MIAX · XBRL financial data
Miami International Holdings financial statements, every quarter
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (MIAX's year ends in late December)
| In millions of dollars | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 | Sep 30, 2026 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | 340 | 369* | 370 | 388 | 376 |
| Cost of revenue | 230 | 245* | 241 | 247 | 245 |
| Gross profit | 109 | 125* | 129 | 141 | 131 |
| Total operating expenses | 110 | 82* | 83 | 113 | 84 |
| Operating income (loss) | (0) | 43* | 46 | 28 | 47 |
| Interest income | 3 | 4* | 4 | 5 | 6 |
| Interest expense | 3 | 0* | 0 | 0 | 0 |
| Other income (expense) | (2) | 0* | 2 | (4) | 1 |
| Income tax expense (benefit) | (1) | 1* | (70) | (15) | 12 |
| Net income (loss) | (102) | 30* | 170 | 44 | 52 |
| Earnings per share, basic USD per share | (1.46) | — | 1.85 | 0.46 | 0.53 |
| Earnings per share, diluted USD per share | (1.46) | — | 1.56 | 0.40 | 0.47 |
| Weighted average shares, basic millions of shares | 70 | 81* | 92 | 95 | 99 |
| Weighted average shares, diluted millions of shares | 70 | 67* | 109 | 111 | 111 |
Balance sheet
CSVFiscal quarters (MIAX's year ends in late December)
| In millions of dollars | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 | Sep 30, 2026 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 401 | 434 | 551 | 660 | 699 |
| Accounts receivable | 100 | 98 | 107 | 120 | 96 |
| Total current assets | 792 | 855 | 971 | 1,103 | 1,130 |
| Property and equipment, net | 48 | 47 | 53 | — | — |
| Right-of-use asset | 17 | 15 | 13 | 13 | 20 |
| Goodwill | 65 | 62 | 62 | 62 | 62 |
| Total assets | 1,225 | 1,259 | 1,444 | 1,600 | 1,618 |
| Accounts payable | 9 | 8 | 13 | 19 | 9 |
| Accrued liabilities | 9 | 9 | 9 | 9 | 6 |
| Current portion of long-term debt | 5 | 2 | 2 | 2 | 2 |
| Total current liabilities | 349 | 337 | 351 | 423 | 365 |
| Long-term debt | 2 | 0 | 0 | 0 | 0 |
| Lease liability, non-current | 19 | 17 | 15 | 15 | 20 |
| Total liabilities | 393 | 378 | 379 | 450 | 398 |
| Accumulated deficit | (662) | (632) | (462) | (418) | (365) |
| Total stockholders' equity | 832 | 881 | 1,066 | 1,150 | 1,220 |
| Total liabilities and equity | 1,225 | 1,259 | 1,444 | 1,600 | 1,618 |
| Common shares outstanding (cover page) millions of shares | 81 | 92 | 95 | 99 | 100 |
Cash flows
CSVFiscal quarters (MIAX's year ends in late December)
| In millions of dollars | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 | Sep 30, 2026 |
|---|---|---|---|---|---|
| Net income (loss) | (102) | 30* | 170 | 44 | 52 |
| Stock-based compensation | 29* | 10* | 9 | 7* | 8* |
| Depreciation and amortization | 8 | 8* | 8 | 9 | 9 |
| Net cash from operating activities | 55* | 47* | 61 | 123* | 23* |
| Purchases of property and equipment | 2* | 4* | 12 | 16* | 1* |
| Net cash from investing activities | (5)* | (17)* | 46 | (22)* | (4)* |
| Share repurchases | 20* | 0* | 13 | 4* | 9* |
| Repayments of long-term debt | — | 0* | — | — | — |
| Net cash from financing activities | 174* | 3* | 7 | 33* | 9* |
| Net change in cash | 224* | 33* | 113 | 134* | 28* |
Compare with peers
SIC 6211 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6211 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Miami International Holdings | 699 | 376 | 23* | 100.1M | — | 10-QSep 30, 2026 |
| Oppenheimer Holdings | 38 | 336 | 132* | not reported | — | 10-QSep 30, 2026 |
| Piper Sandler Companies | 304 | 496 | 36* | 70.7M | — | 10-QJun 30, 2026 |
| Marketaxess Holdings | 246 | 218 | 27* | 35.2M | — | 10-QJun 30, 2026 |
| Sei Investments | 400 | 662 | 218* | 118.6M | — | 10-QSep 30, 2026 |
| Freedom Holding | 1,351 | 733 | (342) | 63.8M | 4.0 quarters | 10-QJun 30, 2026 |
| Interactive Brokers Group | 7,711 | 760 | 6,216* | not reported | — | 10-QJun 30, 2026 |
| Virtu Financial | 1,069 | 1,190 | 117* | not reported | — | 10-QJun 30, 2026 |
| WisdomTree | 295 | 177 | 76* | 151.5M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.