Miami International Holdings, Inc.

Miami International Holdings, Inc.

MIAX
Miami International Holdings, Inc. US flagNew York Stock Exchange
43.29
USD
+2.02
- -
4.11BMarket Cap
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
17.37
Basic EPS, GAAP
-0.4
-1.18
0.72
-0.26
1.29
-1
1.5
Free Cash Flow per Basic Share
1.51
0.31
1.53
-0.62
1.4
2.4
2.69
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-7.7
-8.88
-8.15
-8.41
-7.08
-9.05
-5.71
Tangible Book Value per Share
-2.61
-3.26
-2.15
-0.38
2.1
8.65
9.76
Basic Weighted Avg Shares
79
79
79
79
79
70
81
Sales/Revenue/Turnover
452
752
798
1,041
1,140
1,364
1,407
Operating Margin (%)
0.61
3.16
0.97
-0.01
-0.25
6.95
8.38
Depreciation Expense
17
21
20
21
23
29
31
Net Income, GAAP
-32
-93
58
-21
102
-70
122
Effective Tax Rate (%)
- -
- -
- -
- -
2.95
- -
7.56
Profit Margin (%)
-7.05
-12.43
7.21
-2.01
8.96
-5.13
8.65
Working Capital
18
128
85
-63
168
518
620
LT Debt
89
149
116
6
32
- -
- -
Total Equity
-62
-114
- -
164
368
881
1,066
Return on Invested Capital (%)
- -
- -
- -
- -
-0.78
- -
- -
Return on Capital (%)
- -
- -
- -
- -
-21.75
- -
3.72
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
11
8
8
LT Borrowings
2
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
81
86
94
Market Capitalization
3,011
3,319
3,151

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
792
855
971
Cash, Cash Equivalents & STI
401
434
551
Accounts Receivable, Net
100
98
107
Inventories
- -
- -
- -
Total Current Liabilities
349
337
351
Payables & Accruals
328
316
332
ST Debt
11
8
8
Deferred Revenue
9
10
10

Growth Rates

FRC

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

FRC

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
- -
-0.05
- -
1.29
2025
-0.27
- -
-1.46
- -
-1
2026
1.85
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

MCPAPIChat
CEO
Thomas Gallagher
Full Time Employees
433
Sector
Financial Services
Industry
Financial - Capital Markets
Address
7 Roszel Road Princeton NJ United States of America 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

MCPAPIChat
  • Is the Options Market Predicting a Spike in Miami International Stock?

  • Miami International Holdings, Inc. (MIAX) Presents at Morgan Stanley US Financials Conference 2026 Prepared Remarks Transcript

  • Miami International Holdings Reports May 2026 Trading Results

  • OCC Begins Clearing for MIAX Futures Exchange

  • Miami International Holdings Announces OCC Clearing and Settlement Agreement for MIAX Futures Exchange

  • Miami International Holdings Announces Launch of Tini Bloomberg 100 Index Futures on MIAX Futures

  • Miami International Holdings Announces Participation in Upcoming June Investor Conferences

  • Miami International Holdings Announces Participation in Upcoming June Investor Conferences

  • Miami International Holdings Announces Participation in Upcoming June Investor Conferences

  • Miami International Q1 Earnings Call Highlights

  • Miami International Holdings, Inc. (MIAX) Q1 2026 Earnings Call Transcript

  • Miami International Holdings Reports First Quarter 2026 Results

  • Miami International Holdings Reports Trading Results for April 2026

  • Why Miami International Holdings, Inc. (MIAX) is Poised to Beat Earnings Estimates Again

  • Miami International Holdings, Inc. (MIAX) Upgraded to Buy: Here's Why

  • Brokerages Set Miami International Holdings, Inc. (NYSE:MIAX) Target Price at $47.60

  • MIAX Launches "Excellence in Every Exchange" Nationwide Advertising Campaign

  • Is Miami International Holdings, Inc. (MIAX) Stock Outpacing Its Business Services Peers This Year?

  • Best Momentum Stocks to Buy for April 16th

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