Business Wire·Nov 10, 2026, 4:03 PM ET

NextNav Inc. Reports Third Quarter 2026 Results and Operational Highlights

NextNav Inc. reported financial results and operational updates for the quarter ended September 30, 2026.
CEO Mariam Sorond highlighted regulatory progress, technical milestones, new partnerships, and market validation of low-band spectrum assets.
On October 5, 2026, NextNav partnered with AiRANACULUS to advance integrated sensing and communications across its 900 MHz spectrum for counter-UAS detection.
On September 22, 2026, Marissa Mitrovich joined as Vice President of Government Affairs and Vijay Venkateswaran was appointed Chief Business Development Officer.
On September 15, 2026, NextNav achieved single-digit-meter horizontal positioning accuracy using 5G PNT Network signals in Santa Clara County, California.
On August 24, 2026, Tiami Networks was added as a sensing ecosystem partner to enhance 5G-powered counter-UAS detection.
As of September 30, 2026, NextNav held approximately $290.9 million in cash, equivalents, and investments with no outstanding debt.
Total assets reached $379.7 million as of September 30, 2026, compared to $247.0 million at December 31, 2025.
Total stockholders' equity turned positive to $353.9 million as of September 30, 2026, reversing a deficit of $86.2 million from the prior year-end.
For the three months ended September 30, 2026, revenue was $1.6 million with an operating loss of $19.6 million.
For the nine months ended September 30, 2026, revenue totaled $3.7 million with a net loss of $48.6 million.
Net cash used in operating activities was $40.4 million for the nine months ended September 30, 2026.
Financing activities provided $176.0 million in cash for the nine months ended September 30, 2026, primarily from warrant exercises.
A conference call for analysts and investors is scheduled for November 10, 2026, at 5:00 pm ET.
NextNav remains the largest US license holder in a spectrum band designated for terrestrial positioning services.