Nextnav Inc..

In the six months ended June 30, 2025 , net loss was $ 121.8 million, including a loss on the fair value of derivative liability and warrants of $58.0 million and debt extinguishment loss of $14.4 million as compared to a net loss of $ 56.0 million in the prior year period, including a loss on the fair value of warrants of $21.7 million.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Net long-term debt of $ 246.3 million includes derivative liability of $ 93.8 million, and is net of unamortized discount of $ 37.5 million, with a face value of $ 190.0 million.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Since its inception, NextNav has incurred recurring losses and generated negative cash flows from operations and has primarily relied upon debt and equity financings to fund its cash requirements.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

The Company believes that its cash and cash equivalents and marketable securities as of June 30, 2026 will be sufficient to meet its working capital and capital expenditure needs, including all contractual commitments, beyond the next 12 months from the filing of this Quarterly Report on Form 10-Q.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

The Company believes it will meet longer term expected future cash requirements and obligations through a combination of its existing cash and cash equivalents balances and marketable securities, cash flows from operations, and issuance of equity securities or debt offerings.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

For the six months ended June 30, 2026 and 2025 , the Company recorded gains of $ 2.4 million and $ 2.4 million respectively, from fair value changes from FVO available-for-sale debt securities, which were recorded within interest expense, net, in the Condensed Consolidated Statements of Comprehensive Loss.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

On June 24, 2025, NextNav s CEO participated in an event focused on the urgent need for GPS resiliency, featuring distinguished Congressional, FCC, DoD and public safety representatives.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav s future prospects, developments and business strategies.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

In particular, such forward-looking statements include the achievement of certain FCC-related milestones and FCC approvals, the ability to realize the broader spectrum capacity and the advancement of NextNav s terrestrial 3D PNT services, NextNav s position to drive growth in its 3D geolocation business and expansion of its next generation terrestrial 3D PNT technologies, the business plans, objectives, expectations and intentions of NextNav, and NextNav s estimated and future business strategies, competitive position, industry environment, potential growth opportunities, revenue, expenses, and profitability.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Forward-looking statements include, but are not limited to, statements regarding our management team s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav s future prospects, developments and business strategies.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These risks, uncertainties, assumptions and other important factors include, but are not limited to, those included in Part II, Item 1A, Risk Factors of the Company s quarterly reports on Form 10-Q, and Part I, Item 1A, Risk Factors of the NextNav s Annual Report on Form 10-K for the year ended December 31, 2024, as well as those otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the SEC ).

SEC original ↗Nextnav Inc.. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal Proceedings 32 Item 1A.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

Forward-looking statements are based on information available as of the date of this Quarterly Report on Form 10-Q, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026

No liability was recognized for the contingent consideration, as significant regulatory uncertainty resulted in the payment conditions not meeting the applicable accounting recognition criteria as of June 30, 2026 and December 31, 2025 .

SEC original ↗Nextnav Inc.. — 10-Q Quarterly report10-QAug 11, 2026