What move does the options market price into Dutch Bros's report?

Implied ±9.3%, either direction.

BROSNYSERetail-Eating & Drinking Places

Dutch Bros Inc. (BROS) earnings date, market-implied expected move, and options open interest by expiry

42.77

Closed18:57 ET

Open43.83Volume3.5MMkt cap$7.5BP/E81.07

Day42.51 – 44.0916%52-wk36.51 – 74.0217%

BROS

Dutch Bros Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.3%implied · report alone

38.9046.84

straddle ±10.8%

spot 42.87exp Nov 6ATM strike 43ATM straddle 5.43IV 114%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

−18.79%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+17.97%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

558 managers

Top fund weight

0.25%

BROS weight · MDY

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Dutch Bros (BROS) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▼−18.79%—

quarterimplied−20%0+20%realized×

Q2 FY26—▼−18.79%—

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

Implied vs realized

Positioning

OI · 8 expiries · Oct 30 close

1.57OI · 8 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

7,968+11%Nov 66d5,079+24%

706+86%Nov 1313d0.561,264+22%0.56

5,805+1%Nov 2020d0.5710,233−6%0.57

387+27%Nov 2727d1.07360+30%1.07

46—Dec 434d0.9847—0.98

3 later expiries

1,118+7%Dec 1848d1.51739+4%1.51

11,379−2%Jan 1576d0.51

ExpiryPutsCallsP/C

Nov 66d7,968+11%5,079+24%1.57

Nov 1313d706+86%1,264+22%0.56

Nov 2020d5,805+1%10,233−6%0.57

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.8%

Funds 3

MDY±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

9.37%as filednet margin · revenue +18.61% QoQ · +32.48% YoY

Revenue

$551M+18.61% QoQ

Gross profit

$151M+40.55% QoQ

27.42% margin

Operating income

$70M+105.26% QoQ

12.78% margin

Pre-tax income

$64M+137.84% QoQ

Net income

$52M+118.07% QoQ

9.37% margin

Cost of revenue

$400M+12.01% QoQ

Operating expenses

$81M+10.22% QoQ

Other expense

$6M

Tax

$13M+277.82% QoQ

Revenue$551M+18.61%

Gross profit

$151M+40.55%

27.42% margin

Operating income

$70M+105.26%

12.78% margin

Pre-tax income

$64M+137.84%

Net income

$52M+118.07%

9.37% margin

Cost of revenue

$400M+12.01%

Operating expenses

$81M+10.22%

Other expense

$6M

Tax$13M+277.82%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:45 ET

Intraday

Event sensitivity

FOMC ×1.22· ±2.9% vs ±2.4% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.9%9 of 24×1.22

PPIproducer prices±2.8%4 of 11×1.20

CPIconsumer prices±2.4%7 of 11×1.00

PCEpersonal income & outlays±2.1%8 of 19×0.87

GDPgross domestic product±1.8%9 of 19×0.77

NFPjobs report±1.7%3 of 10×0.73

CPROFcorporate profits±1.5%5 of 12×0.62

Bar = avg |move| to ±3% · tick = ±2.4% avg day · ×base = |move| ÷ ±2.4% · min 6 releases

Earnings history

EPS 0.28 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.28	—
Q1 FY26	—	0.13	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod