Here are the 10-Q quarterly reports from NextNav Inc WTS 6/1/2027 (NXNVW) 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-Q covers the quarterly report filed between annual reports, so if you follow NXNVW 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 NXNVW filings page.
NextNav Inc. reported continued losses but a much stronger balance sheet for the quarter ended June 30, 2026. Revenue was $1.2 million for the quarter and $2.1 million for the first six months, down from $2.7 million in the prior-year period, while the company recorded a six‑month operating loss of $39.6 million.
Non‑operating items dominated results, including a $21.4 million debt extinguishment gain and large noncash fair value losses on warrants and derivatives. Net loss narrowed to $44.4 million for the first half of 2026 versus $121.8 million a year earlier. The balance sheet improved markedly: all $190 million of 2028 convertible notes were converted, eliminating $273.6 million of long‑term debt and turning stockholders’ equity from a $86.2 million deficit at year‑end 2025 to $334.5 million of equity. Cash and short‑term investments totaled $228.8 million, and the company states this liquidity should cover operational and capital needs for more than 12 months as it continues investing in its PNT and 5G NR “NextGen” technology and U.S. spectrum assets.
NextNav Inc. reported first-quarter 2026 results showing continued investment and narrower losses driven by non‑operating gains. Revenue was $995 thousand, down 35.3% from $1.5 million a year earlier, mainly from lower government and commercial services activity. Operating expenses rose to $20.3 million as the company increased research and development and maintained high selling, general and administrative spending, leading to an operating loss of $19.3 million.
Net loss improved to $10.6 million from $58.6 million, largely because of favorable fair value movements on warrants and its convertible notes derivative. Cash and cash equivalents were $30.6 million, with short‑term investments of $112.4 million, for total liquidity of about $143.0 million as of March 31, 2026. Long‑term debt, primarily the 5.00% senior secured convertible notes due 2028, totaled $267.2 million, and net cash used in operating activities was $10.0 million.