NN
NextNav Inc.16.85
+0.74+4.59%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
2.27BP/E (TTM)
-Basic EPS (TTM)
-1.18Dividend Yield
0%Recent Filings
10-K
FY2025 results
NextNav posted FY2025 revenue of $4.6M, down 19% y/y from $5.7M, as government and commercial contracts softened. Operating loss widened to $70M from $60M amid R&D ramp to $19M and SG&A to $40M, fueled by stock comp and headcount. Net loss exploded to $189M versus $102M, hammered by $106M other expenses from debt conversions and warrant fair-value swings. Q4 saw accelerated depreciation on retired assets, but cash pile hit $152M post-$190M note raise. No dividends or buybacks. FCC spectrum approval remains pivotal.
8-K
NextNav's 2025 loss widens
8-K
Appoints Lisa Hook as Lead Director
NextNav expanded its board from nine to ten directors on February 24, 2026, appointing Lisa Hook as Lead Independent Director and to the Technology and National Defense and Compensation committees. She'll get an initial $75,000 equity grant, $175,000 annual equity, and $80,000 cash retainer. Board strengthened. No related transactions disclosed.
8-K
Q3 profit amid cash boost
NextNav reported Q3 2025 results, swinging to a $483K net profit from a $13.6M loss last year, yet operating loss widened to $19.9M amid $887K revenue. Cash swelled to $167.6M, bolstered by $190M 2028 convertible notes proceeds that refinanced $70.7M 2026 debt. Operational wins included closing 900 MHz licenses and extending AT&T deal. Strong liquidity fuels 3D PNT push.
10-Q
Q3 FY2025 results
NextNav's Q3 revenue fell 44.8% y/y to $0.9M (derived), yet commercial revenue held at 99%, signaling service continuity amid government contract lapses. Operating loss widened to $19.9M from $13.9M y/y on R&D up 45% and $2.2M accelerated depreciation from retired network assets, while net swung to $0.5M profit via $23.6M fair value gains on warrants and derivatives—diluted EPS dived to -$0.12 from MTM reversals (reconciles to 149.6M shares). Cash swelled to $90.0M plus $77.6M short-term investments after $190M 2028 convertible notes funded $70.7M 2026 note repayment; long-term debt hit $230.1M (13% effective rate). Closed M-LMS licenses Sept 2025 for $20.4M stock plus $12.6M prepaid, adding $33.0M indefinite-lived intangibles. Debt covenants restrict investments, mergers.
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