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

Implied ±10.8%, either direction.

How often does Dave move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

DAVENasdaqFinance Services

Dave Inc. (DAVE) earnings date, market-implied expected move, and options open interest by expiry

317.10

Closed16:44 ET

Open335.00Volume384,525Mkt cap$4.0BP/E19.08EPS16.62

Day310.88 – 335.0026%52-wk152.21 – 458.2554%

DAVE

Dave Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.8%implied · report alone

8Q avg ±17.2%·×0.63·cheap

282.45351.13

straddle ±12.9%

spot 316.79exp Nov 6ATM strike 317.5ATM straddle 47.90IV 136%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

before open · in 3 days

est.Q3 FY26

Calendar

Next report

Last report

−15.09%

vs ±13.1% implied · ×1.15

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

2dMA · supplierMastercard Q3 net income $4,628 million, net revenue $9,807 million, EPS $5.28

News

Largest filed tie

13F top-10 QoQ

+25.09%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

351 managers

Top fund weight

0.12%

DAVE weight · IWM

N-PORTJun 30 '26

3 funds

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

Dave (DAVE) is expected to report on Nov 3 before open (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±15.4%
avg realized: ±17.2%

Nov 12 '24Nov 12 '24confirmed±15.4%▲+44.00%×2.87

Mar 3 '25Mar 3 '25confirmed±25.1%▼−4.89%×0.19

May 8 '25May 8 '25confirmed±13.7%▲+41.64%×3.04

Aug 6 '25Aug 6 '25confirmed±17.1%▼−17.89%×1.04

Q3 FY25Nov 4 '25confirmed±17.4%▼−2.30%×0.13

Q1 FY26Mar 2 '26confirmed±11.5%▲+4.90%×0.43

May 5 '26May 5 '26confirmed±9.9%▼−6.61%×0.67

Q2 FY26Aug 5 '26confirmed±13.1%▼−15.09%×1.15

quarterimplied−45%0+45%realized×

Q2 FY26±13.1%▼−15.09%×1.15

May '26±9.9%

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

Implied vs realized

Positioning

OI · 9 expiries · Oct 30 close

0.30OI · 9 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

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

248+39%Nov 66d827+38%

161+10%Nov 1313d2.9355+20%2.93

1,799−5%Nov 2020d1.091,6540%1.09

49−25%Nov 2727d12.254+100%12.25

30%Dec 434d3.0010%3.00

4 later expiries

0—Dec 1141d—0——

4,001−17%Dec 1848d3.96

ExpiryPutsCallsP/C

Nov 66d248+39%827+38%0.30

Nov 1313d161+10%55+20%2.93

Nov 2020d1,799−5%1,6540%1.09

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

Positioning

Linked exposure

scenario · straddle±12.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 1

MA±0.9%×0.07

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

3.92%as filednet margin · revenue +7.81% QoQ · +29.63% YoY

Revenue

$171M+7.81% QoQ

Gross profit

$142M+7.70% QoQ

83.13% margin

Operating income

$52M−12.30% QoQ

30.59% margin

Pre-tax income

$15M−79.09% QoQ

Net income

$7M−88.46% QoQ

3.92% margin

Cost of revenue

$29M+8.40% QoQ

Operating expenses

$119M+64.06% QoQ

Other operating $58M

Marketing $20M

SG&A $12M

Other operating $29M

Other expense

$38M

Tax

$8M−34.69% QoQ

Revenue$171M+7.81%

Gross profit

$142M+7.70%

83.13% margin

Operating income

$52M−12.30%

30.59% margin

Pre-tax income

$15M−79.09%

Net income

$7M−88.46%

3.92% margin

Cost of revenue

$29M+8.40%

Operating expenses

$119M+64.06%

Other operating $58M

Marketing $20M

SG&A $12M

Other expense

$38M

Tax$8M−34.69%

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 · 16:30 ET

Intraday

Event sensitivity

PPI ×1.18· ±4.7% vs ±4.0% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±4.7%5 of 10×1.18

FOMCrate decision±3.9%13 of 24×0.97

NFPjobs report±3.7%5 of 10×0.94

CPROFcorporate profits±3.5%7 of 12×0.89

GDPgross domestic product±3.4%9 of 19×0.86

CPIconsumer prices±3.2%5 of 10×0.80

PCEpersonal income & outlays±2.5%6 of 19×0.62

Bar = avg |move| to ±5% · tick = ±4.0% avg day · ×base = |move| ÷ ±4.0% · min 6 releases

Earnings history

EPS 0.49 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.49	—
Q1 FY26	Mar 2 '26 · confirmed	4.02	—
Q3 FY25	Nov 4 '25 · confirmed	6.34	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod