<span item_type="fundamental" item_id="6b3b7135d12556bcdbd2c3ad54e2c13b" counter_id="ST/US/NN" env="prod"></span><span item_type="announcement" item_id="648374548829773441" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 995 K, beating the estimate of USD 943.5 K.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.12, beating the estimate of USD -0.15.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -15.43 M.</p><p></p><h4>Overview</h4><p>NextNav Inc. reported cash and cash equivalents and short-term investments of $143 million as of March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> The company’s net long-term debt was $267.2 million, including a derivative liability of $106.7 million and net of an unamortized discount of $29.5 million, with a face value of $190 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Revenue</h4><p>Revenue for NextNav Inc. for the three months ended March 31, 2026, was $995 thousand, a decrease from $1,539 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses for the three months ended March 31, 2026, were $20,338 thousand, an increase from $18,543 thousand in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Cost of goods sold (exclusive of depreciation and amortization) was $2,122 thousand in 2026, down from $2,533 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Research and development expenses increased to $5,941 thousand in 2026 from $4,038 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Selling, general and administrative expenses were $10,741 thousand in 2026, slightly up from $10,520 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Depreciation and amortization expenses were $1,534 thousand in 2026, compared to $1,452 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Operating Loss</h4><p>NextNav Inc. reported an operating loss of - $19,343 thousand for the three months ended March 31, 2026, which widened from an operating loss of - $17,004 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Net Loss</h4><p>The net loss for the three months ended March 31, 2026, was - $10,621 thousand, an improvement from the net loss of - $58,579 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities for the three months ended March 31, 2026, was - $10,041 thousand, an improvement from - $12,179 thousand used in the same period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents at the end of the period on March 31, 2026, totaled $30,598 thousand, a decrease from $44,757 thousand at December 31, 2025, and $150,422 thousand at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Balance Sheet Highlights</h4><p>As of March 31, 2026, NextNav Inc.’s total current assets were $147,862 thousand, down from $157,411 thousand at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Total assets were $235,644 thousand, down from $247,019 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Total current liabilities were $14,102 thousand, up from $12,385 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Total liabilities were $325,611 thousand, down from $333,254 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> Total stockholders’ equity (deficit) was - $89,967 thousand, compared to - $86,235 thousand at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Operational Highlights</h4><p>NextNav Inc. joined the OCUDU Ecosystem Foundation on May 14, 2026, to advance open, secure, and interoperable Open RAN centralized unit and distributed unit (CU/DU) implementation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> On May 5, 2026, the company announced a demonstration of 5G and RFID coexistence in the lower 900 MHz band.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p><h4>Outlook / Guidance</h4><p>The report does not contain specific forward-looking financial guidance or outlook.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span> It only includes general statements about the ongoing FCC process and building momentum toward commercialization.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865631/000155485526001044/ex991_1.htm"></span></p>

NextNav | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 995 K