NextNav (NN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NextNav

NasdaqCM•Technology•Software - Infrastructure

$14.62-0.30(-0.02%)Pre-market

Market Cap

$2.11B

P/S

531.3x

P/B

6.3x

NextNav Inc. provides positioning, navigation, and timing (PNT) solutions in the United States. The company offers Pinnacle, an accurate altitude service for public safety applications, including enhanced 911 for Verizon and national cellular network providers. It also provides TerraPoiNT, a 3D PNT system, provides positioning, navigation, and timing services provided by GPS through a land-based GPS satellite constellation. The company serves Wi-Fi, telecom, public safety, location apps, and critical infrastructure industries. The company was founded in 2007 and is headquartered in Reston, Virginia.

How this company scores

WeakMetricSide Score: 39/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (2/25).

Profitability15/25

Growth7/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality2/25

Strengths

Interest easily coveredProfit converts from growthNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 531.3x5y range 0.1x – 531.3x

Currently above its 17-quarter median.

P/B · 6.3x5y range 0.0x – 242.7x

Currently above its 13-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.11B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.98M
Q. Revenue: $1.15M
TTM EBITDA: $-67.78M
TTM Op. Income: $-75.58M
Q. Op. Income: $-20.25M
TTM Net Income: $-111.86M
Q. Net Income: $-33.76M
EPS: $-0.24
Shares Out.: $141.63M

$3.98M in TTM revenue declined 36.5% YoY, reaching $1.15M last quarter. TTM EBITDA of $-67.78M and TTM operating income of $-75.58M show growth is flowing through to the bottom line. However, net income is negative at $111.86M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -1646.0%
Op. Margin: -1760.8%
Net Margin: -2935.2%

Op. margin of -1760.8% is down 326.5% YoY — costs are rising relative to revenue. Net margin at -2935.2% Over the past year, operating margin is down 23% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 531.3x
P/B Ratio: 6.3x

P/S of 531.3x and P/B of 6.3x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $389.05M
Cash: $77.72M
Long-Term Debt: N/A
Book Value: $334.50M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-17.98M
TTM Free Cash Flow: $-53.07M
FCF Margin: -1334.4%
FCF / Net Income: 0.5

TTM FCF of $-53.07M on $-17.98M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 19% — a weakening trend.