BHNYSERetail Trade

Biglari Holdings Inc. (BH) earnings date, market-implied expected move, and options open interest by expiry

393.71

+3.39 · +0.87%

post 392.90 −0.20%

Closed16:50 ET

Open390.00Volume30,746Mkt cap$1.2BEPS-109.67

Day390.00 – 395.0358%52-wk1,238.00 – 2,513.000%

Biglari Holdings Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Nov 6

after close · in 6 days

est.Q3 FY26

Calendar

Next report

Last report

—

Largest filed tie

filed ties

13F top-10 QoQ

+6.41%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

113 managers

Top fund weight

—

Biglari (BH) is expected to report on Nov 6 after close (estimated date).

Implied vs realized

No reported quarters.

Implied vs realized

Positioning

No open-interest data.

Positioning

Linked exposure

No linked exposure.

Linked exposure

Revenue flow

as filedQ2 FY26

36.79%as filednet margin · revenue +11.33% QoQ · +7.86% YoY

Revenue

$109M+11.33% QoQ

Gross profit

$64M+12.11% QoQ

59.03% margin

Operating income

$12M+681.85% QoQ

10.88% margin

Pre-tax income

$52M+373.38% QoQ

Net income

$40M+374.76% QoQ

36.79% margin

Cost of revenue

$44M+10.22% QoQ

Operating expenses

$52M−6.07% QoQ

SG&A $26M

Other operating $17M

Depreciation $10M

Tax

$12M+368.74% QoQ

Other income

$40M+295.24% QoQ

Revenue$109M+11.33%

Gross profit

$64M+12.11%

59.03% margin

Operating income

$12M+681.85%

10.88% margin

Pre-tax income

$52M+373.38%

Net income

$40M+374.76%

36.79% margin

Cost of revenue

$44M+10.22%

Operating expenses

$52M−6.07%

SG&A $26M

Other operating $17M

Depreciation $10M

Other income$40M+295.24%

Tax$12M+368.74%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:45 ET

Intraday

Event sensitivity

PPI ×1.14· ±2.2% vs ±2.0% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.2%6 of 11×1.14

NFPjobs report±2.2%5 of 10×1.14

CPIconsumer prices±2.2%7 of 11×1.13

CPROFcorporate profits±2.2%7 of 12×1.12

GDPgross domestic product±2.0%12 of 19×1.03

PCEpersonal income & outlays±2.0%9 of 19×1.02

FOMCrate decision±1.9%14 of 24×0.97

Bar = avg |move| to ±3% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS 158.17 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	158.17	—
Q1 FY26	—	-55.81	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod