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Side-by-side financial comparison of MOBIX LABS, INC (MOBX) and NEXTNAV INC. (NN). Click either name above to swap in a different company.
MOBIX LABS, INC is the larger business by last-quarter revenue ($1.9M vs $945.0K, roughly 2.0× NEXTNAV INC.). MOBIX LABS, INC runs the higher net margin — -540.0% vs -7191.7%, a 6651.7% gap on every dollar of revenue. On growth, MOBIX LABS, INC posted the faster year-over-year revenue change (-40.8% vs -50.5%). Over the past eight quarters, MOBIX LABS, INC's revenue compounded faster (28.0% CAGR vs -5.0%).
NextNav Inc. is a specialized technology company focused on high-precision 3D geolocation and positioning solutions. Its services deliver accurate vertical location data for public safety operations, IoT use cases, mobile network management, and commercial location services, catering to enterprise and government clients across North America and select global markets.
MOBX vs NN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $945.0K |
| Net Profit | $-10.1M | $-68.0M |
| Gross Margin | 31.0% | — |
| Operating Margin | -471.1% | -1706.1% |
| Net Margin | -540.0% | -7191.7% |
| Revenue YoY | -40.8% | -50.5% |
| Net Profit YoY | 49.0% | -110.6% |
| EPS (diluted) | $-0.16 | $-0.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9M | $945.0K | ||
| Q3 25 | $1.9M | $887.0K | ||
| Q2 25 | $2.4M | $1.2M | ||
| Q1 25 | $2.5M | $1.5M | ||
| Q4 24 | $3.2M | $1.9M | ||
| Q3 24 | $3.0M | $1.6M | ||
| Q2 24 | $2.1M | $1.1M | ||
| Q1 24 | $1.1M | $1.0M |
| Q4 25 | $-10.1M | $-68.0M | ||
| Q3 25 | $-15.7M | $483.0K | ||
| Q2 25 | $-8.3M | $-63.2M | ||
| Q1 25 | $-2.3M | $-58.6M | ||
| Q4 24 | $-19.8M | $-32.3M | ||
| Q3 24 | $-11.5M | $-13.6M | ||
| Q2 24 | $-7.7M | $-24.4M | ||
| Q1 24 | $-1.8M | $-31.6M |
| Q4 25 | 31.0% | — | ||
| Q3 25 | 50.5% | — | ||
| Q2 25 | 57.4% | — | ||
| Q1 25 | 40.6% | — | ||
| Q4 24 | 53.2% | — | ||
| Q3 24 | 56.6% | — | ||
| Q2 24 | 35.5% | — | ||
| Q1 24 | 16.9% | — |
| Q4 25 | -471.1% | -1706.1% | ||
| Q3 25 | -834.9% | -2239.6% | ||
| Q2 25 | -343.4% | -1434.3% | ||
| Q1 25 | -311.7% | -1104.9% | ||
| Q4 24 | -461.7% | -772.6% | ||
| Q3 24 | -378.0% | -862.0% | ||
| Q2 24 | -454.2% | -1387.5% | ||
| Q1 24 | -747.8% | -1544.0% |
| Q4 25 | -540.0% | -7191.7% | ||
| Q3 25 | -835.8% | 54.5% | ||
| Q2 25 | -352.0% | -5257.5% | ||
| Q1 25 | -91.2% | -3806.3% | ||
| Q4 24 | -626.0% | -1688.6% | ||
| Q3 24 | -390.6% | -846.9% | ||
| Q2 24 | -373.1% | -2207.2% | ||
| Q1 24 | -153.1% | -3022.0% |
| Q4 25 | $-0.16 | $-0.37 | ||
| Q3 25 | $-0.26 | $-0.12 | ||
| Q2 25 | $-0.17 | $-0.48 | ||
| Q1 25 | $-0.06 | $-0.45 | ||
| Q4 24 | $-0.52 | $-0.24 | ||
| Q3 24 | $-0.33 | $-0.11 | ||
| Q2 24 | $-0.25 | $-0.21 | ||
| Q1 24 | $-0.21 | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $259.5M |
| Total DebtLower is stronger | $6.3M | — |
| Stockholders' EquityBook value | $4.7M | $-86.2M |
| Total Assets | $32.7M | $247.0M |
| Debt / EquityLower = less leverage | 1.34× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $259.5M | ||
| Q3 25 | — | $167.6M | ||
| Q2 25 | — | $176.1M | ||
| Q1 25 | — | $188.4M | ||
| Q4 24 | — | $80.1M | ||
| Q3 24 | — | $86.8M | ||
| Q2 24 | — | $86.3M | ||
| Q1 24 | — | $79.2M |
| Q4 25 | $6.3M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $3.4M | — | ||
| Q2 24 | $3.2M | — | ||
| Q1 24 | $3.2M | — |
| Q4 25 | $4.7M | $-86.2M | ||
| Q3 25 | $-336.0K | $-22.1M | ||
| Q2 25 | $425.0K | $-47.2M | ||
| Q1 25 | $342.0K | $6.6M | ||
| Q4 24 | $-3.0M | $50.1M | ||
| Q3 24 | $5.5M | $65.6M | ||
| Q2 24 | $8.5M | $63.8M | ||
| Q1 24 | $4.2M | $55.9M |
| Q4 25 | $32.7M | $247.0M | ||
| Q3 25 | $37.1M | $263.1M | ||
| Q2 25 | $34.6M | $256.7M | ||
| Q1 25 | $36.5M | $268.6M | ||
| Q4 24 | $37.3M | $161.7M | ||
| Q3 24 | $39.1M | $171.7M | ||
| Q2 24 | $41.3M | $172.3M | ||
| Q1 24 | $29.5M | $165.6M |
| Q4 25 | 1.34× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.26× | — | ||
| Q1 25 | 13.44× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.8M | $-16.1M |
| Free Cash FlowOCF − Capex | — | $-16.1M |
| FCF MarginFCF / Revenue | — | -1702.9% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-50.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.8M | $-16.1M | ||
| Q3 25 | $-4.5M | $-9.0M | ||
| Q2 25 | $-4.1M | $-13.5M | ||
| Q1 25 | $-586.0K | $-12.2M | ||
| Q4 24 | $-930.0K | $-11.9M | ||
| Q3 24 | $-3.6M | $-6.8M | ||
| Q2 24 | $-3.1M | $-12.3M | ||
| Q1 24 | $-8.1M | $-7.0M |
| Q4 25 | — | $-16.1M | ||
| Q3 25 | — | $-9.0M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $-12.2M | ||
| Q4 24 | — | $-12.1M | ||
| Q3 24 | $-4.6M | $-6.8M | ||
| Q2 24 | $-3.1M | $-12.4M | ||
| Q1 24 | $-9.1M | $-7.0M |
| Q4 25 | — | -1702.9% | ||
| Q3 25 | — | -1011.6% | ||
| Q2 25 | — | -1127.4% | ||
| Q1 25 | — | -793.3% | ||
| Q4 24 | — | -634.0% | ||
| Q3 24 | -157.1% | -422.0% | ||
| Q2 24 | -151.8% | -1126.1% | ||
| Q1 24 | -794.1% | -670.8% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 34.5% | 0.1% | ||
| Q2 24 | 2.2% | 13.5% | ||
| Q1 24 | 87.3% | 3.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -18.56× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MOBX
| US | $1.7M | 92% |
| Other | $155.0K | 8% |
NN
Segment breakdown not available.
