NextNav Inc.
NN · Price history
Price at last available close
$11.91
−$2.33 (-16.36%) 1M
2026-10-27
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Company & revenue
About NextNav Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
NextNav Inc. provides positioning, navigation, and timing (PNT) solutions in the United States. The company offers Pinnacle, an accurate altitude service for public safety applications, including enhanced 911 for Verizon and national cellular network providers. It also provides TerraPoiNT, a 3D PNT system, provides positioning, navigation, and timing services provided by GPS through a land-based GPS satellite constellation.
How they make money
NextNav generates revenue primarily through technology and services contracts with government and commercial customers. The company is currently in a development phase, aiming to deploy a wide-scale, terrestrial 3D Positioning, Navigation, and Timing (PNT) network that complements GPS, with a future business model focused on partnering with mobile operators to leverage 5G broadband capacity.
Products & services
NextNav provides 3D PNT solutions, including its TerraPoiNT system, which acts as a land-based, dedicated, complementary PNT network designed to overcome the limitations of space-based GPS.
Brands & revenue mix
A terrestrially based dedicated, complementary PNT network designed to overcome the limitations of GPS.
Separate brand revenue is not available in this research.Source
The company's planned 5G-based PNT solution.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company's revenue is derived from a limited number of government and commercial contracts, which creates concentration risk as disclosed in the 2025 Form 10-K.
Suppliers, materials & equipment
- Unnamed third-party wireless operators — The company relies on potential partnerships with third-party wireless operators to deploy its NextGen 5G services and network infrastructure.Source
Strengths
- Proprietary 3D PNT technology that provides a terrestrial backup to GPSSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
16
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
15
Poor
Financial Strength
7
Business Quality / Moat
29
Management
0
Growth Quality
27
Risk / Durability
14
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
30
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
40/100
Building Historical Record
Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Severe debt stress
- •M&A headline · Aug 10, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for NN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving NN's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can NN fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is NN likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for NN to reach sustainable profitability?
- •What future growth or profitability would be needed to justify NN's current valuation?
Essential Investment Snapshot
Wall Street Score
16
Opportunity Score
30
Market Cap
$1.62B
P/E Ratio
-14.1
EPS
$-0.81
52-Week High
$24.42
52-Week Low
$10.87
Beta
1.16
Analyst Target
$27.00
Shares Outstanding
132.9M
Total Revenue
$4.0M
Total Debt
$13.2M
Dividend
No current dividend
Liquidation Value / Share
$2.52
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NN
Detected from reported data — verify before acting.Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
M&A headline · Aug 10, 2026
How Much Upside is Left in Spartacus Acquisition (NN)? Wall Street Analysts Think 106.44% — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Zacks Investment ResearchCommunity Sentiment
0 active · 0 total callsNo personal call yet on NN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary 3D PNT technology that provides a terrestrial backup to GPS.
Potential downside factors
- −Debt risk (severe): Negative shareholder equity.
- −Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
15
Oct 1, 2026
Change
+0.1
points
Current Score
16
Oct 8, 2026
Category Changes
NN increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
18
Projected Change
+2.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$11.91
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0M | $4.6M | $5.7M | $3.9M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $11.1M | $16.3M | $10.8M | $12.7M | ···· | ···· | ···· | ···· |
| Gross Profit | -$7.1M | -$11.7M | -$5.1M | -$8.9M | ···· | ···· | ···· | ···· |
| Research & Development | $21.5M | $19.0M | $16.2M | $19.5M | ···· | ···· | ···· | ···· |
| SG&A Expenses | $32.1M | $39.6M | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Operating Expenses | $68.5M | $58.5M | $55.0M | $54.6M | ···· | ···· | ···· | ···· |
| EBITDA | -$98.0M | -$168.9M | -$87.1M | -$63.0M | ···· | ···· | ···· | ···· |
| Operating Income | -$75.6M | -$70.2M | -$60.1M | -$63.5M | ···· | ···· | ···· | ···· |
| Interest Expense | $5.9M | $12.4M | $9.4M | $3.7M | ···· | ···· | ···· | ···· |
| Income Before Tax | -$111.6M | -$189.1M | -$101.7M | -$71.5M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $214K | $198K | $173K | $221K | ···· | ···· | ···· | ···· |
| Net Income | -$111.9M | -$189.3M | -$101.9M | -$71.7M | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.81 | $-1.42 | $-0.84 | $-0.66 | ···· | ···· | ···· | ···· |
| Basic Shares | 142M | 133M | 122M | 108M | ···· | ···· | ···· | ···· |
| Diluted Shares | 142M | 133M | 122M | 108M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.24
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-95.0%
Cash Change
+32.0%
Margin Change
+2322.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included cash levels, debt levels, net income margin. Pressure indicators included revenue growth, EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 4.3%. EPS declined 50.0%. Cash increased 32.0%. Total debt declined 95.0%. Net income margin improved by 2322.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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NextNav (NASDAQ:NN) Shares Down 5.8% – What’s Next?
NextNav Inc (NN) Shares Fall 4.7% -- What GF Score of 54 Tells Investors
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Rumor Mill · NN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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