Nextnav (NN) Cost of Revenue (2021 - 2026)
Nextnav's (NN) quarterly Cost of Revenue came in at $1.9 million in Q4 2025, down 22.98% YoY from $2.5 million in Q4 2024, and down 5.39% on a QoQ basis from $2.0 million in Q3 2025.
Nextnav (NN) Cost of Revenue (2021 - 2026) Analysis & Trends
Nextnav (NN) has 5 years of Cost of Revenue data on file, last reported at $1.9 million in Q4 2025.
- Quarterly Cost of Revenue fell 22.98% year-over-year to $1.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $8.5 million (down 20.76% YoY) and the FY2025 annual result came in at $8.5 million, down 20.76% from the prior year.
- Cost of Revenue eased to $1.9 million in Q4 2025, from $2.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $7.4 million in Q1 2021 to a low of $1.9 million in Q4 2025.
- A 5-year average of $3.1 million and a median of $2.9 million in 2022 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 36.85% in 2022, down 58.95% in 2022.
- Tracing NN's Cost of Revenue over 5 years: stood at $6.7 million in 2021, then slumped by 56.29% to $2.9 million in 2022, then advanced by 13.89% to $3.3 million in 2023, then decreased by 25.07% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Nextnav | 2.70 Bn | 2.32 Bn | -905,000.00 | 2.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.06 Mn |
| Jun 30, 2026 | 2.06 Mn |
| Dec 31, 2025 | 1.93 Mn |
| Dec 31, 2025 | 1.93 Mn |
| Sep 30, 2025 | 2.04 Mn |
| Sep 30, 2025 | 2.04 Mn |
| Jun 30, 2025 | 2.04 Mn |
| Jun 30, 2025 | 2.04 Mn |
| Mar 31, 2025 | 2.53 Mn |
| Mar 31, 2025 | 2.53 Mn |
| Dec 31, 2024 | 2.51 Mn |
| Dec 31, 2024 | 2.51 Mn |
| Sep 30, 2024 | 2.59 Mn |
| Sep 30, 2024 | 2.59 Mn |
| Jun 30, 2024 | 2.92 Mn |
| Jun 30, 2024 | 2.92 Mn |
| Mar 31, 2024 | 2.76 Mn |
| Mar 31, 2024 | 2.76 Mn |
| Dec 31, 2023 | 3.35 Mn |
| Dec 31, 2023 | 3.35 Mn |