Nov 6, 2025 7:30 AM Eastern Standard Time NextNav Inc. Reports Third Quarter 2025 Results and Operational Highlights To access the live webcast or a replay, visit the Company's investor relations website at https://ir.nextnav.com/. Share RESTON, Va.--(BUSINESS WIRE)--NextNav 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 September 30, 2025. "In the third quarter we ...

Core Insights - NextNav Inc. reported financial results for the quarter ended March 31, 2025, highlighting a focus on positioning, navigation, and timing (PNT) solutions, particularly in relation to national security needs for GPS backups [2][7]. Financial Highlights - Revenue for the quarter was $1.5 million, an increase from $1.0 million in the prior year, driven by service revenue from technology and services contracts with government and commercial customers [7]. - Operating loss was $17.0 million, compared to a loss of $16.2 million in the prior year, primarily due to higher professional fees and consulting expenses [7]. - Net loss was $58.6 million, which included a $24.5 million loss on the change in the fair value of derivative liability and a $14.4 million debt extinguishment loss, compared to a net loss of $31.6 million in the prior year [7][14]. - As of March 31, 2025, the company had $150.4 million in cash and cash equivalents and $38.0 million in short-term investments, with net long-term debt of $213.1 million [7][12]. Operational Updates - The FCC unanimously voted to approve a Notice of Inquiry (NOI) to explore PNT solutions, emphasizing the importance of developing terrestrial alternatives to GPS [7]. - NextNav appointed Retired Rear Admirals H. Wyman Howard and Lorin Selby to its Board of Directors, effective May 1, 2025, to strengthen its leadership [7]. Cash Flow and Investments - The company reported a net cash used in operating activities of $12.2 million for the quarter, compared to $7.0 million in the prior year [16]. - Net cash provided by financing activities was $120.2 million, primarily from proceeds of senior convertible notes [17]. Market Position - NextNav is positioned as a leader in next-generation PNT technologies, aiming to provide accurate and resilient 3D PNT solutions for critical infrastructure and commercial applications [8].