NextNav Inc (NN)

NextNav Announces Redemption of 5.00% Senior Secured Convertible NotesJune 15, 2026 4:02 PM
Business Wire NextNav Inc. (NASDAQ: NN) (“NextNav or the “Company”) a leader in next-generation 3D positioning, navigation, and timing (PNT) solutions, today announced that it has delivered a notice of redemption for all of its outstanding 5.00% Senior Secured Convertible Notes due 2028 (the “Notes”). The Notes will be redeemed on June 25, 2026 (the “Redemption Date”), at a price equal to 100% of their principal amounts, plus accrued but unpaid interest (the “Redemption Price”), in accordance with the terms of the governing Note documents. Under the terms of the Notes, the Company is entitled to redeem the Notes if the closing price of NextNav's common stock exceeds 160% of the conversion price of the Notes for at least 20 trading days during any consecutive 30-trading-day period ending on, and including the trading day immediately preceding the date the Company provides notice of redemption. The Company has determined that these redemption conditions have been satisfied. As of June 15, 2026, approximately $186.5 million in aggregate principal amount of Notes was outstanding, subject to adjustment in the event of conversions during the pendency of the redemption. Holders of the Notes may elect to convert their Notes in accordance with the terms of the governing Note documents at any time prior to the close of business on the second trading day immediately prior to the Redemption Date. Any Notes not converted prior to the applicable deadline will be redeemed for the Redemption Price on the Redemption Date and will thereafter be canceled and cease to be outstanding. "With the redemption of these Notes, we continue to simplify the balance sheet and enhance financial flexibility as we continue advancing our strategy to deliver a terrestrial complement and backup to GPS," said Tim Gray, CFO of NextNav. Holders of Notes should direct any questions concerning the redemption process or conversion procedures to GLAS Trust Company LLC Limited at clientservices.usadcm@glas.agency. General questions concerning the redemption may be directed to the Company's investor relations team at ir@nextnav.com. No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, any of the Company's securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities laws of any such state or other jurisdiction. 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
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements include, but are not limited to, statements regarding the redemption of the Notes. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of the Company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the Company’s Quarterly Reports on Form 10-Q and in the Company’s other filings with the U.S. Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the Company on the date hereof. NextNav undertakes no duty to update this information unless required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615853060/en/ Company Contact
IR@nextnav.com Original: NextNav Announces Redemption of 5.00% Senior Secured Convertible Notes

NextNav Aims for Safe Drone-dominant Future with GSMA and Industry PartnersJune 10, 2026 11:00 AM
Business Wire NextNav will collaborate in drone ecosystem for safe, trusted, scalable drone operations in expanding market NextNav Inc. (Nasdaq: NN), a leader in next-generation terrestrial positioning, navigation, and timing (PNT) and 3D geolocation solutions, today announced it has joined GSMA and industry partners in an industry-first call to action bringing together leaders from telecommunications, aviation, security, and drone operations to help shape the future for safer drone airspaces. The Joint Requirements Statement, developed through the GSMA Fusion initiative, sets out how mobile networks and programmable network capabilities can support safe, trusted, and scalable drone operations as the market grows. “NextNav supports American drone dominance and looks forward to partnering with GSMA and industry partners to ensure safe drone airspaces,” said Deepak Joseph, NextNav’s Vice President of Product Management. “Resilient, accurate 3D PNT technology enabled by mobile networks is critical for airspace safety, including navigation. NextNav is committed to improving the availability and continuity of low-altitude 3D positioning, delivering widescale horizontal and vertical location information to support unmanned aircraft systems operations in a growing commercial market.” The statement outlines how mobile networks can evolve to play a strategic role in enabling trusted low altitude aviation through several capabilities, including secure positioning and geolocation and resilient multi-layer connectivity through terrestrial networks. It further highlights the growing urgency for industry alignment as governments, regulators, and aviation authorities worldwide accelerate work on beyond visual line of sight drone operations, drone first responder programs, autonomous aviation systems, and future passenger carrying eVTOL aircraft. With nearly 20 years of PNT technology development, NextNav is prepared to rapidly deliver dual-use capabilities that directly support President Trump’s drone dominance objectives. Earlier this year, NextNav filed comments in the Federal Communications Commission’s (FCC) proceeding in support of President Trump’s national strategy of American drone dominance, discussing the role its 5G-powered 3D PNT and sensing solution could play in safe UAS operations. “The drone market is scaling far faster than many of today’s airspace and identification frameworks were originally designed for,” said Barney Stinton, Market Development Lead, Aviation at GSMA Fusion. “This Joint Requirements Statement is an important signal from industry that mobile networks have a major role to play in supporting safe, trusted, and interoperable drone operations at scale.” NextNav will continue to collaborate with other participants, including through discussions with additional aviation stakeholders, operators, regulators, and standards bodies. The Joint Requirements Statement will be presented through ongoing GSMA Fusion industry engagement activities. 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/. View source version on businesswire.com: https://www.businesswire.com/news/home/20260610983296/en/ Investor Contact:
IR@nextnav.com Media Contact:
NNmedia@nextnav.com Original: NextNav Aims for Safe Drone-dominant Future with GSMA and Industry Partners

