NextNav Inc【NN】株式ニュース

NextNav Joins OCUDU Ecosystem Foundation to Advance Open Source 5G and 6G Integrated Sensing and PNTMay 14, 2026 12:26 PM
Business Wire NextNav will help advance network-native PNT and ISAC capabilities within the OCUDU Ecosystem Foundation’s open source RAN stack, supporting the evolution of positioning and timing technologies for 5G and 6G networks. NextNav Inc. (Nasdaq: NN), a leader in next-generation terrestrial positioning, navigation, and timing (PNT) and 3D geolocation solutions, today announced it has joined the OCUDU Ecosystem Foundation, a collaborative initiative hosted by the Linux Foundation to advance open, secure, and interoperable Open RAN centralized unit and distributed unit (CU/DU) implementations. The OCUDU Ecosystem Foundation provides a critical mechanism for industry vendors to optimally guide OCUDU development to support 5G and early AI Native 6G services. As a member, NextNav will collaborate with the OCUDU Ecosystem Foundation community to shape the development, validation, and adoption of the 3GPP Positioning Reference Signal (PRS) within the Foundation’s OCUDU Technical Project code base — extending the open source RAN stack to natively support Integrated Sensing and Communications (ISAC) and PNT use cases in 5G and future 6G networks. NextNav brings almost 20 years of PNT technology development, including field-validated experience from operating the world’s first 5G PNT network, launched in Santa Clara, California. "Resilient PNT is a national security imperative. We're excited to partner with the OCUDU Ecosystem Foundation and the Department of War's FutureG Office to make ISAC and PNT built-in features of wireless networks," said Santanu Dasgupta, NextNav's Vice President of Product Development. "Scaling this requires an open, trusted foundation the whole industry can build on. Joining OCUDU brings NextNav's technology into a broader community, ensuring PRS-based ISAC and PNT become native capabilities in open source 5G and 6G networks.” By embedding PRS capabilities into an open source foundation, NextNav and the OCUDU Technical Project aim to accelerate a triple-purpose vision for public cellular, private wireless, and hybrid terrestrial/satellite networks, serving as a complement and backup to GPS. “OCUDU EF was created to bring the industry together around open, secure, and interoperable CU/DU implementations for Open Source RAN,” said Arpit Joshiura, SVP and general manager, Networking, Edge and IoT, the Linux Foundation. “We’re pleased to welcome NextNav to the OCUDU Ecosystem Foundation and look forward to their contributions as we continue building a collaborative, vendor-neutral ecosystem that can accelerate real-world adoption of Open Source RAN infrastructure.” A key objective of OCUDU Ecosystem Foundation is to create a public-private commercial and research ecosystem and an open source stack for open source CU and DU (part of Open source RAN) aimed at delivering the open source RAN infrastructure that will power the AI-native networks of the future. That vision is precisely where AI and the physical world converge. As AI systems increasingly depend on accurate knowledge of where and when events occur in the real world, resilient positioning and timing is quickly becoming foundational infrastructure. OCUDU Ecosystem Foundation's AI-native Open Source RAN roadmap reflects that reality. PRS integration is a natural fit for enabling Physical AI, integrated sensing, and AI-driven optimization capabilities that will protect national security, public safety, and the economy. About NextNav
NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com. For more information, please visit https://nextnav.com/ or follow NextNav on X at https://x.com/NextNav or LinkedIn at https://www.linkedin.com/company/nextnav/. Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe”, or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of NextNav’s management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, including, but not limited to, the following factors: the failure to realize the anticipated benefits and commercial acceptance of NextNav’s technology in various industries (e.g., public safety, mobility, logistics); the possibility of difficulties or delays in the development, deployment, or integration of NextNav’s network and related software; adverse future regulatory developments, including potential actions by the Federal Communications Commission (FCC) or other governmental agencies affecting spectrum allocation, location-based services, the use of licensed spectrum or requirements for E911 compliance; and NextNav’s ability to execute its business plan, manage growth, and achieve or sustain profitability. These are only some of the factors that may affect the forward-looking statements contained herein. For additional factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see the company’s filings with the Securities and Exchange Commission, including, but not limited to, “Risk Factors” in the company’s most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. If any of these risks materialize or NextNav’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any such statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, except where required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514111911/en/ Investor Contact:
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NNmedia@nextnav.com Original: NextNav Joins OCUDU Ecosystem Foundation to Advance Open Source 5G and 6G Integrated Sensing and PNT

NextNav Inc. Reports Fourth Quarter and Full Year 2025 Results and Operational HighlightsMarch 17, 2026 4:05 PM
Business Wire
NextNav confident FCC moving toward near-term NPRM

NextNav Inc. (NASDAQ: NN) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported its financial results and operational updates for the quarter ended and full year December 31, 2025.

