NextNav Inc. (NN) Stock Price & Analysis
NextNav Inc. (NN) closed at USD 9.85 on Tuesday, November 3, 2026, up 2.39% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.62; the Nov 3, 2026 session ranged USD 9.52–10.33 on volume of 2,234,871 shares. Market capitalization is $1.66B, with a 52-week range of USD 8.98–24.42 (NCM). Source: Nexqual, retrieved November 4, 2026 at 09:56 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NN.md
Key facts (NN)
- Last four reported quarters (through Jun 30, 2026): revenue $4.0M, net income -$112M (-2812.5% margin), free cash flow -$53.1M (SEC filings).
- Insider open-market sales, last ~7 months: 14 Form 4 filings, $3.0M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 3 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 33.67 (range 22–50).
- Total return with dividends: 1Y -17.8% vs S&P 500 +12.9%; 5Y +9.0% vs S&P 500 +72.1%.
- Next earnings: 2026-11-10, EPS estimate USD -0.12, revenue estimate $987K. All companies reporting that day: https://nexqual.com/earnings/2026-11-10
- Dividend: NN paid no cash dividend in the last five years.
- Short interest: 17.04% of float (as of 2026-10-15), 7.5 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $763K | $3.9M | $3.9M | $5.7M | $4.6M | $4.0M |
| Gross profit | $531K | $1.5M | $1.5M | $4.9M | — | — |
| Operating income | -$42.4M | -$65.5M | -$63.5M | -$60.1M | -$70.2M | -$75.6M |
| Net income | -$145M | -$40.1M | -$71.7M | -$102M | -$189M | -$112M |
| EPS (diluted) | -$6.73 | -$0.40 | -$0.66 | -$0.84 | -$1.42 | — |
| Free cash flow | -$49.0M | -$40.1M | -$38.2M | -$38.4M | -$50.8M | -$53.1M |
| Gross margin | 69.6% | 39.1% | 40.0% | 87.1% | — | — |
| Operating margin | -5560.8% | -1669.3% | -1645.0% | -1060.1% | -1535.8% | -1900.4% |
| Net margin | -18960.2% | -1021.8% | -1857.5% | -1797.1% | -4138.5% | -2812.5% |
| Revenue growth | +34.1% | +414.5% | -1.6% | +46.8% | -19.3% | — |
| Cash + short-term investments | $100M | $55.4M | $85.8M | $80.1M | $152M | — |
| Total debt | — | — | $48.4M | $54.6M | $274M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NN)
P/S 418.1x · P/B 5.0x · FCF yield -3.19% · Earnings yield -6.73%
Insider sales (SEC Form 4, open-market, last ~7 months) (NN)
14 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-24 | Insley Susan Brasse | Chief Operating Officer | 2,370 | $34K | 1.4% | Yes (adopted August 19, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-23 | Gray Timothy | Chief Financial Officer | 11,099 | $163K | 8.4% | Yes (adopted December 22, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-17 | Shams Sammaad | Chief Accounting Officer | 1,576 | $23K | 2.2% | Yes (adopted March 30, 2026) | Routine (sold in Mar & Jun & Aug & Sep & Dec each year 2023–2025) |
| 2026-09-16 | Shams Sammaad | Chief Accounting Officer | 430 | $6K | 0.6% | Yes (adopted March 30, 2026) | Routine (sold in Mar & Jun & Aug & Sep & Dec each year 2023–2025) |
| 2026-09-15 | Insley Susan Brasse | Chief Operating Officer | 849 | $13K | 0.5% | Yes (adopted August 19, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-14 | Black James S | General Counsel | 1,878 | $29K | 2% | Yes (adopted December 11, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Sorond Mariam | CEO, President and Director | 2,831 | $42K | 0.2% | Yes (adopted December 22, 2025) | Too little history (no open-market trades in 2023) |
| 2026-09-03 | Sorond Mariam | CEO, President and Director | 69,853 | $1.1M | 5.6% | Yes (adopted December 22, 2025) | Too little history (no open-market trades in 2023) |
| 2026-06-29 | Shams Sammaad | Chief Accounting Officer | 2,006 | $36K | 2.7% | Yes (adopted March 30, 2026) | Routine (sold in Mar & Jun & Aug & Sep & Dec each year 2023–2025) |
| 2026-06-24 | Insley Susan Brasse | Chief Operating Officer | 2,370 | $41K | 1.4% | Yes (adopted August 19, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16 | Insley Susan Brasse | Chief Operating Officer | 849 | $16K | 0.5% | Yes (adopted August 19, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16 | Sorond Mariam | CEO, President and Director | 2,830 | $52K | 0.2% | Yes (adopted December 22, 2025) | Too little history (no open-market trades in 2023) |
| 2026-06-12 | Black James S | General Counsel | 1,878 | $43K | 2% | Yes (adopted December 11, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01 | Sorond Mariam | CEO, President and Director | 69,853 | $1.4M | 5.3% | Yes (adopted December 22, 2025) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (NN)
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 33.67 (low 22, high 50).
