Miami International Holdings, Inc. (MIAX)

MIAX Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	142.3	-70.03	102.12	-20.89	57.55	-93.41
Depreciation & Amortization	33.14	29.38	23.37	21.03	20.28	21.06
Other Amortization	0.82	3.02	2.84	1.88	1.97	1.61
Loss (Gain) From Sale of Assets	-50.57	2.05	-	-	-	-
Asset Writedown & Restructuring Costs	1.98	2.72	1.98	7.62	4.3	-
Loss (Gain) From Sale of Investments	2.83	-10.37	5.19	-0.88	4.82	-19.52
Stock-Based Compensation	54.62	57.57	43.63	30.03	22.32	18.11
Provision & Write-off of Bad Debts	-0.27	0.05	0.04	0.01	0	0
Other Operating Activities	35.44	183.55	-59.4	8.38	-68.8	120.17
Change in Accounts Receivable	-17.94	-4.52	-34.31	2.14	-1.87	-13.19
Change in Accounts Payable	30.94	-37.9	49.07	12.26	-6.6	11.6
Change in Unearned Revenue	1.12	1.21	-0.18	-0.72	-3.89	-5.3
Change in Other Net Operating Assets	50.93	11.11	-22.92	-110.05	91.53	-16.91
Operating Cash Flow	285.33	167.83	111.44	-49.2	121.63	24.23
Operating Cash Flow Growth	479.76%	50.60%	-	-	401.99%	-79.87%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-33.85	-22.79	-26.74	-16.2	-10.95	-11.07
Cash Acquisitions	-	-56.46	-	-19.88	-24.25	-
Sale (Purchase) of Intangibles	-10.58	-12.08	-12.27	-9.69	-9.09	-6.99
Investment in Securities	-13.39	-10	-1.58	-18.37	-9.65	18.38
Investing Cash Flow	2.04	-101.33	-40.59	-64.14	-53.93	0.32

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	36.88	35.47	1.49	-	80.48
Long-Term Debt Repaid	-	-140.16	-57.47	-32.14	-17.54	-9.86
Net Debt Issued (Repaid)	-140.17	-103.28	-21.99	-30.65	-17.54	70.62
Issuance of Common Stock	434.24	381.33	10.04	16.44	9.57	21.67
Repurchase of Common Stock	-36.93	-21.83	-12.42	-3.31	-1.38	-
Other Financing Activities	-39.47	-41.44	53.79	0.91	-	-0.18
Financing Cash Flow	217.68	214.77	29.41	-16.62	-9.35	92.11

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.67	-0.09	-	-	-	-
Net Cash Flow	504.38	281.19	100.26	-129.96	58.35	116.66

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	251.48	145.04	84.7	-65.4	110.68	13.16
Free Cash Flow Growth	1207.66%	71.24%	-	-	740.81%	-88.32%
Free Cash Flow Margin	17.15%	10.63%	7.43%	-6.28%	13.87%	1.75%
Free Cash Flow Per Share	2.93	2.08	1.14	-1.16	1.47	0.28
Levered Free Cash Flow	207.43	55.65	9.71	18.03	36.02	17.49
Unlevered Free Cash Flow	208.88	60.69	15.59	27.94	47.75	27.94

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	2.68	9.83	12.62	16.84	18.57	15.52
Cash Income Tax Paid	0.23	1.21	-1.05	0.6	2.52	0.35
Change in Working Capital	65.04	-30.09	-8.34	-96.36	79.18	-23.79

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 11, 2026

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