---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040861"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T13:32:01.930150+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NextNav Q1 revenue $1.0M, net loss $31.6M; files FCC petition for Lower 900 MHz

## Summary
- Revenue $1.0M in Q1 2024, up from $830K YoY, driven by recurring service contracts.
- Net loss $31.6M (includes $13.2M loss on warrant fair value) vs $16.3M in prior year.
- Cash & equivalents $73.3M; short-term investments $5.9M; net debt $49.9M (gross $70.0M).
- Filed FCC rulemaking petition on Apr 16, 2024 to rearrange Lower 900 MHz for 3D PNT and broadband.
- Court approved sale of licenses for additional 4 MHz in Lower 900 band, pending FCC approval.

## SEC filing metadata
- accession: 0001213900-24-040861
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390024040861/0001213900-24-040861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390024040861/nn-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040861
- JSON: https://secwatch.observer/filing/0001213900-24-040861.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040861.txt

## Key facts
- Earnings Releases
  NEXTNAV INC. reported the three months ended March 31, 2024 results: revenue $1.0 million, net income $31.6 million.
  - Period: the three months ended March 31, 2024
  - Revenue: $1.0 million
  - Net income: $31.6 million
  - Result: reported results
  source text: On May 8, 2024 , NextNav Inc. issued a press release announcing its financial results for the three months ended March 31, 2024 . A full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000121390024040861/0001213900-24-040861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.