MIAX
Miami International Holdings, Inc.
Price Chart
No historical data available
Latest Quote
$42.87
| Previous Close | $43.00 |
| Open | $42.64 |
| Day High | $43.19 |
| Day Low | $42.13 |
| Volume | 2,130,221 |
Stock Information
| Shares Outstanding | 99.23M |
| Total Debt | $23.14M |
| Cash Equivalents | $701.66M |
| Revenue | $1.47B |
| Net Income | $142.30M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $4.25B |
| P/E Ratio | 29.77 |
| EPS (TTM) | $1.44 |
| Exchange | NYQ |
Recent Price History
About Miami International Holdings, Inc.
Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States. It operates through Options, Equities, and International segments. The company's markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. It also trades Hard Red Spring Wheat futures and options on MIAX Futures; provides clearing services for U.S. futures and options on futures through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. In addition, the company offers financial markets and securities services to public and private companies. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $933,543,000 | $864,428,000 | $808,538,000 | $602,284,000 |
| Cost Of Revenue | $933,543,000 | $864,428,000 | $808,538,000 | $602,284,000 |
| Total Revenue | $1,364,073,000 | $1,140,072,000 | $1,041,007,000 | $797,919,000 |
| Operating Revenue | $1,337,075,000 | $1,123,327,000 | $1,025,305,000 | $788,508,000 |
| Expenses | ||||
| Interest Expense | $12,886,000 | $13,951,000 | $18,875,000 | $21,916,000 |
| Total Expenses | $1,269,204,000 | $1,142,897,000 | $1,041,150,000 | $790,167,000 |
| Rent Expense Supplemental | $11,984,000 | $9,405,000 | $7,562,000 | $6,767,000 |
| Other Income Expense | $-159,976,000 | $118,555,000 | $-5,715,000 | $63,670,000 |
| Other Non Operating Income Expenses | $10,951,000 | $1,475,000 | $4,538,000 | $-574,000 |
| Net Non Operating Interest Income Expense | $-3,472,000 | $-10,649,000 | $-16,211,000 | $-21,316,000 |
| Interest Expense Non Operating | $12,886,000 | $13,951,000 | $18,875,000 | $21,916,000 |
| Operating Expense | $335,661,000 | $278,469,000 | $232,612,000 | $187,883,000 |
| Other Operating Expenses | $35,367,000 | $29,167,000 | $22,513,000 | $16,598,000 |
| Selling And Marketing Expense | $2,756,000 | $3,063,000 | $5,555,000 | $8,414,000 |
| General And Administrative Expense | $268,159,000 | $222,867,000 | $183,514,000 | $142,587,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-70,029,000 | $102,123,000 | $-20,890,000 | $57,553,000 |
| Net Interest Income | $-3,472,000 | $-10,649,000 | $-16,211,000 | $-21,316,000 |
| Interest Income | $9,414,000 | $3,302,000 | $2,664,000 | $600,000 |
| Normalized Income | $65,003,330 | $-11,508,588 | $-10,960,818 | $6,800,240 |
| Net Income From Continuing And Discontinued Operation | $-70,029,000 | $102,123,000 | $-20,890,000 | $57,553,000 |
| Total Operating Income As Reported | $91,968,000 | $-2,825,000 | $-2,866,000 | $5,344,000 |
| Net Income Common Stockholders | $-70,029,000 | $102,123,000 | $-20,890,000 | $57,553,000 |
| Net Income | $-70,029,000 | $102,123,000 | $-20,890,000 | $57,553,000 |
| Net Income Including Noncontrolling Interests | $-70,029,000 | $101,986,000 | $-21,372,000 | $57,325,000 |
| Net Income Continuous Operations | $-70,029,000 | $101,986,000 | $-21,372,000 | $57,325,000 |
| Pretax Income | $-68,579,000 | $105,081,000 | $-22,069,000 | $50,106,000 |