NextNav to Participate in TD Cowen Disruptive Technology SummitJune 9, 2026 4:00 PM
Business Wire NextNav Inc. (Nasdaq: NN), a leader in next-generation terrestrial Positioning, Navigation, and Timing (PNT) and 3D geolocation solutions, today announced that Chief Financial Officer, Tim Gray, will participate in the TD Cowen Disruptive Technology Summit, held in New York, NY on June 17th, 2026. To schedule a meeting with NextNav, please reach out to your TD Cowen representative. 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/. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609943187/en/ Investor Contact:
IR@nextnav.com Media Contact:
NNmedia@nextnav.com Original: NextNav to Participate in TD Cowen Disruptive Technology Summit

NextNav Demonstrates Exceptional First-Ever Wireless Indoor Timing Solution for Critical InfrastructureMay 19, 2026 5:09 PM
Business Wire 5G-Based Timing Delivery of 20 Nanosecond Synchronization Exceeds International Timing Standards and Critical Infrastructure Requirements NextNav Inc. (Nasdaq: NN), a leader in next-generation terrestrial positioning, navigation, and timing (PNT) and 3D geolocation solutions, today announced real-world field validation of timing accuracy of approximately 20 nanoseconds (billionths of a second) using Positioning Reference Signals (PRS) transmitted by its operational 5G PNT Network in Santa Clara County, CA. The field validation was conducted over-the-air in both outdoor and indoor environments, including GPS-denied locations. The timing results demonstrate how NextNav’s planned 5G-powered 3D PNT solution in the lower 900 MHz band can deliver timing information to serve critical infrastructure needs. NextNav’s solution is capable of reaching locations where GPS may be unavailable, such as indoors, in urban canyons, or in GPS-denied environments. The timing accuracy performance significantly exceeds the 100-nanosecond requirement for critical infrastructure applications, and the stability meets key international timing standards like ITU PRTC Telecom Mask B. "This is an important proof point for our commercial readiness and shows that NextNav can deliver the timing accuracy and stability required for a range of mission-critical capabilities, including some of the most demanding, such as AI data centers, electric utilities, telecom networks, public safety, and national security applications,” said Arun Raghupathy, Co-Founder and CTO at NextNav. “Precise timing is a foundational layer for the critical infrastructure powering the modern economy, and these results show our standards-based terrestrial 5G-powered 3D PNT solution can serve as an important complement and backup to GPS.” For more information on these timing results, NextNav released a blog following the company’s presentation on May 6, 2026, at the Workshop on Synchronization and Timing Systems (WSTS), hosted by the Alliance for Telecommunications Industry Solutions. 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,” “seek,” “target,” 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 and are not predictions of actual performance. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the following factors: difficulties, delays, or unforeseen challenges in the development, deployment, operation, or integration of NextNav’s network, assets, software, or other technologies, including its next-generation terrestrial 3D PNT technology; adverse regulatory developments, including action or inaction by the Federal Communications Commission (“FCC”) or other federal or state governmental authorities affecting spectrum allocation, location-based services, the use of licensed spectrum, or E911 or related requirements; the outcome and timing of NextNav’s pending petition for rulemaking before the FCC and the possibility that the FCC may not issue a notice of proposed rulemaking (“NPRM”), may delay or decline to adopt a subsequent report and order (“R&O”), or may adopt rules that differ materially from those sought by NextNav; and NextNav’s ability to execute its business plan, including entering into and maintaining strategic partnerships, managing growth, and achieving or sustaining profitability. These factors are not exhaustive. Additional risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are described in NextNav’s filings with the Securities and Exchange Commission, including, but not limited to, the “Risk Factors” section of NextNav’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519259411/en/ Investor Contact:
IR@nextnav.com Media Contact:
NNmedia@nextnav.com Original: NextNav Demonstrates Exceptional First-Ever Wireless Indoor Timing Solution for Critical Infrastructure

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:
IR@nextnav.com Media Contact:
NNmedia@nextnav.com Original: NextNav Joins OCUDU Ecosystem Foundation to Advance Open Source 5G and 6G Integrated Sensing and PNT

NextNav Announces Date for First Quarter 2026 Earnings CallApril 29, 2026 4:05 PM
Business Wire
NextNav Inc. (“NextNav”) [NASDAQ: NN], a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced that it will release its financial results for the first quarter ended March 31, 2026 after market close on Thursday, May 14, 2026, and will host a conference call on the same day at 5:00 PM ET to discuss its results.


