NN · XBRL financial data

NextNav financial statements, every fiscal year

The same tables from 11 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NN's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1	4	4	6	5
Cost of goods and services sold	0	2	2	1	—
Research and development	9	17	20	16	19
Selling, general and administrative	14	37	30	34	40
General and administrative	—	—	—	20	24
Total operating expenses	43	69	67	66	—
Other operating income (expense)	—	0	—	—	—
Operating income (loss)	(42)	(66)	(64)	(60)	(70)
Interest expense	18	—	—	—	—
Other income (expense)	(0)	(0)	(0)	1	(9)
Income tax expense (benefit)	0	(0)	0	0	0
Net income (loss)	(145)	(40)	(72)	(102)	(189)
Earnings per share, basic USD per share	(6.73)	(0.40)	(0.66)	(0.84)	(1.42)
Earnings per share, diluted USD per share	(6.73)	(0.40)	(0.66)	(0.84)	(1.42)
Weighted average shares, basic millions of shares	0	0	108	122	0
Weighted average shares, diluted millions of shares	0	0	108	122	0

Balance sheet

CSV

Fiscal years (NN's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	100	47	82	39	45
Short-term investments	—	8	4	41	107
Accounts receivable	2	2	2	3	2
Inventory	5	—	—	—	—
Total current assets	106	61	91	86	157
Property and equipment, net	3	19	—	—	—
Right-of-use asset	—	10	19	17	15
Goodwill	—	17	18	17	19
Total assets	137	124	162	162	247
Accounts payable	0	1	0	1	1
Total current liabilities	7	9	10	12	12
Long-term debt	—	—	48	55	274
Lease liability, non-current	—	5	15	14	12
Total liabilities	37	20	82	112	333
Accumulated deficit	(648)	(688)	(760)	(862)	(1,051)
Total stockholders' equity	100	100	79	50	(86)
Total liabilities and equity	137	124	162	162	247
Common shares outstanding (cover page) millions of shares	96	107	111	131	136

Cash flows

CSV

Fiscal years (NN's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(145)	(40)	(72)	(102)	(189)
Stock-based compensation	—	—	—	14	17
Depreciation and amortization	2	4	5	5	8
Net cash from operating activities	(48)	(37)	(35)	(38)	(51)
Purchases of property and equipment	1	3	3	0	0
Net cash from investing activities	(1)	(16)	1	(39)	(65)
Proceeds from issuing common stock	0	0	—	—	—
Share repurchases	—	0	—	—	—
Proceeds from long-term debt	25	—	70	—	—
Net cash from financing activities	136	0	69	35	120
Net change in cash	86	(53)	35	(43)	5

Compare with peers

Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), then SIC 3812 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), whatever their size; consumer navigation makers are left out.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Companies after the primes are not on that list: each is there for its industry code and size, and is marked “added” with its code.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Nextnav	78	1.2	(18)*	168.8M	12.7 quarters	Q2 FY26 10-QJun 30, 2026
General Dynamics	4,388	14,566	1,710*	270.2M	—	Q3 FY26 10-QOct 4, 2026
Northrop Grumman	3,744	11,122	1,745*	142.1M	—	Q3 FY26 10-QSep 30, 2026
L3harris Technologies	2,471	6,060	1,439*	186.2M	—	Q3 FY26 10-QOct 2, 2026
Huntington Ingalls Industries	387	3,537	520*	39.4M	—	Q3 FY26 10-QSep 30, 2026
RTX	9,173	24,965	2,868*	1.3B	—	Q3 FY26 10-QSep 30, 2026
Voyager Technologiesadded: SIC 3760, similar size	554	89	(30)*	not reported	7.3 quarters	Q3 FY26 10-QSep 30, 2026
Intuitive Machinesadded: SIC 3812, similar size	367	206	(57)*	not reported	6.4 quarters	Q2 FY26 10-QJun 30, 2026
Ducommunadded: SIC 3728, similar size	40	224	34*	15.1M	—	Q2 FY26 10-QJul 4, 2026

Not investment advice. Not affiliated with the U.S. SEC.