Equity Profile

NN

NextNav Inc.

Information TechnologyApplication Software$3.3B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

NextNav Inc. operates in the information technology sector, focusing on application software....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

$-0.15

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its services.

$1M

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

NN Q2-2026 Earnings Preview

Context

Company Snapshot

NextNav Inc. operates in the information technology sector, focusing on application software. The company is known for its innovative positioning technology, which is increasingly important as industries seek to enhance location-based services and applications.

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NextNav to report a loss again this quarter, with a consensus EPS of $-0.15. The market is closely watching for any signs of revenue growth amidst ongoing losses.

Bull Case

If NextNav can beat EPS expectations and show signs of revenue growth, it may indicate improving operational efficiency and market demand, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses on EPS and revenue expectations, it could raise concerns about its business model and future profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$-0.15

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

Revenue

$1M

Revenue figures will provide insight into the company's sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NextNav's EPS come in better than the consensus estimate of $-0.15?

A better-than-expected EPS could signal improved cost management and operational efficiency, which is crucial for investor confidence.

What revenue figures will NextNav report, given the consensus of $1M?

Revenue performance will be a key indicator of market demand for NextNav's services and could influence future growth projections.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for NextNav to exceed its EPS expectations, given recent operational improvements and market demand for its technology.

Supporting Evidence

Last quarter, NextNav surprised the market with a smaller-than-expected loss, indicating potential for continued improvement.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility that could favor a positive outcome.

Key Risk

If NextNav's revenue exceeds $1M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether NextNav can demonstrate improved financial performance despite ongoing losses.

Bull Confirmed If

An EPS of better than $-0.15 and revenue exceeding $1M would confirm the bull case.

Bear Confirmed If

An EPS worse than $-0.15 and revenue below $1M would confirm the bear case.

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 that investors expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NextNav beats expectations, history suggests the stock could rise, potentially confirming a turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further clarity on future growth.

Miss

If the company misses expectations, history suggests a potential decline in stock price, reflecting ongoing concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition or partnerships that could drive revenue growth.
2Management's commentary on cost management strategies and their impact on EPS.
3Insights into market demand for NextNav's positioning technology.
4Future guidance on revenue expectations for the upcoming quarters.
5Details on any new product launches or technological advancements.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

NextNav Inc. operates in the information technology sector, focusing on application software....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

$-0.15

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its services.

$1M

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

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NextNav to report a loss again this quarter, with a consensus EPS of $-0.15. The market is closely watching for any signs of revenue growth amidst ongoing losses.

Bull Case

If NextNav can beat EPS expectations and show signs of revenue growth, it may indicate improving operational efficiency and market demand, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses on EPS and revenue expectations, it could raise concerns about its business model and future profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$-0.15

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

Revenue

$1M

Revenue figures will provide insight into the company's sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NextNav's EPS come in better than the consensus estimate of $-0.15?

A better-than-expected EPS could signal improved cost management and operational efficiency, which is crucial for investor confidence.

What revenue figures will NextNav report, given the consensus of $1M?

Revenue performance will be a key indicator of market demand for NextNav's services and could influence future growth projections.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for NextNav to exceed its EPS expectations, given recent operational improvements and market demand for its technology.

Supporting Evidence

Last quarter, NextNav surprised the market with a smaller-than-expected loss, indicating potential for continued improvement.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility that could favor a positive outcome.

Key Risk

If NextNav's revenue exceeds $1M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether NextNav can demonstrate improved financial performance despite ongoing losses.

Bull Confirmed If

An EPS of better than $-0.15 and revenue exceeding $1M would confirm the bull case.

Bear Confirmed If

An EPS worse than $-0.15 and revenue below $1M would confirm the bear case.

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 that investors expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NextNav beats expectations, history suggests the stock could rise, potentially confirming a turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further clarity on future growth.

Miss

If the company misses expectations, history suggests a potential decline in stock price, reflecting ongoing concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition or partnerships that could drive revenue growth.
2Management's commentary on cost management strategies and their impact on EPS.
3Insights into market demand for NextNav's positioning technology.
4Future guidance on revenue expectations for the upcoming quarters.
5Details on any new product launches or technological advancements.