Nextnav (NN) Operating Expenses (2021 - 2026)
Nextnav's (NN) quarterly Operating Expenses came in at $17.1 million in Q4 2025, up 2.35% YoY from $16.7 million in Q4 2024, and down 17.75% on a QoQ basis from $20.8 million in Q3 2025.
Nextnav (NN) Operating Expenses (2021 - 2026) Analysis & Trends
Nextnav (NN) has 5 years of Operating Expenses data on file, last reported at $17.1 million in Q4 2025.
- Quarterly Operating Expenses rose 2.35% year-over-year to $17.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $74.8 million (up 13.74% YoY) and the FY2025 annual result came in at $74.8 million, up 13.74% from the prior year.
- Operating Expenses retreated to $17.1 million in Q4 2025, from $20.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $21.1 million in Q4 2023 to a low of $7.3 million in Q3 2021.
- A 5-year average of $16.0 million and a median of $16.6 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 152.53% — and 2024, when it retreated 21.09%.
- Tracing NN's Operating Expenses over 5 years: stood at $14.2 million in 2021, then advanced by 8.2% to $15.3 million in 2022, then surged by 37.79% to $21.1 million in 2023, then slipped by 21.09% to $16.7 million in 2024, then climbed by 2.35% to $17.1 million in 2025.
- The last three Operating Expenses figures came in at $17.1 million (Q4 2025), $20.8 million (Q3 2025), and $18.4 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Nextnav | 2.70 Bn | 2.32 Bn | -905,000.00 | 21.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.40 Mn |
| Dec 31, 2025 | 17.07 Mn |
| Sep 30, 2025 | 20.75 Mn |
| Jun 30, 2025 | 18.44 Mn |
| Mar 31, 2025 | 18.54 Mn |
| Dec 31, 2024 | 16.68 Mn |
| Sep 30, 2024 | 15.46 Mn |
| Jun 30, 2024 | 16.44 Mn |
| Mar 31, 2024 | 17.20 Mn |
| Dec 31, 2023 | 21.13 Mn |
| Sep 30, 2023 | 15.65 Mn |
| Jun 30, 2023 | 15.83 Mn |
| Mar 31, 2023 | 14.78 Mn |
| Dec 31, 2022 | 15.34 Mn |
| Sep 30, 2022 | 18.44 Mn |
| Jun 30, 2022 | 18.44 Mn |
| Mar 31, 2022 | 17.25 Mn |
| Dec 31, 2021 | 14.18 Mn |
| Sep 30, 2021 | 7.30 Mn |
| Jun 30, 2021 | 8.85 Mn |