Nextnav Inc. balance sheet

At the end of fiscal 2025, Nextnav Inc. had total assets of $247m, total liabilities of $333m and shareholders' equity of −$86.2m. It held $44.8m in cash against $274m of debt.

Balance sheet

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

Nextnav Inc.: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	14	100	47	82	39	45	78
Receivables	0	2	2	2	3	2	2
Inventory	—	5	—	—	—	—	—
Total current assets	18	106	61	91	86	157	304
Goodwill	—	—	17	18	17	19	19
Total assets	45	137	124	162	162	247	389
Accounts payable	1	0	1	0	1	1	1
Deferred revenue (current)	—	2	0	0	0	0	1
Total current liabilities	4	7	9	10	12	12	12
Long-term debt	—	—	—	48	55	274	—
Total debt	59	1	2	48	55	274	—
Total liabilities	166	37	20	82	112	333	55
Shareholders' equity	−490	100	100	79	50	−86	335
Non-controlling interests and other (assets − liabilities − equity)	370	—	4	—	—	—	—
Shares outstanding	7m	—	106m	111m	131m	135m	167m

US$ millions unless shown otherwise. Fiscal quarters.

Nextnav Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	2	3	2	2	1	2	1	2
Total current assets	104	86	193	182	172	157	148	304
Goodwill	18	17	18	19	19	19	19	19
Total assets	172	162	269	257	263	247	236	389
Accounts payable	1	1	1	2	1	1	2	1
Deferred revenue (current)	0	0	0	0	0	0	1	1
Total current liabilities	21	12	12	12	15	12	14	12
Long-term debt	53	55	213	246	230	274	267	—
Total debt	53	55	213	246	230	274	267	—
Total liabilities	106	112	262	304	285	333	326	55
Shareholders' equity	66	50	7	−47	−22	−86	−90	335
Shares outstanding	128m	131m	132m	133m	135m	135m	136m	167m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Nextnav Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nextnav Inc.