Short answer
NEXTNAV INC. (NN) filed its Q1 2026 10-Q quarterly report on May 14, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $995,000 (down 35.3% year over year) with net income of −$11M.
Q1 2026 key financials · XBRL
- Revenue
- $995,000
- −35.3% YoY
- Net income
- −$11M
- +81.9% YoY
- Operating margin
- -1944.0%
- EPS (diluted)
- −$0.12
- +73.3% YoY
Source: XBRL data from the NEXTNAV INC. (NN) Q1 2026 10-Q on SEC EDGAR. USD.
NEXTNAV INC. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $995,000, down 35.3% from $1.539 million YoY
- Operating loss $19.343 million versus $17.004 million YoY
- Net loss $10.621 million versus $58.579 million YoY
- Cash and securities $143.0 million; operating cash outflow $10.041 million versus $12.179 million YoY
- Expected additional losses and higher operating expenses; cash sufficient beyond next 12 months
Risk Factors
- Net losses $10.6 million in Q1 2026, with continued losses expected and potential future capital needs
- 5G NR deployment requires pending FCC approval, opposed by lower 900 MHz band users
- 2028 Notes restrict additional debt, liens, investments, and asset sales, limiting strategic flexibility
- AT&T hosting and FirstNet agreements extend to October 2028, but renewal is not guaranteed
- Free location services from Apple and Google constrain customer acquisition and service monetization
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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