Filing Flows › Nextnav (NN) › Q3 2025
Nextnav (NN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Nextnav (NN) reported revenue of $887K for the third quarter 2025 (Q3 2025), -45% from a year earlier and -26% from the quarter before.
Nextnav, Q3 2025: revenue $887K (-45% year over year), net earnings $483K, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $887K | -26% | -45% |
| Operating profit | −$19.9M | — | — |
| Net earnings | $483K | — | — |
| Operating cash flow | −$9.0M | — | — |
What changed
Revenue was $887K in Q3 2025, down 45% year over year and down 26% from the previous quarter. Commercial was the largest line at 99% of revenue. Government contracts lost $518K year over year (down 99%), 72% of the total change.
Operating costs exceeded revenue by $19.9M, an operating margin of -2239.6%. Total costs grew 34% against a revenue fall of 45%. The fastest-growing cost line was Other operating costs (+170%). Net earnings were $483K. The effective tax rate was 8.7%. Non-operating items added $20.4M, 3855% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.0M. Non-cash charges added back $3.5M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $17.6M. Capital expenditures of $8K exceeded it, leaving free cash flow of −$9.0M.
Questions
What was Nextnav's revenue in the third quarter 2025?
Nextnav (NN) reported revenue of $887K for the third quarter 2025 (Q3 2025), -45% from a year earlier and -26% from the quarter before.
Source: Nextnav 10-Q on SEC EDGAR.