NextNav Q2 2026 revenue slipped to $1.15 million; net loss narrowed to $33.8 million
NextNav reported second-quarter 2026 results with revenue of $1.15 million, down from $1.20 million a year earlier, and an operating loss that widened to $20.2 million from $17.2 million. The net loss narrowed to $33.8 million from $63.2 million, helped by a $21.4 million debt extinguishment gain, and the company's $190 million convertible notes were converted into about 15.2 million shares, eliminating that debt.
Key points
- Q2 2026 revenue was $1.15 million versus $1.20 million in Q2 2025; operating loss was $20.2 million versus $17.2 million.
- Net loss was $33.8 million, or $0.24 per share, versus $63.2 million, or $0.48 per share, a year earlier.
- Public warrant exercises generated about $169.5 million of gross proceeds; the $190 million convertible notes converted into about 15.2 million shares.
- Total available liquidity was about $298 million as of June 30, 2026, including $69.3 million of warrant proceeds collected July 1, 2026.
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.