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NASDAQ: NN Nasdaq Communications Equipment Next results ~November 10, 2026

Nextnav Inc. is a US-listed company in the communications equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Nextnav Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Nextnav Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling1 purchase and 35 sales by directors and officers, last 12 monthsInsider trades
  • Funds147 adding, 63 cuttingOf 39 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nextnav files

Where Nextnav stands after its latest 10-Q

Nextnav has little or no product revenue yet; it used $53m of cash in the twelve months to June 2026. That puts it 27 of 27 for growth among the communications equipment companies we cover. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 2 financial-health checks.

Our model value for Nextnav is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Nextnav Inc.'s trailing-twelve-month revenue fell 36.5% year on year, with a free-cash-flow margin of -1334.4%.

Current signal Net income rising while operating cash flow falls: TTM net income grew 33.3% while operating cash flow fell 19.4% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 36.5% over the last 12 months.
  • Loss-making. Operating margin is -1900.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 896.1 points on a year ago.
  • Burning cash. Free cash flow was -1334.4% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 493.8% of revenue: a real cost that cash-flow figures leave out.

Latest results: FY2026 Q2

Filed August 11, 2026
Earnings per share
-$0.39 against an average estimate of -$0.15: missed by 151.4%
Revenue
$1m, down 4.3% on a year earlier
Share reaction
+24.6% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
Next report
November 10, 2026; average EPS estimate -$0.12

Nextnav's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-16.5%
  • 1 week-14.7%
  • 1 month-31.2%
  • This year-42.2%
  • 1 year-27.9%
  • 5 years+14.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4M
Operating margin
-1900.4%
Net margin
-2812.5%

Growth

Revenue growth
−36.5%
Change in growth rate
−1.8 pts

Cash

Free cash flow (TTM)
-$53.1M
FCF margin
-1334.4%
Stock pay % of revenue
493.8%

Earnings

Last results
August 11, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nextnav Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Nextnav Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.19 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.0–$0.1 Left out: out of range vs price (0.00x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nextnav Inc. with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025
Share price$10.06$8.76$2.93$4.45$15.56$16.64
Market value$74m$206394$296m$480m$1.9bn$2.2bn
+ Net debt (− = net cash)$45m−$99m−$46m−$33m$15m$229m
Enterprise value$119m−$99m$250m$447m$1.9bn$2.4bn
Multiples
Price / sales 129.9x0.3x75.4x124.4xn/mn/m
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

12 /100

Weak moat

How hard Nextnav's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -55.5% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -1860.3%; its worst year was -2093.1%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -1334.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (17 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $986500 and EPS of −$0.12 (range −$0.13 to −$0.10) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.46 +65% $4m −10%
Next −$0.57 −24% $3m −23%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −22.0% on 90 days ago. In the last 30 days, 0 analysts raised Nextnav Inc.'s forecast and 1 cut it.

Consensus EPS forecast Nextnav Inc., last 90 days
−$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.59 Current fiscal year, 60 days ago: −$0.46 Current fiscal year, 30 days ago: −$0.41 Current fiscal year, 7 days ago: −$0.44 Current fiscal year, Now: −$0.46 −$0.46 Next fiscal year, 90 days ago: −$0.53 Next fiscal year, 60 days ago: −$0.57 Next fiscal year, 30 days ago: −$0.57 Next fiscal year, 7 days ago: −$0.57 Next fiscal year, Now: −$0.57 −$0.57

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.59−$0.53
60 days ago −$0.46−$0.57
30 days ago −$0.41−$0.57
7 days ago −$0.44−$0.57
Now −$0.46−$0.57

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.15 −$0.39 −151.4%
Mar 2026 −$0.15 −$0.08 +46.7%
Dec 2025 −$0.13 −$0.50 −284.6%
Sept 2025 −$0.14 −$0.12 +14.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202633
  2. Sep 202633
  3. Aug 202633

Counts of recommendations published by analysts covering Nextnav Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.0%
of tradable shares
Days to cover
7.51
at average volume
Short interest, 1 month
+28%
to October 15, 2026
Held by institutions
61%
of shares
Held by insiders
22.6%
of shares
Employees
103
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −27.9%

$13.35 on October 31, 2025 to $9.62

ThenNowEffect
Revenue (last 12 months) $6m $4m −36.5%
P/S multiple n/m n/m +29.1%
Share count 126m 144m −12.2%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +105.6%

$4.68 on November 3, 2023 to $9.62

ThenNowEffect
Revenue (last 12 months) $3m $4m +35.5%
P/S multiple 166.1x n/m +109.3%
Share count 104m 144m −27.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NN−13%−67%+52%+250%+7%−42%
Industry peers (median)+18%−18%−12%+23%+1%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NN67%33%67%58%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NN−49%−79%−50%−31%−42%−61%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2020: 87% from November 1, 2021 to March 23, 2023. Getting back needed a 643% gain, reached on November 4, 2024, 592 days after the low.

