What is the 13F Pro Quality Score for NN?

13F Pro ranks NEXTNAV INC. (NN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NN's current score at https://13fpro.ai/research/NN (free sign-up required for the full ranking).

Where does 13F Pro source NN data?

All NEXTNAV INC. fundamentals and ownership data come directly from SEC EDGAR. NEXTNAV INC. files with the SEC under CIK 1865631. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NN in?

NEXTNAV INC. (NN) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is NN research updated on 13F Pro?

NN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NEXTNAV INC.(NN)Stock Analysis

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13F Pro Quality Score

21.2/100

Rank #2,664 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

68.8/100

Profitability

1.2/100

Balance Sheet

2.9/100

Earnings Quality

30.0/100

Free Cash Flow

2.1/100

Institutional Flow

90.5/100

Revenue Scale

2.2/100

Dilution Risk

1.4/100

NN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NEXTNAV INC. (NN), a Technology sector company. 13F Pro's AI-powered ranking engine scores NN at 21.2/100 on a 32-signal composite quality model, placing it at rank #2,664 of 2,879 stocks — the bottom half of the AI-ranked universe. NN scores in the top quartile across institutional flow (90.5). Areas of concern include profitability (1.2) and free cash flow (2.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 1.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), NEXTNAV INC. reports quarterly revenue of $995.0K, net income of $-10.6M, free cash flow of $-10.1M. Top institutional holders of NN by reported 13-F value include Fortress Investment Group, Clutterbuck Capital Management, BlackRock,, based on the most recent SEC filings. NN trades on the Nasdaq exchange and files with the SEC under CIK 1865631. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NEXTNAV INC. directly from SEC EDGAR. NEXTNAV INC.'s 13F Pro composite quality score has ranged between 21 and 45 since 2022, currently 21.2 — a declining long-term trajectory across 23 quarterly and live scoring snapshots.

Revenue

Q1 2026

$995.0K

Net Income

Q1 2026

$-10.6M

Free Cash Flow

Q1 2026

$-10.1M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-19.3% YoY

$4.6MFY 2025

FY21 $763.0KFY23 $3.9MFY24 $5.7MFY25 $4.6M

Net Income

-85.8% YoY

$-189.3MFY 2025

FY21 $-144.7MFY23 $-71.7MFY24 $-101.9MFY25 $-189.3M

Operating Income

-16.9% YoY

$-70.2MFY 2025

FY21 $-42.4MFY23 $-63.5MFY24 $-60.1MFY25 $-70.2M

EPS (Diluted)

-69.0% YoY

$-1.42FY 2025

FY21 $-6.73FY23 $-0.66FY24 $-0.84FY25 $-1.42

Total Assets

+52.7% YoY

$247.0MFY 2025

FY21 $136.8MFY23 $162.2MFY24 $161.7MFY25 $247.0M

Total Debt

+400.9% YoY

$273.6MFY 2025

FY21 —FY23 $48.4MFY24 $54.6MFY25 $273.6M

Op. Cash Flow

-33.5% YoY

$-50.7MFY 2025

FY21 $-47.9MFY23 $-35.4MFY24 $-38.0MFY25 $-50.7M

Metric	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019
Revenue	$4.6M -19.3%	$5.7M +46.8%	$3.9M +406.2%	$763.0K +34.1%	$569.0K	—
Net Income	$-189.3M -85.8%	$-101.9M -42.0%	$-71.7M +50.4%	$-144.7M -5.3%	$-137.3M	—
Operating Income	$-70.2M -16.9%	$-60.1M +5.4%	$-63.5M -49.7%	$-42.4M -44.0%	$-29.5M	—
EPS (Diluted)	$-1.42 -69.0%	$-0.84 -27.3%	$-0.66 +90.2%	$-6.73	—	—
Total Assets	$247.0M +52.7%	$161.7M -0.3%	$162.2M +18.5%	$136.8M +204.7%	$44.9M	—
Total Debt	$273.6M +400.9%	$54.6M +12.7%	$48.4M	—	—	—
Operating Cash Flow	$-50.7M -33.5%	$-38.0M -7.2%	$-35.4M +26.1%	$-47.9M -68.7%	$-28.4M	—

AI Insight: NN Financial Trends

NextNav is burning cash with minimal revenue while debt surged 424% since Q2 2024, equity turned deeply negative, and quarterly losses remain severe.

