NextNav Inc.

NNNASDAQCommunication Services● Active

$21.15

$-0.45(-2.08%)

Market Cap$2.9B

P/E Ratio—

52W High$24.188

52W Low$10.87

Avg Volume2.4M

Open$21.64

Beta1.05

Free Cash Flow Financials Revenue

NextNav Inc. (NN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NN · free cash flow · updated Jun 8, 2026

Core FCF metrics

NN · FCF · TTM · margin & CAGR

Free cash flow was −$50.8M for FY2025 (fiscal year ending 2025-12-31), down 32.4% year-over-year

FY2025 Free Cash Flow−$50.8M▼ -32.4% YoY

Trailing 12M (TTM)−$48.8Mtrailing 4 quarters sum

FCF Margin< −999%−$50.8M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$50.7M(0M)−$50.8M▼ 32.4%—

FY2024−$38.0M(0M)−$38.4M▼ 0.4%-676.6%

FY2023−$35.4M(3M)−$38.2M▲ +6.1%-988.9%

FY2022−$37.1M(4M)−$40.7M▲ +17.4%—

FY2021−$47.9M(1M)−$49.2M▼ 38.3%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NN · P/FCF · FCF yield · FCF per share

NextNav Inc. (NN) reported negative free cash flow of −$0.05B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NN · cash flow statement · operating / investing / financing

For FY2025, NextNav Inc. generated −$50.7M in operating cash flow and spent 0M in capital expenditures, yielding −$50.8M in free cash flow.

Operating Activities

−$50.7M

Cash from core business operations

2025-12-31

Investing Activities

−$64.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$120.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$50.7M) − |CapEx| (0M) = FCF (−$50.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

NN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NextNav Inc.YOU

−$50.8M-32.4%-1110.8%

Loss

About Free Cash Flow & Methodology

NextNav Inc. (NN) reported free cash flow of −$50.8M for FY2025 (fiscal year ending 2025-12-31), down 32.4% year-over-year.

NextNav Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 7 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NN free cash flow · 8 questions

NextNav Inc. free cash flow was −$50.8M for FY2025, down 32.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$48.8M.

NN free cash flowNN FCFNN FCF 2025NN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NextNav Inc. · NextNav Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026