Saturday 17 October 2026 Export MIAX’s income statement to Excel — free account

Miami International Holdings, Inc.

Miami International Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 19.6% from fiscal 2024. In the quarter to June 2026, revenue grew 18.3%, EPS grew 27.0%, free cash flow grew 162.7% and total debt fell 95.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

30.95 0.08 +0.26%

Follow MIAX

Alert me

Market cap: $3.1B
P/E: 26.0×
Fwd P/E: 15.2×
Dividend yield: —
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.72

Total sells 81.51

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	2	—	—	—	—	—	—	—
Sell	—	—	—	—	6	6	9	10	11	10	6	1

Insider Ownership 9.32%

Capital & Financial Ratios $m

Market Cap 3,060.00

Revenue 1,466.53

Net Income 142.30

Free Cash Flow 240.90

Net Debt (699.50)

Current Ratio 2.61

Debt/Equity 0.00

P/E ratio 26.01

Fwd P/E 15.20

P/S ratio 2.01

P/B ratio 2.56

Past 5Y EPS Growth —

This Y EPS Growth (7.30%)

Next Y EPS Growth 12.62%

Next Y revenue growth (60.52%)

Next 5Y EPS Growth 3.24%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	—	187	467	701
Receivables	—	240	232	258
Inventory	—	—	—	—
Other	—	146	156	143
	—	573	855	1,103

	2023	2024	2025	Q'26
Payables	—	120	70	136
ST’ Debt	—	5	2	2
Other	—	88	72	103
	—	405	337	423

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	—
Cash Flow	—	—	—
Earnings	—	—	—
Book Value	—	—	—

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	370	388	—	—	—
’25	327	328	340	369	1,364
’24	—	—	277	—	1,140

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	61	123	—	—	—
’25	11	55	55	47	168
’24	—	—	72	39	111

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	47	104	—	—	—
’25	3	40	50	40	133
’24	—	—	42	30	72

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.56	0.40	—	—	—
’25	(0.34)	0.30	(1.46)	0.49	(1.00)
’24	—	—	(0.05)	—	1.37

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	—	28.63	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	—	51.38
People
People	Employees	—	—	—	—	—	—	—	—	433	439
	Revenue/emp, $m	—	—	—	—	—	—	—	0.00	2.63	3.11
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	—	1,041	1,140	1,364
	Gross margin, %	—	—	—	—	—	—	—	22.33	24.18	31.56
	EBT	—	—	—	—	—	—	—	(22)	105	(69)
	EBT margin, %	—	—	—	—	—	—	—	(2.12)	9.22	(5.03)
	Net income	—	—	—	—	—	—	—	(21)	102	(70)
	Depreciation	—	—	—	—	—	—	—	23	26	32
Per share, $
Per share, $	Revenue	—	—	—	—	—	—	—	18.44	18.78	19.53
	Earnings	—	—	—	—	—	—	—	(0.38)	1.68	(1.00)
	Cash flow	—	—	—	—	—	—	—	(0.87)	1.84	2.40
	Capex	—	—	—	—	—	—	—	(0.46)	(0.64)	(0.50)
	Free cash flow	—	—	—	—	—	—	—	(1.33)	1.19	1.90
	Book value	—	—	—	—	—	—	—	0.00	6.06	12.62
	Shares, m	—	—	—	—	—	—	—	56	61	70
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	0.00	0.00	0.00
	P/S	—	—	—	—	—	—	—	0.00	0.00	2.27
	P/B	—	—	—	—	—	—	—	5.43	5.43	3.52
	EV/Sales	—	—	—	—	—	—	—	0.00	0.00	1.93
	EV/FCF	—	—	—	—	—	—	—	16.04	16.04	19.82
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	—	—	(49)	111	168
	Capex	—	—	—	—	—	—	—	(26)	(39)	(35)
	Free cash flow	—	—	—	—	—	—	—	(75)	72	133
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	—	—	—	168	518
	Total debt	—	—	—	—	—	—	—	—	37	2
	Net debt	—	—	—	—	—	—	—	—	(150)	(466)
	Shareholders’ equity	—	—	—	—	—	—	—	—	368	881
Returns, %
Returns, %	ROA	—	—	—	—	—	—	—	0.00	20.98	(6.27)
	ROIC	—	—	—	—	—	—	—	0.00	(0.81)	13.84
	ROE	—	—	—	—	—	—	—	0.00	0.00	(11.22)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PIPR Piper Sandler Companies	$4.6B	14.2×	16.3×	+24.88% (above 0%: growing)	+58.10% (above 0%: growing)	+58.77% (above 0%: growing)	98.91%	20.27%	Compare
MC Moelis & Company	$4.5B	18.0×	21.5×	+12.05% (above 0%: growing)	+16.36% (above 0%: growing)	+8.25% (above 0%: growing)	100.00%	17.79%	Compare
LAZ Lazard, Inc.	$3.5B	16.3×	14.6×	+1.47% (above 0%: growing)	−94.64% (below 0%: shrinking)	+434.39% (above 0%: growing)	100.00%	4.66%	Compare
PJT PJT Partners Inc.	$3.5B	17.9×	23.7×	+19.52% (above 0%: growing)	+34.65% (above 0%: growing)	+26.53% (above 0%: growing)	33.04%	20.99%	Compare
MARA Marathon Digital Holdings, Inc.	$3.2B	— (loss-making)	— (loss-making)	−26.67% (below 0%: shrinking)	n/m	+85.60% (above 0%: growing)	17.19%	(297.96%)	Compare
MIAX Miami International Holdings, Inc.	$3.1B	26.0×	15.2×	+18.26% (above 0%: growing)	+26.97% (above 0%: growing)	+162.65% (above 0%: growing)	36.40%	7.17%
PURR Hyperliquid Strategies Inc	$2.7B	— (loss-making)	— (loss-making)	+6,940.21% (above 0%: growing)	n/m	−6,672.51% (below 0%: shrinking)	100.00%	7,380.58%	Compare
CLSK Cleanspark, Inc.	$2.4B	— (loss-making)	— (loss-making)	−30.53% (below 0%: shrinking)	n/m	+202.37% (above 0%: growing)	38.06%	(168.40%)	Compare
ETOR eToro Group Ltd.	$2.0B	7.9×	13.7×	−23.93% (below 0%: shrinking)	+71.05% (above 0%: growing)	−32.39% (below 0%: shrinking)	15.03%	4.80%	Compare
Median of peers	$3.4B	16.3×	16.3×	+6.76%	+34.65%	+42.65%	68.49%	11.30%

All 93 Capital Markets stocks →

Miami International Holdings, Inc. (MIAX) key facts

Strength: Miami International Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 19.6% from fiscal 2024.
Miami International Holdings, Inc. (MIAX) is a Capital Markets company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, MIAX traded at $30.95, a market capitalization of $3.1 billion.
Return on equity was −11.2% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.