NNNextNav Inc.
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is NN?
NextNav Inc. earns −57% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 66 points below what the capital costs: growth destroys value
- Operating margin
- −1900%
Operating margin · Software - Infrastructure median 5.8% · 12 months to Q2 2026
- Share count, year on year
- +7.0%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 540%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −5179% |
| FY2021 | −5561% |
| FY2022 | −1669% |
| FY2023 | −1645% |
| FY2024 | −1060% |
| FY2025 | −1536% |
Details›
- Gross margin12 months to Q2 2026
- −105%
- Operating margin12 months to Q2 2026
- −1900%
- Net margin12 months to Q2 2026
- −2813%
- Free cash flow margin
- −1335%
- R&D as % of revenue
- 540%
- Revenue, trailing twelve months
- $4.0M
- Free cash flow, trailing twelve months
- −$53M
- Net income, trailing twelve months
- −$112M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −57%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Infrastructure
Ranks #70 of 80 by RyuScore