Equity Profile

NN

NextNav Inc.

Information TechnologyApplication Software$2.1B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

NextNav Inc. is a technology company specializing in application software that enhances location services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs relative to its revenue.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its market presence and attract new customers.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NN Q2-2026 Earnings Preview

Context

Company Snapshot

NextNav Inc. is a technology company specializing in application software that enhances location services. With a market cap of $2 billion, it plays a crucial role in the growing demand for precise positioning technology, which is increasingly important in various sectors including smart devices and autonomous vehicles.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-195.63%

Avg Stock Reaction

-3.09%

Last Quarter Recap

In the last quarter (Q1-2026), NextNav reported an EPS of -$0.12, which was better than the expected -$0.15, resulting in a positive surprise of 20%. The stock reacted positively, gaining 5.47% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for NextNav's upcoming earnings report are uncertain, given the lack of analyst estimates and management guidance. Investors are keen to see if the company can maintain its recent positive momentum.

Bull Case

If NextNav can report a smaller loss than expected or show signs of revenue growth, it could lead to increased investor confidence and a potential stock rally.

Bear Case

Conversely, if the company reports a larger loss or fails to show any revenue growth, it could lead to a significant decline in stock price as investors reassess the company's future prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining if the company is making progress towards profitability, which is a key concern for investors.

How much revenue growth can NextNav report?

Revenue growth will indicate the company's ability to attract and retain customers, and is essential for future valuation.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating NextNav's potential for customer acquisition, given its recent technological advancements and market positioning.

Supporting Evidence

The recent positive EPS surprise indicates better-than-expected cost management.

Options pricing suggests a significant move, indicating that investors are anticipating a more volatile outcome than historical performance would suggest.

Key Risk

If NextNav can demonstrate strong customer growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it could signal whether NextNav is on a path to recovery or facing deeper challenges.

Bull Confirmed If

An EPS loss of less than -$0.10 would confirm the bull case, suggesting improved cost management.

Bear Confirmed If

An EPS loss greater than -$0.15 would confirm the bear case, indicating ongoing financial struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±42.19%

Historical Avg

±5.0%

Pricing rich

The options market is pricing in a significant potential move, indicating high uncertainty around the upcoming earnings report.

Options are pricing ±42.2% while NN has averaged ±5.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

99.8%

Calls (643K)P/C Ratio: 0.16Puts (138K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NextNav beats expectations, history suggests a potential stock increase of around 5.04% on the first trading day after the report, confirming positive investor sentiment.

In-Line / Cautious

If the results are in line with expectations, the market may react cautiously, leading to minimal movement as investors await further clarity.

Miss

A miss could lead to a decline of about 3.02% based on historical patterns, as investors reassess the company's growth potential.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer contracts or partnerships that could drive revenue growth.
2Details on cost management strategies and their impact on EPS.
3Insights into market demand for NextNav's technology and how it compares to competitors.
4Management's outlook on future quarters and any guidance they provide.
5Responses to analyst questions regarding competitive positioning and market trends.

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Company Snapshot

NextNav Inc. is a technology company specializing in application software that enhances location services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs relative to its revenue.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its market presence and attract new customers.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-195.63%

Avg Stock Reaction

-3.09%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If NextNav can report a smaller loss than expected or show signs of revenue growth, it could lead to increased investor confidence and a potential stock rally.

Bear Case

Conversely, if the company reports a larger loss or fails to show any revenue growth, it could lead to a significant decline in stock price as investors reassess the company's future prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining if the company is making progress towards profitability, which is a key concern for investors.

How much revenue growth can NextNav report?

Revenue growth will indicate the company's ability to attract and retain customers, and is essential for future valuation.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating NextNav's potential for customer acquisition, given its recent technological advancements and market positioning.

Supporting Evidence

The recent positive EPS surprise indicates better-than-expected cost management.

Options pricing suggests a significant move, indicating that investors are anticipating a more volatile outcome than historical performance would suggest.

Key Risk

If NextNav can demonstrate strong customer growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it could signal whether NextNav is on a path to recovery or facing deeper challenges.

Bull Confirmed If

An EPS loss of less than -$0.10 would confirm the bull case, suggesting improved cost management.

Bear Confirmed If

An EPS loss greater than -$0.15 would confirm the bear case, indicating ongoing financial struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±42.19%

Historical Avg

±5.0%

Pricing rich

The options market is pricing in a significant potential move, indicating high uncertainty around the upcoming earnings report.

Options are pricing ±42.2% while NN has averaged ±5.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

99.8%

Calls (643K)P/C Ratio: 0.16Puts (138K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NextNav beats expectations, history suggests a potential stock increase of around 5.04% on the first trading day after the report, confirming positive investor sentiment.

In-Line / Cautious

If the results are in line with expectations, the market may react cautiously, leading to minimal movement as investors await further clarity.

Miss

A miss could lead to a decline of about 3.02% based on historical patterns, as investors reassess the company's growth potential.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer contracts or partnerships that could drive revenue growth.
2Details on cost management strategies and their impact on EPS.
3Insights into market demand for NextNav's technology and how it compares to competitors.
4Management's outlook on future quarters and any guidance they provide.
5Responses to analyst questions regarding competitive positioning and market trends.