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NextNav First Quarter 2025 Earnings: Misses Expectations
Sat 10 May 25, 12:04 PMNextNav Inc (NN) Q1 2025 Earnings Call Highlights: Strategic Advances Amid Financial Challenges
Sat 10 May 25, 07:06 AMNextNav Inc. Reports First Quarter 2025 Results and Operational Highlights
Fri 09 May 25, 12:00 PMNextNav Announces Appointment of H. Wyman Howard and Lorin Selby to its Board of Directors
Wed 16 Apr 25, 03:30 PMNextNav Announces $190 Million of 5% Redeemable Senior Secured, Convertible Transaction
Wed 12 Mar 25, 08:25 PMNextNav Inc. Reports Fourth Quarter and Full Year 2024 Results
Wed 12 Mar 25, 08:05 PMNextNav Names Renee Gregory as Vice President of Regulatory Affairs
Wed 12 Feb 25, 02:15 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -40.14400M | -144.61400M | -137.29800M | - |
| Minority interest | - | - | - | - |
| Net income | -40.11600M | -144.66600M | -137.33600M | - |
| Selling general administrative | 36.93M | 13.55M | 13.26M | - |
| Selling and marketing expenses | - | - | - | - |
| Gross profit | -7.88000M | -17.62700M | -7.20100M | - |
| Reconciled depreciation | 3.67M | 1.78M | 0.23M | - |
| Ebit | -65.53600M | -42.42900M | -29.46900M | -17.28100M |
| Ebitda | -86.54000M | -40.67300M | -29.42200M | - |
| Depreciation and amortization | -21.00400M | 1.76M | 0.05M | - |
| Non operating income net other | - | -0.02600M | - | - |
| Operating income | -65.53600M | -42.42900M | -29.46900M | - |
| Other operating expenses | 69.46M | 43.19M | 30.04M | - |
| Interest expense | 0.90M | 17.84M | 10.04M | 0.00000M |
| Tax provision | -0.02800M | 0.05M | 0.04M | - |
| Interest income | 0.90M | - | - | - |
| Net interest income | 0.90M | -17.84200M | -10.03700M | - |
| Extraordinary items | - | - | - | - |
| Non recurring | - | - | - | - |
| Other items | - | - | - | - |
| Income tax expense | -0.02800M | 0.05M | 0.04M | 0.02M |
| Total revenue | 3.93M | 0.76M | 0.57M | - |
| Total operating expenses | 57.66M | 24.80M | 22.27M | - |
| Cost of revenue | 11.81M | 18.39M | 7.77M | - |
| Total other income expense net | 25.39M | -102.18500M | -107.82900M | - |
| Discontinued operations | - | - | - | - |
| Net income from continuing ops | -40.11600M | -144.66600M | -137.33600M | - |
| Net income applicable to common shares | -40.11600M | -158.49700M | -170.40800M | -98.77000M |
| Preferred stock and other adjustments | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 162.16M | 123.79M | 136.82M | 44.90M | - |
| Intangible assets | 10.62M | 10.40M | 4.09M | 4.14M | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 3.06M | 3.58M | 4.52M | 4.32M | 4.71M |
| Total liab | 82.06M | 19.92M | 36.87M | 535.28M | - |
| Total stockholder equity | 78.73M | 100.02M | 99.96M | -490.37800M | - |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 6.59M | 5.24M | 4.60M | 3.56M | 0.01M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.00200M | 0.00100M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.00200M | - |
| Retained earnings | -760.22700M | -688.49200M | -647.86100M | -490.28400M | -327.27200M |
| Other liab | - | 5.75M | 30.19M | 102.56M | 4.71M |
| Good will | 17.98M | 17.49M | - | - | - |
| Other assets | 0.00000M | - | 4.64M | 16.98M | 16.59M |
| Cash | 81.88M | 47.23M | 100.08M | 8.67M | - |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 9.80M | 8.89M | 6.68M | 4.24M | 9.58M |
| Current deferred revenue | 0.30M | 0.10M | 1.63M | - | - |
| Net debt | -15.76300M | -39.40800M | -100.07600M | 50.20M | - |
| Short term debt | 2.52M | 2.53M | - | - | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 66.11M | 7.82M | - | 58.87M | - |
| Other stockholder equity | 674.59M | 663.34M | 611.11M | -0.09600M | -0.08400M |
| Property plant equipment | - | 29.32M | 21.76M | 5.71M | 0.04M |
| Total current assets | 91.22M | 61.19M | 106.33M | 18.07M | 19.19M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | 72.13M | 95.86M | -494.52200M | -330.82200M |
| Short term investments | 3.95M | 8.22M | - | - | - |
| Net receivables | 2.33M | 2.17M | 1.74M | 0.08M | - |
| Long term debt | 48.45M | - | 28.88M | 58.87M | - |
| Inventory | 0.00000M | - | - | 5.00M | - |
| Accounts payable | 0.39M | 1.02M | 0.45M | 0.68M | 0.84M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 2.20M | 1.37M | -0.12100M | -0.09600M | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | 0.01M | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | -647.86100M | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 1.51M | 1.81M | 4.64M | 16.98M | - |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 70.94M | 62.60M | 30.49M | 26.83M | - |
| Capital lease obligations | 17.67M | 7.82M | - | - | - |
| Long term debt total | - | - | 28.88M | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -15.73600M | -1.28200M | -7.17800M | -9.26900M |
| Change to liabilities | -1.05100M | -8.20000M | -0.15700M | 0.53M |
| Total cashflows from investing activities | -15.73600M | -1.28200M | -7.17800M | -0.05900M |
| Net borrowings | -0.01700M | 111.00M | 40.31M | 26.86M |
| Total cash from financing activities | 0.04M | 135.64M | 34.77M | 24.00M |
| Change to operating activities | -1.21100M | -7.35600M | 0.11M | 1.20M |
| Net income | -40.11600M | -144.66600M | -137.33600M | -98.77000M |
| Change in cash | -52.84600M | 86.41M | -0.81200M | 8.43M |
| Begin period cash flow | 100.08M | 13.67M | 14.48M | - |
| End period cash flow | 47.23M | 100.08M | 13.67M | 14.48M |
| Total cash from operating activities | -37.09500M | -47.93200M | -28.40500M | -15.51500M |
| Issuance of capital stock | 0.00700M | 0.00200M | 0.00300M | - |
| Depreciation | 3.67M | 1.78M | 0.23M | 0.12M |
| Other cashflows from investing activities | - | -0.26000M | - | - |
| Dividends paid | - | - | - | - |
| Change to inventory | - | - | - | - |
| Change to account receivables | -0.42800M | -5.29700M | -0.86000M | -0.86000M |
| Sale purchase of stock | -0.00400M | - | - | - |
| Other cashflows from financing activities | 0.06M | 232.51M | 34.77M | -2.85700M |
| Change to netincome | 1.98M | 90.71M | 141.85M | 79.93M |
| Capital expenditures | 3.58M | 1.28M | 7.18M | 0.06M |
| Change receivables | - | - | - | - |
| Cash flows other operating | - | 12.21M | - | - |
| Exchange rate changes | - | - | - | - |
| Cash and cash equivalents changes | - | 86.41M | - | - |
| Change in working capital | -2.69000M | -14.37600M | -0.90300M | - |
| Stock based compensation | 26.50M | 1.68M | 7.36M | - |
| Other non cash items | -24.46100M | 14.21M | 4.37M | - |
| Free cash flow | -40.67200M | -49.21400M | -35.58300M | - |
Sector: Technology Industry: Software - Infrastructure
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NN Nextnav Acquisition Corp |
2.02 9.36% | 23.59 | - | - | 265.50 | 13.02 | 260.39 | -17.1295 |
| MSFT Microsoft Corporation |
0.71 0.17% | 428.05 | 37.32 | 29.94 | 13.03 | 12.45 | 13.06 | 24.59 |
| ORCL Oracle Corporation |
6.01 2.61% | 236.34 | 29.34 | 18.66 | 5.55 | 74.06 | 7.10 | 18.13 |
| CRWD Crowdstrike Holdings Inc |
-28.52 3.81% | 719.09 | - | 89.29 | 23.70 | 24.81 | 21.91 | 577.82 |
| PANW Palo Alto Networks Inc |
-1.18 0.42% | 279.25 | 44.57 | 45.05 | 11.98 | 20.70 | 11.82 | 77.11 |
NextNav Inc. provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service. The company also provides TerraPoiNT, an 3D PNT system, provides positioning, navigation and timing services provided by GPS through a land-based GPS satellite constellation. It serves Wi-Fi, telecom, public safety, gaming and location apps, and critical infrastructure applications. NextNav Inc. was founded in 2007 and is headquartered in McLean, Virginia.
1775 Tysons Boulevard, McLean, VA, United States, 22102
| Name | Title | Year Born |
|---|---|---|
| Mr. Gary M. Parsons | Exec. Chairman | 1951 |
| Mr. Ganesh Pattabiraman | Co-Founder, CEO, Pres & Director | 1974 |
| Dr. Arun Raghupathy | Co-Founder & Sr. VP of Engineering | 1973 |
| Mr. Christian D. Gates | Chief Financial Officer | 1973 |
| Mr. David L. Knutson | Sr. VP of Operations & Deployment | 1970 |
| Sammaad R. Shams | Corp. Accounting Officer | NA |
| Mr. Robert H. Lantz | VP, Gen. Counsel & Sec. | 1963 |
| Ms. Gillian Smith | VP of Marketing | NA |
| Mr. Gary M. Parsons | Executive Chairman | 1951 |
| Ms. Mariam Sorond | CEO, President & Director | 1973 |
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