vs

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

NEXTNAV INC. is the larger business by last-quarter revenue ($945.0K vs $893.0K, roughly 1.1× TherapeuticsMD, Inc.). On growth, TherapeuticsMD, Inc. posted the faster year-over-year revenue change (33.9% vs -50.5%). Over the past eight quarters, TherapeuticsMD, Inc.'s revenue compounded faster (68.9% 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.

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

NN vs TXMD — Head-to-Head

Bigger by revenue
NN
NN
1.1× larger
NN
$945.0K
$893.0K
TXMD
Growing faster (revenue YoY)
TXMD
TXMD
+84.4% gap
TXMD
33.9%
-50.5%
NN
Faster 2-yr revenue CAGR
TXMD
TXMD
Annualised
TXMD
68.9%
-5.0%
NN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NN
NN
TXMD
TXMD
Revenue
$945.0K
$893.0K
Net Profit
$-68.0M
Gross Margin
Operating Margin
-1706.1%
Net Margin
-7191.7%
Revenue YoY
-50.5%
33.9%
Net Profit YoY
-110.6%
-345.6%
EPS (diluted)
$-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.

Revenue
NN
NN
TXMD
TXMD
Q4 25
$945.0K
$893.0K
Q3 25
$887.0K
$784.0K
Q2 25
$1.2M
$952.0K
Q1 25
$1.5M
$393.0K
Q4 24
$1.9M
$667.0K
Q3 24
$1.6M
$547.0K
Q2 24
$1.1M
$234.0K
Q1 24
$1.0M
$313.0K
Net Profit
NN
NN
TXMD
TXMD
Q4 25
$-68.0M
Q3 25
$483.0K
$152.0K
Q2 25
$-63.2M
$551.0K
Q1 25
$-58.6M
$-653.0K
Q4 24
$-32.3M
Q3 24
$-13.6M
$-609.0K
Q2 24
$-24.4M
$-1.1M
Q1 24
$-31.6M
$-734.0K
Operating Margin
NN
NN
TXMD
TXMD
Q4 25
-1706.1%
Q3 25
-2239.6%
-109.9%
Q2 25
-1434.3%
-73.0%
Q1 25
-1104.9%
-221.6%
Q4 24
-772.6%
Q3 24
-862.0%
-207.3%
Q2 24
-1387.5%
-1191.9%
Q1 24
-1544.0%
-364.9%
Net Margin
NN
NN
TXMD
TXMD
Q4 25
-7191.7%
Q3 25
54.5%
19.4%
Q2 25
-5257.5%
57.9%
Q1 25
-3806.3%
-166.2%
Q4 24
-1688.6%
Q3 24
-846.9%
-111.3%
Q2 24
-2207.2%
-465.8%
Q1 24
-3022.0%
-234.5%
EPS (diluted)
NN
NN
TXMD
TXMD
Q4 25
$-0.37
Q3 25
$-0.12
$0.01
Q2 25
$-0.48
$0.05
Q1 25
$-0.45
$-0.06
Q4 24
$-0.24
Q3 24
$-0.11
$-0.05
Q2 24
$-0.21
$-0.09
Q1 24
$-0.28
$-0.06

Balance Sheet & Financial Strength

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

Metric
NN
NN
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
$259.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-86.2M
$26.9M
Total Assets
$247.0M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NN
NN
TXMD
TXMD
Q4 25
$259.5M
Q3 25
$167.6M
Q2 25
$176.1M
Q1 25
$188.4M
$5.7M
Q4 24
$80.1M
$5.1M
Q3 24
$86.8M
Q2 24
$86.3M
Q1 24
$79.2M
Stockholders' Equity
NN
NN
TXMD
TXMD
Q4 25
$-86.2M
$26.9M
Q3 25
$-22.1M
$27.4M
Q2 25
$-47.2M
$27.3M
Q1 25
$6.6M
$26.7M
Q4 24
$50.1M
$27.4M
Q3 24
$65.6M
$27.1M
Q2 24
$63.8M
$27.7M
Q1 24
$55.9M
$28.7M
Total Assets
NN
NN
TXMD
TXMD
Q4 25
$247.0M
$37.7M
Q3 25
$263.1M
$38.7M
Q2 25
$256.7M
$38.5M
Q1 25
$268.6M
$38.2M
Q4 24
$161.7M
$38.8M
Q3 24
$171.7M
Q2 24
$172.3M
$40.1M
Q1 24
$165.6M

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
TXMD
TXMD
Operating Cash FlowLast quarter
$-16.1M
$2.5M
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.

Operating Cash Flow
NN
NN
TXMD
TXMD
Q4 25
$-16.1M
$2.5M
Q3 25
$-9.0M
$999.0K
Q2 25
$-13.5M
$381.0K
Q1 25
$-12.2M
$699.0K
Q4 24
$-11.9M
$1.2M
Q3 24
$-6.8M
$-71.0K
Q2 24
$-12.3M
$1.5M
Q1 24
$-7.0M
$-229.0K
Free Cash Flow
NN
NN
TXMD
TXMD
Q4 25
$-16.1M
Q3 25
$-9.0M
Q2 25
$-13.6M
Q1 25
$-12.2M
Q4 24
$-12.1M
Q3 24
$-6.8M
Q2 24
$-12.4M
Q1 24
$-7.0M
FCF Margin
NN
NN
TXMD
TXMD
Q4 25
-1702.9%
Q3 25
-1011.6%
Q2 25
-1127.4%
Q1 25
-793.3%
Q4 24
-634.0%
Q3 24
-422.0%
Q2 24
-1126.1%
Q1 24
-670.8%
Capex Intensity
NN
NN
TXMD
TXMD
Q4 25
1.6%
Q3 25
0.9%
Q2 25
2.2%
Q1 25
1.9%
Q4 24
8.8%
Q3 24
0.1%
Q2 24
13.5%
Q1 24
3.1%
Cash Conversion
NN
NN
TXMD
TXMD
Q4 25
Q3 25
-18.56×
6.57×
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons