Nextnav Inc. income statement
In fiscal 2025, Nextnav Inc. reported revenue of $4.6m, down 19.3% on the year before, operating income of −$70.2m (a -1535.8% margin) and net income of −$189m, or −$1.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 4 | 4 | 6 | 5 | 4 |
| Cost of revenue | 1 | 0 | 2 | 2 | 1 | — | — |
| Gross profit | −0 | 1 | 2 | 2 | 5 | — | — |
| Research and development | 9 | 9 | 17 | 20 | 16 | 19 | 21 |
| Selling, general and administrative | 13 | 14 | 37 | 30 | 34 | 40 | 42 |
| Operating income | −29 | −42 | −66 | −64 | −60 | −70 | −76 |
| Interest expense | 10 | 18 | — | — | — | — | — |
| Net interest income | — | −18 | 1 | −4 | −9 | −12 | −14 |
| Income before tax | −137 | −145 | −40 | −72 | −102 | −189 | −112 |
| Income tax | 0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −137 | −145 | −40 | −72 | −102 | −189 | −112 |
| Diluted EPS | −$23.20 | −$6.73 | −$0.40 | −$0.66 | −$0.84 | −$1.42 | — |
| Diluted shares (average) | 7m | — | 101m | 108m | 122m | 133m | — |
| EBITDA | −29 | −41 | −62 | −59 | −55 | −62 | −68 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Research and development | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 5 |
| Selling, general and administrative | 8 | 9 | 11 | 10 | 10 | 9 | 11 | 13 |
| Operating income | −14 | −15 | −17 | −17 | −20 | −16 | −19 | −20 |
| Interest expense | — | — | 0 | 5 | 5 | — | 5 | 4 |
| Net interest income | −2 | −3 | −3 | −3 | −3 | −4 | −4 | −3 |
| Income before tax | −14 | −32 | −59 | −63 | 1 | −68 | −11 | −34 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −14 | −32 | −59 | −63 | 0 | −68 | −11 | −34 |
| Diluted EPS | −$0.11 | −$0.25 | −$0.45 | −$0.48 | −$0.12 | −$0.49 | −$0.12 | −$0.24 |
| EBITDA | −13 | −13 | −16 | −16 | −16 | −15 | −18 | −19 |
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