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NEXTNAV INC.

NN Clue Score37
United States Fiscal year ends December CIK 0001865631
$12.35 +6.47% Close, 9 Oct 2026
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Price $12.35 +13.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Oct 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue0.6Operating income−29.5Net income−137.3Fiscal year 2021Revenue0.8 +34.1%Operating income−42.4Net income−144.7EPS, diluted−6.73Fiscal year 2022Revenue3.9 +414.5%Operating income−65.5Net income−40.1EPS, diluted−0.40Fiscal year 2023Revenue3.9 −1.6%Operating income−63.5Net income−71.7EPS, diluted−0.66Fiscal year 2024Revenue5.7 +46.8%Operating income−60.1Net income−101.9EPS, diluted−0.84Fiscal year 2025Revenue4.6 −19.3%Operating income−70.2Net income−189.3EPS, diluted−1.42
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.6 0.8 3.9 3.9 5.7 4.6
Growth +34.1% +414.5% −1.6% +46.8% −19.3%
Operating income −29.5 −42.4 −65.5 −63.5 −60.1 −70.2
Net income −137.3 −144.7 −40.1 −71.7 −101.9 −189.3
Growth
EPS, diluted n/a −6.73 −0.40 −0.66 −0.84 −1.42

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin−5,179.1%Net margin−24,136.4%Free cash flow margin−6,120.2%Fiscal year 2021Operating margin−5,560.8%Net margin−18,960.2%Free cash flow margin−6,416.0%Fiscal year 2022Operating margin−1,669.3%Net margin−1,021.8%Free cash flow margin−1,020.4%Fiscal year 2023Operating margin−1,645.0%Net margin−1,857.5%Free cash flow margin−988.9%Fiscal year 2024Operating margin−1,060.1%Net margin−1,797.1%Free cash flow margin−676.6%Fiscal year 2025Operating margin−1,535.8%Net margin−4,138.5%Free cash flow margin−1,110.8%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −5,179.1% −5,560.8% −1,669.3% −1,645.0% −1,060.1% −1,535.8%
Net margin −24,136.4% −18,960.2% −1,021.8% −1,857.5% −1,797.1% −4,138.5%
Free cash flow margin −6,120.2% −6,416.0% −1,020.4% −988.9% −676.6% −1,110.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−28.4Capital expenditure−6.4Free cash flow−34.8Fiscal year 2021Operating cash flow−47.9Capital expenditure−1.0Free cash flow−49.0Fiscal year 2022Operating cash flow−37.1Capital expenditure−3.0Free cash flow−40.1Buybacks−0.0Fiscal year 2023Operating cash flow−35.4Capital expenditure−2.8Free cash flow−38.2Fiscal year 2024Operating cash flow−38.0Capital expenditure−0.4Free cash flow−38.4Fiscal year 2025Operating cash flow−50.7Capital expenditure−0.1Free cash flow−50.8
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −28.4 −47.9 −37.1 −35.4 −38.0 −50.7
Capital expenditure −6.4 −1.0 −3.0 −2.8 −0.4 −0.1
Free cash flow −34.8 −49.0 −40.1 −38.2 −38.4 −50.8
Growth
Buybacks n/a n/a −0.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash13.7Shareholders’ equity−490.4Fiscal year 2021Cash100.1Shareholders’ equity100.0Fiscal year 2022Cash47.2Shareholders’ equity100.0Fiscal year 2023Cash81.9Total debt48.4Net cash (debt)33.4Shareholders’ equity78.7Debt to equity0.62Fiscal year 2024Cash39.3Total debt54.6Net cash (debt)−15.3Shareholders’ equity50.1Debt to equity1.09Fiscal year 2025Cash44.8Total debt273.6Net cash (debt)−228.8Shareholders’ equity−86.2
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 13.7 100.1 47.2 81.9 39.3 44.8
Total debt n/a n/a n/a 48.4 54.6 273.6
Net cash (debt) n/a n/a n/a 33.4 −15.3 −228.8
Shareholders’ equity −490.4 100.0 100.0 78.7 50.1 −86.2
Debt to equity n/a n/a n/a 0.62 1.09 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−5,179.1% −5,560.8% −1,669.3% −1,645.0% −1,060.1% −1,535.8%
−24,129.7% −18,953.3% −1,022.5% −1,851.7% −1,794.1% −4,134.2%
−24,136.4% −18,960.2% −1,021.8% −1,857.5% −1,797.1% −4,138.5%
−6,120.2% −6,416.0% −1,020.4% −988.9% −676.6% −1,110.8%
Spending
1,542.5% 1,240.5% 434.5% 505.0% 286.5% 414.4%
2,329.7% 1,776.5% 940.6% 785.2% 591.1% 865.1%
1,128.1% 133.9% 75.5% 71.2% 6.2% 1.1%
Returns
n/a −144.7% −40.1% −91.1% −203.3% n/a
−305.9% −105.7% −32.4% −44.2% −63.0% −76.6%
Balance and payout
n/a n/a n/a 0.62 1.09 n/a
369.0% 26.9% 16.1% 50.6% 69.0% 134.9%