NEXTNAV INC.
NNNasdaqIndustrials · Search, Detection, Navigation, Guidance, Aeronautical Sys · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $4.6M | $5.7M | $3.9M | $3.9M | $763,000 | $569,000 |
| Operating income | −$70.2M | −$60.1M | −$63.5M | −$65.5M | −$42.4M | −$29.5M |
| Net income | −$189.3M | −$101.9M | −$71.7M | −$40.1M | −$144.7M | −$137.3M |
| Total assets | $247.0M | $161.7M | $162.2M | $123.8M | $136.8M | $44.9M |
| Total liabilities | $333.3M | $111.6M | $82.1M | $19.9M | $36.9M | $165.7M |
| Equity | −$86.2M | $50.1M | $78.7M | $100.0M | $100.0M | −$490.4M |
| EPS (diluted) | $-1.42 | $-0.84 | $-0.66 | $-0.40 | $-6.73 | — |
| Shares out. | 131.5M | 111.2M | 107.1M | 95.6M | 96.5M | 7.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −1535.8%
- Net margin
- −4138.5%
- Return on equity
- 219.5%
- Return on assets
- −76.6%
- Return on capital (ROCE)
- −29.9%
- Liabilities / assets
- 134.9%
- Debt / equity
- —
- Book value / share
- $-0.66
- Revenue growth (YoY)
- −19.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -12.21distress
- Accruals / assets
- −56.1%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Subin Neil SActivist (13D)May 22, 2026
- Pointstate Capital LpPassive (13G)May 21, 2026
- Fig Buyer Gp, LlcPassive (13G)May 15, 2026
- Wolf Hill Capital Management, LpPassive (13G)May 14, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Osi Capital Management LlcPassive (13G)Feb 17, 2026
- Samberg Joseph DPassive (13G)Nov 24, 2025
- Capital Ventures InternationalPassive (13G)Nov 13, 2025
- Blackrock, Inc.Passive (13G)Oct 17, 2025
- New Enterprise Associates 14, L.P.Activist (13D)Jan 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Carano Bandel LDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Marcus Jonathan AnthonyDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Hook LisaDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Howe Alan BDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Howard Hugh Wyman IiiDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Palmer NicolaDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Muleta John BDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Selby LorinDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Subin Neil SDirector | May 21, 2026 | Grant | 7,550 | $0.00 |
| Shams SammaadOfficer — Chief Accounting Officer | Mar 26, 2026 | Sell | 3,945 | $19.54 |
| Insley Susan BrasseOfficer — Chief Operating Officer | Mar 24, 2026 | Sell | 2,370 | $18.57 |
| Sorond MariamOfficer — CEO, President and Director | Mar 19, 2026 | Grant | 54,704 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 18.8M | 8.9 | +1.4% |
| Apr 30, 2026 | 18.6M | 3.9 | -2.8% |
| Apr 15, 2026 | 19.1M | 13.3 | +3.6% |
| Mar 31, 2026 | 18.4M | 9.2 | +1.9% |
| Mar 13, 2026 | 18.1M | 15.3 | -0.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 27, 2026
- Regulation FD disclosure · Other material eventMay 27, 2026
- Results of operationsMay 14, 2026
- Results of operationsMar 17, 2026
- Director / officer changeFeb 27, 2026
- Results of operationsNov 6, 2025
- Entered a material agreementOct 15, 2025
- Completed an acquisition or dispositionSep 25, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 144Jun 1, 2026
- 8-KMay 27, 2026
- 8-KMay 27, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- S-3ASRMay 26, 2026
- SCHEDULE 13D/AMay 22, 2026
- SCHEDULE 13GMay 21, 2026