Total return (dividends reinvested) (NN)
| 1Y (from 2025-11-04) | 5Y (from 2021-11-01) | |
|---|---|---|
| Total return | -17.8% | +9.0% |
| S&P 500 (SPY) | +12.9% | +72.1% |
| Per year | -17.8% | +1.7% |
| Volatility (annualized) | 82.0% | 74.3% |
| Max drawdown | -61.0% (Jun 2026→Oct 2026) | -81.1% (Nov 2021→Mar 2023) |
Dividends (NN)
NN paid no cash dividend in the last five years.
Short interest (NN)
22,861,504 shares sold short, 17.04% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 17,794,038 shares (+28.5%). Days to cover: 7.5 (short shares ÷ average daily volume).
NN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 11, 2026 | Quarter ended Jun 30, 2026 | −$0.39 | −$0.15 | Miss −160.0% | +24.6% |
| May 14, 2026 | Quarter ended Mar 31, 2026 | −$0.08 | −$0.15 | Beat +46.7% | +2.2% |
| Mar 17, 2026 | Quarter ended Dec 31, 2025 | −$0.50 | −$0.13 | Miss −284.6% | +10.1% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | −$0.12 | −$0.14 | Beat +14.3% | -0.9% |
| Aug 6, 2025 | — | — | — | — | -9.7% |
| May 9, 2025 | — | — | — | — | -8.5% |
| Mar 12, 2025 | — | — | — | — | +10.2% |
| Nov 13, 2024 | — | — | — | — | -5.0% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
NN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Aug 14, 2026 | Schedule 13G/A | FIG Buyer GP LLC, FCOF V UST LLC: 12.8% of shares, passive 5%+ holder (amended) |
| Aug 14, 2026 | Schedule 13G/A | Capital Ventures International, Susquehanna Advisors Group, Inc.: 5.4% of shares, passive 5%+ holder (amended) |
| Aug 13, 2026 | Schedule 13G/A | Joseph D. Samberg, The Joseph D. Samberg Revocable Trust: 7.8% of shares, passive 5%+ holder (amended) |
| Aug 13, 2026 | Schedule 13G/A | Wolf Hill Capital Management, LP, Wolf Hill General Partner, LLC: 2.1% of shares, passive 5%+ holder (amended) |
| Aug 11, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 11, 2026 | 8-K | Quarterly results |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
NN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Alphabet (Google) (GOOGL) | “In order for our customers to be able to utilize our Pinnacle service in smartphones, we and our customers must have access to barometric pressure measurements and 2D location information, both of which are made available by APIs provided by Google, Apple and other device/OS vendors.” |
| Customer | Apple (AAPL) | “In order for our customers to be able to utilize our Pinnacle service in smartphones, we and our customers must have access to barometric pressure measurements and 2D location information, both of which are made available by APIs provided by Google, Apple and other device/OS vendors.” |
| Customer | Verizon (VZ) | “While we are currently providing service to Verizon, and provide services to devices operating on other carriers' networks as customers for E911 services, our ability to retain these customers or sell our z-axis service to additional wireless carriers or device vendors for E911 in our coverage area depends upon the continued willingness of these carriers and device vendors to use our service to comply with FCC man…” |
| Customer | Amazon (AMZN) | “In addition, any changes in service levels from AWS may adversely affect our ability to meet our customers' requirements.” |
| Partner | AT&T (T) | “Our Pinnacle solution, launched in partnership with AT&T Services, Inc. ("AT&T") as part of its FirstNet® initiative, can provide accurate altitude service to any device with a barometric pressure sensor and covers over 90% of commercial structures over three stories in the U.S. Our Pinnacle system is primarily used for public safety applications, including E911 for Verizon Communications, Inc. ("Verizon"), and a …” |
| Partner | MetCom | “In November 2022, Pinnacle service was launched by MetCom in Japan, and our partnership with MetCom has expanded through a technology and services agreement signed in 2025.” |
Quoted from the company's 10-K filed Mar 17, 2026.
