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Companies / Healthcare / NEXTNAV INC.
NN

NEXTNAV INC.

HealthcareMedical Instruments
Ticker NNRESTON, VAFiscal year ends DecemberBook value per share $2.39Diluted shares 139.8M

NextNav Inc. (Nasdaq: NN) is a market leader in delivering resilient, next-generation positioning, navigation, and timing (PNT) solutions designed to complement and backup Global Positioning System (GPS) and other satellite-based navigation services. The company operates through its website at www.nextnav.com and… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.57M
−19.3% year over year
Last 12 mo $3.98M
-1535.80%
−475.7 percentage points
Last 12 mo -1900.43%
$-189.25M
−85.8% year over year
Last 12 mo $-111.85M
219.46%
+422.7 percentage points
Last 12 mo -33.44%
Cash & financing
$-50.74M
−33.5% year over year
Last 12 mo $-53.06M
$-51.22M
−23.3% year over year
Last 12 mo $-53.61M
-3.17
Was 1.09× a year earlier
Last 12 mo 0.00
132.9M
+9.4% year over year
Last 12 mo 139.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What NEXTNAV INC. does

In the company’s own words

NextNav Inc. (Nasdaq: NN) is a market leader in delivering resilient, next-generation positioning, navigation, and timing (PNT) solutions designed to complement and backup Global Positioning System (GPS) and other satellite-based navigation services. The company operates through its website at www.nextnav.com and maintains its principal executive office in Reston, Virginia, with additional facilities in Santa Clara, California, and international locations in France and India.

The company's core business centers on developing terrestrial-based PNT technologies that overcome inherent limitations of GPS, including poor indoor penetration, vulnerability to jamming, and single-point-of-failure risks. NextNav's technology platform consists of three primary solutions. Pinnacle is an altitude (z-axis) service that leverages barometric pressure sensors in smartphones and other devices to provide accurate vertical location data, currently available in the top 105 major U.S. markets covering more than 90 percent of commercial buildings exceeding three stories. TerraPoiNT operates as a land-based GPS satellite constellation alternative, designed to provide three-dimensional PNT capabilities with natural resilience to service disruption. NextGen represents the company's evolution toward 5G New Radio (5G NR) positioning reference signals, intended to deliver complementary PNT services integrated with 5G broadband capabilities.

NextNav holds FCC licenses covering 12 megahertz of low-band spectrum in the 900 MHz band, including a contiguous 8 MHz block covering over 90 percent of the U.S. population and an additional 4 MHz of complementary spectrum. The company has filed a Petition for Rulemaking with the FCC seeking to optimize the Lower 900 MHz band to enable 5G NR operations alongside PNT delivery.

As of December 31, 2025, NextNav employed 103 full-time employees, with more than 65 engaged in research and development functions. The company maintains strategic partnerships with AT&T for Pinnacle network operations and distribution through FirstNet, and with Verizon for E911 services. NextNav's business model emphasizes licensing its technologies and data access to wireless carriers, application developers, and government entities rather than direct infrastructure deployment, particularly as it pursues partnerships for NextGen deployment.

Company details
Sector
Healthcare
Industry
Medical Instruments
Headquarters
RESTON, VA
Fiscal year end
December
CIK
1865631
SIC
3812

Financial performance, year by year

Fiscal 2021–2025 · USD
$-208.75M$-150.27M$-91.79M$-33.32M$25.16M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns NEXTNAV INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

136
funds hold it
0 of 35
superinvestors hold it
$344.93M
held by funds, at market
11.0%
of shares held by funds

Largest fund holders · NEXTNAV INC.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets
Tema Space Innovators ETF
NASA · Tema ETF Trust
0.70%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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