Miami International Holdings, Inc.

Miami International Holdings, Inc.

35.71
USD
+0.58
(+1.65%)
2.70EPS
10.54P/E
3.35BMarket Cap
Mar 03Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.69
9.46
10.04
13.11
14.35
19.53
16.09
Basic EPS, GAAP
-0.4
-1.18
0.72
-0.26
1.29
-1
3.18
Free Cash Flow per Basic Share
1.51
0.31
1.53
-0.62
1.4
2.4
2.72
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.78
-1.43
- -
2.07
4.63
10.3
12.21
Tangible Book Value per Share
-2.58
-3.22
-2.09
-0.31
2.19
7.15
9.43
Basic Weighted Avg Shares
79
79
79
79
79
70
93
Sales/Revenue/Turnover
452
752
798
1,041
1,140
1,364
1,503
Operating Margin (%)
0.61
3.16
0.97
-0.01
-0.25
6.95
12.89
Depreciation Expense
17
21
20
21
23
29
34
Net Income, GAAP
-32
-93
58
-21
102
-70
297
Effective Tax Rate (%)
- -
- -
- -
- -
2.95
- -
- -
Profit Margin (%)
-7.05
-12.43
7.21
-2.01
8.96
-5.13
19.75
Working Capital
18
128
85
-63
168
518
765
LT Debt
89
149
116
6
32
- -
- -
Total Equity
-62
-114
- -
164
368
881
1,220
Return on Invested Capital (%)
- -
- -
- -
- -
-0.78
- -
- -
Return on Capital (%)
- -
- -
- -
- -
33.17
- -
- -
Return on Common Equity (%)
- -
- -
- -
-25.33
38.37
-11.22
28.93

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
8
8
9
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
94
99
100
Market Capitalization
3,667
3,664
3,348

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
971
1,103
1,130
Cash, Cash Equivalents & STI
551
660
699
Accounts Receivable, Net
107
120
96
Inventories
- -
- -
- -
Total Current Liabilities
351
423
365
Payables & Accruals
332
405
346
ST Debt
8
8
9
Deferred Revenue
10
9
9

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-30,583.56%
139.66%
Free Cash Flow
- -
-18.85%
50.61%
Net Income, GAAP
- -
-172.48%
-168.57%
Sales/Revenue/Turnover
- -
26.39%
19.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
273
267
277
324
1,140
2025
327
328
340
369
1,364
2026
370
388
376
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
1.35
-0.05
0.04
1.29
2025
-0.27
0.3
-1.46
0.34
-1
2026
1.85
0.46
0.53
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Thomas P. Gallagher
Full Time Employees
439
Sector
Finance
Industry
Investment banks/Brokers
Address
7 Roszel Road Princeton NJ United States 08540
IPO Date
Aug 14, 2025
Business
Miami International Holdings, Inc. operates as a technology-driven provider of regulated financial markets across multiple asset classes, including options, futures, and cash equities. The company offers a diverse portfolio of proprietary products through its four national securities exchanges—MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire—each enabled by proprietary technology and registered with the Securities and Exchange Commission. Its core products include trading in U.S. equity securities via MIAX Pearl Equities, diverse options trading across its four options exchanges, and futures and options on futures products on MIAX Futures, powered by its MIAX Futures Onyx proprietary trading platform. Geographic operations span primarily the United States with an expanding international footprint through subsidiaries such as MIH East Holdings Limited, which acquired The International Stock Exchange Group Limited to further international market presence. Founded in 2012 and headquartered in Miami, Florida, Miami International Holdings focuses on delivering high-performance, low-latency electronic trading platforms distinguished by reliable and innovative technology infrastructure. The company targets institutional investors, market makers, and other financial market participants seeking diverse and technologically advanced trading venues. Recent major developments include the launch of the MIAX Sapphire options trading floor in Miami in September 2025, adding a physical trading floor to its electronic options exchange. In 2025, Miami International Holdings successfully launched the MIAX Futures Onyx platform to power agricultural and financial futures trading, including plans to list Bloomberg 500 Index Futures pending regulatory approval. The company also announced the acquisition of The International Stock Exchange (TISE), significantly expanding its international business operations. Additionally, it secured a strategic growth investment from Warburg Pincus in 2024 enabling the expansion of its futures, agricultural products, and international market initiatives. These signaled MIH’s strategic push to diversify revenue streams across multiple asset classes and global markets while continuing to invest in proprietary technology to enhance trading and clearing services. The company is publicly traded on the New York Stock Exchange under the ticker MIAX and maintains operations focusing on innovation in regulated marketplaces, strategic acquisitions, and expanding asset class offerings internationally to strengthen its competitive positioning in global financial markets.

Company News

  • Miami International (NYSE:MIAX) EVP Sells $1,964,691.54 in Stock

  • Miami International (NYSE:MIAX) EVP Sells $1,964,691.54 in Stock

  • Miami International Holdings Reports October 2026 Trading Results

  • The Best Businesses I Know Are 30% Off - I'm Buying

  • MIAX Files with the SEC to Offer Cash-settled Binary Index Options and KPI Binary Options on its SEC-registered Exchanges

  • What Miami International (MIAX) Said on Its Q3 Earnings Call

  • Miami International: Q3 Growth And Operating Leverage Impress (Rating Upgrade)

  • Miami International Holdings, Inc. (MIAX) Q3 2026 Earnings Call Transcript

  • Compared to Estimates, Miami International Holdings, Inc. (MIAX) Q3 Earnings: A Look at Key Metrics

  • Miami International Holdings, Inc. (MIAX) Beats Q3 Earnings and Revenue Estimates

  • Miami International Hldgs Q3 2026 Earnings Call Transcript

  • Miami International Holdings Reports Third Quarter 2026 Results

  • Miami International (NYSE:MIAX) EVP Barbara Comly Sells 12,306 Shares of Company Stock

  • Miami International (NYSE:MIAX) EVP Douglas Schafer, Jr. Sells 8,000 Shares of Company Stock

  • Analysts Estimate Miami International Holdings, Inc. (MIAX) to Report a Decline in Earnings: What to Look Out for

  • My 3 Favorite Stocks To Build Serious Wealth Right Now

  • MIAX Launches Physically-settled Fertilizer Futures on MIAX Futures

  • MIAX Announces Bloomberg Equity Index Futures Now Available on NinjaTrader

  • Miami International Holdings Reports September 2026 Trading Results

  • Miami International Holdings Announces Date of Third Quarter 2026 Earnings Release and Conference Call