Nextnav Acquisition (NN) financial statements
Nextnav Acquisition reported revenue of $5M in fiscal 2025, up 51.7% a year over 5 years.
Net income was -$189M and the operating margin -1535.8%, against -5179.1% in 2020.
Free cash flow was -$51M.
The diluted share count rose 1709% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nextnav Acquisition's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $569,000 | $763,000 | $4M | $4M | $6M | $5M |
| Cost of revenue | $893,000 | $232,000 | $2M | $2M | $11M | $9M |
| Gross profit | — | — | — | — | -$5M | -$4M |
| Research and development | $9M | $9M | $17M | $20M | $16M | $19M |
| Selling, general and admin | $13M | $14M | $37M | $30M | $34M | $40M |
| Operating income | -$29M | -$42M | -$66M | -$64M | -$60M | -$70M |
| Interest expense | $10M | $18M | — | — | — | — |
| Pre-tax income | -$137M | -$145M | -$40M | -$72M | -$102M | -$189M |
| Income tax | $38,000 | $52,000 | -$28,000 | $221,000 | $173,000 | $198,000 |
| Net income | -$137M | -$145M | -$40M | -$72M | -$102M | -$189M |
| EPS (diluted) | -$23.20 | -$6.73 | -$0.40 | -$0.66 | -$0.84 | -$1.42 |
| Diluted shares | 7M | 24M | 101M | 108M | 122M | 133M |
| Gross margin | — | — | — | — | -90.1% | -86.7% |
| Operating margin | -5179.1% | -5560.8% | -1669.3% | -1645.0% | -1060.1% | -1535.8% |
| Net margin | -24136.4% | -18960.2% | -1021.8% | -1857.5% | -1797.1% | -4138.5% |
Balance sheet
Fiscal years, from Nextnav Acquisition's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $9M | $100M | $55M | $86M | $80M | $152M |
| Receivables | $77,000 | $2M | $2M | $2M | $3M | $2M |
| Inventory | — | $5M | — | — | — | — |
| Total current assets | $18M | $106M | $61M | $91M | $86M | $157M |
| Property, plant and equipment | $1M | $22M | $19M | — | — | — |
| Goodwill | — | — | $17M | $18M | $17M | $19M |
| Total assets | $45M | $137M | $124M | $162M | $162M | $247M |
| Total current liabilities | $4M | $7M | $9M | $10M | $12M | $12M |
| Long-term debt | — | — | — | $48M | $55M | $274M |
| Total liabilities | $166M | $37M | $20M | $82M | $112M | $333M |
| Shareholders' equity | -$490M | $100M | $100M | $79M | $50M | -$86M |
| Net debt | -$9M | -$100M | -$47M | -$33M | $15M | $229M |
Cash flow
Fiscal years, from Nextnav Acquisition's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$28M | -$48M | -$37M | -$35M | -$38M | -$51M |
| Capital spending | $6M | $1M | $8M | $3M | $350,000 | $50,000 |
| Free cash flow | -$35M | -$49M | -$45M | -$38M | -$38M | -$51M |
| Stock-based compensation | — | — | — | — | $14M | $17M |
| Share buybacks (net) | — | — | -$4,000 | — | — | — |
| Net borrowing | — | $25M | — | $70M | — | — |
| Free cash flow margin | -6120.2% | -6416.0% | -1151.0% | -988.9% | -676.6% | -1110.8% |
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Open NN in InvestinglyQuestions
What was Nextnav Acquisition's revenue in 2025?
$5M in fiscal 2025, from its 10-K filing.
How much free cash flow does Nextnav Acquisition generate?
-$51M in fiscal 2025 (operating cash flow minus capital spending).
From Nextnav Acquisition's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.