97 116.13 328.99 510.02 295.96 193.5
EV/FCF — — — — 0.00 (2.17) (6.37) (11.45) (48.07) (45.54) (21.96) (18.9)
Cash, $m
Cash, $m Operating cash flow — — — — (28) (48) (37) (35) (38) (51) (53) +12.3%
Capex — — — — (7) (1) (4) (4) (1) 0 (1) (41.9%)
Free cash flow — — — — (36) (49) (41) (39) (39) (51) (54) +7.6%
Balance, $m
Balance, $m Working capital — — — — 14 100 52 81 74 145 292 +60.0%
Net debt — — — — 45 (100) (50) (37) (25) 121 (229) +21.9%
Shareholders’ equity — — — — (121) 100 104 80 50 (86) 335 (6.5%)
Returns, %
Returns, % ROA — — — — (759.02) (174.44) (30.79) (50.17) (62.91) (92.60) (34.64) +666.4 pt
ROIC — — — — 0.00 0.00 (76.26) (92.96) (152.52) (124.65) (44.71) (124.6) pt
ROE — — — — 87.29 81.19 (39.36) (77.99) (156.48) 1,048.09 (77.87) +960.8 pt
People
People Employees — — — — — 61 106 111 96 103 — +14.0%
Revenue/emp, $m — — — — 0.00 0.01 0.04 0.03 0.06 0.04 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

NextNav Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MQ Marqeta, Inc. $1.9B 14.6× 66.4× +7.88% (above 0%: growing) n/m −77.59% (below 0%: shrinking) 69.30% 3.56% Compare
PRGS Progress Software Corporation $1.8B 20.3× 36.0× −1.52% (below 0%: shrinking) +22.22% (above 0%: growing) +19.24% (above 0%: growing) 82.74% 18.92% Compare
STNE StoneCo Ltd. $1.8B 3.0× 3.0× +14.89% (above 0%: growing) −2.63% (below 0%: shrinking) +2,108.82% (above 0%: growing) 68.05% 43.79% Compare
NYAX Nayax Ltd. $1.7B 214× 179× +28.25% (above 0%: growing) n/m −335.31% (below 0%: shrinking) 46.86% (5.42%) Compare
ATEN A10 Networks, Inc. $1.6B 37.8× 39.0× +15.50% (above 0%: growing) −20.00% (below 0%: shrinking) +53.34% (above 0%: growing) 79.09% 11.26% Compare
PGY Pagaya Technologies Ltd. $1.5B 9.9× 11.2× +11.52% (above 0%: growing) +96.93% (above 0%: growing) −28.27% (below 0%: shrinking) 44.76% 28.82% Compare
NN NextNav Inc. $1.4B — (loss-making) — (loss-making) −4.33% (below 0%: shrinking) n/m −33.14% (below 0%: shrinking) (78.70%) (1,760.78%)
RDWR Radware Ltd. $1.3B 93.4× 124× +12.08% (above 0%: growing) −51.00% (below 0%: shrinking) +274.41% (above 0%: growing) 80.36% 2.56% Compare
BAND Bandwidth Inc. $1.2B 144× 125× +21.95% (above 0%: growing) n/m +151.09% (above 0%: growing) 36.24% 0.77% Compare
Median of peers $1.7B 29.1× 52.7× +13.49% −2.63% +36.29% 68.68% 7.41%

All 183 Software Infrastructure stocks →

NextNav Inc. (NN) Latest News

26 Oct

25 Oct

Impact 3 · · Simply Wall St.

22 Sep

Impact 4 · · Business Wire

18 Aug

Impact 3 · · The Motley Fool transcript

12 Aug

Impact 3 · · Moby transcript
stockrow.com/NN · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com