NextNav (NASDAQ:NN) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

NextNav (NASDAQ:NN) released its earnings results on Thursday. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03, FiscalAI reports. The business had revenue of $1.00 million for the quarter, compared to analyst estimates 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 Performance

Shares of NextNav stock opened at $22.18 on Friday. NextNav has a 52 week low of $10.84 and a 52 week high of $24.19. The stock has a 50 day moving average price of $17.89 and a two-hundred day moving average price of $16.05. The stock has a market capitalization of $3.02 billion, a PE ratio of -14.40 and a beta of 1.03.

Insider Transactions at NextNav

In other NextNav news, CAO Sammaad Shams sold 3,945 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $19.54, for a total value of $77,085.30. Following the completion of the sale, the chief accounting officer owned 72,950 shares of the company’s stock, valued at approximately $1,425,443. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel James S. Black sold 9,429 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $17.97, for a total value of $169,439.13. Following the completion of the sale, the general counsel directly owned 93,566 shares of the company’s stock, valued at $1,681,381.02. This trade represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 101,133 shares of company stock worth $1,733,594. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextNav

A number of hedge funds have recently added to or reduced their stakes in the company. Susquehanna Advisors Group Inc. boosted its position in shares of NextNav by 1.4% during the fourth quarter. Susquehanna Advisors Group Inc. now owns 5,482,340 shares of the company’s stock valued at $91,226,000 after buying an additional 74,995 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NextNav by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 2,268,473 shares of the company’s stock valued at $37,754,000 after buying an additional 100,058 shares during the last quarter. State Street Corp boosted its position in shares of NextNav by 1.9% during the fourth quarter. State Street Corp now owns 2,171,877 shares of the company’s stock valued at $36,140,000 after buying an additional 40,762 shares during the last quarter. Plustick Management LLC boosted its position in shares of NextNav by 1.3% during the fourth quarter. Plustick Management LLC now owns 2,065,818 shares of the company’s stock valued at $34,375,000 after buying an additional 25,818 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of NextNav by 1.7% during the third quarter. Ancora Advisors LLC now owns 1,907,585 shares of the company’s stock valued at $27,278,000 after buying an additional 32,224 shares during the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextNav in a research note on Tuesday, April 21st. Oppenheimer raised NextNav from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Thursday, April 16th. B. Riley Financial reaffirmed a “buy” rating on shares of NextNav in a research note on Thursday, April 23rd. Wall Street Zen cut NextNav from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. Finally, UBS Group set a $25.00 target price on NextNav in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NextNav has an average rating of “Hold” and a consensus target price of $25.00.

About NextNav

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.