NEXTNAV INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.6M | $5.7M | $3.9M | $3.9M | $763,000 |
| Cost of revenue | — | $729,000 | $2.3M | $2.4M | $232,000 |
| Selling, general & administrative | $39.6M | $33.5M | $30.3M | $36.9M | $13.6M |
| Research and development | $19.0M | $16.2M | $19.5M | $17.1M | $9.5M |
| Operating expenses | — | $65.8M | $67.4M | $69.5M | $43.2M |
| Operating income | -$70.2M | -$60.1M | -$63.5M | -$65.5M | -$42.4M |
| Interest expense | — | — | — | — | $17.8M |
| Pretax income | -$189.1M | -$101.7M | -$71.5M | -$40.1M | -$144.6M |
| Income tax expense | $198,000 | $173,000 | $221,000 | -$28,000 | $52,000 |
| Net income | -$189.3M | -$101.9M | -$71.7M | -$40.1M | -$144.7M |
| Balance Sheet | |||||
| Current assets | $157.4M | $86.0M | $91.2M | $61.2M | $106.3M |
| Total assets | $247.0M | $161.7M | $162.2M | $123.8M | $136.8M |
| Current liabilities | $12.4M | $12.1M | $9.8M | $8.9M | $6.7M |
| Total liabilities | $333.3M | $111.6M | $82.1M | $19.9M | $36.9M |
| Stockholders' equity | -$86.2M | $50.1M | $78.7M | $100.0M | $100.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$50.7M | -$38.0M | -$35.4M | -$37.1M | -$47.9M |
| Depreciation and amortization | $7.8M | $5.2M | $4.8M | $3.7M | $1.8M |
| Stock-based compensation | $16.6M | $13.9M | — | — | — |
| Capital expenditure | $50,000 | $350,000 | $2.8M | $3.0M | $1.0M |
| Free cash flow | -$50.8M | -$38.4M | -$38.2M | -$40.1M | -$49.0M |
| Share repurchases | — | — | — | $4,000 | — |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 136.4M · Free float 46.8%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.