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

Implied ±26.7%, either direction · provisional.

How often does Mirum Pharmaceuticals move more than the options market prices?

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

MIRMNasdaqPharmaceutical Preparations

Mirum Pharmaceuticals, Inc. (MIRM) earnings date, market-implied expected move, and options open interest by expiry

95.47

+8.44 · +9.70%

Regular session13:38 ET

Open88.40Volume635,550Mkt cap$5.7BEPS-15.22

Day88.22 – 95.50100%52-wk63.23 – 130.0048%

MIRM

Mirum Pharmaceuticals, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±26.7%implied · straddle

63.83110.23

spot 87.03exp Mar 19ATM strike 85ATM straddle 27.30IV 66%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 24

after close · in 112 days

est.Q4 FY26

Calendar

Next report

Last report

Nov 3

after close

confirmedQ3 FY26Nov 3 close

Implied vs realized

Linked news

21hPFE · supplierPfizer names Cecile Guegan CFO; $1,300,000 base, $1,300,000 target incentive

News

Largest filed tie

13F top-10 QoQ

+22.46%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

Top fund weight

1.16%

MIRM weight · XBI

N-PORTJun 30 '26

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

Mirum Pharmaceuticals (MIRM) is expected to report on Feb 24 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±8.2%
avg realized: ±8.3%

Feb 26 '25Feb 26 '25confirmed±8.6%▼−7.02%×0.82

May 7 '25May 7 '25confirmed±7.6%▲+9.75%×1.28

Aug 6 '25Aug 6 '25confirmed±11.6%▲+12.04%×1.04

Nov 4 '25Nov 4 '25confirmed±8.2%▼−1.24%×0.15

Jan 12 '26Jan 12 '26confirmed±7.1%▲+3.38%×0.47

Q1 FY26Feb 25 '26confirmed±6.9%▼−15.13%×2.21

May 6 '26May 6 '26confirmed±6.1%▼−6.50%×1.07

Q2 FY26Aug 5 '26confirmed±9.3%▼−11.04%×1.19

quarterimplied−20%0+20%realized×

Q2 FY26±9.3%▼−11.04%×1.19

May '26±6.1%

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

Implied vs realized

Positioning

OI · 5 expiries · Nov 2 close

2.17OI · 5 expiries · Nov 2 closeP/C open interest · Mar 19 · first expiry after the report

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

240%Nov 2016d0.33730%0.33

5010%Dec 1844d0.371,370−4%0.37

1840%Jan 1572d0.862140%0.86

report · Feb 24 · after close · est.

1870%Mar 19135d860%

10%Apr 16163d0.1380%0.13

ExpiryPutsCallsP/C

Nov 2016d240%730%0.33

Dec 1844d5010%1,370−4%0.37

Jan 1572d1840%2140%0.86

report · Feb 24 · after close · est.

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

Positioning

Linked exposure

scenario · straddle±26.7%

Funds 4

XBI±0.3%

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

−21.95%as filednet margin · revenue +5.38% QoQ · +39.63% YoY

Revenue$186M+5.38%

Gross profit$151M81.06%+3.19%

Operating income−$60M−32.17%−40.46%

Pre-tax income−$40M+38.62%

Net income−$41M−21.95%+39.36%

Cost of revenue$35M+15.90%

Operating expenses$210M+11.60%

Tax$538,000−68.15%

Other income$20M+184.86%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 13:30 ET

Intraday

Event sensitivity

NFP ×1.53· ±3.1% vs ±2.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.1%7 of 10×1.53

FOMCrate decision±1.9%13 of 24×0.94

PCEpersonal income & outlays±1.8%13 of 19×0.89

GDPgross domestic product±1.8%11 of 19×0.88

PPIproducer prices±1.7%8 of 10×0.82

CPIconsumer prices±1.6%7 of 10×0.76

CPROFcorporate profits±1.4%8 of 12×0.67

Bar = avg |move| to ±4% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS -0.87 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	—	-0.87	—
Q2 FY26	Aug 5 '26 · confirmed	-1.06	—
Q1 FY26	Feb 25 '26 · confirmed	-13.43	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod