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NextNav Valuation Multiples
Discover revenue and EBITDA valuation multiples for NextNav and similar public comparables like BDStar, Shenzhen SED, Impinj, Fibocom Wireless and more.
NextNav Overview
About NextNav
NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation, and Timing services in the absence of GPS.
Founded
2021
HQ

Employees
96
Website
Financials (LTM)
EV
$3B
NextNav Financials
NextNav reported last 12-month revenue of $4M and negative EBITDA of ($44M).
In the same LTM period, NextNav generated ($4M) in gross profit, ($44M) in EBITDA losses, and had net loss of ($161M).
Revenue (LTM)
NextNav P&L
In the most recent fiscal year, NextNav reported revenue of $5M and EBITDA of ($40M).
NextNav expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4M | XXX | $5M | XXX | XXX | XXX |
| Gross Profit | ($4M) | XXX | ($4M) | XXX | XXX | XXX |
| Gross Margin | (97%) | XXX | (87%) | XXX | XXX | XXX |
| EBITDA | ($44M) | XXX | ($40M) | XXX | XXX | XXX |
| EBITDA Margin | (999%) | XXX | (885%) | XXX | XXX | XXX |
| EBIT Margin | (1523%) | XXX | (1418%) | XXX | XXX | XXX |
| Net Profit | ($161M) | XXX | ($189M) | XXX | XXX | XXX |
| Net Margin | (3689%) | XXX | (4138%) | XXX | XXX | XXX |
| Net Debt | — | — | $229M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NextNav Stock Performance
NextNav has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
NextNav's stock price is $22.85.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | 6.4% | XXX | XXX | XXX | $-1.39 |
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Start Free TrialNextNav Valuation Multiples
NextNav trades at 741.8x EV/Revenue multiple, and (74.3x) EV/EBITDA.
EV / Revenue (LTM)
NextNav Financial Valuation Multiples
As of April 18, 2026, NextNav has market cap of $3B and EV of $3B.
Equity research analysts estimate NextNav's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NextNav has a P/E ratio of (19.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 741.8x | XXX | 709.5x | XXX | XXX | XXX |
| EV/EBITDA | (74.3x) | XXX | (80.2x) | XXX | XXX | XXX |
| EV/EBIT | (48.7x) | XXX | (50.0x) | XXX | XXX | XXX |
| EV/Gross Profit | (762.9x) | XXX | (817.9x) | XXX | XXX | XXX |
| P/E | (19.3x) | XXX | (16.4x) | XXX | XXX | XXX |
| EV/FCF | (64.5x) | XXX | (65.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NextNav Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


NextNav Margins & Growth Rates
NextNav's revenue in the last 12 month declined by (16%).
NextNav's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.7M for the same period.
NextNav's rule of 40 is (1330%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NextNav's rule of X is (1352%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
NextNav Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (16%) | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Margin | (999%) | XXX | (885%) | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 27% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (1330%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (1352%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 465% | XXX | 414% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 1449% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NextNav Public Comps
See public comps and valuation multiples for other Transportation & Logistics Software and IoT comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NextNav | XXX | XXX | XXX | XXX | XXX | XXX |
| BDStar | XXX | XXX | XXX | XXX | XXX | XXX |
| Shenzhen SED | XXX | XXX | XXX | XXX | XXX | XXX |
| Impinj | XXX | XXX | XXX | XXX | XXX | XXX |
| Fibocom Wireless | XXX | XXX | XXX | XXX | XXX | XXX |
| EZVIZ Network | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NextNav M&A Activity
NextNav acquired XXX companies to date.
Last acquisition by NextNav was on XXXXXXXX, XXXXX. NextNav acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NextNav
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNextNav Investment Activity
NextNav invested in XXX companies to date.
NextNav made its latest investment on XXXXXXXX, XXXXX. NextNav invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NextNav
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NextNav
| When was NextNav founded? | NextNav was founded in 2021. |
| Where is NextNav headquartered? | NextNav is headquartered in United States. |
| How many employees does NextNav have? | As of today, NextNav has over 96 employees. |
| Who is the CEO of NextNav? | NextNav's CEO is Mariam Sorond. |
| Is NextNav publicly listed? | Yes, NextNav is a public company listed on Nasdaq. |
| What is the stock symbol of NextNav? | NextNav trades under NN ticker. |
| When did NextNav go public? | NextNav went public in 2021. |
| Who are competitors of NextNav? | NextNav main competitors are BDStar, Shenzhen SED, Impinj, Fibocom Wireless. |
| What is the current market cap of NextNav? | NextNav's current market cap is $3B. |
| What is the current revenue of NextNav? | NextNav's last 12 months revenue is $4M. |
| What is the current revenue growth of NextNav? | NextNav revenue growth (NTM/LTM) is (16%). |
| What is the current EV/Revenue multiple of NextNav? | Current revenue multiple of NextNav is 741.8x. |
| Is NextNav profitable? | No, NextNav is not profitable. |
| What is the current EBITDA of NextNav? | NextNav has negative EBITDA and is not profitable. |
| What is NextNav's EBITDA margin? | NextNav's last 12 months EBITDA margin is (999%). |
| What is the current EV/EBITDA multiple of NextNav? | Current EBITDA multiple of NextNav is (74.3x). |
| What is the current FCF of NextNav? | NextNav's last 12 months FCF is ($50M). |
| What is NextNav's FCF margin? | NextNav's last 12 months FCF margin is (1150%). |
| What is the current EV/FCF multiple of NextNav? | Current FCF multiple of NextNav is (64.5x). |
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