6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 51.7% per year over the past 5 years.
Operating margin has expanded, at -1535.8% in the latest year.
Financial health
Total debt ($274M) exceeds cash ($45M); net debt is $229M.
Total debt has grown faster than revenue (137.6% vs 51.7% per year).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$5M
-$189M
0.0%
-1535.8%
-$51M
$274M
$45M
2024
$6M
-$102M
87.1%
-1060.1%
-$38M
$55M
$39M
2023
$4M
-$72M
40.0%
-1645.0%
-$38M
$48M
$82M
2022
$4M
-$40M
39.1%
-1669.3%
-$40M
—
$47M
2021
$763000
-$145M
69.6%
-5560.8%
-$49M
—
$100M
2020
$569000
-$137M
-56.9%
-5179.1%
-$35M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$995000
-$11M
0.0%
-1944.0%
-$10M
$267M
$31M
Dec '25
$945000
-$68M
0.0%
-1706.1%
-$16M
$274M
$45M
Sep '25
$887000
$483000
0.0%
-2239.6%
-$9M
$230M
$90M
Jun '25
$1M
-$63M
0.0%
-1434.3%
-$14M
$246M
$59M
Mar '25
$2M
-$59M
0.0%
-1104.9%
-$12M
$213M
$150M
Dec '24
$2M
-$32M
0.0%
-772.6%
-$12M
$55M
$39M
Sep '24
$2M
-$14M
0.0%
-862.0%
-$7M
$53M
$68M
Jun '24
$1M
-$24M
0.0%
-1387.5%
-$12M
$51M
$63M
Mar '24
$1M
-$32M
0.0%
-1544.0%
-$7M
$50M
$73M
Dec '23
$1M
-$16M
0.0%
-1653.9%
-$11M
$48M
$82M
Sep '23
$1M
-$23M
0.0%
-1423.6%
-$9M
$47M
$90M
Jun '23
$800000
-$16M
0.0%
-1878.8%
-$10M
$34M
$53M
Mar '23
$830000
-$16M
0.0%
-1680.7%
-$8M
—
$44M
Dec '22
$803000
-$13M
0.0%
-1810.1%
-$13M
—
$47M
Sep '22
$503000
-$19M
0.0%
-3566.0%
-$9M
—
$64M
Jun '22
$1M
$827000
0.0%
-1197.5%
-$11M
—
$83M
Mar '22
$1M
-$10M
46.3%
-1338.4%
-$6M
—
—
Dec '21
$20000
-$46M
0.0%
-70780.0%
-$19M
—
$100M
Sep '21
$276000
-$32M
0.0%
-2545.7%
-$8M
—
—
Jun '21
$216000
-$39M
0.0%
-3998.6%
-$23M
—
—
Valuation over time
How the market has priced NN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 70.7× (Mar '23) to 498.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is NN growing its revenue and profit?
Over the past 5 years, Nextnav Inc.'s revenue has grown 51.7% per year. These are computed facts, not advice.
How much debt does NN have?
As of FY2025, Nextnav Inc. reported $274M of total debt against $45M of cash.
What is NN's profit margin?
In FY2025, gross margin was —, operating margin -1535.8%, and net margin -4138.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.