NASDAQ$NN
NextNav Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
NextNav Inc reported a net loss of $10.6 million for the first quarter ended March 31, 2026.
NextNav Inc recorded revenue of $1.0 million in Q1 2026, down from $1.5 million in the prior year period, primarily due to lower government contract services. The company posted an operating loss of $19.3 million and a net loss of $10.6 million, reflecting continued investment in research and development and technology evolution. Cash and cash equivalents stood at $30.6 million with short-term investments of $112.4 million, supporting ongoing operations.
- Revenue declined 35% year-over-year to $995 thousand, driven by reduced government contract activity.
- Operating expenses rose to $20.3 million, led by higher research and development spending of $5.9 million.
- Net loss narrowed significantly to $10.6 million from $58.6 million in Q1 2025 due to favorable changes in fair value of derivative liabilities.
- Cash position remained strong at $143.0 million including marketable securities, providing runway beyond 12 months.
Headline financials
Revenue & EPS history
NextNav · Revenue · Quarterly
$995K
Revenue by segment
NextNav · $995K total across 1 segment · Q1 2026
- Commercial Services$995K—100.0%
Forward guidance
The company expects to continue incurring losses while investing in R&D and PNT networks but believes existing cash and marketable securities are sufficient for at least the next 12 months.
Tailwinds
- Strong liquidity position with $143 million in cash and investments
- Progress on 5G NR technology evolution and FCC petition
Headwinds
- Ongoing net losses and negative cash flow from operations
- Dependence on regulatory approvals and partnerships for NextGen deployment
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.8%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
45%
10 / 22 earnings
Positive
+30.7%
Q1 2023
Best reaction
-19.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.5% | +8.6% | — | |
| Q4 2025 | +12.9% | +10.7% | +35.3% | |
| Q3 2025 | +6.0% | +6.4% | +34.3% | |
| Q2 2025 | -10.2% | -5.8% | +2.7% | |
| Q1 2025 | -5.7% | -4.6% | -14.9% | |
| Q4 2024 | +9.1% | +15.6% | +17.8% | |
| Q3 2024 | -5.0% | +1.4% | +12.8% | |
| Q2 2024 | -7.3% | -9.9% | -12.9% | |
| Q1 2024 | -6.1% | -13.2% | -13.3% | |
| Q4 2023 | -19.1% | -9.7% | +41.4% | |
| Q3 2023 | +0.8% | -1.9% | -18.5% | |
| Q2 2023 | +12.8% | +36.7% | +29.9% | |
| Q1 2023 | +30.7% | +13.3% | +25.2% | |
| Q4 2022 | -14.0% | -11.5% | -1.0% | |
| Q3 2022 | +8.7% | +7.1% | -11.9% | |
| Q2 2022 | +15.7% | +5.8% | +17.4% | |
| Q1 2022 | -2.9% | -8.6% | -54.3% | |
| Q4 2021 | -6.8% | -13.7% | -12.2% | |
| Q2 2021 | -6.8% | -13.7% | -12.2% | |
| Q3 2021 | +0.2% | +7.5% | -20.8% | |
| Q1 2021 | -0.5% | +0.2% | +0.7% | |
| Q4 2020 | -0.4% | +0.3% | +0.5% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro