Miami International Holdings, Inc.

Miami International Holdings, Inc.

MIAX
Miami International Holdings, Inc. US flagNew York Stock Exchange
42.41
USD
-1.11
- -
4.10BMarket 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
17.1
Basic EPS, GAAP
-0.4
-1.18
0.72
-0.26
1.29
-1
1.66
Free Cash Flow per Basic Share
1.51
0.31
1.53
-0.62
1.4
2.4
3.33
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.78
-1.43
- -
2.07
4.63
10.3
11.67
Tangible Book Value per Share
-2.58
-3.22
-2.09
-0.31
2.19
7.15
8.95
Basic Weighted Avg Shares
79
79
79
79
79
70
86
Sales/Revenue/Turnover
452
752
798
1,041
1,140
1,364
1,467
Operating Margin (%)
0.61
3.16
0.97
-0.01
-0.25
6.95
9.97
Depreciation Expense
17
21
20
21
23
29
33
Net Income, GAAP
-32
-93
58
-21
102
-70
142
Effective Tax Rate (%)
- -
- -
- -
- -
2.95
- -
2.99
Profit Margin (%)
-7.05
-12.43
7.21
-2.01
8.96
-5.13
9.7
Working Capital
18
128
85
-63
168
518
679
LT Debt
89
149
116
6
32
- -
- -
Total Equity
-62
-114
- -
164
368
881
1,150
Return on Invested Capital (%)
- -
- -
- -
- -
-0.78
- -
- -
Return on Capital (%)
- -
- -
- -
- -
33.17
- -
-7.21
Return on Common Equity (%)
- -
- -
- -
-25.33
38.37
-11.22
18.14

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8
8
8
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
86
94
99
Market Capitalization
3,796
3,667
3,664

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
855
971
1,103
Cash, Cash Equivalents & STI
434
551
660
Accounts Receivable, Net
98
107
120
Inventories
- -
- -
- -
Total Current Liabilities
337
351
423
Payables & Accruals
316
332
405
ST Debt
8
8
8
Deferred Revenue
10
10
9

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
388
- -
- -
- -

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
0.3
-1.46
- -
-1
2026
1.85
0.46
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

APIChatGPT
CEO
Thomas Gallagher
Full Time Employees
439
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

APIChatGPT
  • TISE Reports H1 2026 Listing Results; Sets Records for Total Number and Value of Listings

  • Murray Stahl Expands RENN Fund Inc Stake Despite Weak Growth Metrics

  • Miami International Stock Is Up Big Since Its Debut. Is It a Buy as Insiders Trim?

  • Is Miami International Stock a Buy as Insiders Sell? Here's What to Know

  • MIAX's Revenue Jumped 35% to a Record. Here's What to Know About Its Insider Activity

  • MIAX Insiders Cashed In Options the Same Day. Here's What to Make of It

  • MIAX's Tech Chief Cashed In Shares. Here's What to Know

  • MIAX's CEO Cashed In Options Struck at $12. Here's What to Know

  • Miami International Q2 Earnings Call Highlights

  • Bank of New York Mellon Corp Has $3.04 Million Position in Miami International Holdings, Inc. $MIAX

  • Miami International Holdings, Inc. (MIAX) Q2 2026 Earnings Call Transcript

  • Miami International Holdings Reports Second Quarter 2026 Results

  • Miami International Holdings Reports July 2026 Trading Results

  • Will Miami International Holdings, Inc. (MIAX) Beat Estimates Again in Its Next Earnings Report?

  • Options Technology Extends Low Latency Infrastructure to Support All MIAX U.S. Exchanges

  • All You Need to Know About Miami International Holdings, Inc. (MIAX) Rating Upgrade to Strong Buy

  • Wall Street Analysts See a 25.42% Upside in Miami International Holdings, Inc. (MIAX): Can the Stock Really Move This High?

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

  • Miami International Holdings Reports June 2026 Trading Results

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