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. In the quarter to June 2026, revenue fell 4.33%, EPS grew 50.0%, free cash flow fell 33.1% and total debt rose 25.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

9.64 1.07 −9.99%
Market cap
$1.8B
P/E
0.0×
Fwd P/E
−41.9×
Dividend yield
—
F-score
3/9
Altman Z
−2.19
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.69
Total sells 13.46
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — — —
Sell 2 4 — — 10 — — 6 — — 8 —
Insider Ownership 24.43%

Capital & Financial Ratios $m

Market Cap 1,810.00
Revenue 3.98
Net Income (111.85)
Free Cash Flow (53.61)
Net Debt (228.84)
Current Ratio 25.63 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (41.90) (negative: loss-making)
P/S ratio 343.30 (above 10: high)
P/B ratio 4.08
Past 5Y EPS Growth —
This Y EPS Growth 62.68% (at or above 15%: strong)
Next Y EPS Growth 7.55%
Next Y revenue growth (9.69%) (below 0%: weak)
Next 5Y EPS Growth 32.85% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 74.40%
10-year low 10-year high
P/B against its own 10 years 36.33%
10-year low 10-year high
EV/Sales against its own 10 years 74.90%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — 9.65 6.11 1.85 1.59 3.55 9.05

Analyst estimates 2026–2028

Powerpack
High — — — — 10.59 15.32 9.30 6.07 18.54 18.25
People
People Employees — — — — — 61 106 111 96 103
Revenue/emp, $m — — — — 0.00 0.01 0.04 0.03 0.06 0.04
Income, $m
Income, $m Revenue — — — — 1 1 4 4 6 5
Gross margin, % — — — — (1,265.55) (2,310.22) (200.71) (229.96) (90.10) (86.75)
EBT — — — — (137) (145) (40) (72) (102) (189)
EBT margin, % — — — — (24,129.70) (18,953.34) (1,022.52) (1,851.73) (1,794.07) (4,134.16)
Net income — 0 — — (137) (145) (40) (72) (102) (189)
Depreciation — — — — 1 11 4 8 11 17
Per share, $
Per share, $ Revenue — — — — 0.08 0.03 0.04 0.04 0.05 0.03
Earnings — — — — (0.01) (6.73) (0.40) (0.66) (0.84) (1.42)
Cash flow — — — — (3.87) (2.03) (0.37) (0.33) (0.31) (0.38)
Capex — — — — (0.98) (0.05) (0.04) (0.03) (0.01) 0.00
Free cash flow — — — — (4.84) (2.09) (0.40) (0.36) (0.32) (0.39)
Book value — — — — (16.44) 4.24 1.03 0.74 0.41 (0.65)
Shares, m — — — — 7 24 101 108 122 133
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 0.00 0.00 0.00
P/S — — — — 0.00 270.50 78.74 125.81 333.49 483.47
P/B — — — — 1.44 2.06 2.98 6.07 37.72 0.00
EV/Sales — — — — 0.00 140.13 65.97 116.13 328.99 510.02
EV/FCF — — — — 0.00 (2.17) (6.37) (11.45) (48.07) (45.54)
Cash, $m
Cash, $m Operating cash flow — — — — (28) (48) (37) (35) (38) (51)
Capex — — — — (7) (1) (4) (4) (1) 0
Free cash flow — — — — (36) (49) (41) (39) (39) (51)
Balance, $m
Balance, $m Working capital — — — — 14 100 52 81 74 145
Total debt — — — — 59 — 5 48 55 274
Net debt — — — — 45 (100) (50) (37) (25) 121
Shareholders’ equity — — — — (121) 100 104 80 50 (86)
Returns, %
Returns, % ROA — — — — (759.02) (174.44) (30.79) (50.17) (62.91) (92.60)
ROIC — — — — 0.00 0.00 (76.26) (92.96) (152.52) (124.65)
ROE — — — — 87.29 81.19 (39.36) (77.99) (156.48) 1,048.09
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $2.0B 170× 104× +17.02% (above 0%: growing) n/m +1,068.67% (above 0%: growing) 69.25% 2.07% Compare
AI C3.ai, Inc. $2.0B — (loss-making) — (loss-making) −25.46% (below 0%: shrinking) n/m +106.02% (above 0%: growing) 31.83% (187.62%) Compare
FORG ForgeRock, Inc. $2.0B — (loss-making) — (loss-making) +22.25% (above 0%: growing) n/m +28.02% (above 0%: growing) 77.49% (51.61%) Compare
EVTC Evertec, Inc. $1.9B 20.3× 10.0× +19.69% (above 0%: growing) −85.71% (below 0%: shrinking) +20.64% (above 0%: growing) 54.79% 19.39% Compare
ATEN A10 Networks, Inc. $1.8B 40.8× 41.0× +15.50% (above 0%: growing) −20.00% (below 0%: shrinking) +53.34% (above 0%: growing) 79.09% 11.26% Compare
NN NextNav Inc. $1.8B — (loss-making) — (loss-making) −4.33% (below 0%: shrinking) n/m −33.14% (below 0%: shrinking) (78.70%) (1,760.78%)
NYAX Nayax Ltd. $1.7B 209× 85.0× +28.25% (above 0%: growing) n/m −335.31% (below 0%: shrinking) 46.86% (5.42%) Compare
PRGS Progress Software Corporation $1.7B 18.6× 18.0× −1.52% (below 0%: shrinking) +23.27% (above 0%: growing) +19.24% (above 0%: growing) 82.74% 18.92% Compare
BAND Bandwidth Inc. $1.6B 722× 157× +22.16% (above 0%: growing) n/m −7.38% (below 0%: shrinking) 35.72% (2.07%) Compare
Median of peers $1.9B 105× 63.0× +18.36% −20.00% +24.33% 62.02% 0.00%

All 173 Software Infrastructure stocks →

NextNav Inc. (NN) key facts

  • Concern: NextNav Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.6 million, down 19.3% from fiscal 2024.
  • NextNav Inc. (NN) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, NN traded at $9.64, a market capitalization of $1.8 billion.
  • Return on equity was 1,048.1% and debt-to-equity 0.00.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −2.19 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/NN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com