NEXTNAV INC. (NN) FY2025 10-K Annual Report
NEXTNAV INC. (NN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
NEXTNAV INC. FY2025 10-K Analysis
Business Overview
- • Core business model: terrestrial complementary PNT solutions enhancing GPS resilience using low-band spectrum and ground-based transmitter networks
- • New emphasis on NextGen platform integrating PNT with 5G NR positioning reference signals for combined high-quality PNT and broadband services
Management Discussion & Analysis
- • Revenue $12.3M, down 8% YoY from $13.4M in fiscal 2025
- • Gross margin 47.5% vs 50.2% in prior year, reflecting increased cost of sales
Risk Factors
- • FCC regulatory risk from ongoing review of Petition for Rulemaking to optimize Lower 900 MHz band for 5G NR and PNT operations
- • Macroeconomic threat from delayed wireless carrier and government spending impacting project timing amid economic uncertainty and possible federal shutdowns
NEXTNAV INC. FY2025 Key Financial MetricsXBRL
Revenue
$5M
▼ -19.3% YoY
Net Income
-$189M
▼ -85.8% YoY
Operating Margin
-1535.8%
▼ -47568bp YoY
Net Margin
-4138.5%
▼ -234136bp YoY
ROE
219.5%
▲ +42273bp YoY
Total Assets
$247M
▲ +52.7% YoY
EPS (Diluted)
$-1.42
▼ -69.0% YoY
Operating Cash Flow
-$51M
▼ -33.5% YoY
Source: XBRL data from NEXTNAV INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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