Here are the 10-K annual reports from NextNav Inc. (NN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NN filings page.
NextNav Inc. filed its annual report describing a growing positioning, navigation and timing business built to complement and back up GPS, alongside widening losses. The company offers Pinnacle z‑axis altitude services and TerraPoiNT terrestrial PNT, while developing its 5G New Radio–based NextGen platform.
NextNav holds FCC licenses covering 12 MHz of low‑band spectrum, including a contiguous 8 MHz Lower 900 MHz block reaching over 90% of the U.S. population, and relies heavily on partnerships such as AT&T’s FirstNet for hosting and distribution. It reported net losses of $189.3 million, $101.9 million and $71.7 million for 2025, 2024 and 2023, and does not expect near‑term profitability.
Management believes existing cash, cash equivalents and marketable securities as of December 31, 2025 will fund operations and capital needs for more than 12 months, but longer‑term plans assume additional equity or debt financing. The business depends on FCC approval of its Lower 900 MHz petition and on securing 5G partnerships, while facing intense competition, technology execution risk, cybersecurity and regulatory challenges highlighted in extensive risk factors.