Black Rock Coffee Bar, Inc. · Brief

Next report

9 days

Nov 11 · before openest.Q3 FY26

Expected move

±15.1%implied · report alone

8.8311.97

straddle ±18.6%

spot 10.40exp Nov 20ATM strike 10ATM straddle 2.28IV 116%

Oct 30 closereport share · term structure

Expected move

4 reportsHistory

2 of 4≥ implied

Q3 FY25±16.5%▼−5.05%×0.31

Q1 FY26±19.5%▲+9.59%×0.49

May 12 '26±22.1%▼−30.26%×1.37

Q2 FY26±16.9%▲+19.10%×1.13

quarterimplied−35%0+35%realized×

Q2 FY26±16.9%▲+19.10%×1.13

May '26±22.1%▼−30.26%×1.37

Q1 FY26±19.5%▲+9.59%×0.49

Q3 FY25±16.5%▼−5.05%×0.31

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Nov 11 report · est.

Bull2 of 3

+43.71%change in shares held by the ten largest reporting managers over the latest quarter13F · Jun 30 '26

93managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2 of 3

17managers whose positions together make up four fifths of the reported value13F · Jun 30 '26

5 of 25of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 28 '26once per report · top 2 per case

BRCB report session

No linked exposure.

Oct 28impliedImplied move: ±22.7% into Nov 11 earnings (Oct 28 close).Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.