“We are confident the Federal Communications Commission (FCC) is moving toward a Notice of Proposed Rulemaking (NPRM) in the near term, supported by a robust and well-developed record with a path to a Report and Order,” said Mariam Sorond, CEO of NextNav. “FCC Chairman Brendan Carr’s recent submission of a PNT rulemaking to the Office of Management and Budget represents an important milestone achieved in rapid time, reflecting extraordinary momentum under this Administration. We applaud Chairman Carr for moving forward to fulfill an Administration priority delivering a resilient terrestrial complement and backup to GPS?.”

Operational Highlights

On February 27, 2026, NextNav announced the expansion of its Board with the appointment of seasoned technology and national security leader, Lisa Hook, as Lead Independent Director. Details can be found here.

On January 27, 2026, CTIA announced that Mariam Sorond has joined its Board of Directors. Details can be found here.

On December 16, 2025, NextNav announced an expanded partnership with Japan’s MetCom, reflecting global demand for resilient, terrestrial PNT solutions. Details can be found here.

On December 11, 2025, NextNav announced it would commence localized operation of the world’s first 5G-powered PNT Network for temporary testing purposes, marking a major step toward commercialization. Details can be found here.

Financial Highlights

Balance Sheet: As of December 31, 2025, the Company had $152.1 million in cash and cash equivalents and short-term investments. Net long-term debt of $273.6 million includes derivative liability of $115.8 million, and is net of unamortized discount of $32.2 million, with a face value of $190 million.

Conference Call Information

NextNav will host a conference call for analysts and investors at 5:00 pm ET on Tuesday, March 17, 2026.

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://events.q4inc.com/attendee/726470683. After registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast.

To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/.

To receive replay details, please register through the link above. After registering for replay details, each participant will be provided with call details and access codes to listen to the call playback.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation’s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com.

For more information, please visit https://nextnav.com/ or follow NextNav on X at https://x.com/NextNav or LinkedIn at https://www.linkedin.com/company/nextnav/.

Source: NextNav

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe”, or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of NextNav's management and are not predictions of actual performance.

These forward-looking statements are also subject to a number of risks and uncertainties, including, but not limited to, the following factors: the failure to realize the anticipated benefits and commercial acceptance of NextNav's technology in various industries (e.g., public safety and mobility); the possibility of difficulties or delays in the development, deployment, or integration of NextNav's assets, network, software or other technology, including its next generation terrestrial 3D PNT technology; adverse future regulatory developments, including potential action or inaction by the Federal Communications Commission (FCC) or other governmental agencies with respect to NextNav’s pending petition for rulemaking with the FCC, or otherwise affecting spectrum allocation, location-based services, the use of licensed spectrum or requirements for E911 compliance; and NextNav's ability to execute its business plan, including partnering with mobile network operators to execute its long-term business strategy, to manage growth, and to achieve or sustain profitability. Despite the Company’s belief that its petition for rulemaking before the FCC will be favorably resolved in a timely manner, the process with respect to an NPRM and subsequent Report and Order is complex and dependent on coordination across multiple federal government stakeholders, satisfaction of any conditions that might be placed on NextNav, and other factors. Consequently, there can be no assurance that the outcome of this process will be timely or successful.

These are only some of the factors that may affect the forward-looking statements contained herein. For additional factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see the company's filings with the Securities and Exchange Commission including, but not limited to, "Risk Factors" in the company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. If any of these risks materialize or NextNav's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any such statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, except where required by law.

NEXTNAV INC.

CONSOLIDATED BALANCE SHEETS

December 31,

2025

2024

(in thousands)

Assets

Current assets:

Cash and cash equivalents

$

44,757

$

39,330

Short term investments

107,381

40,785

Accounts receivable

2,346

3,301

Other current assets

2,927

2,629

Total current assets

$

157,411

$

86,045

Property and equipment, net of accumulated depreciation of $16,458 and $13,716 at December 31, 2025 and 2024, respectively

11,763

17,974

Operating lease right-of-use assets

14,856

17,368

Goodwill

19,161

16,966

Intangible assets, net

42,167

9,589

Other assets

1,661

13,798

Total assets

$

247,019

$

161,740

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

$

661

$

858

Accrued expenses and other current liabilities

8,560

8,536

Operating lease current liabilities

2,673

2,462

Deferred revenue

491

288

Total current liabilities

$

12,385

$

12,144

Warrants

33,167

28,707

Operating lease noncurrent liabilities

12,337

14,352

Long-term debt, net

273,589

54,621

Other long-term liabilities

1,776

1,795

Total liabilities

$

333,254

$

111,619

Stockholders’ equity:

Common Stock, authorized 500,000,000 shares; 135,504,497 and 131,268,940 shares issued and 135,372,269 and 131,136,712 shares outstanding at December 31, 2025 and 2024, respectively

$

15

$

14

Additional paid-in capital

961,991

912,241

Accumulated other comprehensive income

3,811

665

Accumulated deficit

(1,051,359)

(862,106)

Common stock in treasury, at cost, 132,228 shares at both December 31, 2025 and December 31, 2024.