| Special Income Charges | $-112,611,000 | $48,496,000 | $-10,227,000 | $-7,023,000 |
| Interest Income Non Operating | $9,414,000 | $3,302,000 | $2,664,000 | $600,000 |
| Operating Income | $94,869,000 | $-2,825,000 | $-143,000 | $7,752,000 |
| Depreciation Amortization Depletion Income Statement | $29,379,000 | $23,372,000 | $21,030,000 | $20,284,000 |
| Depreciation And Amortization In Income Statement | $29,379,000 | $23,372,000 | $21,030,000 | $20,284,000 |
| Gross Profit | $430,530,000 | $275,644,000 | $232,469,000 | $195,635,000 |
| Per Share | ||||
| Diluted EPS | $-1.00 | $1.29 | $-0.26 | $0.72 |
| Basic EPS | $-1.00 | $1.29 | $-0.26 | $0.72 |
| Other | ||||
| Tax Effect Of Unusual Items | $-35,894,670 | $3,448,412 | $-323,818 | $13,491,240 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $144,613,000 | $25,324,000 | $28,089,000 | $28,062,000 |
| Total Unusual Items | $-170,927,000 | $117,080,000 | $-10,253,000 | $64,244,000 |
| Total Unusual Items Excluding Goodwill | $-170,927,000 | $117,080,000 | $-10,253,000 | $64,244,000 |
| Reconciled Depreciation | $29,379,000 | $23,372,000 | $21,030,000 | $20,284,000 |
| EBITDA (Bullshit earnings) | $-26,314,000 | $142,404,000 | $17,836,000 | $92,306,000 |
| EBIT | $-55,693,000 | $119,032,000 | $-3,194,000 | $72,022,000 |
| Diluted Average Shares | $69,836,032 | $79,435,326 | $79,435,326 | $79,435,326 |
| Basic Average Shares | $69,836,032 | $79,435,326 | $79,435,326 | $79,435,326 |
| Diluted NI Availto Com Stockholders | $-70,029,000 | $102,123,000 | $-20,890,000 | $57,553,000 |
| Minority Interests | $0 | $137,000 | $482,000 | $228,000 |
| Tax Provision | $1,450,000 | $3,095,000 | $-697,000 | $-7,219,000 |
| Gain On Sale Of Ppe | $-2,054,000 | $52,604,000 | $0 | $0 |
| Other Special Charges | $107,656,000 | - | $5,085,000 | - |
| Write Off | $0 | $4,108,000 | $2,419,000 | $4,615,000 |
| Restructuring And Mergern Acquisition | $2,901,000 | $0 | $2,723,000 | $2,408,000 |
| Gain On Sale Of Security | $-58,316,000 | $68,584,000 | $-26,000 | $71,267,000 |
| Selling General And Administration | $270,915,000 | $225,930,000 | $189,069,000 | $151,001,000 |
| Other Gand A | $67,862,000 | $68,237,000 | $65,267,000 | $52,177,000 |
| Rent And Landing Fees | $11,984,000 | $9,405,000 | $7,562,000 | $6,767,000 |
| Salaries And Wages | $188,313,000 | $145,225,000 | $110,685,000 | $83,643,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $611,699,000 | $174,313,000 | $-24,304,000 | $-166,306,000 |
| Total Assets | $1,259,425,000 | $973,651,000 | $719,843,000 | $755,373,000 |
| Total Non Current Assets | $404,211,000 | $400,835,000 | $333,662,000 | $276,642,000 |
| Other Non Current Assets | $4,993,000 | $5,082,000 | $4,671,000 | $4,671,000 |
| Non Current Prepaid Assets | $4,000,000 | $4,000,000 | $3,000,000 | $3,000,000 |
| Non Current Deferred Assets | $0 | $5,978,000 | $5,406,000 | $3,966,000 |
| Non Current Note Receivables | $39,609,000 | $51,189,000 | $46,256,000 | $32,786,000 |
| Financial Assets | $5,114,000 | $50,304,000 | $0 | - |
| Goodwill And Other Intangible Assets | $269,318,000 | $193,304,000 | $188,946,000 | $166,578,000 |
| Other Intangible Assets | $207,107,000 | $146,486,000 | $142,128,000 | $122,279,000 |
| Current Assets | $855,214,000 | $572,816,000 | $386,181,000 | $478,731,000 |
| Other Current Assets | $39,232,000 | $23,303,000 | $23,501,000 | $15,113,000 |
| Hedging Assets Current | $6,017,000 | $33,536,000 | $0 | - |
