Nextnav (NN) Operating Expenses (2021 - 2025)
Nextnav (NN) reported Operating Expenses of $17.1 million for Q4 2025, up 2.35% on a YoY basis from $16.7 million in Q4 2024, and down 17.75% quarter-over-quarter from $20.8 million in Q3 2025.
Nextnav (NN) Operating Expenses (2021 - 2025) Analysis & Trends
Nextnav has reported Operating Expenses for 5 years, with the latest figure at $17.1 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 2.35% year-over-year to $17.1 million; the trailing twelve-month figure through Dec 2025 stood at $74.8 million (up 13.74% YoY), and the FY2025 full-year result was $74.8 million, up 13.74% from the prior year.
- Operating Expenses for Q4 2025 stood at $17.1 million, down from $20.8 million in the prior quarter.
- The five-year high for Operating Expenses was $21.1 million in Q4 2023, with the low at $7.3 million in Q3 2021.
- Historically, Operating Expenses has averaged $16.0 million across 5 years, with a median of $16.6 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 152.53% — and 2024, when it retreated 21.09%.
- Nextnav's Operating Expenses 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 | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Nextnav | 2.78 Mn | -256.70 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 |