NN · NextNav Inc.

NextNav Inc. reported its first quarter 2026 financial results, with revenue of $0.995 million, down 35% from $1.539 million in the same quarter last year. The decline was primarily driven by lower cost of goods sold and increased research and development expenses. Operating loss widened to $19.3 million from $17.0 million, reflecting higher R&D spending ($5.9M vs $4.0M) and selling, general and administrative costs ($10.7M vs $10.5M). Net loss improved significantly to $10.6 million from $58.6 million, largely due to a $9.2 million gain from change in fair value of derivative liability and a $3.4 million gain from change in fair value of warrants, compared to losses in the prior year. Diluted EPS was -$0.12 versus -$0.45. The company ended the quarter with $143 million in cash and short-term investments, and net long-term debt of $267.2 million. Management commentary focused on proactive engagement with the FCC regarding spectrum rulemaking, and operational highlights included joining the OCUDU Ecosystem Foundation and demonstrating 5G/RFID coexistence in the lower 900 MHz band. The company continues to invest in its next-generation PNT technology and commercialization efforts.