NextNav Inc. (NN)

NextNav's stock price has experienced some volatility in the past six months. In early January 2026, the stock experienced declines due to factors such as lower-than-average trading volume, new options activity, concerns about institutional investor losses, significant insider selling, and unusual options activity. In Q3 2025, NextNav reported a net income of approximately $483,000, largely driven by a non-cash change in derivative and warrant fair value, with revenue declining to $887,000. In Q2 2025, the company reported a quarterly loss of $0.3 per share, missing estimates, with a net loss of $63.2 million. In December 2025, NextNav expanded its partnership with MetCom to bring its 5G-powered 3D PNT network into major Japanese cities.

Based on available data, a reliable seasonal demand profile for NextNav, Inc.'s products and services cannot be definitively established. The company's revenue streams are primarily from service contracts with government and commercial customers, rather than product sales, which may inherently have less pronounced seasonality compared to consumer-facing products.

NextNav, Inc. is a technology company specializing in positioning, navigation, and timing (PNT) solutions, operating within the Software - Infrastructure and Location Technology industries. It focuses on developing next-generation geolocation services that complement and provide a backup to traditional GPS, delivering accurate and reliable location services, particularly in environments where GPS signals are weak or unavailable. Its major products include Pinnacle, which provides highly accurate vertical location capabilities for public safety applications, and TerraPoiNT, a 3D PNT system that functions as a terrestrial-based complement and backup to GPS.

NextNav's operations are primarily concentrated in the United States, with its Pinnacle service available in over 4,400 cities and towns, covering 90% of buildings greater than three stories. The TerraPoiNT network has an initial footprint across 47 major U.S. markets, including a commercial-scale deployment in the San Francisco Bay Area. NextNav has expanded its partnership with MetCom to introduce its 5G-powered 3D PNT network into major Japanese cities.

NextNav has received a consensus rating of "Reduce" from analysts, with an average rating score of 1.50. MarketBeat's MarketRank™ scored NextNav higher than 14% of evaluated companies. Positive developments include the partnership with MetCom, advancements in 5G-based PNT, and its Pinnacle service for enhanced 911 services. However, significant insider selling and continued unprofitability could negatively impact investor confidence and its brand reputation.

NextNav Inc. has a mixed ownership structure comprising institutional, retail, and individual investors. Approximately 31.77% to 40.98% of the company's stock is owned by Institutional Investors, 15.69% by Insiders, and a varying percentage (9.20% to 43.34%) by Public Companies and Individual Investors. Major institutional owners include Fortress Investment Group LLC, BlackRock, Inc., and Vanguard Group Inc. The largest individual shareholder is Randal A. Nardone, and Joseph Samberg is also a significant shareholder. Insider selling has been notably higher than insider buying in the past three months.