Filing Flows › Nextnav (NN) › Q2 2025
Nextnav (NN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Nextnav (NN) reported revenue of $1.2M for the second quarter 2025 (Q2 2025), +9% from a year earlier and -22% from the quarter before.
Nextnav, Q2 2025: revenue $1.2M (+9% year over year), net loss $63.2M, operating cash flow −$13.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | -22% | +9% |
| Operating profit | −$17.2M | — | — |
| Net earnings | −$63.2M | — | — |
| Operating cash flow | −$13.5M | — | — |
What changed
Revenue was $1.2M in Q2 2025, up 9% year over year and down 22% from the previous quarter. Commercial was the largest line at 85% of revenue. Government contracts added $181K year over year (up 3620%), 187% of the total change. Commercial declined 8%.
Operating costs exceeded revenue by $17.2M, an operating margin of -1434.3%. Total costs grew 12% against revenue growth of 9%. The fastest-growing cost line was SG&A (+26%). The quarter ended with a net loss of $63.2M, wider than the previous quarter's $58.6M loss. Net interest and other expense of $45.9M was the main reason.
Operating cash flow was −$13.5M. Non-cash charges added back $1.4M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $44.7M. Capital expenditures of $27K exceeded it, leaving free cash flow of −$13.6M.
Questions
What was Nextnav's revenue in the second quarter 2025?
Nextnav (NN) reported revenue of $1.2M for the second quarter 2025 (Q2 2025), +9% from a year earlier and -22% from the quarter before.
Source: Nextnav 10-Q on SEC EDGAR.