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Side-by-side financial comparison of NEXTNAV INC. (NN) and PLUS THERAPEUTICS, INC. (PSTV). Click either name above to swap in a different company.

PLUS THERAPEUTICS, INC. is the larger business by last-quarter revenue ($1.4M vs $945.0K, roughly 1.4× NEXTNAV INC.). PLUS THERAPEUTICS, INC. runs the higher net margin — -417.9% vs -7191.7%, a 6773.8% gap on every dollar of revenue. On growth, PLUS THERAPEUTICS, INC. posted the faster year-over-year revenue change (-3.2% vs -50.5%). PLUS THERAPEUTICS, INC. produced more free cash flow last quarter ($-6.3M vs $-16.1M). Over the past eight quarters, NEXTNAV INC.'s revenue compounded faster (-5.0% CAGR vs -9.7%).

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.

Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company headquartered in Houston, Texas, that develops targeted radiotherapeutics and diagnostic services for brain and central nervous system (CNS) cancers. The company’s lead therapeutic candidate, marketed as REYOBIQ™, is an investigational liposomal radiopharmaceutical under clinical evaluation for recurrent glioblastoma, leptomeningeal metastases, and certain pediatric brain cancers. Plus Therapeutics also commercialized a molecu...

NN vs PSTV — Head-to-Head

Bigger by revenue
PSTV
PSTV
1.4× larger
PSTV
$1.4M
$945.0K
NN
Growing faster (revenue YoY)
PSTV
PSTV
+47.4% gap
PSTV
-3.2%
-50.5%
NN
Higher net margin
PSTV
PSTV
6773.8% more per $
PSTV
-417.9%
-7191.7%
NN
More free cash flow
PSTV
PSTV
$9.8M more FCF
PSTV
$-6.3M
$-16.1M
NN
Faster 2-yr revenue CAGR
NN
NN
Annualised
NN
-5.0%
-9.7%
PSTV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NN
NN
PSTV
PSTV
Revenue
$945.0K
$1.4M
Net Profit
$-68.0M
$-5.7M
Gross Margin
Operating Margin
-1706.1%
-420.0%
Net Margin
-7191.7%
-417.9%
Revenue YoY
-50.5%
-3.2%
Net Profit YoY
-110.6%
-46.4%
EPS (diluted)
$-0.37
$0.95

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.

