NEXTNAV INC (NN)
Information Technology · Terrestrial PNT (positioning, navigation, timing) systems and GPS backup infrastructure · NASDAQ
NextNav provides terrestrial backup and complement to GPS using ground-based 900 MHz networks and 5G technology for resilient 3D positioning and timing across cellular, public safety, and autonomous systems.
What NEXTNAV INC does
NextNav is the market leader in delivering resilient, complementary positioning, navigation and timing (PNT) solutions designed to overcome limitations and vulnerabilities of GPS and other space-based satellite systems. The company operates a ground-based transmitter network on low-band spectrum (900 MHz and complementary spectrum) that provides stronger, jam-resistant signals capable of penetrating buildings and serving as both a complement to GPS and a backup when satellite systems fail. NextNav's core Pinnacle technology uses barometric sensors and terrestrial networks to determine precise 3D location, including vertical positioning, for applications in cellular timing, public safety, E911, autonomous systems, and IoT.
Themes: ["GPS backup and resilience","Critical infrastructure timing (cellular, electrical grid)","Public safety and E911","3D indoor location technology","5G PNT integration","Autonomous systems and drones","National security positioning"]
Fundamentals
- Price$16.91 as of 2026-07-09 close
- Market cap$2.3B as of 2026-07-10
- 1-year return+5.4% as of 2026-07-09 close
- Net margin-3506.9% as of 2026-07-10
- Gross margin-101.8% as of 2026-07-10
- ROE-276.9% as of 2026-07-10
- Debt / equity32.42 as of 2026-07-10
- Revenue growth (YoY)-34.6% as of 2026-07-10
- Revenue CAGR (3y)+5.2% SEC XBRL
- Beta1.10 as of 2026-07-10
Key risks (from latest filing)
["Regulatory dependence: Company's licenses and spectrum assets are subject to FCC approval and regulatory oversight, including petitions for reconsideration that could affect spectrum availability and rights.","Technology transition risk: Evolution to 5G NR PRS platform (NextGen) requires successful technology development and integration, with uncertain timing and market acceptance.","Market adoption uncertainty: Significant revenue decline (-34.62% YoY) and substantial operating losses (-3506.95% net margin) indicate slow commercial traction despite market opportunity claims."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.