NextNav Inc (NN) AI Stock Analysis

NextNav Inc. specializes in advanced global positioning system (GPS) and 3D geolocation services, providing solutions for positioning, navigation, and timing. Its flagship Pinnacle 3D geolocation service is operational across approximately 4,400 cities and towns in the United States. Its TerraPoiNT solution utilizes an encrypted terrestrial-based network deployed across 51 markets nationwide to support secure geolocation data transmission. Established in 2007 and headquartered in McLean, Virginia, NextNav serves telecommunications, emergency services, transportation, and augmented reality applications through direct sales and strategic partnerships.

NextNav generated revenue of $763,000 in FY2021, which grew 414.5% to $3.9M in FY2022 before slipping 1.6% to $3.9M in FY2023. Revenue expanded 46.8% to $5.7M in FY2024, but declined 19.3% to $4.6M in FY2025. Between FY2020 and FY2025, revenue achieved a 5-year CAGR of 51.7%. Operating margins remained deeply negative across this period, recording -1535.8% in FY2025 as net income dropped to -$189.3M, or -$1.55 per share. For the trailing twelve months ending June 30, 2026, revenue was $4.0M with quarterly revenue growth falling 4.3% year-over-year.

As of June 30, 2026, NextNav held $228.8M in cash and short-term investments and $13.2M in total debt, yielding net cash of $215.7M. Total assets stood at $389.1M against shareholders' equity of $334.5M. The company maintains a current ratio of 25.63 and a debt-to-equity ratio of 0.04. In FY2025, operating cash flow was -$50.7M and free cash flow was -$50.8M, with capital expenditures of $50,000. Over five years, the company's share count increased 48.3%.

NextNav trades at a price-to-sales multiple of 407.1x, substantially above the 2.8x median of its US-listed Technology peers. Its enterprise value of $2.21B reflects an EV-to-revenue multiple of 556.6x and an EV-to-EBITDA multiple of 136.5x, compared to the peer median EV-to-EBITDA of 16.6x. The stock trades at a price-to-book ratio of 7.3x. Over the past year, shares of NN declined 26.6% and are down 42.4% year-to-date, lagging the S&P 500 (SPY), which gained 16.8% over the trailing 12 months.

Wall Street coverage consists of 3 Strong Buy ratings, with zero Buy, Hold, Sell, or Strong Sell recommendations. The mean price target is $33.67, representing a 251.1% premium to the last closing price of $9.59 on October 16, 2026. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $4.1M and an EPS of -$0.46. Over the last four quarters, NextNav beat EPS estimates twice. The company's next earnings date is scheduled for November 5, 2026.

This page is an AI-written research summary of NextNav Inc (NN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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