Filing Flows › Nextnav (NN) › Q4 2024
Nextnav (NN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Nextnav (NN) reported revenue of $1.9M for the fourth quarter 2024 (Q4 2024), +59% from a year earlier and +19% from the quarter before. Operating margin was -772.6%.
Nextnav, Q4 2024: revenue $1.9M (+59% year over year), operating margin -772.6%, net loss $32.3M, operating cash flow −$11.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | +19% | +59% |
| Operating profit | −$14.8M | — | — |
| Net earnings | −$32.3M | — | — |
| Operating cash flow | −$11.9M | — | — |
What changed
Revenue was $1.9M in Q4 2024, up 59% year over year and up 19% from the previous quarter. Commercial was the largest line at 72% of revenue.
Operating costs exceeded revenue by $14.8M, an operating margin of -772.6%. Total costs fell 21% while revenue rose 59%. The quarter ended with a net loss of $32.3M, wider than the previous quarter's $13.6M loss. Net interest and other expense of $17.5M was the main reason.
Operating cash flow was −$11.9M. Non-cash charges added back $1.3M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $16.3M. Capital expenditures of $168K exceeded it, leaving free cash flow of −$12.1M.
Questions
What was Nextnav's revenue in the fourth quarter 2024?
Nextnav (NN) reported revenue of $1.9M for the fourth quarter 2024 (Q4 2024), +59% from a year earlier and +19% from the quarter before.
Was Nextnav profitable in the fourth quarter 2024?
Operating loss was $14.8M (-772.6% of revenue) and net loss $32.3M.
Source: Nextnav 10-K on SEC EDGAR.