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)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NN)

USDFY2021FY2022FY2023FY2024FY2025TTM
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 margin69.6%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 dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-09-24Insley Susan BrasseChief Operating Officer2,370$34K1.4%Yes (adopted August 19, 2025)Too little history (no open-market trades in 2023 or 2024)
2026-09-23Gray TimothyChief Financial Officer11,099$163K8.4%Yes (adopted December 22, 2025)Too little history (no open-market trades in 2023–2025)
2026-09-17Shams SammaadChief Accounting Officer1,576$23K2.2%Yes (adopted March 30, 2026)Routine (sold in Mar & Jun & Aug & Sep & Dec each year 2023–2025)
2026-09-16Shams SammaadChief Accounting Officer430$6K0.6%Yes (adopted March 30, 2026)Routine (sold in Mar & Jun & Aug & Sep & Dec each year 2023–2025)
2026-09-15Insley Susan BrasseChief Operating Officer849$13K0.5%Yes (adopted August 19, 2025)Too little history (no open-market trades in 2023 or 2024)
2026-09-14Black James SGeneral Counsel1,878$29K2%Yes (adopted December 11, 2025)Too little history (no open-market trades in 2023–2025)
2026-09-03Sorond MariamCEO, President and Director2,831$42K0.2%Yes (adopted December 22, 2025)Too little history (no open-market trades in 2023)
2026-09-03Sorond MariamCEO, President and Director69,853$1.1M5.6%Yes (adopted December 22, 2025)Too little history (no open-market trades in 2023)
2026-06-29Shams SammaadChief Accounting Officer2,006$36K2.7%Yes (adopted March 30, 2026)Routine (sold in Mar & Jun & Aug & Sep & Dec each year 2023–2025)
2026-06-24Insley Susan BrasseChief Operating Officer2,370$41K1.4%Yes (adopted August 19, 2025)Too little history (no open-market trades in 2023 or 2024)
2026-06-16Insley Susan BrasseChief Operating Officer849$16K0.5%Yes (adopted August 19, 2025)Too little history (no open-market trades in 2023 or 2024)
2026-06-16Sorond MariamCEO, President and Director2,830$52K0.2%Yes (adopted December 22, 2025)Too little history (no open-market trades in 2023)
2026-06-12Black James SGeneral Counsel1,878$43K2%Yes (adopted December 11, 2025)Too little history (no open-market trades in 2023–2025)
2026-06-01Sorond MariamCEO, President and Director69,853$1.4M5.3%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 filedQuarterEPSConsensusSurpriseStock reaction
Aug 11, 2026Quarter ended Jun 30, 2026−$0.39−$0.15Miss −160.0%+24.6%
May 14, 2026Quarter ended Mar 31, 2026−$0.08−$0.15Beat +46.7%+2.2%
Mar 17, 2026Quarter ended Dec 31, 2025−$0.50−$0.13Miss −284.6%+10.1%
Nov 6, 2025Quarter ended Sep 30, 2025−$0.12−$0.14Beat +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)

FiledFormWhat it says
Aug 14, 2026Schedule 13G/AFIG Buyer GP LLC, FCOF V UST LLC: 12.8% of shares, passive 5%+ holder (amended)
Aug 14, 2026Schedule 13G/ACapital Ventures International, Susquehanna Advisors Group, Inc.: 5.4% of shares, passive 5%+ holder (amended)
Aug 13, 2026Schedule 13G/AJoseph D. Samberg, The Joseph D. Samberg Revocable Trust: 7.8% of shares, passive 5%+ holder (amended)
Aug 13, 2026Schedule 13G/AWolf Hill Capital Management, LP, Wolf Hill General Partner, LLC: 2.1% of shares, passive 5%+ holder (amended)
Aug 11, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 11, 20268-KQuarterly 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)

RelationshipCompanySentence in the filing
CustomerAlphabet (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.”
CustomerApple (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.”
CustomerVerizon (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…”
CustomerAmazon (AMZN)“In addition, any changes in service levels from AWS may adversely affect our ability to meet our customers' requirements.”
PartnerAT&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 …”
PartnerMetCom“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

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.12$-0.11−$0.01$986,5002
Next quarter (ends Dec 2026)$-0.12$-0.11−$0.01$998,0002
Current fiscal year (ends Dec 2026)$-0.46$-0.59+$0.13$4.1M1
Next fiscal year (ends Dec 2027)$-0.57$-0.53−$0.04$3.2M1

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.

ExpirationDaysATM implied volatilityExpected move
Nov 6, 20262137.9%±10.1%
Nov 13, 20269143.0%±18.9%
Nov 20, 202616136.4%±23.5%
Nov 27, 202623150.4%±30.5%
Dec 4, 202630147.4%±34.1%
Dec 11, 202637120.2%±30.8%
Dec 18, 202644125.0%±34.8%
Jan 15, 202772117.1%±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)

PriceUSD 9.85
Change▲ 2.39% (up)
Previous CloseUSD 9.62
OpenUSD 9.55
Day RangeUSD 9.52 – 10.33
52-Week RangeUSD 8.98 – 24.42
Volume2,234,871 shares
Market Cap$1.66B
ExchangeNCM

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 SignalSTRONG SELL
RSI (14)37.93 (neutral)
vs SMA50Below (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 RatingBuy
Analyst Count3
Mean TargetUSD 33.67
High TargetUSD 50
Low TargetUSD 22
Buy / Hold / Sell3 / 0 / 0

Earnings (NN)

Next Earnings Date2026-11-10
EPS EstimateUSD -0.12
Revenue Estimate$986,500

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.39 vs est -0.16 ▼ miss
2026-03-31USD -0.08 vs est -0.15 ▲ beat
2025-12-31USD -0.5 vs est -0.13 ▼ miss
2025-09-30USD -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 / Equity0.04
Current Ratio25.63
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.

GrowthCritical — Revenue -36% (last 4 quarters to Jun 2026 vs the 4 before, SEC), sharp decline
ProfitabilityCritical — Heavily loss-making — early-stage company
Balance SheetStrong — $143M cash and investments vs $267M debt (Mar 2026, SEC)
Cash FlowWeak — FCF negative: -$53M (last 4 quarters to Jun 2026, SEC), burning cash
EfficiencyCritical — ROE -33%, ROA -28.8% (last 4 quarters, SEC)

Ownership (NN)

Insider Ownership+22.55%
Institutional Ownership+61.85%
Shares Outstanding168.81M
Float116.53M
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 & PresidentMariam Sorond
Chief Financial OfficerTimothy A. Gray
Co-Founder, Senior VP & CTOArun Raghupathy
Executive VP & COOSusan Insley
Senior Vice President of Technology DevelopmentJohn 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

InvestorStake
Fortress Investment Group LLC10.76%
Clutterbuck Capital Management LLC5.31%
Susquehanna Advisors Group, Inc3.29%
Milfam LLC1.94%
PointState Capital LP1.85%
Wolf Hill Capital Management, LP1.62%
Van Eck Associates Corporation1.62%
Fidelity0.66%

Index Funds (Passive)

FundStake
BlackRock4.94%
Vanguard Group3.85%

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)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
PAYPaymentus Holdings, Inc.USD 31.02▼ 11.5%
OPAYOPay LimitedUSD 19▲ 0%
CORZCore Scientific, Inc.USD 14.24▲ 13.87%
BBBlackBerry LimitedUSD 8.19▲ 2.12%
TENBTenable Holdings, Inc.USD 47.03▼ 0.89%
RELYRemitly 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