Jun 2026 (Q2 FY26) — Aug 11, 2026
NextNav Q2 FY26 — Balance Sheet Transformation and Strategic Partnerships
Read the full callNextNav earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1.2 | −4.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1760.8 | −326.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -33.8 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $12.5 on 17 Oct 2025 → $9.57. High $23.59 (4 Jun 2026), low $9.57 (19 Oct 2026).
Overview
Call summaries
NextNav Q2 FY26 — Balance Sheet Transformation and Strategic Partnerships
Read the full callEvery analysed call
Financials
Net profit, year on year: +47% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Expenses | 15 | 17 | 19 | 18 | 21 | 17 | 20 | 21 |
| Operating profit | -14 | -15 | -17 | -17 | -20 | -16 | -19 | -20 |
| Operating margin | −862.0% | −772.6% | −1104.9% | −1434.3% | −2239.6% | −1706.1% | −1944.0% | −1760.8% |
| Interest | — | — | 0 | 5 | 5 | — | 5 | 4 |
| Profit before tax | -14 | -32 | -59 | -63 | 1 | -68 | -11 | -34 |
| Tax rate | −0.2% | −0.1% | −0.1% | −0.1% | 8.7% | −0.1% | −0.5% | −0.2% |
| Net profit | -14 | -32 | -59 | -63 | 0 | -68 | -11 | -34 |
| EPS ($ per share) | -0.11 | — | -0.45 | -0.48 | 0 | — | -0.08 | -0.24 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -490 | -648 | -688 | -760 | -862 | -1,051 |
| Total liabilities | 166 | 37 | 20 | 82 | 112 | 333 |
| Fixed assets | 1 | 22 | 19 | — | — | — |
| Investments | — | — | 8 | 4 | 41 | 107 |
| Total assets | 45 | 137 | 124 | 162 | 162 | 247 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -28 | -48 | -37 | -35 | -38 | -51 |
| Cash from investing | -7 | -1 | -16 | 1 | -39 | -65 |
| Cash from financing | 35 | 136 | 0 | 69 | 35 | 120 |
| Net cash flow | — | 86 | -53 | 35 | -43 | 5 |
| Capital expenditure | -6 | -1 | -3 | -3 | -0 | -0 |
| Free cash flow | -35 | -49 | -40 | -38 | -38 | -51 |
59 filings between Nov 13, 2025 and Sep 24, 2026.
Purchases
$693.3K
1 purchase by 1 insider
Sales
$13.46M
35 sales by 6 insiders
80% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 3 conversions, 1 option exercised.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SAMBERG JOSEPH D | $693.3K | $7.41M | Nov 21, 2025 |
| Sorond Mariam | — | $4.89M | Sep 3, 2026 |
| Insley Susan Brasse | — | $466.4K | Sep 24, 2026 |
| Shams Sammaad | — | $259.5K | Sep 17, 2026 |
| Black James S | — | $241.4K | Sep 14, 2026 |
| Gray Timothy | — | $188.0K | Sep 23, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 24, 2026 | Insley Susan Brasse Chief Operating Officer | Sale 10b5-1 plan | 2,370 | $33.7K |
| Sep 23, 2026 | Gray Timothy Chief Financial Officer | Sale | 11,099 | $162.5K |
| Sep 17, 2026 | Shams Sammaad Chief Accounting Officer | Sale 10b5-1 plan | 1,576 | $23.1K |
| Sep 16, 2026 | Shams Sammaad Chief Accounting Officer | Sale 10b5-1 plan | 430 | $6.4K |
| Sep 15, 2026 | Insley Susan Brasse Chief Operating Officer | Sale 10b5-1 plan | 849 | $13.0K |
| Sep 14, 2026 | Black James S General Counsel | Sale 10b5-1 plan | 1,878 | $28.8K |
| Sep 3, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 2,831 | $41.7K |
| Sep 3, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 69,853 | $1.07M |
| Jun 29, 2026 | Shams Sammaad Chief Accounting Officer | Sale 10b5-1 plan | 2,006 | $35.8K |
| Jun 24, 2026 | Insley Susan Brasse Chief Operating Officer | Sale 10b5-1 plan | 2,370 | $40.6K |