Price behaviour

52-week range
$9.21 – $23.59
From 52-week high
−59.2%
vs 50-day average
−28.1%
vs 200-day average
−41.4%
Volatility (1 year)
82%
Beta vs S&P 500
1.89

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±8.7%
After a week
7 up, 5 down
typical move ±7.6%
After a month
6 up, 6 down
typical move ±16.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 +24.6% −0.1% +24.2% −3.9%
May 14, 2026 +2.2% −0.4% +1.7% −7.1%
March 17, 2026 +10.1% −1.1% +11.5% +29.4%
November 6, 2025 −0.9% −1.0% −2.9% +27.8%
August 6, 2025 −9.7% +0.7% −4.3% +3.5%
May 9, 2025 −8.5% +3.2% +0.1% −12.2%
March 12, 2025 +10.2% −0.8% +16.1% +17.3%
November 13, 2024 −5.0% −0.6% +3.1% +12.8%
August 7, 2024 −7.3% +1.6% −6.2% −12.9%
May 8, 2024 −6.1% +0.6% −12.9% −13.3%
March 13, 2024 −19.1% −0.4% −8.0% +41.4%
November 8, 2023 +0.8% −0.7% +0.4% −18.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Nextnav Inc.
$3M $4M $5M $6M $7M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.5M Revenue (TTM), FY23 Q4: $3.9M Revenue (TTM), FY24 Q1: $4.1M Revenue (TTM), FY24 Q2: $4.4M Revenue (TTM), FY24 Q3: $5M Revenue (TTM), FY24 Q4: $5.7M Revenue (TTM), FY25 Q1: $6.2M Revenue (TTM), FY25 Q2: $6.3M Revenue (TTM), FY25 Q3: $5.5M Revenue (TTM), FY25 Q4: $4.6M Revenue (TTM), FY26 Q1: $4M Revenue (TTM), FY26 Q2: $4M $4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.5M
FY23 Q4 $3.9M
FY24 Q1 $4.1M
FY24 Q2 $4.4M
FY24 Q3 $5M
FY24 Q4 $5.7M
FY25 Q1 $6.2M
FY25 Q2 $6.3M
FY25 Q3 $5.5M
FY25 Q4 $4.6M
FY26 Q1 $4M
FY26 Q2 $4M
Revenue growth, TTM YoY Nextnav Inc.
-50% 0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.1% Revenue growth, TTM YoY, FY23 Q4: -1.6% Revenue growth, TTM YoY, FY24 Q1: 14.6% Revenue growth, TTM YoY, FY24 Q2: 49.3% Revenue growth, TTM YoY, FY24 Q3: 43.4% Revenue growth, TTM YoY, FY24 Q4: 46.8% Revenue growth, TTM YoY, FY25 Q1: 51.1% Revenue growth, TTM YoY, FY25 Q2: 42.8% Revenue growth, TTM YoY, FY25 Q3: 11.6% Revenue growth, TTM YoY, FY25 Q4: -19.3% Revenue growth, TTM YoY, FY26 Q1: -34.6% Revenue growth, TTM YoY, FY26 Q2: -36.5% -36.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.1%
FY23 Q4 -1.6%
FY24 Q1 14.6%
FY24 Q2 49.3%
FY24 Q3 43.4%
FY24 Q4 46.8%
FY25 Q1 51.1%
FY25 Q2 42.8%
FY25 Q3 11.6%
FY25 Q4 -19.3%
FY26 Q1 -34.6%
FY26 Q2 -36.5%
Operating margin (TTM) Nextnav Inc.
-2000% -1500% -1000% -500% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -1680.2% Operating margin (TTM), FY23 Q4: -1645.0% Operating margin (TTM), FY24 Q1: -1611.8% Operating margin (TTM), FY24 Q2: -1506.5% Operating margin (TTM), FY24 Q3: -1315.0% Operating margin (TTM), FY24 Q4: -1060.1% Operating margin (TTM), FY25 Q1: -989.2% Operating margin (TTM), FY25 Q2: -1004.3% Operating margin (TTM), FY25 Q3: -1243.4% Operating margin (TTM), FY25 Q4: -1535.8% Operating margin (TTM), FY26 Q1: -1801.2% Operating margin (TTM), FY26 Q2: -1900.4% -1900.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -1680.2%
FY23 Q4 -1645.0%
FY24 Q1 -1611.8%
FY24 Q2 -1506.5%
FY24 Q3 -1315.0%
FY24 Q4 -1060.1%
FY25 Q1 -989.2%
FY25 Q2 -1004.3%
FY25 Q3 -1243.4%
FY25 Q4 -1535.8%
FY26 Q1 -1801.2%
FY26 Q2 -1900.4%
FCF margin (TTM) Nextnav Inc.
-1500% -1000% -500% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1164.8% FCF margin (TTM), FY23 Q4: -988.9% FCF margin (TTM), FY24 Q1: -905.5% FCF margin (TTM), FY24 Q2: -898.9% FCF margin (TTM), FY24 Q3: -751.3% FCF margin (TTM), FY24 Q4: -676.6% FCF margin (TTM), FY25 Q1: -706.8% FCF margin (TTM), FY25 Q2: -713.5% FCF margin (TTM), FY25 Q3: -845.8% FCF margin (TTM), FY25 Q4: -1110.8% FCF margin (TTM), FY26 Q1: -1207.2% FCF margin (TTM), FY26 Q2: -1334.4% -1334.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1164.8%
FY23 Q4 -988.9%
FY24 Q1 -905.5%
FY24 Q2 -898.9%
FY24 Q3 -751.3%
FY24 Q4 -676.6%
FY25 Q1 -706.8%
FY25 Q2 -713.5%
FY25 Q3 -845.8%
FY25 Q4 -1110.8%
FY26 Q1 -1207.2%
FY26 Q2 -1334.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1 1 4 4 6 5 4
Gross profit −0 1 2 2 5 — —
EBITDA −29 −41 −62 −59 −55 −62 −68
Operating income −29 −42 −66 −64 −60 −70 −76
Net income −137 −145 −40 −72 −102 −189 −112
Diluted EPS −$23.20 −$6.73 −$0.40 −$0.66 −$0.84 −$1.42 —
Growth (year on year)
Revenue — +34.1% +414.5% −1.6% +46.8% −19.3% −36.5%
Margins
Gross margin −56.9% 69.6% 39.1% 40.0% 87.1% — —
EBITDA margin <−999% <−999% <−999% <−999% −967.7% <−999% <−999%
Operating margin <−999% <−999% <−999% <−999% <−999% <−999% <−999%
Net margin <−999% <−999% <−999% <−999% <−999% <−999% <−999%
Free-cash-flow margin <−999% <−999% <−999% −988.9% −676.6% <−999% <−999%
Cash flow
Cash from operations −28 −48 −37 −35 −38 −51 −53
Capital spending 6 1 3 3 0 0 0
Free cash flow −35 −49 −40 −38 −38 −51 −53
Stock-based pay — — — — 14 17 20
Free cash flow after stock pay — — — — −52 −67 −73
Balance sheet
Cash 14 100 47 82 39 45 78
Total debt 59 1 2 48 55 274 —
Net debt (negative = net cash) 45 −99 −46 −33 15 229 −78
Diluted shares 7m — 101m 108m 122m 133m —
Returned to shareholders
Buybacks — — 0 — — — —
Total returned — — 0 — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $389m
Short-term assets $304mLonger-term assets $85m
What it owes, and who funded it · $389m
Short-term liabilities $12mLonger-term liabilities $43mShareholders' equity $335m
  • Short-term assets cover short-term liabilities $304m of assets due within a year against $12m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $304m short-term assets against $43m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Nextnav Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
540.5%
of revenue
Sales & admin spending
1058.9%
of revenue
Days sales outstanding
194 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated NN INTZ CIIT IOTR AMPG FKWL Median
Revenue, last 12 months $4m $6m $14m $15m $24m $37m $310m
Revenue growth, last 12 months −36.5% −16.4% 51.0% 40.4% 24.2% −20.8% 10.6%
Revenue growth, 3-year average 10.6% −3.8% 134.3% — 10.3% −7.4% 4.3%
Revenue growth, latest quarter −4.3% −22.4% 121.3% — −26.8% 21.2% 12.7%
Gross margin — 74.1% 8.8% 21.4% 36.7% 17.1% 43.7%
Operating margin <−999% −193.6% −14.6% −7.7% −34.7% −7.3% 2.1%
Operating margin, 3-year average <−999% −163.1% −8.4% — −39.7% −10.9% −2.3%
Net margin <−999% −194.0% −14.7% −7.9% −33.4% −13.0% −0.6%
Cash from operations / revenue <−999% −156.3% −20.4% −15.2% −54.6% −17.2% 9.9%
Free-cash-flow margin <−999% −158.1% −20.4% −19.1% −62.9% −17.3% 7.7%
Free-cash-flow margin, 3-year average −982.3% −139.0% −13.2% — −47.4% −5.4% 2.2%
Stock pay / revenue 493.8% 13.8% — — 7.8% 0.0% 4.2%
Change in share count — 10.5% −21.3% 10.1% 42.0% 0.0% 1.5%

Median of all 41 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Commercial Services $3.8M 82.2% ▼ 18.3%
Government Contract Services $814,000 17.8% ▼ 23.8%

From Nextnav Inc.'s 10-K filed March 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.8B
Institutions reporting
226
Shares held vs prior quarter
▲ 18.4%
Positions opened / closed
53 / 15

Top buyers and sellers, Q2 2026: 147 institutions bought and 63 sold ; the biggest buyer was Fortress Investment Group LLC (+4.0M shares) and the biggest seller Wolf Hill Capital Management, LP (−4.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Fortress Investment Group LLC $324M 18.2M 18.0% ▲ 28.1%
Clutterbuck Capital Management LLC $160M 9.0M 8.9% ▼ 3.6%
Blackrock, Inc. $149M 8.3M 8.3% ▲ 11.6%
Susquehanna Advisors Group, Inc. $99M 5.6M 5.5% 0.0%
Vanguard Capital Management LLC $70.2M 3.9M 3.9% ▲ 0.8%
Milfam LLC $58.3M 3.3M 3.2% ▲ 29.9%
Pointstate Capital LP $55.5M 3.1M 3.1% New
Wolf Hill Capital Management, LP $48.8M 2.7M 2.7% ▼ 61.1%
Van Eck Associates Corp $48.7M 2.7M 2.7% ▲ 41.8%
Vanguard Portfolio Management LLC $45.8M 2.6M 2.5% ▲ 9.3%
Geode Capital Management, LLC $45.6M 2.6M 2.5% ▲ 9.1%
State Street Corp $41.8M 2.3M 2.3% ▲ 4.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nextnav Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $693,300 1 trade by 1 insider, last 12 months Insider sales History → $13.5M 35 trades by 6 insiders · 43% under pre-set plans
Net ▼ $12.8M net selling
Insider Date Trade Shares Price Value
Insley Susan Brasse Chief Operating Officer September 24, 2026 Sell pre-set plan 2,370 $14.22 $33,701
Gray Timothy Chief Financial Officer September 23, 2026 Sell pre-set plan 11,099 $14.64 $162,489
Shams Sammaad Chief Accounting Officer September 17, 2026 Sell pre-set plan 1,576 $14.64 $23,073
Shams Sammaad Chief Accounting Officer September 16, 2026 Sell pre-set plan 430 $14.79 $6,360
Insley Susan Brasse Chief Operating Officer September 15, 2026 Sell pre-set plan 849 $15.29 $12,981
Black James S General Counsel September 14, 2026 Sell pre-set plan 1,878 $15.34 $28,809
Sorond Mariam CEO, President and Director September 3, 2026 Sell pre-set plan 69,853 $15.30 $1.1M
Sorond Mariam CEO, President and Director September 3, 2026 Sell pre-set plan 2,831 $14.72 $41,672
Shams Sammaad Chief Accounting Officer June 29, 2026 Sell pre-set plan 2,006 $17.84 $35,787
Insley Susan Brasse Chief Operating Officer June 24, 2026 Sell pre-set plan 2,370 $17.13 $40,598
Sorond Mariam CEO, President and Director June 16, 2026 Sell pre-set plan 2,830 $18.33 $51,874
Insley Susan Brasse Chief Operating Officer June 16, 2026 Sell pre-set plan 849 $19.36 $16,437

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 11, 2026
  • May 14, 2026
  • March 17, 2026
  • November 6, 2025
  • August 6, 2025
  • May 9, 2025

Recent SEC filings

Data status

When each part of this page on Nextnav Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nextnav Inc. in brief

What does Nextnav Inc. do?
Nextnav Inc. is a US-listed company in the communications equipment industry. Its financial year ends in December.
What is Nextnav Inc.'s stock ticker?
Nextnav Inc. trades under the ticker NN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nextnav Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nextnav Inc. reported revenue of $4M, 36.5% lower than a year earlier, according to its SEC filings.
What is Nextnav Inc.'s free cash flow?
Nextnav Inc.'s free-cash-flow margin is -1334.4% of revenue over the trailing twelve months.
Who are Nextnav Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Fortress Investment Group LLC, Clutterbuck Capital Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Nextnav Inc.'s market cap?
On December 31, 2025, Nextnav Inc.'s market capitalisation was about $2.2B and net debt of $229M. Market figures come from third-party market data and may be delayed.
Who are Nextnav Inc.'s competitors?
In our Communications Equipment peer group, the companies closest to Nextnav Inc. are Intrusion Inc, Tianci International, Inc., Iothree Ltd, Amplitech Group, Inc. and Franklin Wireless Corp. The side-by-side comparison below sets their revenue, margins and growth against Nextnav Inc.'s.
Are insiders buying or selling Nextnav Inc. stock?
Over the last 12 months, Nextnav Inc.'s directors and officers reported 1 open-market purchases and 35 sales on Form 4. The insider trading page charts every trade.
When is Nextnav Inc.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nextnav Inc. announces its own schedule.