I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 1.15 M, beating the estimate of USD 900 K.
EPS: As of FY2026 Q2, the actual value is USD -0.24.
EBIT: As of FY2026 Q2, the actual value is USD -30.62 M.
Balance Sheet Highlights (as of June 30, 2026, compared to December 31, 2025)
NextNav Inc. held approximately $228.8 million in cash, cash equivalents, and marketable securities as of June 30, 2026. Total available liquidity was approximately $298 million, including $69.3 million of warrant exercise proceeds recorded as other current assets, which were collected on July 1, 2026.
Cash and Cash Equivalents
Cash and cash equivalents increased to $77,715 thousand as of June 30, 2026, from $44,757 thousand as of December 31, 2025.
Short Term Investments
Short term investments grew to $151,122 thousand as of June 30, 2026, from $107,381 thousand as of December 31, 2025.
Total Current Assets
Total current assets were $303,812 thousand as of June 30, 2026, up from $157,411 thousand as of December 31, 2025.
Total Assets
Total assets increased to $389,051 thousand as of June 30, 2026, from $247,019 thousand as of December 31, 2025.
Long-Term Debt
Long-term debt, net, was -$0 thousand as of June 30, 2026, a significant reduction from $273,589 thousand as of December 31, 2025, following the conversion of convertible notes.
Total Liabilities
Total liabilities decreased substantially to $54,551 thousand as of June 30, 2026, from $333,254 thousand as of December 31, 2025.
Total Stockholders’ Equity
Total stockholders’ equity improved to $334,500 thousand as of June 30, 2026, compared to a deficit of -$86,235 thousand as of December 31, 2025.
Operational Metrics (Three Months Ended June 30, 2026, compared to 2025)
Revenue
Revenue was $1,150 thousand for the three months ended June 30, 2026, a decrease from $1,202 thousand in the same period of 2025.
Cost of Goods Sold
Cost of goods sold was $2,055 thousand for the three months ended June 30, 2026, slightly up from $2,035 thousand in the prior year period.
Research and Development (R&D)
R&D expenses increased to $5,463 thousand for the three months ended June 30, 2026, from $4,824 thousand in the same period of 2025.
Selling, General and Administrative (SG&A)
SG&A expenses rose to $12,561 thousand for the three months ended June 30, 2026, compared to $10,233 thousand in the prior year period.
Total Operating Expenses
Total operating expenses were $21,399 thousand for the three months ended June 30, 2026, an increase from $18,442 thousand in the same period of 2025.
Operating Loss
The operating loss for the three months ended June 30, 2026, was -$20,249 thousand, compared to -$17,240 thousand in the prior year period.
Net Loss
Net loss for the three months ended June 30, 2026, was -$33,755 thousand, an improvement from -$63,195 thousand in the same period of 2025.
Comprehensive Loss
Comprehensive loss for the three months ended June 30, 2026, was -$33,938 thousand, better than -$61,046 thousand in the same period of 2025.
Operational Metrics (Six Months Ended June 30, 2026, compared to 2025)
Revenue
Revenue for the six months ended June 30, 2026, was $2,145 thousand, down from $2,741 thousand in the same period of 2025.
Cost of Goods Sold
Cost of goods sold was $4,177 thousand for the six months ended June 30, 2026, a decrease from $4,568 thousand in the prior year period.
Research and Development (R&D)
R&D expenses increased to $11,404 thousand for the six months ended June 30, 2026, from $8,862 thousand in the same period of 2025.
Selling, General and Administrative (SG&A)
SG&A expenses rose to $23,302 thousand for the six months ended June 30, 2026, compared to $20,753 thousand in the prior year period.
Total Operating Expenses
Total operating expenses were $41,737 thousand for the six months ended June 30, 2026, an increase from $36,985 thousand in the same period of 2025.
Operating Loss
The operating loss for the six months ended June 30, 2026, was -$39,592 thousand, compared to -$34,244 thousand in the prior year period.
Net Loss
Net loss for the six months ended June 30, 2026, was -$44,376 thousand, a significant improvement from -$121,774 thousand in the same period of 2025.
Comprehensive Loss
Comprehensive loss for the six months ended June 30, 2026, was -$45,336 thousand, better than -$118,633 thousand in the same period of 2025.
Cash Flow (Six Months Ended June 30, 2026, compared to 2025)
Net Cash Used in Operating Activities
Net cash used in operating activities was -$28,021 thousand for the six months ended June 30, 2026, compared to -$25,703 thousand in the same period of 2025.
Net Cash Used in Investing Activities
Net cash used in investing activities was -$42,081 thousand for the six months ended June 30, 2026, an improvement from -$75,498 thousand in the prior year period.
Net Cash Provided by Financing Activities
Net cash provided by financing activities was $103,276 thousand for the six months ended June 30, 2026, down from $120,431 thousand in the same period of 2025.
Net Increase in Cash and Cash Equivalents
The company reported a net increase in cash and cash equivalents of $32,958 thousand for the six months ended June 30, 2026, compared to an increase of $19,536 thousand in the prior year period.
Cash and Cash Equivalents at End of Period
Cash and cash equivalents at the end of the period were $77,715 thousand as of June 30, 2026, compared to $58,866 thousand as of June 30, 2025.
Unique Metrics / Other Financial Events
Warrant Redemption
NextNav Inc. completed the redemption of all outstanding Public Warrants on June 26, 2026, with holders exercising approximately 14.8 million warrants for cash, generating $169.5 million of gross proceeds.
Convertible Notes Conversion
The company exercised its optional redemption right for its $190 million 5.00% Senior Secured Convertible Notes due 2028, leading all noteholders to convert their outstanding notes and accrued interest into approximately 15.2 million shares of common stock by June 25, 2026, eliminating all outstanding convertible debt.
Debt Extinguishment Gain
A debt extinguishment gain of $21,429 thousand was recorded for both the three and six months ended June 30, 2026.