\nNextNav 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 March 31, 2026.<\/p>\n
\n\u201cAs the FCC process continues, we are proactively addressing concerns, engaging constructively with key stakeholders, and reinforcing the strength of our technical foundation as we continue to deliver a resilient, future-proof terrestrial complement and backup to GPS,\u201d said Mariam Sorond, CEO of NextNav. \u201cAt the same time, we are building momentum toward commercialization and seeing expanded interest across the broader ecosystem. We have full trust in an FCC framework that has, time and time again, successfully resolved spectrum matters more complex than ours.\u201d<\/p>\n
Operational Highlights<\/b><\/p>\n Financial Highlights<\/b><\/p>\n Conference Call Information<\/b><\/p>\n \nNextNav will host a conference call for analysts and investors at 5:00 pm ET on Thursday, May 14, 2026.<\/p>\n \nRegistration 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<\/a>. 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.<\/p>\n \nTo access the live webcast or a replay, visit the Company\u2019s investor relations website at https:\/\/ir.nextnav.com\/<\/a>.<\/p>\n \nTo 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.<\/p>\n About NextNav Inc. \nFor more information, please visit https:\/\/nextnav.com\/<\/a> or follow NextNav on X at https:\/\/x.com\/NextNav<\/a> or LinkedIn at https:\/\/www.linkedin.com\/company\/nextnav\/<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis press release contains \u201cforward\u2011looking statements\u201d within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward\u2011looking statements can be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget,\u201d 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\u2019s management and are not predictions of actual performance.<\/p>\n \nThese forward\u2011looking statements are subject to a number of risks and uncertainties, including, but not limited to, the following factors: the failure to realize the anticipated benefits of, or achieve commercial acceptance for, NextNav\u2019s technology across targeted industries (including public safety and mobility); difficulties, delays, or unforeseen challenges in the development, deployment, operation, or integration of NextNav\u2019s network, assets, software, or other technologies, including its next\u2011generation terrestrial 3D PNT technology; adverse regulatory developments, including action or inaction by the Federal Communications Commission (\u201cFCC\u201d) or other federal or state governmental authorities affecting spectrum allocation, location\u2011based services, the use of licensed spectrum, or E911 or related requirements; the outcome and timing of NextNav\u2019s pending petition for rulemaking before the FCC and the possibility that the FCC may not issue a notice of proposed rulemaking (\u201cNPRM\u201d), may delay or decline to adopt a subsequent report and order (\u201cR&O\u201d), or may adopt rules that differ materially from those sought by NextNav; opposition to NextNav\u2019s regulatory efforts from third parties; legislative or executive branch actions, including appropriations or other measures, that could limit, condition, delay, or prevent FCC action; interagency review and coordination processes that may identify issues, impose conditions, require modifications to NextNav\u2019s proposals, or result in additional delays or a decision not to proceed with rulemaking; and NextNav\u2019s ability to execute its business plan, including entering into and maintaining strategic partnerships, managing growth, and achieving or sustaining profitability.<\/p>\n \nThese factors are not exhaustive. Additional risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward\u2011looking statements are described in NextNav\u2019s filings with the Securities and Exchange Commission, including, but not limited to, the \u201cRisk Factors\u201d section of NextNav\u2019s most recent Annual Report on Form 10\u2011K and subsequent Quarterly Reports on Form 10\u2011Q. If any of these risks materialize, or if NextNav\u2019s assumptions prove incorrect, actual results could differ materially from those contemplated by the forward\u2011looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date they are made. Except as required by law, NextNav undertakes no obligation to publicly update or revise any forward\u2011looking statements to reflect subsequent events or circumstances.<\/p>\n NEXTNAV INC.<\/b><\/p>\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n (IN THOUSANDS, EXCEPT SHARE DATA)<\/b><\/p>\n<\/td>\n<\/tr>\n March 31, 2026 (unaudited)<\/b><\/p>\n<\/td>\n December 31, 2025<\/b><\/p>\n<\/td>\n<\/tr>\n Assets<\/b><\/p>\n<\/td>\n \nCurrent assets:<\/p>\n<\/td>\n \nCash and cash equivalents<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n30,598<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n44,757<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShort term investments<\/p>\n<\/td>\n \n112,361<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n107,381<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable<\/p>\n<\/td>\n \n1,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,346<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther current assets<\/p>\n<\/td>\n \n3,523<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,927<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal current assets<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n147,862<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n157,411<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProperty and equipment, net of accumulated depreciation of $16,969 and $16,458 at March 31, 2026 and December 31, 2025, respectively<\/p>\n<\/td>\n \n11,571<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,763<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOperating lease right-of-use assets<\/p>\n<\/td>\n \n14,052<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,856<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nGoodwill<\/p>\n<\/td>\n \n18,703<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,161<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIntangible assets, net<\/p>\n<\/td>\n \n41,890<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n42,167<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther assets<\/p>\n<\/td>\n \n1,566<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,661<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n235,644<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n247,019<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Liabilities and stockholders\u2019 equity<\/b><\/p>\n<\/td>\n \nCurrent liabilities:<\/p>\n<\/td>\n \nAccounts payable<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,502<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n661<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccrued expenses and other current liabilities<\/p>\n<\/td>\n \n9,461<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,560<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOperating lease current liabilities<\/p>\n<\/td>\n \n2,506<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,673<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue<\/p>\n<\/td>\n \n633<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n491<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal current liabilities<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n14,102<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n12,385<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWarrants<\/p>\n<\/td>\n \n29,737<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,167<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOperating lease noncurrent liabilities<\/p>\n<\/td>\n \n11,773<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,337<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther long-term liabilities<\/p>\n<\/td>\n \n2,809<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,776<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLong term debt, net<\/p>\n<\/td>\n \n267,190<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n273,589<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n325,611<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n333,254<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nStockholders\u2019 equity:<\/p>\n<\/td>\n \nCommon stock, authorized 500,000,000 shares; 136,191,797 and 135,504,497 shares issued and 136,059,569 and 135,372,269 shares outstanding at March 31, 2026 and December 31, 2025, respectively<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAdditional paid-in capital<\/p>\n<\/td>\n \n969,657<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n961,991<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccumulated other comprehensive income<\/p>\n<\/td>\n \n3,034<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,811<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccumulated deficit<\/p>\n<\/td>\n \n(1,061,980<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(1,051,359<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nCommon stock in treasury, at cost; 132,228 shares at both March 31, 2026 and December 31, 2025<\/p>\n<\/td>\n \n(693<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(693<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal stockholders\u2019 equity (deficit)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(89,967<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(86,235<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities and stockholders\u2019 equity<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n235,644<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n247,019<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n NEXTNAV INC.<\/b><\/p>\n CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS<\/b><\/p>\n (UNAUDITED)<\/b><\/p>\n (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)<\/b><\/p>\n<\/td>\n<\/tr>\n Three Months Ended March 31,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n Revenue<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n995<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,539<\/p>\n<\/td>\n<\/tr>\n Operating expenses:<\/b><\/p>\n<\/td>\n \nCost of goods sold (exclusive of depreciation and amortization)<\/p>\n<\/td>\n \n2,122<\/p>\n<\/td>\n \n2,533<\/p>\n<\/td>\n<\/tr>\n \nResearch and development<\/p>\n<\/td>\n \n5,941<\/p>\n<\/td>\n \n4,038<\/p>\n<\/td>\n<\/tr>\n \nSelling, general and administrative<\/p>\n<\/td>\n \n10,741<\/p>\n<\/td>\n \n10,520<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and amortization<\/p>\n<\/td>\n \n1,534<\/p>\n<\/td>\n \n1,452<\/p>\n<\/td>\n<\/tr>\n Total operating expenses<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n20,338<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n18,543<\/p>\n<\/td>\n<\/tr>\n Operating loss<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(19,343)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(17,004)<\/p>\n<\/td>\n<\/tr>\n Other income (expense):<\/b><\/p>\n<\/td>\n \nInterest expense, net<\/p>\n<\/td>\n \n(3,913)<\/p>\n<\/td>\n \n(2,738)<\/p>\n<\/td>\n<\/tr>\n \nDebt extinguishment loss<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(14,434)<\/p>\n<\/td>\n<\/tr>\n \nChange in fair value of warrants<\/p>\n<\/td>\n \n3,430<\/p>\n<\/td>\n \n6,041<\/p>\n<\/td>\n<\/tr>\n \nChange in fair value of derivative liability<\/p>\n<\/td>\n \n9,175<\/p>\n<\/td>\n \n(24,523)<\/p>\n<\/td>\n<\/tr>\n \nOther income (loss), net<\/p>\n<\/td>\n \n86<\/p>\n<\/td>\n \n(5,863)<\/p>\n<\/td>\n<\/tr>\n Loss before income taxes<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(10,565)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(58,521)<\/p>\n<\/td>\n<\/tr>\n \nProvision for income taxes<\/p>\n<\/td>\n \n56<\/p>\n<\/td>\n \n58<\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(10,621)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(58,579)<\/p>\n<\/td>\n<\/tr>\n \nForeign currency translation adjustment<\/p>\n<\/td>\n \n(777)<\/p>\n<\/td>\n \n993<\/p>\n<\/td>\n<\/tr>\n Comprehensive loss<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(11,398)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(57,586)<\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n \n(10,621)<\/p>\n<\/td>\n \n(58,579)<\/p>\n<\/td>\n<\/tr>\n Net loss attributable to common stockholders \u2013 basic<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(10,621)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(58,579)<\/p>\n<\/td>\n<\/tr>\n Net loss attributable to common stockholders \u2013 diluted<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18,074)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(58,579)<\/p>\n<\/td>\n<\/tr>\n \nWeighted average of shares outstanding \u2013 basic<\/p>\n<\/td>\n \n135,327<\/p>\n<\/td>\n \n131,104<\/p>\n<\/td>\n<\/tr>\n \nWeighted average of shares outstanding \u2013 diluted<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n151,622<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n131,104<\/p>\n<\/td>\n<\/tr>\n Net loss attributable to common stockholders per share \u2013 basic<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.08)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.45)<\/p>\n<\/td>\n<\/tr>\n Net loss attributable to common stockholders per share \u2013 diluted<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.12)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.45)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n NEXTNAV INC.<\/b><\/p>\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/p>\n (UNAUDITED)<\/b><\/p>\n (IN THOUSANDS)<\/b><\/p>\n<\/td>\n<\/tr>\n Three Months Ended March 31,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Operating activities<\/b><\/p>\n<\/td>\n \nNet loss<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(10,621<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(58,579<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nAdjustments to reconcile net loss to net cash used in operating activities:<\/p>\n<\/td>\n \nDepreciation and amortization<\/p>\n<\/td>\n \n1,534<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,452<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEquity-based compensation<\/p>\n<\/td>\n \n5,089<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,324<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nChange in fair value of warrants<\/p>\n<\/td>\n \n(3,430<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(6,041<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nDebt extinguishment loss<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,734<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIssuance of common warrants<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,766<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nChange in fair value of derivative liability<\/p>\n<\/td>\n \n(9,175<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n24,523<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRealized and unrealized gain on short term investments<\/p>\n<\/td>\n \n(960<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(338<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nEquity method investment loss<\/p>\n<\/td>\n \n67<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAsset retirement obligation accretion<\/p>\n<\/td>\n \n50<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n26<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAmortization of debt discount<\/p>\n<\/td>\n \n2,776<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,739<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nChanges in operating assets and liabilities:<\/p>\n<\/td>\n \nAccounts receivable<\/p>\n<\/td>\n \n966<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,656<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther current assets<\/p>\n<\/td>\n \n(622<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(749<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nOther assets<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable<\/p>\n<\/td>\n \n841<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n273<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue<\/p>\n<\/td>\n \n142<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccrued expenses and other liabilities<\/p>\n<\/td>\n \n3,203<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(254<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nOperating lease right-of-use assets and liabilities<\/p>\n<\/td>\n \n77<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n212<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet cash used in operating activities<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(10,041<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(12,179<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Investing activities<\/b><\/p>\n<\/td>\n \nPurchases of network assets, property, and equipment<\/p>\n<\/td>\n \n(10<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(30<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nPurchase of internal use software<\/p>\n<\/td>\n \n(126<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(101<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nPurchase of marketable securities<\/p>\n<\/td>\n \n(88,020<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(31,463<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nSale and maturity of marketable securities<\/p>\n<\/td>\n \n84,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,600<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet cash (used in) provided by investing activities<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(4,156<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,006<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Financing activities<\/b><\/p>\n<\/td>\n \nProceeds from 2028 senior convertible notes<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n190,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRepayment of 2026 senior secured notes<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(70,000<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nPayments towards debt issuance cost<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(550<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nPayments towards debt<\/p>\n<\/td>\n \n(30<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(27<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nProceeds from exercise of common warrants<\/p>\n<\/td>\n \n13<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n517<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProceeds from exercise of common stock options<\/p>\n<\/td>\n \n250<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n232<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by financing activities<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n233<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n120,172<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEffect of exchange rates on cash and cash equivalents<\/p>\n<\/td>\n \n(195<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n93<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet (decrease) increase in cash and cash equivalents<\/p>\n<\/td>\n \n(14,159<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n111,092<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents at beginning of period<\/p>\n<\/td>\n \n44,757<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,330<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents at end of period<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n30,598<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n150,422<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Supplemental disclosures<\/b><\/p>\n<\/td>\n \nInterest paid in cash<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2,256<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome taxes paid, net<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n74<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n64<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260514499793\/en\/<\/a><\/span><\/p>\n \nSloane & Company KEYWORDS:<\/b> Virginia United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Networks 5G Satellite Technology Telecommunications<\/p>\n\n
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<\/b>NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation\u2019s 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<\/a>.<\/p>\n\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
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nextnav@sloanepr.com<\/a><\/p>\n
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