Filing Flows › Nextnav (NN) › Q4 2025
Nextnav (NN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 17, 2026
Nextnav (NN) reported revenue of $945K for the fourth quarter 2025 (Q4 2025), -51% from a year earlier and +7% from the quarter before.
Nextnav, Q4 2025: revenue $945K (-50% year over year), net loss $68.0M, operating cash flow −$16.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $945K | +7% | -51% |
| Operating profit | −$16.1M | — | — |
| Net earnings | −$68.0M | -14171% | — |
| Operating cash flow | −$16.1M | — | — |
What changed
Revenue was $945K in Q4 2025, down 51% year over year and up 7% from the previous quarter. Commercial was the largest line at 98% of revenue.
Operating costs exceeded revenue by $16.1M, an operating margin of -1706.1%. Total costs grew 2% against a revenue fall of 51%. The fastest-growing cost line was Research & development (+26%). The quarter ended with a net loss of $68.0M, after a profit of $483K the previous quarter. Net interest and other expense of $51.8M was the main reason.
Operating cash flow was −$16.1M. Non-cash charges added back $1.4M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $46.4M. Capital expenditures of −$15K exceeded it, leaving free cash flow of −$16.1M.
Questions
What was Nextnav's revenue in the fourth quarter 2025?
Nextnav (NN) reported revenue of $945K for the fourth quarter 2025 (Q4 2025), -51% from a year earlier and +7% from the quarter before.
Source: Nextnav 10-K on SEC EDGAR.