NN
Communication ServicesNextNav Inc. · Internet Content & Information · $3B
What is NextNav Inc.?
NextNav Inc. is a positioning technology company focused on delivering next-generation GPS alternatives and 3D geolocation services across the United States. Headquartered in McLean, Virginia, the company targets markets where traditional GPS falls short — particularly indoors and in dense urban environments.
NextNav generates revenue by licensing its positioning, navigation, and timing technology to customers and partners. Its two core platforms — Pinnacle and TerraPoiNT — serve different geolocation needs. Pinnacle provides 3D altitude-aware location data commercially available across thousands of US cities and towns. TerraPoiNT is a terrestrial, encrypted network designed as a resilient GPS backup, with deployments across dozens of national markets. Customers access these services directly or through channel partners.
NextNav was founded in 2007 and is headquartered in McLean, Virginia.
- Pinnacle 3D geolocation service for urban and indoor environments
- TerraPoiNT encrypted terrestrial GPS-backup network
- Positioning, navigation, and timing solutions for enterprise and government
- Network-based location services sold via direct and partner channels
Is NN a Good Stock to Buy?
UQS Score rates NN as Poor overall, reflecting meaningful challenges across most of the five evaluation pillars.
The one area where NextNav stands out is Risk — the company's risk profile scores as Strong, suggesting its balance sheet or operational risk characteristics compare favorably relative to peers in the Communication Services sector.
Quality, Moat, and Growth all register as Weak, indicating the business has not yet demonstrated durable competitive advantages or consistent financial performance. Valuation is rated Elevated, meaning the market price appears to reflect expectations that the fundamentals do not yet support.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does NN pay dividends?
No — NextNav Inc. does not currently pay a dividend.
NextNav does not currently pay a dividend. For an early-stage technology company investing in network infrastructure and product development, retaining capital is typical. Investors in NN are generally positioned for potential long-term growth rather than income, though the current UQS profile suggests that growth thesis carries meaningful uncertainty.
When does NN report earnings?
NextNav reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Weak Growth pillar rating suggests recent results have not demonstrated the revenue acceleration or margin improvement that would signal a turning point. Investors should monitor whether Pinnacle and TerraPoiNT adoption trends are translating into measurable financial progress.
For the most recent quarter's results and guidance, visit NextNav's investor relations page directly.
NN Price History
+127.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in NextNav Inc.?
Based on NextNav Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
NN Long-term Outlook
NextNav's fundamental outlook is shaped by a Weak Growth pillar alongside a Strong Risk rating — an unusual combination that suggests the company is managing downside exposures while still searching for meaningful revenue traction. The Elevated Valuation pillar indicates the current market price embeds optimism that the underlying financials have not yet validated. Until Quality and Moat ratings improve, the path to sustained value creation remains uncertain.
Growth drivers
- Expanding Pinnacle coverage into additional US cities and commercial verticals
- Government and critical infrastructure demand for GPS-resilient timing solutions
- Potential regulatory tailwinds supporting terrestrial positioning network adoption
Key risks
- Weak Moat rating signals limited pricing power and competitive differentiation today
- Elevated Valuation leaves little margin of safety if growth targets are missed
- Commercializing deep-tech infrastructure at scale requires sustained capital investment
NN vs Peers
NextNav operates in the Communication Services sector alongside a diverse set of companies; the peers below share sector classification rather than direct business-model overlap.
JOYY is a global social media and live-streaming platform, generating revenue through virtual gifting and subscriptions rather than positioning technology.
DJT operates a social media platform and is driven by media and political brand dynamics rather than geolocation infrastructure.
IAC is a diversified internet holding company with a portfolio of digital media and technology brands, a very different model from NextNav's network-based positioning services.
Frequently Asked Questions
What does NextNav do?
NextNav provides next-generation positioning, navigation, and timing technology. Its two platforms — Pinnacle and TerraPoiNT — deliver 3D geolocation and GPS-backup services across thousands of US cities and dozens of markets, targeting environments where traditional GPS is unreliable, such as indoors or in dense urban areas.
Does NN pay dividends?
No, NextNav does not currently pay a dividend. The company is focused on building out its positioning network infrastructure, which typically requires retaining available capital rather than distributing it to shareholders.
When does NN report earnings?
NextNav follows a standard quarterly earnings cadence for US-listed companies. For the most current release dates and results, check NextNav's official investor relations page, as specific dates are subject to change.
Is NN a good stock to buy?
The UQS Score rates NN as Poor overall. While the Risk pillar scores as Strong, the Quality, Moat, and Growth pillars are all Weak, and Valuation is Elevated. That combination suggests the stock carries meaningful risk relative to its current price. The full pillar breakdown is available to UQS Pro members.
Is NN overvalued?
UQS rates NN's Valuation pillar as Elevated, which indicates the current market price appears high relative to the company's underlying financial fundamentals. For investors, an Elevated Valuation alongside Weak Quality and Growth ratings warrants careful consideration.
How does NN compare to its competitors?
NextNav's sector peers in this comparison — JOYY, DJT, and IAC — operate very different business models focused on social media and digital content rather than positioning technology. Direct operational comparisons are limited, but the UQS framework scores each company independently across the same five pillars.
What is NN's market cap bracket?
NextNav is classified as a mid-cap company. Mid-cap stocks generally sit between large established enterprises and smaller growth-stage companies, though individual risk profiles can vary widely within that bracket.
Who founded NextNav?
NextNav was founded in 2007. For detailed information on the founding team and corporate history, the company's official website and public filings are the most reliable sources.
Is NN a long-term quality investment?
As a long-term quality indicator, the UQS Score currently rates NN as Poor. Sustained long-term quality typically requires strong scores across Quality, Moat, and Growth — all of which are currently Weak for NextNav. Investors should monitor whether the business model matures into a more durable competitive position over time.
What is the main competitive advantage of NextNav?
NextNav's technology addresses a genuine gap — reliable 3D positioning in environments where GPS struggles. However, the UQS Moat pillar currently rates as Weak, suggesting the company has not yet translated that technological focus into a clearly defensible competitive position as measured by financial outcomes.
What sector does NN belong to?
NextNav is classified under the Communication Services sector. Within that broad sector, the company occupies a niche focused on positioning and timing infrastructure rather than traditional media, telecom, or social platforms.
Is NN a growth stock or value stock?
Based on the UQS framework, NN does not fit neatly into either category at present. The Growth pillar is rated Weak, indicating limited demonstrated growth momentum, while the Valuation pillar is Elevated — making it difficult to characterize as a value opportunity either.
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Pro Analysis
NN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 19, 2026 | 18.9 | 20.0 | 12.0 | 1.8 | 70.1 | 0.0 | -1.8 |
| Apr 2, 2026 | 20.7 | 20.0 | 12.0 | 1.8 | 82.4 | 0.0 | — |
NN — Pillar Breakdown
Quality
— 20.0/100 (25%)NextNav Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 1.8/100 (20%)NextNav Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 70.1/100 (15%)NextNav Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)NextNav Inc. appears expensively valued relative to its fundamentals and growth prospects.
Moat
— 12/100 (25%)NextNav Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NN.
Score Composition
Financial Data
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How is the NN UQS Score Calculated?
The UQS (Unified Quality Score) for NextNav Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses NextNav Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether NextNav Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.