MIAX Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,337	1,123	1,025	788.51	744.87
Other Revenue	27	16.75	15.7	9.41	6.68
Revenue	1,364	1,140	1,041	797.92	751.54
Revenue Growth (YoY)	19.65%	9.52%	30.46%	6.17%	66.14%
Cost of Revenue	933.54	864.43	808.54	602.28	570.2
Gross Profit	430.53	275.64	232.47	195.64	181.34
Selling, General & Admin	297.94	244.26	203.96	160.77	136.56
Operating Expenses	327.32	267.63	224.99	181.06	157.62
Operating Income	103.21	8.02	7.48	14.58	23.72
Interest Expense	-12.89	-13.95	-18.88	-21.92	-19.3
Interest & Investment Income	10.41	6.9	2.66	0.6	-
Currency Exchange Gain (Loss)	0.9	-	-	-	-
Other Non Operating Income (Expenses)	-59.64	69.04	1.21	71.53	-117.67
EBT Excluding Unusual Items	42	70.01	-7.52	64.8	-113.25
Merger & Restructuring Charges	-2.9	-	-2.72	-2.41	-
Gain (Loss) on Sale of Investments	10.37	-5.19	0.88	-4.82	19.52
Gain (Loss) on Sale of Assets	-2.05	52.6	-	-	-
Asset Writedown	-2.72	-1.98	-7.62	-4.3	-
Legal Settlements	-4.43	-8.86	-	-3.16	-
Other Unusual Items	-108.86	-1.5	-5.09	-	3.15
Pretax Income	-68.58	105.08	-22.07	50.11	-90.58
Income Tax Expense	1.45	3.1	-0.7	-7.22	2.98
Earnings From Continuing Operations	-70.03	101.99	-21.37	57.33	-93.56
Minority Interest in Earnings	-	0.14	0.48	0.23	0.15
Net Income	-70.03	102.12	-20.89	57.55	-93.41
Net Income to Common	-70.03	102.12	-20.89	57.55	-93.41
Shares Outstanding (Basic)	70	61	56	55	47
Shares Outstanding (Diluted)	70	75	56	75	47
Shares Change (YoY)	-6.42%	32.18%	-24.89%	59.50%	30.25%
EPS (Basic)	-1.00	1.68	-0.37	1.05	-1.98
EPS (Diluted)	-1.00	1.39	-0.37	0.77	-1.98
Free Cash Flow	145.04	84.7	-65.4	110.68	13.16
Free Cash Flow Per Share	2.08	1.14	-1.16	1.47	0.28
Gross Margin	31.56%	24.18%	22.33%	24.52%	24.13%
Operating Margin	7.57%	0.70%	0.72%	1.83%	3.16%
Profit Margin	-5.13%	8.96%	-2.01%	7.21%	-12.43%
Free Cash Flow Margin	10.63%	7.43%	-6.28%	13.87%	1.75%
EBITDA	132.59	31.39	28.51	34.86	44.78
EBITDA Margin	9.72%	2.75%	2.74%	4.37%	5.96%
D&A For EBITDA	29.38	23.37	21.03	20.28	21.06
EBIT	103.21	8.02	7.48	14.58	23.72
EBIT Margin	7.57%	0.70%	0.72%	1.83%	3.16%
Effective Tax Rate	-	2.94%	-	-	-
Revenue as Reported	1,364	1,140	1,041	797.92	751.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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