NextNav (NN)
Develops terrestrial positioning and timing systems that complement and back up GPS.
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Develops terrestrial positioning, navigation, and timing services that complement GPS, licensing network data and technology to wireless, government, and commercial customers. Pinnacle supplies floor-level altitude, TerraPoiNT provides a prior-generation ground-based signal, and planned NextGen deployment depends on FCC spectrum approval and wireless partners.
Builds terrestrial positioning, navigation, and timing systems that complement GPS. Pinnacle turns barometric readings from devices and a sensor network into floor-level altitude data, delivered through APIs and software kits for emergency calling, public safety, and other applications. The service covers major U.S. markets and is also licensed in Japan.
TerraPoiNT provides a prior-generation ground-based 3D positioning network, while NextGen is being developed to combine positioning and broadband over a 5G New Radio platform. Domestically, access to technology and network-generated data is licensed to wireless carriers, developers, businesses, and government customers; international expansion uses technology-licensing partnerships. NextGen deployment depends on FCC approval to reconfigure Lower 900 MHz spectrum and on agreements with wireless network operators.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 20, 2026 | Odeon Capital Group LLC | Target | $22 | |||
| Jun 3, 2026 | Oppenheimer | Reiterate | Outperform | $25 | $50 | |
| Apr 22, 2026 | B.Riley Financial | Target | $29 | |||
| Apr 16, 2026 | UBS | Target | $25 | |||
| Apr 16, 2026 | Oppenheimer | Upgrade | Perform | Outperform | $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $228.8M · Total debt $13.2M · Total assets $389.1M · Shareholders' equity $334.5M
- Revenue
- $1.2M
- Operating income
- −$20.2M
- Net income
- −$33.8M
No dividends on record.
| Institutions269 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 74.26% | 101.32M shares | |
| Insiders16 holders · as of Jun 29, 2026 | 11.74% | 16.02M shares | |
| Strategic holders3 holders · as of Jun 22, 2026 | 35.85% | 48.91M shares | |
| Adds to | 121.85% |
136.44M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (168.81M in the company's Sep 3, 2026 report, 136.44M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 121.85%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
FIG Buyer GP, LLC1,2Strategic10 percent owner | 19.09% | 22.06M | 13Gfiled Jun 22, 2026 ↗ |
Fortress Investment Group LLCInstitution | 13.32% | 18.17M | 13Fas of Jun 30, 2026 |
Joseph D. Samberg3,4Insider10 percent owner | 10.08% | 13.76M | 13Gfiled Nov 24, 2025 ↗ |
OSI Capital Management LLCStrategic10 percent owner | 9.72% | 13.26M | 13Gfiled Feb 17, 2026 ↗ |
Creek Capital Management LLCInstitution | 9.23% | 12.59M | 13Gfiled May 19, 2023 ↗ |
| See all 25 → | |||
- FIG Buyer GP, LLC's transaction reports restate only vehicles that traded; the 2026 ownership statement (22.06M) plus the 3.99M net shares acquired since is used instead.
- FIG Buyer GP, LLC reports a block also reported by another filer; it is counted once, under that filer.
- Joseph D. Samberg's transaction reports restate only vehicles that traded; the 2025 ownership statement (13.76M) is used instead.
- Joseph D. Samberg reports a block also reported by Capital Ventures International; it is counted once, under Capital Ventures International.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 29, 2026 | Sammaad Shams | officer: Chief Accounting Officer | −2,006 | $17.84 |
| Jun 24, 2026 | Susan Brasse Insley | officer: Chief Operating Officer | −2,370 | $17.13 |
| Jun 16, 2026 | Mariam Sorond | director, officer: CEO, President and Director | −2,830 | $18.33 |
| Jun 16, 2026 | Susan Brasse Insley | officer: Chief Operating Officer | −849 | $19.36 |
| Jun 12, 2026 | James S. Black | officer: General Counsel | −1,878 | $22.96 |
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NextNav | $15.26 | −0.71% | $2.09B | — | — | 526.6 | −4.3% |
| Trimble | $60.68 | +2.66% | $13.78B | — | 15.3 | 3.6 | +11.0% |
| L3Harris Technologies | $263.99 | +1.00% | $48.66B | 26.4 | 21.2 | 2.1 | +8.4% |
| Garmin | $279.75 | +1.36% | $53.24B | 28.5 | 26.9 | 6.9 | +11.4% |
| Iridium Communications | $46.96 | −0.04% | $4.98B | 53.4 | 41.0 | 5.6 | +3.8% |
| Comtech | $1.50 | −0.58% | $44.9M | — | — | 0.1 | −16.4% |
| Median | 28.5 | 24.0 | 3.6 | +8.4% |