| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net loss | -10,621 | -67,962 | -121,291 |
| Depreciation and amortization | 1,534 | 1,402 | 6,348 |
| Equity-based compensation | 5,089 | 4,098 | 12,539 |
| Change in fair value of warrants | -3,430 | 7,707 | -2,006 |
| Debt extinguishment loss | 0 | 0 | -13,734 |
| Issuance of common warrants | 0 | 0 | 9,006 |
| Change in fair value of derivative liability | 9,175 | -40,777 | -36,407 |
| Change in fair value of asset purchase agreement liability | NaN | 0 | 0 |
| Realized and unrealized gain on short term investments | 960 | 862 | 2,204 |
| Equity method investment loss | -67 | 177 | -119 |
| Asset retirement obligation accretion | 50 | 26 | 78 |
| Amortization of debt discount | 2,776 | 2,688 | 6,878 |
| Accounts receivable | -966 | 914 | -1,869 |
| Other current assets | 622 | -280 | 511 |
| Other assets | -22 | -46 | -121 |
| Accounts payable | 841 | -176 | -21 |
| Deferred revenue | 142 | 69 | 134 |
| Accrued expenses and other liabilities | 3,203 | -3,121 | 3,483 |
| Operating lease right-of-use assets and liabilities | 77 | 42 | 649 |
| Net cash used in operating activities | -10,041 | -16,077 | -34,668 |
| Purchases of network assets, property, and equipment | 10 | -15 | 65 |
| Purchase of equity method investment | NaN | 550 | NaN |
| Purchase of internal use software | 126 | 114 | 310 |
| Purchase of marketable securities | 88,020 | 87,036 | 194,494 |
| Sale and maturity of marketable securities | 84,000 | 58,100 | 159,900 |
| Payment for asset purchase agreement liability | NaN | 0 | 0 |
| Net cash (used in) provided by investing activities | -4,156 | -29,585 | -34,969 |
| Proceeds from 2028 senior convertible notes | 0 | 0 | 190,000 |
| Repayment of 2026 senior secured notes | NaN | 70,700 | NaN |
| Repayment of 2026 senior secured notes | 0 | -70,584 | 70,700 |
| Payments towards debt issuance cost | 0 | 0 | 1,517 |
| Payments towards debt | -56 | NaN | 86 |
| Proceedsfromexerciseof common warrants | 13 | 92 | 766 |
| Redemption of non-controlling interests | NaN | 0 | 0 |
| Proceeds from exercise of common stock options | 250 | 343 | 1,614 |
| Net cash provided by financing activities | 233 | 405 | 120,077 |
| Effect of exchange rates on cash and cash equivalents | -195 | 20 | 224 |
| Net (decrease) increase in cash and cash equivalents | -14,159 | -45,237 | 50,664 |
| Cash and cash equivalents at beginning of period | 44,757 | 89,994 | 39,330 |
| Cash and cash equivalents at end of period | 30,598 | 44,757 | 89,994 |
NEXTNAV INC. (NXNVW)
NEXTNAV INC. (NXNVW)