Filing Flows › Nextnav (NN) › Q1 2025
Nextnav (NN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Nextnav (NN) reported revenue of $1.5M for the first quarter 2025 (Q1 2025), +47% from a year earlier and -19% from the quarter before.
Nextnav, Q1 2025: revenue $1.5M (+47% year over year), net loss $58.6M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5M | -19% | +47% |
| Operating profit | −$17.0M | — | — |
| Net earnings | −$58.6M | — | — |
| Operating cash flow | −$12.2M | — | — |
What changed
Revenue was $1.5M in Q1 2025, up 47% year over year and down 19% from the previous quarter. Commercial was the largest line at 61% of revenue. Government contracts added $602K year over year (up 12040%), 122% of the total change. Commercial declined 10%.
Operating costs exceeded revenue by $17.0M, an operating margin of -1104.9%. Total costs grew 8% against revenue growth of 47%. The fastest-growing cost line was SG&A (+25%). The quarter ended with a net loss of $58.6M, wider than the previous quarter's $32.3M loss. Net interest and other expense of $41.5M was the main reason.
Operating cash flow was −$12.2M. Non-cash charges added back $1.5M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $40.6M. Capital expenditures of $30K exceeded it, leaving free cash flow of −$12.2M.
Questions
What was Nextnav's revenue in the first quarter 2025?
Nextnav (NN) reported revenue of $1.5M for the first quarter 2025 (Q1 2025), +47% from a year earlier and -19% from the quarter before.
Source: Nextnav 10-Q on SEC EDGAR.