Revenue
NN
NN
PSTV
PSTV
Q4 25
$945.0K
$1.4M
Q3 25
$887.0K
$1.4M
Q2 25
$1.2M
$1.4M
Q1 25
$1.5M
$1.1M
Q4 24
$1.9M
$1.4M
Q3 24
$1.6M
$1.5M
Q2 24
$1.1M
$1.3M
Q1 24
$1.0M
$1.7M
Net Profit
NN
NN
PSTV
PSTV
Q4 25
$-68.0M
$-5.7M
Q3 25
$483.0K
$-4.4M
Q2 25
$-63.2M
$5.2M
Q1 25
$-58.6M
$-17.4M
Q4 24
$-32.3M
$-3.9M
Q3 24
$-13.6M
$-2.9M
Q2 24
$-24.4M
$-2.9M
Q1 24
$-31.6M
$-3.3M
Operating Margin
NN
NN
PSTV
PSTV
Q4 25
-1706.1%
-420.0%
Q3 25
-2239.6%
-320.8%
Q2 25
-1434.3%
-110.6%
Q1 25
-1104.9%
-333.9%
Q4 24
-772.6%
-276.2%
Q3 24
-862.0%
-260.9%
Q2 24
-1387.5%
-289.1%
Q1 24
-1544.0%
-196.7%
Net Margin
NN
NN
PSTV
PSTV
Q4 25
-7191.7%
-417.9%
Q3 25
54.5%
-316.6%
Q2 25
-5257.5%
370.6%
Q1 25
-3806.3%
-1643.2%
Q4 24
-1688.6%
-276.4%
Q3 24
-846.9%
-197.4%
Q2 24
-2207.2%
-229.9%
Q1 24
-3022.0%
-194.5%
EPS (diluted)
NN
NN
PSTV
PSTV
Q4 25
$-0.37
$0.95
Q3 25
$-0.12
$-0.04
Q2 25
$-0.48
$-0.01
Q1 25
$-0.45
$-1.19
Q4 24
$-0.24
$-0.51
Q3 24
$-0.11
$-0.37
Q2 24
$-0.21
$-0.71
Q1 24
$-0.28
$-0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NN
NN
PSTV
PSTV
Cash + ST InvestmentsLiquidity on hand
$259.5M
$8.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-86.2M
$4.0M
Total Assets
$247.0M
$16.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NN
NN
PSTV
PSTV
Q4 25
$259.5M
$8.6M
Q3 25
$167.6M
$16.6M
Q2 25
$176.1M
$6.9M
Q1 25
$188.4M
$9.9M
Q4 24
$80.1M
$3.6M
Q3 24
$86.8M
$4.8M
Q2 24
$86.3M
$8.4M
Q1 24
$79.2M
$3.2M
Stockholders' Equity
NN
NN
PSTV
PSTV
Q4 25
$-86.2M
$4.0M
Q3 25
$-22.1M
$5.1M
Q2 25
$-47.2M
$3.0M
Q1 25
$6.6M
$-23.6M
Q4 24
$50.1M
$-8.9M
Q3 24
$65.6M
$-5.2M
Q2 24
$63.8M
$-7.6M
Q1 24
$55.9M
$-4.8M
Total Assets
NN
NN
PSTV
PSTV
Q4 25
$247.0M
$16.3M
Q3 25
$263.1M
$18.7M
Q2 25
$256.7M
$10.3M
Q1 25
$268.6M
$12.1M
Q4 24
$161.7M
$6.6M
Q3 24
$171.7M
$7.0M
Q2 24
$172.3M
$11.2M
Q1 24
$165.6M
$5.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NN
NN
PSTV
PSTV
Operating Cash FlowLast quarter
$-16.1M
$-6.3M
Free Cash FlowOCF − Capex
$-16.1M
$-6.3M
FCF MarginFCF / Revenue
-1702.9%
-459.9%
Capex IntensityCapex / Revenue
1.6%
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-50.8M
$-20.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NN
NN
PSTV
PSTV
Q4 25
$-16.1M
$-6.3M
Q3 25
$-9.0M
$-2.5M
Q2 25
$-13.5M
$-5.8M
Q1 25
$-12.2M
$-6.2M
Q4 24
$-11.9M
$-1.2M
Q3 24
$-6.8M
$-3.7M
Q2 24
$-12.3M
$-1.1M
Q1 24
$-7.0M
$-4.5M
Free Cash Flow
NN
NN
PSTV
PSTV
Q4 25
$-16.1M
$-6.3M
Q3 25
$-9.0M
$-2.6M
Q2 25
$-13.6M
$-5.8M
Q1 25
$-12.2M
$-6.2M
Q4 24
$-12.1M
$-1.2M
Q3 24
$-6.8M
$-3.7M
Q2 24
$-12.4M
$-1.2M
Q1 24
$-7.0M
$-4.6M
FCF Margin
NN
NN
PSTV
PSTV
Q4 25
-1702.9%
-459.9%
Q3 25
-1011.6%
-184.3%
Q2 25
-1127.4%
-417.6%
Q1 25
-793.3%
-583.1%
Q4 24
-634.0%
-86.5%
Q3 24
-422.0%
-253.7%
Q2 24
-1126.1%
-96.2%
Q1 24
-670.8%
-271.5%
Capex Intensity
NN
NN
PSTV
PSTV
Q4 25
1.6%
2.2%
Q3 25
0.9%
1.9%
Q2 25
2.2%
0.5%
Q1 25
1.9%
0.3%
Q4 24
8.8%
0.8%
Q3 24
0.1%
1.0%
Q2 24
13.5%
6.3%
Q1 24
3.1%
2.4%
Cash Conversion
NN
NN
PSTV
PSTV
Q4 25
Q3 25
-18.56×
Q2 25
-1.13×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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