NextNav (NN) AI Stock Analysis

• Market Cap: $1.62B
• Dividend Yield: N/A
• Average Volume (3M): 1.15M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.14
• Revenue Growth: 51.10%
• EPS Growth: -27.02%
• Country: US
• Employees: 96
• Sector: Technology
• Sector Strength: 84
• Industry: Internet Content & Information
• EPS (TTM): -0.45
• Shares Outstanding: 132,397,170
• 10 Day Avg. Volume: 1,277,057
• 30 Day Avg. Volume: 1,146,949
• PEG Ratio: 0.08
• Price to Book (P/B): 2.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.28
• Enterprise Value/Market Cap: 0.16
• Enterprise Value/Revenue: 12.12
• Enterprise Value/Gross Profit: -58.49
• Enterprise Value/Ebitda: -1.12
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $12.00 ▼(-5.29%Downside)

NextNav's overall stock score is driven by significant financial challenges, including persistent losses and high leverage. While there are positive elements from strategic financing and governance changes, the negative financial performance and valuation concerns weigh heavily on the score.

NextNav Business Overview & Revenue Model

Company Description

NextNav Inc. provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally. The company sells its solutions directly to customers or through partners. The company was founded in 2007 and is headquartered in McLean, Virginia.

How the Company Makes Money

NextNav makes money by offering its advanced location services to businesses and government agencies that require precise geolocation capabilities. The company's revenue model is primarily based on subscription and licensing fees for access to its proprietary platforms, such as TerraPoiNT and Pinnacle. These platforms are leveraged by industries that need reliable indoor and 3D location data, enhancing operational efficiency and safety. Additionally, NextNav partners with technology companies and service providers to integrate its location solutions into third-party applications and networks, further expanding its market reach and revenue opportunities.

NextNav Financial Statement Overview

Summary

NextNav faces significant financial challenges across all areas. Persistent losses, negative margins, high leverage, and negative cash flow indicate financial instability. Despite some revenue growth, the company's profitability and financial health are concerning.

Income Statement

NextNav's income statement reveals significant financial challenges with consistent net losses. The gross profit margin is negative at -71.2% for TTM (Trailing-Twelve-Months), indicating that cost of goods sold exceeds revenue. The net profit margin is also deeply negative at -209.0%, and EBIT and EBITDA margins are negative as well at -98.9% and -129.6% respectively. While there is some revenue growth of 8.7% for TTM, the company's profitability remains a concern.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 2.59 for TTM, indicating significant leverage. Return on Equity (ROE) is negative at -1961.3%, reflecting high net losses relative to equity. The equity ratio is low at 2.4%, suggesting a heavy reliance on debt financing. These factors highlight financial instability and high risk, though the company does have a substantial amount of cash and short-term investments.

Cash Flow

NextNav's cash flow statement shows negative free cash flow, which has declined by 14.2% from the previous year. The operating cash flow to net income ratio is 0.34, indicating that operating cash flows are insufficient to cover net losses. Financing activities have been used to offset cash outflows, but the reliance on external financing is a concern. Overall, cash flow management appears strained.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.16M	5.67M	3.86M	3.93M	763.00K	569.00K
	Gross Profit
-4.39M	-5.11M	-8.88M	-7.88M	-17.63M	-7.20M
	EBIT
-60.95M	-60.10M	-63.53M	-65.54M	-42.43M	-29.47M
	EBITDA
-79.90M	-54.86M	-58.71M	-61.31M	-40.71M	-127.03M
	Net Income Common Stockholders
-128.85M	-101.88M	-71.73M	-40.12M	-144.67M	-137.34M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
188.41M	80.11M	85.83M	55.45M	100.08M	8.67M
	Total Assets
268.61M	161.74M	162.16M	123.79M	136.82M	44.90M
	Total Debt
16.99M	71.44M	66.11M	7.82M	0.00	58.87M
	Net Debt
-133.43M	32.10M	-15.76M	-39.41M	-100.08M	50.20M
	Total Liabilities
262.03M	111.62M	82.06M	19.92M	36.87M	535.28M
	Stockholders Equity
6.57M	50.12M	78.73M	100.02M	99.96M	-490.38M
Cash Flow		Free Cash Flow
-43.83M	-38.36M	-39.17M	-40.67M	-49.21M	-35.58M
	Operating Cash Flow
-43.20M	-38.01M	-35.44M	-37.09M	-47.93M	-28.41M
	Investing Cash Flow
-34.35M	-39.47M	1.07M	-15.74M	-1.28M	-7.18M
	Financing Cash Flow
154.76M	35.10M	68.98M	43.00K	135.64M	34.77M

NextNav Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NN, the sentiment is Positive. The current price of 12.67 is above the 20-day moving average (MA) of 12.61, above the 50-day MA of 12.45, and above the 200-day MA of 11.95, indicating a bullish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 52.43 is Neutral, neither overbought nor oversold. The STOCH value of 70.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NN.

NextNav Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBLA	74 Outperform	$1.16B	93.70	1.35%	―	16.62%	―
YELP	71 Outperform	$2.37B	17.56	19.74%	―	5.93%	29.17%
Sector *	62 Neutral	$11.93B	10.60	-7.51%	3.00%	7.40%	-8.09%
GENI	62 Neutral	$2.39B	―	-7.25%	―	22.90%	49.04%
TRVG	59 Neutral	$301.92M	―	-11.66%	―	0.77%	87.59%
KIND	51 Neutral	$627.45M	―	-18.77%	―	12.01%	35.71%
NN	47 Neutral	$1.62B	―	-412.45%	―	51.10%	-27.02%

NextNav Corporate Events

NextNav Holds 2025 Annual Stockholders Meeting

On May 22, 2025, NextNav Inc. held its 2025 Annual Meeting of Stockholders where the company’s stockholders elected nine director nominees to the Board of Directors and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. This meeting’s outcomes ensure continuity in leadership and financial oversight, potentially strengthening NextNav’s governance and operational stability, which may positively influence stakeholder confidence.

NextNav Expands Board with Two New Appointments

On April 11, 2025, NextNav Inc. announced the expansion of its Board of Directors from seven to nine members, appointing Rear Admiral (Ret.) H. Wyman Howard III and Rear Admiral (Ret.) Lorin Selby as new directors, effective May 1, 2025. This strategic move is expected to strengthen the company’s governance structure ahead of its 2025 Annual Meeting of Stockholders, where both appointees will stand for reelection.

NextNav Secures $190M in Convertible Notes Deal

On March 27, 2025, NextNav Inc. announced the closing of a $190 million private placement of 5% redeemable senior secured convertible notes due 2028. The net proceeds of approximately $188.6 million will be used to redeem the company’s existing 10% Senior Secured Notes due 2026, enhancing its financial position and operational flexibility.

NextNav Announces $190M Note Purchase Agreement

On March 12, 2025, NextNav Inc. announced a Note Purchase Agreement for a private placement of $190 million in 5% senior secured convertible notes due 2028, led by M-Cor Capital and Fortress Investment Group. The proceeds will be used to redeem existing 10% Senior Secured Notes due 2026, enhancing NextNav’s financial position and supporting its growth objectives in the PNT industry. This transaction is expected to close around March 31, 2025, and includes issuing warrants to purchase shares of common stock to the lead investors, reflecting a strategic move to strengthen the company’s market positioning and stakeholder value.