| Jun 23, 2026 | SUBIN NEIL S Director | Option exercised | 250,000 | $2.88M |
| Jun 22, 2026 | SUBIN NEIL S Director | Conversion | 502,707 | $0 |
| Jun 17, 2026 | Foundation Holdco LP 10% owner | Conversion | 3,989,738 | $50.11M |
| Jun 17, 2026 | FIG Buyer GP, LLC 10% owner | Conversion | 3,989,738 | $50.11M |
| Jun 16, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 2,830 | $51.9K |
| Jun 16, 2026 | Insley Susan Brasse Chief Operating Officer | Sale 10b5-1 plan | 849 | $16.4K |
| Jun 12, 2026 | Black James S General Counsel | Sale 10b5-1 plan | 1,878 | $43.1K |
| Jun 1, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 67,553 | $1.34M |
| Jun 1, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 2,300 | $48.0K |
| May 21, 2026 | Selby Lorin Director | Award | 7,550 | $0 |
| May 21, 2026 | SUBIN NEIL S Director | Award | 7,550 | $0 |
| May 21, 2026 | CARANO BANDEL L Director | Award | 7,550 | $0 |
| May 21, 2026 | MULETA JOHN B Director | Award | 7,550 | $0 |
| May 21, 2026 | MARCUS JONATHAN ANTHONY Director | Award | 7,550 | $0 |
| May 21, 2026 | Hook Lisa Director | Award | 7,550 | $0 |
| May 21, 2026 | Howe Alan B Director | Award | 7,550 | $0 |
| May 21, 2026 | Howard Hugh Wyman III Director | Award | 7,550 | $0 |
| May 21, 2026 | Palmer Nicola Director | Award | 7,550 | $0 |
| Mar 26, 2026 | Shams Sammaad Chief Accounting Officer | Sale | 3,945 | $77.1K |
| Mar 24, 2026 | Insley Susan Brasse Chief Operating Officer | Sale 10b5-1 plan | 2,370 | $44.0K |
| Mar 20, 2026 | Black James S General Counsel | Sale 10b5-1 plan | 2,751 | $49.8K |
| Mar 20, 2026 | Black James S General Counsel | Sale 10b5-1 plan | 6,678 | $119.6K |
| Mar 20, 2026 | Insley Susan Brasse Chief Operating Officer | Sale | 3,599 | $65.2K |
| Mar 20, 2026 | Gray Timothy Chief Financial Officer | Sale | 1,405 | $25.4K |
| Mar 20, 2026 | Shams Sammaad Chief Accounting Officer | Sale | 1,767 | $32.0K |
| Mar 19, 2026 | Sorond Mariam CEO, President and Director | Award | 54,704 | $0 |
| Mar 19, 2026 | Shams Sammaad Chief Accounting Officer | Award | 5,712 | $0 |
| Mar 19, 2026 | Black James S General Counsel | Award 10b5-1 plan | 27,354 | $0 |
| Mar 19, 2026 | Insley Susan Brasse Chief Operating Officer | Award | 41,031 | $0 |
| Mar 19, 2026 | Black James S General Counsel | Award 10b5-1 plan | 8,862 | $0 |
| Mar 19, 2026 | Gray Timothy Chief Financial Officer | Award | 3,372 | $0 |
| Mar 19, 2026 | Shams Sammaad Chief Accounting Officer | Award | 10,482 | $0 |
| Mar 19, 2026 | Insley Susan Brasse Chief Operating Officer | Award | 9,726 | $0 |
| Mar 19, 2026 | Gray Timothy Chief Financial Officer | Award | 41,028 | $0 |
| Mar 19, 2026 | Shams Sammaad Chief Accounting Officer | Sale 10b5-1 plan | 115 | $2.0K |
| Mar 17, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 11,322 | $190.8K |
| Mar 17, 2026 | Insley Susan Brasse Chief Operating Officer | Sale 10b5-1 plan | 3,396 | $57.2K |
| Mar 17, 2026 | Shams Sammaad Chief Accounting Officer | Sale 10b5-1 plan | 3,297 | $55.6K |
| Mar 3, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 24,993 | $413.2K |
| Mar 3, 2026 | Sorond Mariam CEO, President and Director | Sale 10b5-1 plan | 44,860 | $768.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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