MIAX · XBRL financial data
Miami International Holdings financial statements, every fiscal year
The same tables from 2 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 years (MIAX's year ends in late December)
| In millions of dollars | Dec 31, 2025 |
|---|---|
| Revenue from contracts with customers | 1,364 |
| Cost of revenue | 934 |
| Gross profit | 431 |
| Total operating expenses | 339 |
| Operating income (loss) | 92 |
| Interest income | 9 |
| Interest expense | 13 |
| Other income (expense) | 11 |
| Income tax expense (benefit) | 1 |
| Net income (loss) | (70) |
| Earnings per share, basic USD per share | (1.00) |
| Earnings per share, diluted USD per share | (1.00) |
| Weighted average shares, basic millions of shares | 70 |
| Weighted average shares, diluted millions of shares | 70 |
Balance sheet
CSVFiscal years (MIAX's year ends in late December)
| In millions of dollars | Dec 31, 2025 |
|---|---|
| Cash and cash equivalents | 434 |
| Accounts receivable | 98 |
| Total current assets | 855 |
| Property and equipment, net | 47 |
| Right-of-use asset | 15 |
| Goodwill | 62 |
| Total assets | 1,259 |
| Accounts payable | 8 |
| Accrued liabilities | 9 |
| Current portion of long-term debt | 2 |
| Total current liabilities | 337 |
| Long-term debt | 0 |
| Lease liability, non-current | 17 |
| Total liabilities | 378 |
| Accumulated deficit | (632) |
| Total stockholders' equity | 881 |
| Total liabilities and equity | 1,259 |
| Common shares outstanding (cover page) millions of shares | 92 |
Cash flows
CSVFiscal years (MIAX's year ends in late December)
| In millions of dollars | Dec 31, 2025 |
|---|---|
| Net income (loss) | (70) |
| Stock-based compensation | 58 |
| Depreciation and amortization | 29 |
| Net cash from operating activities | 168 |
| Purchases of property and equipment | 23 |
| Net cash from investing activities | (101) |
| Share repurchases | 22 |
| Repayments of long-term debt | 140 |
| Net cash from financing activities | 215 |
| Net change in cash | 281 |
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.