NN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.12 | $-0.11 | −$0.01 | $986,500 | 2 |
| Next quarter (ends Dec 2026) | $-0.12 | $-0.11 | −$0.01 | $998,000 | 2 |
| Current fiscal year (ends Dec 2026) | $-0.46 | $-0.59 | +$0.13 | $4.1M | 1 |
| Next fiscal year (ends Dec 2027) | $-0.57 | $-0.53 | −$0.04 | $3.2M | 1 |
NN options: expected move
Options price a move of about ±18.9% (±$1.88) by Nov 13, 2026, which includes earnings on Nov 10, 2026. Over the last 8 reports the stock moved ±8.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 6, 2026 | 2 | 137.9% | ±10.1% |
| Nov 13, 2026 | 9 | 143.0% | ±18.9% |
| Nov 20, 2026 | 16 | 136.4% | ±23.5% |
| Nov 27, 2026 | 23 | 150.4% | ±30.5% |
| Dec 4, 2026 | 30 | 147.4% | ±34.1% |
| Dec 11, 2026 | 37 | 120.2% | ±30.8% |
| Dec 18, 2026 | 44 | 125.0% | ±34.8% |
| Jan 15, 2027 | 72 | 117.1% | ±41.4% |
30-day implied volatility 133.6% vs 93.9% realized over the last 30 trading days. Put/call ratio (volume) 0.02. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of November 4, 2026 at 09:56 UTC)
| Price | USD 9.85 |
|---|---|
| Change | ▲ 2.39% (up) |
| Previous Close | USD 9.62 |
| Open | USD 9.55 |
| Day Range | USD 9.52 – 10.33 |
| 52-Week Range | USD 8.98 – 24.42 |
| Volume | 2,234,871 shares |
| Market Cap | $1.66B |
| Exchange | NCM |
Technical Analysis (NN)
Nexqual's technical model rates NN "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of November 4, 2026 at 09:56 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 37.93 (neutral) |
| vs SMA50 | Below (USD 13.26) |
| MACD | -0.75 (negative) |
Analyst Ratings (NN)
Wall Street analysts rate NN "Buy" based on 3 analysts, with a mean price target of USD 33.67 (range USD 22–50), per Nexqual as of November 4, 2026 at 09:56 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 33.67 |
| High Target | USD 50 |
| Low Target | USD 22 |
| Buy / Hold / Sell | 3 / 0 / 0 |
Earnings (NN)
| Next Earnings Date | 2026-11-10 |
|---|---|
| EPS Estimate | USD -0.12 |
| Revenue Estimate | $986,500 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.39 vs est -0.16 ▼ miss |
| 2026-03-31 | USD -0.08 vs est -0.15 ▲ beat |
| 2025-12-31 | USD -0.5 vs est -0.13 ▼ miss |
| 2025-09-30 | USD -0.12 vs est -0.14 ▲ beat |
Source: Nexqual, November 4, 2026 at 09:56 UTC.
Financials & Fundamentals (NN)
| Total Revenue | $3.98M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -4.30% |
| Gross Margin | -104.90% |
| Operating Margin | -1752.09% |
| Profit Margin | +0.00% |
| ROE | -77.87% |
| Debt / Equity | 0.04 |
| Current Ratio | 25.63 |
| Total Cash | $228.84M |
| Total Debt | $13.16M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$53.07M (-1334.4% of revenue) |
Source: Nexqual, November 4, 2026 at 09:56 UTC.
Financial Health Score (NN)
Nexqual rates NextNav Inc.'s overall financial health "Weak" across five dimensions, as of November 4, 2026 at 09:56 UTC.
| Growth | Critical — Revenue -36% (last 4 quarters to Jun 2026 vs the 4 before, SEC), sharp decline |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $143M cash and investments vs $267M debt (Mar 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$53M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -33%, ROA -28.8% (last 4 quarters, SEC) |
Ownership (NN)
| Insider Ownership | +22.55% |
|---|---|
| Institutional Ownership | +61.85% |
| Shares Outstanding | 168.81M |
| Float | 116.53M |
| Short % of Float | +17.04% |
Source: Nexqual, November 4, 2026 at 09:56 UTC.
Leadership (NN)
NextNav Inc. is led by Mariam Sorond, Chairman, CEO & President, per Nexqual as of November 4, 2026 at 09:56 UTC.
| Chairman, CEO & President | Mariam Sorond |
|---|---|
| Chief Financial Officer | Timothy A. Gray |
| Co-Founder, Senior VP & CTO | Arun Raghupathy |
| Executive VP & COO | Susan Insley |
| Senior Vice President of Technology Development | John Kim |
Major Backers & Investors (NN)
Notable institutional backers of NextNav Inc. include Fortress Investment Group LLC, Clutterbuck Capital Management LLC, Susquehanna Advisors Group, Inc, according to Nexqual as of November 4, 2026 at 09:56 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Fortress Investment Group LLC | 10.76% |
| Clutterbuck Capital Management LLC | 5.31% |
| Susquehanna Advisors Group, Inc | 3.29% |
| Milfam LLC | 1.94% |
| PointState Capital LP | 1.85% |
| Wolf Hill Capital Management, LP | 1.62% |
| Van Eck Associates Corporation | 1.62% |
| Fidelity | 0.66% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 4.94% |
| Vanguard Group | 3.85% |
Source: Nexqual, November 4, 2026 at 09:56 UTC.
From NextNav Inc.'s Latest SEC 10-K Filing (filed 2026-03-17)
Key Strengths & Strategy (as disclosed to the SEC)
- We are the market leader in delivering resilient, next generation, complementary positioning, navigation and timing ("PNT") solutions designed to overcome the limitations and vulnerabilities of existing space-based Global Navigation Satellite Systems ("GNSS"), including the Global Positioning System ("GPS").
- Evolving the technical foundation of our system to 5G NR will allow us to provide high-quality PNT services in conjunction with 5G broadband services.
- Our technology consists of a ground-based transmitter network operating on low-band spectrum assets in a manner similar to the function of GPS satellites.
- As a result, our technology can act as a complement to satellite-based GPS, especially in urban canyons or deep indoors, and as a backup in case traditional GPS fails due to jamming, spoofing, technical failures, solar flares or other risks to satellite-based services.
Partnerships
- In November 2022, Pinnacle service was launched by MetCom in Japan, and our partnership with MetCom has expanded through a technology and services agreement signed in 2025.
- In 2019, we entered into an equipment hosting agreement with AT&T that has a seven-year term (subject to earlier termination after three years in certain circumstances), expiring in October 2028.
Legal & Regulatory Risks (Item 1A, quoted)
- Our FCC licenses authorize the use of radio frequencies that are shared with other radio services, which could result in harmful interference and impairment to our use of our licensed spectrum.
- Our retention and use of our LMS licenses has been the subject of ongoing objections by third parties that could result in the revocation or non-renewal of our LMS licenses.
- We and our service providers collect, process, transmit, and store personal information, which creates legal obligations and may give rise to additional costs and liability. Failure to comply with federal, state and foreign laws and regulations relating to privacy and data protection could adversely affect our business and its financial condition.
- We or our customers may also be subject to FCC rules regarding Customer Proprietary Network Information or other restrictions on our ability to use certain data that we collect in connection with 911 or other calls.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PAY | Paymentus Holdings, Inc. | USD 31.02 | ▼ 11.5% |
| OPAY | OPay Limited | USD 19 | ▲ 0% |
| CORZ | Core Scientific, Inc. | USD 14.24 | ▲ 13.87% |
| BB | BlackBerry Limited | USD 8.19 | ▲ 2.12% |
| TENB | Tenable Holdings, Inc. | USD 47.03 | ▼ 0.89% |
| RELY | Remitly Global, Inc. | USD 25.38 | ▲ 0.18% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: November 4, 2026 at 09:56 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt