Nextnav (NN) Operating Expenses (2021 - 2025)
Nextnav (NN) posted Operating Expenses of $17.1 million for Q4 2025, down 17.75% on a QoQ basis from $20.8 million in Q3 2025, and up 2.35% year-over-year from $16.7 million in Q4 2024.
Nextnav (NN) Operating Expenses (2021 - 2025) Analysis & Trends
Nextnav's Operating Expenses history runs 5 years deep, the most recent figure standing at $17.1 million for 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 was $17.1 million for Q4 2025 at Nextnav, down from $20.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $21.1 million in Q4 2023 and bottomed at $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 dropped 21.09%.
- Nextnav's Operating Expenses stood at $14.2 million in 2021, then grew by 8.2% to $15.3 million in 2022, then jumped by 37.79% to $21.1 million in 2023, then declined by 21.09% to $16.7 million in 2024, then increased by 2.35% to $17.1 million in 2025.
- Business Quant data shows NN's Operating Expenses at $17.1 million in Q4 2025, $20.8 million in Q3 2025, and $18.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Nextnav | 1.77 Mn | -150.37 Mn | -986,000.00 | 17.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 12.86 Mn |