| Assets Held For Sale Current | $40,976,000 | $0 | - | - |
| Restricted Cash | $55,696,000 | $76,907,000 | $68,652,000 | $130,422,000 |
| Prepaid Assets | $54,880,000 | $57,225,000 | $54,428,000 | $49,223,000 |
| Receivables | $224,765,000 | $231,504,000 | $180,307,000 | $157,524,000 |
| Other Receivables | $126,658,000 | $139,089,000 | $122,162,000 | $97,461,000 |
| Accounts Receivable | $98,107,000 | $92,415,000 | $58,145,000 | $60,063,000 |
| Cash Cash Equivalents And Short Term Investments | $433,648,000 | $150,341,000 | $59,293,000 | $126,449,000 |
| Cash And Cash Equivalents | $433,648,000 | $150,341,000 | $59,293,000 | $126,449,000 |
| Debt | ||||
| Total Debt | $8,199,000 | $43,808,000 | $123,038,000 | $151,913,000 |
| Current Debt And Capital Lease Obligation | $8,199,000 | $11,540,000 | $116,854,000 | $36,408,000 |
| Current Debt | $1,508,000 | $4,767,000 | $112,241,000 | $32,000,000 |
| Other Current Borrowings | $1,508,000 | $4,767,000 | $112,241,000 | $32,000,000 |
| Long Term Debt And Capital Lease Obligation | - | $32,268,000 | $6,184,000 | $115,505,000 |
| Long Term Debt | - | $32,268,000 | $6,184,000 | $115,505,000 |
| Net Debt | - | - | $59,132,000 | $21,056,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $378,408,000 | $606,034,000 | $556,062,000 | $755,480,000 |
| Total Non Current Liabilities Net Minority Interest | $41,148,000 | $200,812,000 | $107,124,000 | $362,168,000 |
| Other Non Current Liabilities | $18,762,000 | $15,166,000 | $14,176,000 | $10,443,000 |
| Derivative Product Liabilities | $0 | $142,612,000 | $79,186,000 | $227,778,000 |
| Non Current Deferred Liabilities | $22,386,000 | $10,766,000 | $7,578,000 | $8,442,000 |
| Non Current Deferred Taxes Liabilities | $22,386,000 | $10,766,000 | $7,578,000 | $8,442,000 |
| Current Liabilities | $337,260,000 | $405,222,000 | $448,938,000 | $393,312,000 |
| Other Current Liabilities | $2,996,000 | $24,126,000 | $37,901,000 | $4,988,000 |
| Current Deferred Liabilities | $9,572,000 | $2,710,000 | $2,893,000 | $1,155,000 |
| Payables And Accrued Expenses | $316,493,000 | $366,846,000 | $291,290,000 | $350,761,000 |
| Interest Payable | $168,000 | $451,000 | $3,854,000 | $4,021,000 |
| Payables | $307,355,000 | $357,600,000 | $280,618,000 | $339,556,000 |
| Other Payable | $153,184,000 | $191,944,000 | $137,564,000 | $220,848,000 |
| Total Tax Payable | $1,204,000 | $206,000 | $1,332,000 | $4,363,000 |
| Accounts Payable | $152,967,000 | $165,450,000 | $141,722,000 | $114,345,000 |
| Equity | ||||
| Common Stock Equity | $881,017,000 | $367,616,000 | $164,641,000 | $270,000 |
| Total Equity Gross Minority Interest | $881,017,000 | $367,617,000 | $163,781,000 | $-107,000 |
| Stockholders Equity | $881,017,000 | $367,617,000 | $164,642,000 | $272,000 |
| Gains Losses Not Affecting Retained Earnings | $-641,000 | $0 | - | - |
| Retained Earnings | $-632,339,000 | $-562,310,000 | $-668,496,000 | $-647,606,000 |
| Preferred Stock Equity | - | $1,000 | $1,000 | $2,000 |
| Other | ||||
| Treasury Shares Number | $353,799 | - | - | - |
| Ordinary Shares Number | $85,536,287 | $79,435,326 | $79,435,326 | $79,435,326 |
| Share Issued | $85,890,086 | $79,435,326 | $79,435,326 | $79,435,326 |
| Tangible Book Value | $611,699,000 | $174,312,000 | $-24,305,000 | $-166,308,000 |
| Invested Capital | $882,525,000 | $404,651,000 | $283,066,000 | $147,775,000 |
