NextNav (NASDAQ:NN) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

NextNav (NASDAQ:NN) released its earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02), Zacks reports. The firm had revenue of $1.15 million during the quarter, compared to the consensus estimate of $0.92 million.

Here are the key takeaways from NextNav’s conference call:

• Balance sheet strengthened substantially: NextNav eliminated its debt, received nearly $170 million from warrant exercises, and reported approximately $300 million in available liquidity, including about $230 million in cash and marketable securities.
• Regulatory momentum continued around its proposed 900 MHz spectrum allocation, including a SpaceX filing supporting flexible-use low-band spectrum and specifically citing a configuration consistent with NextNav’s proposal. However, the FCC’s NPRM remains subject to ongoing OIRA and interagency review, with no timing provided.
• Partnerships with Safran Electronics & Defense, Tiami Networks, and a Tier 1 device partner expanded potential applications for NextNav’s 3D PNT, counter-drone detection, and vertical-location technologies across defense, aviation, public safety, and critical infrastructure.
• NextNav demonstrated approximately 20 nanoseconds of timing accuracy across outdoor, indoor, and GPS-denied environments, which management said validates the commercial readiness of its terrestrial 5G-powered PNT platform for AI infrastructure and other mission-critical applications.
• The debt conversion and warrant exercises increased the share count, while the company reported a roughly $33.8 million net loss in the quarter, including a $32 million non-cash loss from changes in the fair value of warrants and derivative liabilities.

NextNav Price Performance

Shares of NASDAQ:NN opened at $17.83 on Wednesday. NextNav has a 1 year low of $10.87 and a 1 year high of $24.42. The company has a market cap of $2.43 billion, a P/E ratio of -14.74 and a beta of 1.10. The stock’s fifty day moving average price is $16.63 and its 200-day moving average price is $17.40.

Insider Buying and Selling

In other NextNav news, CAO Sammaad Shams sold 2,006 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $17.84, for a total value of $35,787.04. Following the completion of the transaction, the chief accounting officer owned 70,944 shares of the company’s stock, valued at approximately $1,265,640.96. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel James S. Black sold 1,878 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $22.96, for a total transaction of $43,118.88. Following the transaction, the general counsel owned 91,688 shares in the company, valued at $2,105,156.48. This represents a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 76,567 shares of company stock worth $1,522,252. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NextNav

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its stake in NextNav by 104.7% during the 4th quarter. Corient Private Wealth LLC now owns 35,042 shares of the company’s stock valued at $583,000 after buying an additional 17,921 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of NextNav by 57.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 99,942 shares of the company’s stock worth $1,663,000 after buying an additional 36,563 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of NextNav in the 4th quarter worth $481,000. Osterweis Capital Management Inc. bought a new stake in shares of NextNav in the fourth quarter worth $109,000. Finally, AQR Capital Management LLC grew its holdings in shares of NextNav by 16.4% in the fourth quarter. AQR Capital Management LLC now owns 22,829 shares of the company’s stock worth $380,000 after acquiring an additional 3,221 shares during the period. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Analysts Set New Price Targets

NN has been the subject of several research reports. Zacks Research raised NextNav from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Wall Street Zen raised NextNav from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Odeon Capital Group began coverage on shares of NextNav in a research note on Monday, July 20th. They set a “buy” rating and a $22.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of NextNav in a report on Friday, July 17th. Finally, UBS Group set a $25.00 target price on shares of NextNav in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.33.

Trending Headlines about NextNav

Here are the key news stories impacting NextNav this week:

• Positive Sentiment: SpaceX-related spectrum optimism supported the rally. Investors reacted favorably to reports that SpaceX had indicated support for NextNav’s vision for using spectrum, reinforcing speculation about the strategic value of NextNav’s positioning and potential future partnerships. NN stock jumps 24% as investors cheer SpaceX’s nod to NextNav spectrum vision
• Positive Sentiment: Revenue exceeded expectations. NextNav reported second-quarter revenue of $1.15 million, above the $0.92 million analyst consensus. The company’s quarterly loss of $0.18 per share also improved from a $0.30 loss a year earlier, although it was slightly worse than expected. NextNav Inc. Reports Q2 Loss, Tops Revenue Estimates
• Neutral Sentiment: Management’s earnings call and presentation are likely central to the investment case. Investors are assessing NextNav’s operating outlook, progress in its positioning technology and spectrum strategy, and the path toward reducing losses. NextNav Q2 2026 Earnings Call Transcript
• Negative Sentiment: The earnings beat was mixed. The $0.18-per-share loss missed the $0.16 consensus estimate, and NextNav remains unprofitable, with analysts expecting a full-year loss. This could limit the stock’s upside if revenue growth or strategic developments fail to accelerate.

NextNav Company Profile

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.