NNNasdaqSearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 31Also trades as NXNVW
NEXTNAV INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$9.57−0.02 (-0.21%)
Close on Oct 19, 2026
- Market cap
- $1.36B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
-86.7%−29.8 pts over 5 years
Operating margin
-1535.8%+3643.3 pts over 5 years
Net margin
-4138.5%+19997.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -19.3% | +5.2% | +51.7% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 33.6% | 1048.1% | |
| Return on assets | – | – | -92.6% | |
| Current ratio | – | 4.26 | 12.71 | |
| Debt to equity | – | – | -3.17 | |
| Net debt to EBITDA | – | – | -3.66× | |
| Interest coverage | – | -2.9× | – | |
| Capex to revenue | – | 1128.1% | 1.1% | |
| Diluted shares | – | 7M | 0M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nextnav generated $209.22M from operations and spent $7.14M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$209.22M
Used
$7.14M
Capital expenditure$7.14M100%Dividends$00%Share buybacks$4.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4138.5%
×Asset turnover0.02×
×Equity multiplier-11.32×
=Return on equity, FY20251048.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4138.5% | 0.02× | -11.32× | 1048.1% |
| FY2024 | -1797.1% | 0.04× | 2.51× | -158.1% |
| FY2023 | -1857.5% | 0.03× | 1.60× | -80.3% |
| FY2022 | -1021.8% | 0.03× | 1.30× | -40.1% |
| FY2021 | -18960.2% | 0.01× | -0.47× | 74.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$189.25M
- Cash generatingOperating cash flow above zero-$50.75M
- Return on assets improvedROA up on the prior year-62.8% → -117.0%
- Earnings backed by cashOperating cash flow above net income-$50.75M vs -$189.25M
- Less leverageLong-term debt to assets fell33.8% → 110.8%
- Better liquidityCurrent ratio rose7.09 → 12.71
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year-90.10% → -86.75%
- More efficientAsset turnover rose0.03 → 0.03