NextNav Inc.
nextnav.comWhat Do They Do?
Provides ground-based location and timing services, including indoor positioning and altitude data, to wireless carriers, public safety users and app developers.
10-K for FY2025, filed Mar 17, 2026Our PNT solutions seek to address these needs and issues in several ways. Our technology consists of a ground-based transmitter network…View ↗
As we evolve our technology platform to NextGen and pursue regulatory changes to the Lower 900 MHz band and our spectrum licenses, we…View ↗
Because our Pinnacle technology relies on measurements available with the hardware currently used in most mobile phones and tablets, it can…View ↗
Domestically, we operate primarily as a service provider, leveraging our intellectual property, spectrum assets, and partnerships with key…View ↗
How Do They Make Money?
Commercial services are the larger business. Customers pay for demonstrations and assessments, support, equipment and technology licenses; equipment is billed at shipment, services periodically or as work progresses, and license and ongoing-service fees accrue over the service period.
10-K for FY2025, filed Mar 17, 2026NextNav derives its revenue from PNT technology, products and services including revenue generated through technology demonstration and…View ↗
NextNav recognizes equipment sales and the related costs when control of the equipment passes to the customer, typically upon shipment. The…View ↗
The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables, and deferred…View ↗
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10-K for FY2025, filed Mar 17, 2026
FY2025 revenue by product or service ↗
$4.6M
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10-K for FY2025, filed Mar 17, 2026
$4.6M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Commercial
|
82%
FY2022: 89%
|
Commercial, FY2025
$3.8M Sources
|
|
Government contracts
|
18%
FY2022: 0.8%
|
Government contracts, FY2025
$814K Sources
|
Who Are Their Customers?
Customers include wireless carriers, app developers, businesses selling location products, and federal, state and local governments. AT&T markets and resells Pinnacle to FirstNet subscribers; internationally, the company works with partners through technology licensing and related services.
10-K for FY2025, filed Mar 17, 2026
10-K for FY2025, filed Mar 17, 2026
For the year ended December 31, 2025, two customers accounted for 70% and 17% of total revenue. For the year ended December 31, 2024, three…View ↗
Do Revenues Turn Into Profits?
No. It lost $189.3M in FY2025.
10-K for FY2025, filed Mar 17, 2026
−$70.2MView ↗
10-K for FY2025, filed Mar 17, 2026
−$189.3MView ↗
10-K for FY2025, filed Mar 17, 2026
−$50.8MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 11, 2026
−$33.8MView ↗
- ▼ −47% (Loss)
- vs −$63.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
Growing. Revenue grew 6.0x in 4 years, from $763K in FY2021 to $4.6M in FY2025, about 56% a year.
Platform direction
The older report described adding mobile-network technology to TerraPoiNT; the latest report centers on NextGen, designed to combine positioning services with mobile broadband through operator partnerships.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 17, 2026Optimize the Full Value of our Spectrum, including maximizing Spectral Efficiency and Throughput of Our Spectrum.We anticipate adopting 4G…View ↗
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