Miami International Holdings, Inc. (MIAX)
NYSE: MIAX · Real-Time Price · USD
42.59
+1.27 (3.07%)
Aug 21, 2026, 4:00 PM EDT - Market closed

MIAX Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,4671,3641,1401,041797.92751.54
Revenue Growth
16.82%19.65%9.52%30.46%6.17%66.14%
Gross Profit
503.69430.53275.64232.47195.64181.34
Operating Income
194.51110.068.027.4814.5823.72
Net Income
142.3-70.03102.12-20.8957.55-93.41
Earnings Per Share
1.66-1.001.39-0.370.77-1.98
EPS Growth
7885.16%-----

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingJun '26 Dec '25 Dec '24 Dec '23
Options
1,2061,107851.75788.29
Equities
147.45153.35187.77165.17
Futures
88.8687.8796.0883.73
International
22.9614.693.313.24
Corporate / Other
1.151.151.160.58
Revenue (Total)
1,4671,3641,1401,041

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
701.66478.21191.3783.75153.38160.9
Total Debt
23.1424.75121.01135.88151.91166.67
Net Cash (Debt)
678.52453.4570.36-52.131.46-5.77
Net Cash Growth
1463.02%544.48%----
Net Cash Per Share
7.916.490.94-0.920.02-0.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
285.33167.83111.44-49.2121.6324.23
Capital Expenditures
-33.85-22.79-26.74-16.2-10.95-11.07
Free Cash Flow
251.48145.0484.7-65.4110.6813.16
Free Cash Flow Growth
1207.66%71.24%--740.81%-88.32%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
34.35%31.56%24.18%22.33%24.52%24.13%
Operating Margin
13.26%8.07%0.70%0.72%1.83%3.16%
Pretax Margin
3.87%-5.03%9.22%-2.12%6.28%-12.05%
Profit Margin
9.70%-5.13%8.96%-2.01%7.21%-12.43%
FCF Margin
17.15%10.63%7.43%-6.28%13.87%1.75%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
24.0831.82----
P/FCF Ratio
16.8126.14----
PS Ratio
2.882.78----