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How Nextnav (NN) makes money

Nextnav (NN) made $1.1M of revenue in the second quarter 2026 (Q2 2026), -4% from a year earlier. Commercial brought in $1.1M (97%); Government contracts brought in $30K (3%).

Drawing the Sankey…

Nextnav revenue by segment, Q2 2026Nextnav revenue by segment, Q2 2026Commercial$1.1MGovernment contracts$30K
Nextnav: revenue by line, Q4 2024 to Q2 2026Nextnav: revenue by line, Q4 2024 to Q2 2026CommercialGovernment contractsCommercial: $1.1M latest$1.1MGovernment contracts: $30K latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q2 2026
Commercial went from 72% of revenue in Q4 2024 to 97% in Q2 2026, the largest shift in the mix.
Nextnav revenue by quarterNextnav revenue by quarter$1.9MQ4 2024$1.5MQ1 2025$1.2MQ2 2025$887KQ3 2025$945KQ4 2025$995KQ1 2026$1.1MQ2 2026
Nextnav: where each dollar of revenue goesNextnav: where each dollar of revenue goesIncome tax5¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Commercial$1.1M97.4%—+10%
Government contracts$30K2.6%—-84%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$1.1M100.0%
Income tax$60K5.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$1.1M-4%
Q1 2026$995K-35%
Q4 2025$945K-50%
Q3 2025$887K-45%
Q2 2025$1.2M+9%
Q1 2025$1.5M+47%
Q4 2024$1.9M+59%

From Nextnav's 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does Nextnav make money?

Nextnav (NN) made $1.1M of revenue in the second quarter 2026 (Q2 2026), -4% from a year earlier. Commercial brought in $1.1M (97%); Government contracts brought in $30K (3%).

What is Nextnav's biggest business?

Commercial: $1.1M in the second quarter 2026, 97% of revenue, +10% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.