NextNav (NASDAQ:NN) Announces Quarterly Earnings Results

NextNav (NASDAQ:NN) released its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.03, FiscalAI reports. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.94 million.

Here are the key takeaways from NextNav’s conference call:

• NextNav said the FCC has formally advanced a Notice of Proposed Rulemaking on resilient PNT technologies, which management called a critical milestone for a GPS backup/complement strategy.
• The company highlighted continued progress on network and coexistence testing, including FCC-granted experimental authorizations in Santa Clara and Pueblo and a live RFID coexistence demo that it says showed no operational impact.
• Management acknowledged rising opposition and political scrutiny around the proceeding, but said it remains engaged with the FCC, other agencies, and stakeholders as interagency review continues.
• NextNav emphasized expanding strategic opportunities around drones, sensing, and AI-related spectrum demand, including its OCUDU Ecosystem Foundation membership and discussions with carriers, satellite operators, and big tech.
• Financially, the company ended Q1 2026 with about $143 million in cash and short-term investments and reported a $10.6 million net loss, partially offset by a $12.6 million non-cash gain tied to warrant and derivative revaluation.

NextNav Stock Down 3.1%

Shares of NextNav stock opened at $21.49 on Friday. The stock’s 50-day simple moving average is $18.00 and its 200-day simple moving average is $16.09. NextNav has a 52 week low of $10.84 and a 52 week high of $24.19. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -17.76 and a beta of 1.03.

Insiders Place Their Bets

In other news, CAO Sammaad Shams sold 3,945 shares of the business’s stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $19.54, for a total value of $77,085.30. Following the transaction, the chief accounting officer directly owned 72,950 shares in the company, valued at $1,425,443. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy Gray sold 1,405 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $18.11, for a total value of $25,444.55. Following the completion of the transaction, the chief financial officer owned 131,786 shares in the company, valued at $2,386,644.46. The trade was a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,133 shares of company stock valued at $1,733,594 over the last three months. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On NextNav

Several large investors have recently made changes to their positions in NN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NextNav by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company’s stock valued at $579,000 after acquiring an additional 3,543 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of NextNav by 34.5% in the first quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company’s stock valued at $5,705,000 after acquiring an additional 120,123 shares in the last quarter. Creative Planning lifted its position in shares of NextNav by 81.5% in the second quarter. Creative Planning now owns 29,184 shares of the company’s stock worth $444,000 after buying an additional 13,109 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NextNav by 33.7% in the second quarter. JPMorgan Chase & Co. now owns 61,772 shares of the company’s stock worth $939,000 after buying an additional 15,565 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of NextNav by 23.3% in the second quarter. Legal & General Group Plc now owns 68,946 shares of the company’s stock worth $1,048,000 after buying an additional 13,027 shares in the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NN. Oppenheimer raised NextNav from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a report on Thursday, April 16th. B. Riley Financial reissued a “buy” rating on shares of NextNav in a report on Thursday, April 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of NextNav in a report on Tuesday, April 21st. Wall Street Zen raised NextNav from a “strong sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group set a $25.00 price target on NextNav in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NextNav presently has an average rating of “Hold” and an average target price of $25.00.

NextNav Company Profile

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.