NextNav Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 12, 2026, reporting significant changes to its balance sheet including the elimination of long-term debt and a substantial increase in total assets.

Key Highlights

  • Total assets reached $379,701 thousand as of September 30, 2026, up from $247,019 thousand at December 31, 2025, according to the filing.
  • Long-term debt fell to zero from $273,589 thousand at December 31, 2025, the condensed consolidated balance sheet shows.
  • Cash and cash equivalents were $63,883 thousand at September 30, 2026, compared to $44,757 thousand at year-end 2025.
  • Short-term investments totaled $200,214 thousand at September 30, 2026, up from $107,381 thousand at December 31, 2025.
  • Warrants liability declined to $1,623 thousand from $33,167 thousand at December 31, 2025, the filing disclosed.
  • Shares outstanding were 169,848,254 as of September 30, 2026, versus 135,372,269 at December 31, 2025, with 169,981,271 shares outstanding as of November 6, 2026.
  • Additional paid-in capital was $1,451,866 thousand at September 30, 2026, compared to $961,991 thousand at December 31, 2025.

NextNav Balance Sheet Shows Debt Elimination and Asset Growth in Q3 2026

According to the filing, NextNav Inc. (NASDAQ:NN) reported total assets of $379,701 thousand as of September 30, 2026, a marked increase from $247,019 thousand at December 31, 2025. The company is incorporated in Delaware and headquartered at 11911 Freedom Dr., Ste. 200, Reston, VA 20190. The filing classifies NextNav as a non-accelerated filer and an emerging growth company.

The condensed consolidated balance sheet disclosed that long-term debt, net, stood at zero as of September 30, 2026, compared to $273,589 thousand at the prior year-end. Simultaneously, the filing reported that short-term investments grew to $200,214 thousand from $107,381 thousand, and the company also held $26,824 thousand in long-term investments, a category that carried no balance at December 31, 2025. Total current assets were reported at $269,665 thousand, up from $157,411 thousand at December 31, 2025.

On the liabilities side, the filing reported total liabilities of $25,778 thousand as of September 30, 2026, compared to $333,254 thousand at December 31, 2025. The warrants liability decreased to $1,623 thousand from $33,167 thousand over the same period. Total current liabilities were $11,189 thousand, down from $12,385 thousand at year-end 2025. The filing notes that common stock is authorized at 500,000,000 shares, with 169,980,482 shares issued and 169,848,254 shares outstanding as of September 30, 2026. The filing contains forward-looking statements, which the company states are subject to its cautionary language and are not guarantees of future performance.

What Was Disclosed

NextNav Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing balance sheet data showing a large reduction in total liabilities, elimination of long-term debt, growth in investments and cash, and an increase in shares outstanding relative to December 31, 2025.