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/572943920. 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

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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429432670/en/
Investor Contact:

IR@nextnav.com


Original: NextNav Announces Date for First Quarter 2026 Earnings Call

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

NextNav to Participate in the 38th Annual Roth ConferenceMarch 11, 2026 4:31 PM
Business Wire
NextNav Inc. (Nasdaq: NN), a leader in next-generation terrestrial Positioning, Navigation, and Timing (PNT) and 3D geolocation solutions, today announced that Chief Financial Officer, Tim Gray, will participate in the Roth 38th Annual Conference, held in Laguna Niguel, CA on March 23rd-24th, 2026.


To schedule a meeting with NextNav, please reach out to your Roth representative.


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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311023270/en/
Investor Contact:

IR@nextnav.com


Media Contact:

NNmedia@nextnav.com


Original: NextNav to Participate in the 38th Annual Roth Conference

NextNav Announces Date for Fourth Quarter and Full Year 2025 Earnings CallMarch 2, 2026 4:05 PM
Business Wire
NextNav Inc. (“NextNav”) [NASDAQ: NN], a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2025 after market close on Tuesday, March 17, 2026, and will host a conference call on the same day at 5:00 PM ET to discuss its results.


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


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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302872357/en/
Investor Contact:

IR@nextnav.com


Original: NextNav Announces Date for Fourth Quarter and Full Year 2025 Earnings Call

NextNav Appoints Lisa Hook to Board of DirectorsFebruary 27, 2026 11:53 AM
Business Wire
NextNav Expands Board with Appointment of Seasoned Technology and National Security Leader


NextNav Inc. (NASDAQ:NN), a leader in next-generation terrestrial Positioning, Navigation, and Timing (PNT) and 3D geolocation solutions, today announced the appointment of Lisa Hook to its Board of Directors, effective February 24, 2026. Ms. Hook will also serve as Lead Independent Director and has been appointed as a member of the Company’s Technology and National Defense and Compensation and Human Capital Committees.


“I am delighted to welcome Lisa to the NextNav Board of Directors,” said Mariam Sorond, NextNav’s Chief Executive Officer and Board Chair. “Her leadership in global information services and deep expertise in telecommunications policy make her an ideal partner as NextNav advances a resilient, terrestrial complement and backup to GPS and addresses one of America’s most urgent national security vulnerabilities.”


“NextNav is tackling a critical gap in our national security infrastructure, and the urgency of that mission is what drew me to this role,” said Lisa Hook, newly appointed Board Member. “I look forward to working with Mariam and the team as they execute on their vision for a resilient, terrestrial 5G 3D positioning and timing solution that America needs.”


Ms. Hook is Managing Partner of Two Island Partners LLC, a private equity and consulting firm. She previously served as President and CEO of Neustar, Inc., a publicly traded global information services company focused on cloud-based analytics for risk and security, from 2010 to 2018 and has also held executive positions at America Online and Time Warner. Earlier in her career, she served as a legal advisor at the Federal Communications Commission and General Counsel of the Cable Group at Viacom International. Since 2012, she has also served on the National Security Telecommunications Advisory Committee. Ms. Hook brings more than 30 years of public company board experience and currently serves on the boards of Nokia Corporation and Fidelity National Information Services (FIS), and as Lead Independent Director of Philip Morris International.


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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260227515304/en/
Investor Contact: 

IR@nextnav.com 

 

Media Contact: 

NNmedia@nextnav.com 


Original: NextNav Appoints Lisa Hook to Board of Directors

NN, just under a 52 week high

NN under $8

$NN somebody needs tell #WallStreetBets about MASSIVE short in name

NN 7 dollar beating the market

NN...LETS SEE 7 DOLLA

NN...BLOWING UP

NN...BREAKING 6.00...MONSTER

NN...HERE COMES 6.00

NN BREAK OUT UNDERWAY...MONSTER!

NN...MONSTER CLOSE

NN..AMAZING TREND TAKING PLACE HERE...SLOW AND STEADY AND NOT A PEEP!!!

NN...READY TO TEST 6.00

NN...HEE WE GO!

NN...HERE WE GO

NN...MONSTER IN THE MAKING

NN..THE NEXT WAVE IS HERE

NN ready to push into close

NN next stop 5.28

NN. Here we go. Monster in the making

NN…here we go 3D GPS is the next technological wonder

OUT KC…in NN. Nice company

Breaking thru res. Up up up,big jump up coming on squeeze?