Nextnav (NN) Cost of Revenue (2021 - 2025)

Nextnav has reported Cost of Revenue for 5 years, with the latest figure at $1.9 million in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue fell 22.98% year-over-year to $1.9 million; the trailing twelve-month figure through Dec 2025 stood at $8.5 million (down 20.76% YoY), and the FY2025 full-year result was $8.5 million, down 20.76% from the prior year.
• Cost of Revenue for Q4 2025 stood at $1.9 million, down from $2.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $12.4 million in Q4 2023, with the low at $1.9 million in Q4 2025.
• Historically, Cost of Revenue has averaged $3.2 million across 5 years, with a median of $2.8 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 36.85% — and 2024, when it plunged 79.77%.
• Nextnav's Cost of Revenue stood at $2.1 million in 2021, then jumped by 36.85% to $2.8 million in 2022, then jumped by 337.95% to $12.4 million in 2023, then sank by 79.77% to $2.5 million in 2024, then fell by 22.98% to $1.9 million in 2025.
• The last three Cost of Revenue figures came in at $1.9 million (Q4 2025), $2.0 million (Q3 2025), and $2.0 million (Q2 2025), per Business Quant data.