NextNav Inc. (NN) Stock

NextNav Inc. (NN) is a Technology stock trading at $17.31 (as of 2026-08-20), with a market capitalization of $2.92B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NextNav Inc. provides network-based GPS and 3D geolocation services, including its Pinnacle positioning offering and its TerraPoiNT terrestrial encrypted network. Its solutions are available across thousands of U.S. cities and in multiple national markets, sold to customers directly and through partners.

Understand NextNav Inc.: how it makes money

NextNav provides next generation GPS positioning, navigation, and timing through its network-based Pinnacle 3D geolocation service and TerraPoiNT encrypted terrestrial network, and it sells its solutions directly to customers or through partners.

Its profit model depends on monetizing its network footprint, with commercial scale described by coverage and deployment counts for Pinnacle (cities and towns) and TerraPoiNT (market deployments), which then supports billed revenue.

Revenue by segment (latest quarter)
Billed$0.0B

Business quality (Weak): Snapshot data is highly limited (billed revenue shown as 0.0B for the quarter, and only a few operating coverage metrics are provided), but the company does disclose network coverage and concentration indicators that help frame how its services scale.

Bull case

  • Network scale is measurable: Pinnacle is commercially available in approximately 4,400 cities and towns in the United States, and TerraPoiNT has deployments in 51 total markets nationally.
  • Service coverage supports partner and customer sales: The company sells directly to customers or through partners, which can extend distribution beyond direct sales.

Bear case

  • High customer concentration risk: Largest Customer Revenue Concentration is reported as 97%.
  • Scale dependence on rollout and coverage: Key disclosed operating indicators are coverage and deployment counts, so operating performance may be sensitive to how quickly and widely those networks expand.
Valuation — source: SEC EDGAR (first-party)
Price$17.31
Market Cap$2.92B
Price / Book8.74
Price / Sales690.15
FCF Yield-3.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.57M
Net Margin-4138.5%
Revenue Growth (YoY)-19.3%
EPS Growth (YoY)69.0%
FCF Growth (YoY)32.4%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.95 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFortress Investment Group LLC ($227.13M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOMariam Sorond
Employees96
CountryUS
IPO Date2020-11-02

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NN earnings history · NN institutional & insider holders · NN KPIs & operating metrics · NN financials · NN investor presentations & press releases · NN SEC filings · NN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.