NextNav Inc. Reports Third Quarter 2025 Results and Operational Highlights

Core Insights - NextNav Inc. reported its financial results and operational updates for Q3 2025, highlighting progress in technology and advocacy for FCC actions despite a government shutdown [1][2]. Financial Highlights - As of September 30, 2025, NextNav had $167.6 million in cash and cash equivalents, with a net long-term debt of $230.1 million, which includes a derivative liability of $75.1 million [4]. - Revenue for Q3 2025 was $887 million, a decrease from $1.607 billion in Q3 2024, while total operating expenses increased to $20.752 million from $15.459 million year-over-year [15][16]. - The net loss for Q3 2025 was $483 million, compared to a loss of $13.609 million in Q3 2024 [16]. Operational Highlights - The company is focused on enabling a widescale, future-proof complement and backup to GPS, leveraging its unique position as the largest license holder in a spectrum band designated for terrestrial positioning services [2][8]. - Recent milestones include the successful integration of 5G-based timing for critical infrastructure applications and showcasing vertical location capabilities at Mobile World Congress 2025 [11]. Upcoming Events - NextNav will host a conference call for analysts and investors on November 6, 2025, to discuss its financial results [5][19].