NextNav (NN) AI Stock Analysis

• Market Cap: $1.69B
• Dividend Yield: N/A
• Average Volume (3M): 1.31M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: 11.61%
• EPS Growth: -54.84%
• Country: US
• Employees: 96
• Sector: Technology
• Sector Strength: 88
• Industry: Internet Content & Information
• EPS (TTM): -0.12
• Shares Outstanding: 134,829,090
• 10 Day Avg. Volume: 1,233,824
• 30 Day Avg. Volume: 1,307,839
• PEG Ratio: -0.68
• Price to Book (P/B): 37.72
• Price to Sales (P/S): 333.49
• P/FCF Ratio: -49.29
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 400.23
• Enterprise Value/Gross Profit: -619.76
• Enterprise Value/Ebitda: -33.82
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -1.22
• Revenue Forecast (FY): $5.04M

• Rating: 47 Neutral
• Price Target: $12.50 ▲(0.00% Upside)

NextNav's overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and high leverage. Technical indicators also suggest bearish momentum. However, the positive sentiment from the earnings call, driven by strategic partnerships and technical achievements, provides some optimism. The valuation remains unattractive due to negative earnings and no dividend yield.

NextNav Business Overview & Revenue Model

Company Description

NextNav (NN) is a technology company specializing in advanced positioning, navigation, and timing (PNT) solutions. The company operates in the sectors of wireless communication and location services, providing highly accurate indoor and outdoor positioning capabilities. NextNav's core products include its Pinnacle™ technology, which delivers vertical location services, and its Metronome™ platform, offering precise timing and location data, catering to various industries such as public safety, telecommunications, and smart cities.

How the Company Makes Money

NextNav generates revenue primarily through the licensing of its proprietary technology and data solutions to various sectors, including government agencies, public safety organizations, and commercial enterprises. Key revenue streams include subscription-based services for real-time location data, one-time fees for integration and setup, and partnerships with telecommunications companies that leverage NextNav's technology for enhanced services. The company also benefits from collaborations with municipalities and urban planners, providing location services that support smart infrastructure and public safety initiatives, contributing significantly to its earnings.

NextNav Financial Statement Overview

Summary

NextNav is facing significant financial challenges across all key areas. The income statement shows persistent losses and declining revenue, while the balance sheet reveals high leverage and negative equity. Although there is some improvement in free cash flow, overall cash flow remains weak. The company needs to address its revenue generation and cost management to improve its financial health.

Income Statement

NextNav's income statement reveals significant challenges. The company has consistently reported negative gross profit margins, with the TTM (Trailing-Twelve-Months) gross profit margin at -43.74%. Net profit margins are also deeply negative, indicating substantial losses relative to revenue. Revenue growth has been negative in the TTM period, showing a decline of 11.50%. These factors highlight ongoing profitability issues and a lack of revenue growth.

Balance Sheet

The balance sheet shows a concerning financial structure with negative stockholders' equity in the TTM period, leading to a negative debt-to-equity ratio. This indicates that liabilities exceed assets, posing a risk to financial stability. The return on equity is positive due to negative equity, but this is not a sign of strength. Overall, the balance sheet reflects high leverage and financial instability.

Cash Flow

Cash flow analysis indicates some improvement, with a positive free cash flow growth rate of 4.68% in the TTM period. However, operating cash flow remains negative, and the operating cash flow to net income ratio is also negative, suggesting cash flow challenges. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow covers net losses, but overall cash flow health remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.54M	5.67M	3.86M	3.93M	763.00K	569.00K
Gross Profit	-3.58M	-5.11M	-8.88M	-7.88M	-17.63M	-7.20M
EBITDA	-65.55M	-55.48M	-59.04M	-61.31M	-40.65M	-127.03M
Net Income	-153.56M	-101.88M	-71.73M	-40.12M	-144.67M	-137.34M
Balance Sheet
Total Assets	263.07M	161.74M	162.16M	123.79M	136.82M	44.90M
Cash, Cash Equivalents and Short-Term Investments	167.58M	80.11M	85.83M	55.45M	100.08M	8.67M
Total Debt	245.81M	71.44M	66.11M	7.82M	0.00	58.87M
Total Liabilities	285.19M	111.62M	82.06M	19.92M	36.87M	535.28M
Stockholders Equity	-22.12M	50.12M	78.73M	100.02M	99.96M	-490.38M
Cash Flow
Free Cash Flow	-47.15M	-38.36M	-38.19M	-40.67M	-49.21M	-35.58M
Operating Cash Flow	-46.62M	-38.01M	-35.44M	-37.09M	-47.93M	-28.41M
Investing Cash Flow	-56.77M	-39.47M	1.07M	-15.74M	-1.28M	-7.18M
Financing Cash Flow	125.44M	35.10M	68.98M	43.00K	135.64M	34.77M

