MIAX Cash Flow 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-70.03	101.99	-21.37	57.33
Depreciation & Amortization	29.38	23.37	21.03	20.28
Stock-Based Compensation	57.57	43.63	30.03	22.32
Other Adjustments	181.01	-49.21	17.48	-57.48
Change in Receivables	-4.52	-34.31	2.14	-1.87
Changes in Accounts Payable	-29.9	26.57	-12.62	4.38
Changes in Accrued Expenses	6.21	5.75	5.62	2.71
Changes in Unearned Revenue	1.21	-0.18	-0.72	-3.89
Changes in Other Operating Activities	-3.1	-6.17	-90.79	77.85
Operating Cash Flow	167.83	111.44	-49.2	121.63
Operating Cash Flow Growth	50.60%	-	-	-
Capital Expenditures	-22.79	-26.74	-16.2	-10.95
Purchases of Intangible Assets	-12.08	-12.27	-9.69	-9.09
Purchases of Investments	-10	-1.58	-18.37	-9.65
Payments for Business Acquisitions	-56.46	-	-19.88	-24.25
Investing Cash Flow	-101.33	-40.59	-64.14	-53.93
Long-Term Debt Issued	36.88	35.47	1.49	-
Long-Term Debt Repaid	-140.16	-57.47	-32.14	-17.54
Net Long-Term Debt Issued (Repaid)	-103.28	-21.99	-30.65	-17.54
Issuance of Common Stock	381.33	10.15	16.81	9.57
Repurchase of Common Stock	-21.83	-12.42	-3.31	-1.38
Net Common Stock Issued (Repurchased)	359.49	-2.27	13.49	8.19
Other Financing Activities	-41.44	53.67	0.54	-
Financing Cash Flow	214.77	29.41	-16.62	-9.35
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.09	-	-	-
Net Cash Flow	281.19	100.26	-129.96	58.35
Free Cash Flow	145.04	84.7	-65.4	110.68
Free Cash Flow Growth	71.24%	-	-	-
FCF Margin	10.63%	7.43%	-6.28%	13.87%
Free Cash Flow Per Share	2.08	1.14	-1.16	1.47
Levered Free Cash Flow	-192.3	102.73	-145.22	130.4
Unlevered Free Cash Flow	74.93	19.86	-96.45	96.5

SEC Filings: 10-K · 10-Q