Iothree vs Nextnav
Iothree is the larger business, with $14.7m of revenue in fiscal 2026 against $4.6m for Nextnav (3.2 times as much). Iothree grew faster (40.4% against -19.3%). Iothree kept more of each dollar of sales as profit: a net margin of -7.9% against -4138.5%.
| Latest fiscal year | IothreeIOTR, 2026 | NextnavNN, 2025 |
|---|---|---|
| Revenue | $14.7m | $4.6m |
| Revenue growth | 40.4% | -19.3% |
| Net income | −$1.2m | −$189m |
| Operating margin | -7.7% | — |
| Net margin | -7.9% | -4138.5% |
| Return on equity | -37.4% | — |
| Free cash flow | −$2.8m | −$50.8m |
| Cash | $2.1m | $44.8m |
| Total debt | $376,704 | $274m |
| Debt to equity | 8.4% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 103 |
| Market value | $4.5m | $1.66bn |
| Price vs our value range | — | — |
| Moat score | — | 12 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 35 sales |