• Revenue collapsed to $1M and stalled Q3 2025–Q1 2026, down from $2M in Q2–Q4 2024. Operating cash burn persists, averaging $12M/quarter.

• Total debt rocketed from $51M (Q2 2024) to $267M (Q1 2026); equity swung from +$64M to −$90M. Balance sheet severely stressed.

• Net losses remained acute: −$11M in Q1 2026, −$68M in Q4 2025. Operating margin stuck at −1,900% (Q1 2026), reflecting pre-revenue stage.

⚠ Negative equity of −$90M signals solvency risk. Debt-to-equity ratio inverted and unsustainable without major capital injection or revenue inflection.

⚠ Operating cash burn accelerated to −$16M in Q4 2025, matching Q2 2025. Runway unclear; no path to profitability visible in current data.

AI Insight: NN Ratio Trends

NextNav remains deeply unprofitable with negative ROIC across all periods; modest Q3 2025 NPM spike (54.4%) insufficient to signal turnaround.

• ROA improved sharply to 0.7% in Q3 2025 from -98.5% in Q2 2025, but deteriorated to -18.0% by Q1 2026.

• ROIC has remained negative throughout the entire dataset, ranging from -53.2% (Q2 2024) to -31.0% (Q1 2025), with no sustained recovery.

• D/E spiked to 32.42 in Q1 2025 from 1.09 in Q4 2024, signaling severe balance-sheet stress before data gaps.

⚠ ROIC deteriorated from -34.4% (Q4 2025) to -43.7% (Q1 2026); reversion after brief stabilization.

⚠ TTM ROIC at -40.9% and ROA at -60.0% confirm persistent unprofitability; Q3 2025 NPM gain (54.4%) appears isolated.

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Available Research

13F Pro tracks comprehensive data for NEXTNAV INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NN

Fortress Investment Group LLC
$227.1M14,178,054 sh
Clutterbuck Capital Management LLC
$150.5M9,300,806 sh
BlackRock, Inc.
$119.8M7,477,595 sh
Wolf Hill Capital Management, LP
$112.8M7,040,191 sh
SUSQUEHANNA ADVISORS GROUP, INC.
$88.9M5,550,124 sh
VANGUARD CAPITAL MANAGEMENT LLC
$62.5M3,902,659 sh
UBS Group AG
$42.0M2,622,598 sh
MILFAM LLC
$40.3M2,515,213 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$37.7M2,352,376 sh
GEODE CAPITAL MANAGEMENT, LLC
$37.5M2,342,370 sh

Fund	Value	Shares
Fortress Investment Group LLC	$227.1M	14,178,054
Clutterbuck Capital Management LLC	$150.5M	9,300,806
BlackRock, Inc.	$119.8M	7,477,595
Wolf Hill Capital Management, LP	$112.8M	7,040,191
SUSQUEHANNA ADVISORS GROUP, INC.	$88.9M	5,550,124
VANGUARD CAPITAL MANAGEMENT LLC	$62.5M	3,902,659
UBS Group AG	$42.0M	2,622,598
MILFAM LLC	$40.3M	2,515,213
VANGUARD PORTFOLIO MANAGEMENT LLC	$37.7M	2,352,376
GEODE CAPITAL MANAGEMENT, LLC	$37.5M	2,342,370

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Is NN a good stock to buy?

13F Pro's AI-powered analysis of NEXTNAV INC. (NN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NN are available on the NN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NEXTNAV INC.'s investment landscape.