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Nextnav (NN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Nextnav (NN) Q2 2026 earnings results →
Q2 2026 Revenue down 4% year over year to $1.1M
Nextnav made $1.1M in Q2 2026 (-4% Y/Y): Commercial $1.1M, Government contracts $30K. Operating margin n/m, net loss $33.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
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What changed this quarter
Revenue was $1.1M in Q2 2026, down 4% year over year and up 16% from the previous quarter. Commercial was the largest line at 97% of revenue. Government contracts lost $156K year over year (down 84%), 300% of the total change.
Operating costs exceeded revenue by $20.2M, an operating margin of -1760.8%. Total costs grew 16% against a revenue fall of 4%. The fastest-growing cost line was SG&A (+23%). The quarter ended with a net loss of $33.8M, wider than the previous quarter's $10.6M loss.
Operating cash flow was −$18.0M. Non-cash charges added back $1.3M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items added $8.6M. Capital expenditures of $5K exceeded it, leaving free cash flow of −$18.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $1.1M | -4% | n/m | −$33.8M | −$18.0M |
| Q1 2026 | 10-Q | May 14, 2026 | $995K | -35% | n/m | −$10.6M | −$10.0M |
| Q4 2025 | 10-K | Mar 17, 2026 | $945K | -50% | n/m | −$68.0M | −$16.1M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $887K | -45% | n/m | $483K | −$9.0M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $1.2M | +9% | n/m | −$63.2M | −$13.5M |
| Q1 2025 | 10-Q | May 9, 2025 | $1.5M | +47% | n/m | −$58.6M | −$12.2M |
| Q4 2024 | 10-K | Mar 12, 2025 | $1.9M | +59% | -772.6% | −$32.3M | −$11.9M |
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About Nextnav
We are the market leader in delivering resilient, next generation, complementary positioning, navigation and timing (“PNT”) solutions designed to overcome the limitations and vulnerabilities of existing space-based Global Navigation Satellite Systems (“GNSS”), including the Global Positioning System (“GPS”). PNT services are used in nearly every facet of our economy. Cellular and electrical distribution systems depend on GPS-based timing, and the mobile app economy relies on location to create innovative services and to drive data and advertising revenue. Public safety and enhanced 911 (“E911”) save lives every day with the use of location services. GPS has powered the global economy for nearly 40 years. Without high-precision timing from GPS, cellular systems would fail, the distribution of electricity would be impacted, and other aspects of everyday life would be adversely affected.
In its own words, from its 10-K, filed Mar 17, 2026.
Nextnav against its Search, Detection, Navigation, Guidance, Aeronautical Sys peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NN Nextnav | Q2 2026 | $1.1M | -4% | n/m |
| NOC Northrop Grumman | Q3 2026 | $11.1B | +7% | 11.4% |
| LHX L3Harris Technologies | Q3 2026 | $6.1B | +7% | 13.0% |
| GRMN Garmin | Q3 2026 | $2.0B | +12% | 30.8% |
| TDY Teledyne Technologies | Q3 2026 | $1.7B | +9% | 20.6% |
| DRS Leonardo DRS | Q3 2026 | $1.1B | +11% | 10.9% |
| LUNR Intuitive Machines | Q2 2026 | $206M | +310% | -22.9% |
| LYNX Lyntris | Q3 2026 | $194M | +90% | 5.7% |
| CODA Coda Octopus Group | Q3 FY26 | $7.7M | +9% | 19.9% |
Source: Nextnav 10-Q on SEC EDGAR · CIK 1865631 · Search, Detection, Navigation, Guidance, Aeronautical Sys
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results