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

Implied ±15.6%, either direction · provisional.

How often does ICF International move more than the options market prices?

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

ICFINasdaqServices-Management Consulting Services

ICF International, Inc. (ICFI) earnings date, market-implied expected move, and options open interest by expiry

80.60

−14.78 · −15.50%

post 80.61 +0.01%

After hours16:00 ETdelayed

Open94.50Volume394,978Mkt cap$1.7BP/E15.12EPS5.33Div yield0.59%

Day80.58 – 94.500%52-wk58.62 – 100.6352%

ICFI

ICF International, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±15.6%implied · straddle

68.7594.25

spot 81.50exp Mar 19ATM strike 80ATM straddle 15.00IV 40%

Nov 6 closeprovisionalthin chain

Expected move

Inputs

Next report

Feb 25

after close · in 111 days

est.Q4 FY26

Calendar

Next report

Last report

Nov 5

after close

confirmedQ3 FY26

Implied vs realized

Largest filed tie

43.00%

of ICFI revenue · U.S. federal government departments and agencies

customerICFI 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+40.07%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

233 managers

Top fund weight

0.04%

ICFI weight · IWM

N-PORTJun 30 '26

3 funds

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

ICF International (ICFI) is expected to report on Feb 25 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±6.8%
avg realized: ±4.3%

Q3 FY25Oct 30 '25confirmed±8.5%▼−6.06%×0.71

Jan 15 '26Jan 15 '26confirmed±4.6%▼−0.30%×0.07

Feb 26 '26Feb 26 '26confirmed±7.0%▲+4.28%×0.61

Q1 FY26Mar 26 '26confirmed±8.4%▼−1.33%×0.16

May 7 '26May 7 '26confirmed±5.8%▼−6.56%×1.13

Q2 FY26Jun 24 '26confirmed±8.1%▼−4.09%×0.51

Aug 6 '26Aug 6 '26confirmed±6.1%▲+11.36%×1.87

Q3 FY26Sep 24 '26confirmed±6.2%▲+0.67%×0.11

quarterimplied−15%0+15%realized×

Q3 FY26±6.2%▲+0.67%×0.11

Aug '26±6.1%▲+11.36%×1.87

Q2 FY26±8.1%▼−4.09%×0.51

May '26±5.8%▼−6.56%×1.13

Q1 FY26±8.4%▼−1.33%×0.16

Feb '26±7.0%▲+4.28%×0.61

2 older reports

Jan '26±4.6%▼−0.30%×0.07

Q3 FY25±8.5%▼−6.06%×0.71

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

Implied vs realized

Positioning

OI · 3 expiries · Nov 4 close

—OI · 3 expiries · Nov 4 closeP/C open interest · Mar 19 · first expiry after the report

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

0—Nov 2014d—0——

20%Dec 1842d0.2580%0.25

report · Feb 25 · after close · est.

1—Mar 19133d0—

ExpiryPutsCallsP/C

Nov 2014d0—0——

Dec 1842d20%80%0.25

report · Feb 25 · after close · est.

Mar 19133d1—0——

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

Positioning

Linked exposure

scenario · straddle±15.6%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ3 FY26

6.74%as filednet margin · revenue −0.84% QoQ · +1.09% YoY

Revenue

$470M−0.84% QoQ

Gross profit

$179M+1.44% QoQ

38.08% margin

Operating income

$44M+9.43% QoQ

9.28% margin

Pre-tax income

$37M+13.89% QoQ

Net income

$32M+17.76% QoQ

6.74% margin

Cost of revenue

$291M−2.20% QoQ

Operating expenses

$136M−0.89% QoQ

SG&A $126M

Depreciation $10M

Other expense

$6M

Tax

$6M−3.98% QoQ

Revenue$470M−0.84%

Gross profit

$179M+1.44%

38.08% margin

Operating income

$44M+9.43%

9.28% margin

Pre-tax income

$37M+13.89%

Net income

$32M+17.76%

6.74% margin

Cost of revenue

$291M−2.20%

Operating expenses

$136M−0.89%

SG&A $126M

Depreciation $10M

Other expense

$6M

Tax$6M−3.98%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 6 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×2.85· ±4.3% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.3%6 of 10×2.85

PCEpersonal income & outlays±2.2%11 of 20×1.46

PPIproducer prices±2.2%7 of 11×1.45

CPIconsumer prices±1.5%3 of 11×1.03

GDPgross domestic product±1.4%12 of 20×0.95

FOMCrate decision±1.4%5 of 24×0.94

CPROFcorporate profits±1.4%7 of 12×0.91

Bar = avg |move| to ±5% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 1.76 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Sep 24 '26 · confirmed	1.76	—
Q2 FY26	Jun 24 '26 · confirmed	1.49	—
Q1 FY26	Mar 26 '26 · confirmed	1.12	—
Q3 FY25	Oct 30 '25 · confirmed	1.28	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod