NNNextNav Inc.
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is NN?
NextNav Inc. spent more than it took in: an operating loss of $76M on $4.0M of revenue, 12 months to Q2 2026.
Operating loss · on $4.0M of revenue · 12 months to Q2 2026
- Share count, year on year
- +7.0%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- −105%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −5179% |
| FY2021 | −5561% |
| FY2022 | −1669% |
| FY2023 | −1645% |
| FY2024 | −1060% |
| FY2025 | −1536% |
Details›
- Gross margin12 months to Q2 2026
- −105%
- Operating margin12 months to Q2 2026
- −1900%
- Net margin12 months to Q2 2026
- −2813%
- Free cash flow margin
- −1335%
- R&D as % of revenue
- 540%
- Revenue, trailing twelve months
- $4.0M
- Free cash flow, trailing twelve months
- −$53M
- Net income, trailing twelve months
- −$112M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from NN and who it buys from, as the companies report it.
- Largest customer70%
Share of revenue · FY2025 10-K
- Second largest customer17%
Share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; NN’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.
Software, Infrastructure
Ranks #70 of 78 by RyuScore