NXNVW NEXTNAV INC.
Price Chart
Executive Summary
NextNav reported Q1 2026 revenue of $995K, down 35% YoY and narrowly above $944K consensus, while operating loss widened to $19.3M from $17.0M. Net loss improved to $10.6M ($0.08/share) from $58.6M due to non-cash fair value gains, but core cash burn continues. The warrant (NXNVW) is indirectly affected by the deteriorating fundamentals and ongoing regulatory uncertainty.
Key Financial Metrics
Actionable Insight
Warrant holders should monitor FCC decision timeline as primary catalyst; the underlying revenue decline and cash burn rate of ~$10M/quarter suggest limited runway (~3.6 quarters with $143M cash) absent a regulatory or commercial catalyst.
Key Facts
- Revenue $995K vs $1.54M Q1 2025, down 35.3% YoY
- Operating loss widened to $19.3M from $17.0M
- Net loss per share $(0.08) basic, vs $(0.45) in prior year
- Cash and short-term investments $143M; net debt $267.2M
- Operating cash outflow $10.0M in Q1 2026
- FCC rulemaking remains the primary catalyst; no guidance provided
Financial Impact
Revenue decline of 35% YoY; net loss improved due to non-cash items, but cash burn persists
Risk Factors
- FCC rulemaking delay or unfavorable outcome
- Continued cash burn without revenue growth
- Dilution from convertible notes and warrants
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001554855-26-001044 |
| Document: nn-20260514.htm | 0001554855-26-001044 |
| Document: 0001554855-26-001044-index-headers.html | 0001554855-26-001044 |
| Document: 0001554855-26-001044-index.html | 0001554855-26-001044 |
| Document: 0001554855-26-001044.txt | 0001554855-26-001044 |
| 8-K Data (Synthetic) | 0001554855-26-001044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 27, 2026
18d ago
|
8-K
| — | awaiting T+20 | — | — |
|
May 26, 2026
19d ago
|
S-3ASR
| — | awaiting T+20 | — | — |
|
May 14, 2026
4w ago
|
8-K
| — | awaiting T+20 | — | — |
|
Apr 8, 2026
9w ago
|
DEFA14A
| — | awaiting T+20 | — | — |
US Market Status
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