NextNav Inc
NextNav Inc is a technology company specializing in location-based services and positioning technologies, primarily serving the Phones & Handheld Devices industry.
Business. NextNav Inc (NN.O) is a technology equipment company operating in the phones and handheld devices industry, with a specific focus on tablets and e-readers. The firm generates revenue through a product-sale model. The provided data does not specify the company's headquarters location, operating segments, or geographic breakdown. NextNav is listed under the ticker NN.O.
Analyst recommendations
2 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
NextNav Inc (NN.O) is a technology equipment company operating in the phones and handheld devices industry, with a specific focus on tablets and e-readers. The firm generates revenue through a product-sale model. The provided data does not specify the company's headquarters location, operating segments, or geographic breakdown. NextNav is listed under the ticker NN.O.
NextNav operates with a highly leveraged capital structure, as evidenced by a debt-to-equity ratio of -3.17. The company's liquidity position is characterized by a current ratio of 12.71, indicating a strong short-term liquidity buffer despite negative net cash after subtracting total debt. However, the company's free cash flow of -$181.93 million and operating cash flow of -$50.75 million suggest significant cash outflows, which could strain liquidity in the medium term.
Profitability metrics reveal a challenging operating environment for NextNav. The company reported a net loss of $189.25 million and an operating loss of $844.44 million in the latest period. Return on equity (ROE) of 2.19% is modest, while return on assets (ROA) is negative at -0.77%, indicating poor asset utilization and profitability relative to industry norms. Gross profit of -$39.67 million further underscores the company's struggle to generate margins.
Geographic and segment exposure data is not available in the provided input, but the company's focus on location-based services suggests a global customer base. Revenue concentration in a single product or market could pose a risk, though this is not quantified in the available data.
Growth trajectory appears constrained, with no specific revenue growth rates provided. The company's market cap of $2.95 billion and an enterprise value to revenue ratio of 694.78 suggest a speculative valuation relative to revenue. Analysts have assigned a mean price target of $27.00, implying a potential upside of 24.5% from the current market price of $21.68.
Risk factors include liquidity concerns due to negative net cash and a high debt load. The risk assessment indicates a medium liquidity risk and low dilution risk, though the company's negative equity position and operating losses could necessitate future capital raises. No recent events or filings are detailed in the input data, so the narrative cannot incorporate specific developments.
- NextNav is operating at a significant net loss with negative free cash flow, indicating financial distress.
- The company's debt-to-equity ratio is highly negative, suggesting a reliance on debt financing and potential solvency risks.
- Analysts have a cautiously optimistic outlook, with a mean price target of $27.00, but the company's financials do not currently support this valuation.
- The company's ROE is modest, and ROA is negative, indicating poor asset utilization and profitability.
- Liquidity is strong in the short term, but the negative net cash position and high debt load could pose medium-term risks.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,59 |
| Revenue | —no estimate | —no estimate | 3,9M USD |
| Operating income | —no estimate | —no estimate | -70,9M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Warrants → Common StockDisposed 250 000 @ $11,50exercise · 2026-06-23
- Director · 5.00% Senior Secured Convertible Notes due 2028 → Common StockDisposed 502 707 @ $12,56conversion · 2026-06-22
- 10% owner · 5.00% Senior Secured Convertible Notes due 2028 → Common StockDisposed 3 989 738 @ $12,56conversion · 2026-06-17
- 10% owner · 5.00% Senior Secured Convertible Notes due 2028 → Common StockDisposed 3 989 738 @ $12,56conversion · 2026-06-17
- Director, CEO, President and Director · Stock Option (Right to Buy) → Common StockAcquired 724 112 @ $20,39grant · 2026-03-19
- Chief Financial Officer · Stock Option (Right to Buy) → Common StockAcquired 60 342 @ $20,39grant · 2026-03-19
- Chief Accounting Officer · Stock Option (Right to Buy) → Common StockAcquired 15 416 @ $20,39grant · 2026-03-19
- General Counsel · Stock Option (Right to Buy) → Common StockAcquired 40 231 @ $20,39grant · 2026-03-19
- Chief Operating Officer · Stock Option (Right to Buy) → Common StockAcquired 60 347 @ $20,39grant · 2026-03-19
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- NextNav Inc Market data — financials · 2026-05-28
- NextNav Inc Market data — analyst estimates · 2026-05-28
- NextNav Inc Market data — ESG · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,01 %$42M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$38M
- Investment Managers · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$13M
- Investment Managers · as of 2025-12-310,00 %$115M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$36M
- Investment Managers · as of 2024-12-310,00 %$3M
- Investment Managers · as of 2024-06-300,00 %$38M
- Institutional Investor · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$2M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Mariam SorondPresident, Chief Executive Officer, Director
Insider activity
- Director · Common StockOther 250 000 @ $11,50$2,9M · 2026-06-23
- Director · Common StockOther 502 707 · 2026-06-22
- 10% owner · Common stock, par value $0.0001 per shareOther 3 989 738 @ $12,56$50,1M · 2026-06-17
- 10% owner · Common stock, par value $0.0001 per shareOther 3 989 738 @ $12,56$50,1M · 2026-06-17
- Chief Operating Officer · Common StockSold 849 @ $19,36$16K · 2026-06-16
- Director, CEO, President and Director · Common StockSold 2 830 @ $18,33$52K · 2026-06-16
- General Counsel · Common StockSold 1 878 @ $22,96$43K · 2026-06-12
- Director, CEO, President and Director · Common StockSold 2 300 @ $20,89$48K · 2026-06-01
- Director, CEO, President and Director · Common StockSold 67 553 @ $19,89$1,3M · 2026-06-01
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Director · Common StockOther 7 550 · 2026-05-21
- Chief Accounting Officer · Common StockSold 3 945 @ $19,54$77K · 2026-03-26
- Chief Operating Officer · Common StockSold 2 370 @ $18,57$44K · 2026-03-24
- General Counsel · Common StockSold 6 678 @ $17,91$120K · 2026-03-20
- General Counsel · Common StockSold 2 751 @ $18,11$50K · 2026-03-20
- Chief Accounting Officer · Common StockSold 1 767 @ $18,11$32K · 2026-03-20
- Chief Financial Officer · Common StockSold 1 405 @ $18,11$25K · 2026-03-20
- Chief Operating Officer · Common StockSold 3 599 @ $18,11$65K · 2026-03-20
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 16.7%Derived (calculated)
- Net margin (FY 2025-12-31): -4,138.5%Derived (calculated)
- Return on equity (FY 2025-12-31): 219.5%Derived (calculated)
- Return on assets (FY 2025-12-31): -76.6%Derived (calculated)
- Current ratio (FY 2025-12-31): 12.71xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): -3.86xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -85.7%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 13.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -69.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -69.0%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 400.9%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -85.8%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -33.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -16.9%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -19.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -272.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 52.7%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 198.6%Derived (calculated)
- Revenue (annual): USD 4.57MSEC XBRL filing
- Shareholders' equity (annual): USD -86.23MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -1SEC XBRL filing
- Pre-tax income (annual): USD -189.06MSEC XBRL filing
- Long-term debt (annual): USD 273.59MSEC XBRL filing
- R&D expense (annual): USD 18.95MSEC XBRL filing