NextNav Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NN, the sentiment is Negative. The current price of 12.5 is below the 20-day moving average (MA) of 12.60, below the 50-day MA of 13.97, and below the 200-day MA of 13.59, indicating a bearish trend. The MACD of -0.43 indicates Negative momentum. The RSI at 35.74 is Neutral, neither overbought nor oversold. The STOCH value of 48.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NN.

NextNav Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TRVG	54 Neutral	$201.15M	72.54	1.22%	―	17.38%	―
BODI	53 Neutral	$32.51M	-0.54	-102.66%	―	-37.41%	60.58%
PODC	52 Neutral	$61.63M	―	-34.22%	―	20.01%	27.28%
CCG	52 Neutral	$79.15M	-8.78	―	―	105.31%	95.66%
NN	47 Neutral	$1.69B	―	-706.79%	―	11.61%	-54.84%
SEAT	43 Neutral	$120.00M	―	-51.54%	―	-16.83%	-485.31%

NextNav Corporate Events

NextNav’s Earnings Call: Positive Outlook Amid Challenges

NextNav Inc. recently held its earnings call, revealing a positive sentiment driven by significant technical achievements, strategic partnerships, and robust financial health. Despite some challenges posed by regulatory uncertainties and the impact of the government shutdown on FCC processes, the company remains optimistic about its future prospects.

NextNav Inc. Reports Q3 2025 Earnings and Strategic Advances

NextNav Inc. is a prominent player in the next-generation 3D Positioning, Navigation, and Timing (PNT) solutions sector, leveraging licensed low-band spectrum and the global 5G ecosystem to provide a reliable backup to GPS, crucial for national security, public safety, and economic stability.

NextNav Extends Agreement with AT&T for Pinnacle Network

On October 9, 2025, NextNav LLC amended its agreement with AT&T Services, Inc. to extend the term of their Equipment, Network Colocation and Installation Agreement for the Pinnacle network operations by approximately two years, now expiring on October 28, 2028. This extension maintains the operational and financial terms of the original agreement, allowing NextNav to continue leveraging AT&T’s infrastructure for its public safety applications, while also retaining the flexibility to expand its network independently.

The most recent analyst rating on (NN) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on NextNav stock, see the NN Stock Forecast page.

NextNav Finalizes Acquisition of M-LMS Licenses

NextNav Inc. finalized an Asset Purchase Agreement on September 19, 2025, acquiring M-LMS licenses from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation for up to $50 million. This acquisition, paid in cash and common stock, includes potential future considerations contingent on FCC’s spectrum use flexibility, and strengthens NextNav’s position in the location services market.

The most recent analyst rating on (NN) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on NextNav stock, see the NN Stock Forecast page.

NextNav Appoints Timothy Gray as New CFO

On September 21, 2025, NextNav Inc. appointed Timothy A. Gray as Executive Vice President and Chief Financial Officer, effective September 22, 2025. Gray, who previously served as CFO at Anterix Inc., brings extensive experience in finance and leadership to NextNav as it prepares for the commercialization of its technology. Concurrently, Christian Gates transitioned from CFO to Executive Vice President of Corporate Development, focusing on strategy and corporate growth. These leadership changes are aimed at driving the company’s next chapter of growth and optimizing its technological offerings in the lower 900 MHz band.

The most recent analyst rating on (NN) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on NextNav stock, see the NN Stock Forecast page.