(693)

(693)

Total stockholders’ equity (deficit)

$

(86,235)

$

50,121

Total liabilities and stockholders’ equity

$

247,019

$

161,740

NEXTNAV INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

Year Ended December 31,

2025

2024

(in thousands, except per share amounts)

Revenue

$

4,573

$

5,669

Operating expenses:

Cost of goods sold (exclusive of depreciation and amortization)

8,540

10,777

Research and development

18,952

16,242

Selling, general and administrative

39,563

33,510

Depreciation and amortization

7,750

5,238

Total operating expenses

$

74,805

$

65,767

Operating loss

(70,232)

(60,098)

Other income (expense):

Interest expense, net

(12,443)

(9,401)

Debt extinguishment loss

(14,434)

—

Change in fair value of warrants

(5,701)

(33,177)

Change in fair value of derivative liability

(77,184)

—

Other income (loss), net

(9,061)

970

Loss before income taxes

$

(189,055)

$

(101,706)

Provision for income taxes

(198)

(173)

Net loss

$

(189,253)

$

(101,879)

Foreign currency translation adjustment

3,146

(1,533)

Comprehensive loss

$

(186,107)

$

(103,412)

Net loss

$

(189,253)

$

(101,879)

Net loss attributable to common stockholders

$

(189,253)

$

(101,879)

Weighted average of shares outstanding – basic and diluted

132,866

121,500

Net loss attributable to common stockholders per share – basic and diluted

$

(1.42)

$

(0.84)

NEXTNAV INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,

2025

2024

(in thousands)

Operating activities

Net loss

$

(189,253)

$

(101,879)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

7,750

5,238

Equity-based compensation

16,637

13,856

Change in fair value of warrants

5,701

33,177

Debt extinguishment loss

13,734

—

Issuance of common warrants

9,006

—

Change in fair value of derivative liability

77,184

—

Change in fair value of asset purchase agreement liability

—

(966)

Realized and unrealized gain on short term investments

(3,066)

(888)

Equity method investment (gain)loss

(58)

175

Asset retirement obligation accretion

104

76

Amortization of debt discount

9,566

6,174

Changes in operating assets and liabilities:

Accounts receivable

955

(969)

Other current assets

(231)

388

Other assets

167

110

Accounts payable

(197)

467

Deferred revenue

203

(9)

Accrued expenses and other liabilities

362

5,990

Operating lease right-of-use assets and liabilities

691

1,052

Net cash used in operating activities

$

(50,745)

$

(38,008)

Investing activities

Purchases of network assets, property, and equipment

(50)

(350)

Purchase of equity method investment

(550)

—

Purchase of internal use software

(424)

(442)

Purchase of marketable securities

(281,530)

(82,443)

Sale and maturity of marketable securities

218,000

46,500

Payment for asset purchase agreement liability

—

(2,732)

Net cash used in investing activities

$

(64,554)

$

(39,467)

Financing activities

Proceeds from 2028 senior convertible notes

190,000

—

Repayment of 2026 senior secured notes

(70,700)

—

Payments towards debt issuance cost

(1,517)

—

Payments towards debt

(116)

(111)

Proceeds from exercise of common stock options

1,957

3,787

Proceeds from exercise of common warrants

858

31,387

Redemption of non-controlling interests

—

40

Net cash provided by financing activities

$

120,482

$

35,103

Effect of exchange rates on cash and cash equivalents

244

(176)

Net increase (decrease) in cash and cash equivalents

5,427

(42,548)

Cash and cash equivalents at beginning of period

39,330

81,878

Cash and cash equivalents at end of period

$

44,757

$

39,330

Supplemental disclosures

Issuance of shares for asset purchase agreement

$

20,394

$

—

Issuance of warrants

$

9,006

$

—

Interest paid in cash

$

8,694

$

3,502

Reclassification of warrant liability to common stock warrants

$

1,241

$

11,523

Income taxes paid, net

$

186

$

195

Interest paid in shares

$

—

$

3,842

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317607453/en/
Sloane & Company

nextnav@sloanepr.com

Original: NextNav Inc. Reports Fourth Quarter and Full Year 2025 Results and Operational Highlights