Short answer
NEXTNAV INC. (NN) filed its Q2 2026 10-Q quarterly report on Aug 11, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $1M (down 4.3% year over year) with net income of −$34M.
Q2 2026 key financials · XBRL
- Revenue
- $1M
- −4.3% YoY · +15.6% QoQ
- Net income
- −$34M
- +46.6% YoY · −217.8% QoQ
- Operating margin
- -1760.8%
- EPS (diluted)
- −$0.21
- +56.3% YoY · −75.0% QoQ
Source: XBRL data from the NEXTNAV INC. (NN) Q2 2026 10-Q on SEC EDGAR. USD.
NEXTNAV INC. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.15M, down 4.3% YoY from $1.202M, driven by lower government and commercial service revenue
- Operating loss $20.249M vs $17.240M YoY; operating margin -1,760.8% vs -1,434.9%
- R&D $5.463M, up 13.2% YoY; SG&A worst cost trend at $12.561M, up 22.7%
- Cash and securities $228.8M at June 30; operating cash use $28.0M and investing cash use $42.1M
- $169.5M gross proceeds from warrant exercises; 2028 Notes conversion eliminated outstanding debt
- Outlook: additional losses and higher operating expenses; liquidity expected sufficient beyond 12 months
Risk Factors
- 5G NR transition risk: FCC petition remains pending after opposition from lower 900 MHz band users
- Liquidity risk: net loss $44.4 million for the three months ended June 30, 2026 with future capital needs dependent on equity or debt issuance
- Competitive risk: Apple and Google provide nationwide location services free through iOS and Android
- Operational concentration risk: Pinnacle network hosting agreement with AT&T expires October 2028
- Adoption risk: customer revenue depends on third-party platforms integrating services and end users accessing them
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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