| Working Capital | $517,954,000 | $167,594,000 | $-62,757,000 | $85,419,000 |
| Capital Lease Obligations | $6,691,000 | $6,773,000 | $4,613,000 | $4,408,000 |
| Total Capitalization | $881,017,000 | $399,885,000 | $170,826,000 | $115,777,000 |
| Treasury Stock | $8,232,000 | $775,000 | $0 | - |
| Additional Paid In Capital | $1,522,143,000 | $930,638,000 | $833,080,000 | $647,781,000 |
| Capital Stock | $86,000 | $64,000 | $58,000 | $97,000 |
| Common Stock | $86,000 | $63,000 | $57,000 | $95,000 |
| Preferred Stock | $0 | $1,000 | $1,000 | $2,000 |
| Current Deferred Revenue | $9,572,000 | $2,710,000 | $2,893,000 | $1,155,000 |
| Current Capital Lease Obligation | $6,691,000 | $6,773,000 | $4,613,000 | $4,408,000 |
| Current Accrued Expenses | $9,138,000 | $9,246,000 | $10,672,000 | $11,205,000 |
| Investments And Advances | $19,180,000 | $31,022,000 | $35,590,000 | $16,627,000 |
| Goodwill | $62,211,000 | $46,818,000 | $46,818,000 | $44,299,000 |
| Net PPE | $61,997,000 | $59,956,000 | $49,793,000 | $49,014,000 |
| Accumulated Depreciation | $-129,674,000 | $-111,780,000 | $-97,332,000 | $-84,985,000 |
| Gross PPE | $191,671,000 | $171,736,000 | $147,125,000 | $133,999,000 |
| Leases | $31,368,000 | $22,591,000 | $14,389,000 | $14,075,000 |
| Other Properties | $15,143,000 | $15,478,000 | $15,684,000 | $11,294,000 |
| Machinery Furniture Equipment | $133,578,000 | $119,422,000 | $100,826,000 | $86,081,000 |
| Buildings And Improvements | $9,373,000 | $12,036,000 | $13,531,000 | $18,106,000 |
| Land And Improvements | $2,209,000 | $2,209,000 | $2,695,000 | $4,443,000 |
| Properties | $0 | $0 | $0 | $0 |
| Minority Interest | - | $0 | $-861,000 | $-379,000 |
| Non Current Deferred Revenue | - | - | - | - |
| Long Term Capital Lease Obligation | - | - | - | - |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $132,965,000 | $72,432,000 | $-75,089,000 | $101,597,000 |
| Operating Activities | ||||
| Operating Cash Flow | $167,833,000 | $111,439,000 | $-49,195,000 | $121,631,000 |
| Cash Flow From Continuing Operating Activities | $167,833,000 | $111,439,000 | $-49,195,000 | $121,631,000 |
| Operating Gains Losses | $184,265,000 | $-68,584,000 | $2,723,000 | $-71,267,000 |
| Investing Activities | ||||
| Capital Expenditure | $-34,868,000 | $-39,007,000 | $-25,894,000 | $-20,034,000 |
| Investing Cash Flow | $-101,326,000 | $-40,585,000 | $-64,139,000 | $-53,929,000 |
| Cash Flow From Continuing Investing Activities | $-101,326,000 | $-40,585,000 | $-64,139,000 | $-53,929,000 |
| Capital Expenditure Reported | $-34,868,000 | $-39,007,000 | $-25,894,000 | $-20,034,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $381,325,000 | $10,035,000 | $16,436,000 | $9,571,000 |
| Financing Cash Flow | $214,768,000 | $29,406,000 | $-16,622,000 | $-9,352,000 |
| Cash Flow From Continuing Financing Activities | $214,768,000 | $29,406,000 | $-16,622,000 | $-9,352,000 |
| Net Other Financing Charges | $-41,442,000 | $-5,857,000 | - | - |
| Net Common Stock Issuance | $381,325,000 | $10,035,000 | $16,436,000 | $9,571,000 |
| Common Stock Issuance | $381,325,000 | $10,035,000 | $16,436,000 | $9,571,000 |
| Other | ||||
| Repayment Of Debt | $-140,163,000 | $-57,467,000 | $-32,136,000 | $-17,541,000 |
| Issuance Of Debt | $36,881,000 | $35,474,000 | $1,486,000 | $0 |
| Interest Paid Supplemental Data | $9,828,000 | $12,618,000 | $16,837,000 | $18,568,000 |
| Income Tax Paid Supplemental Data | $1,637,000 | $457,000 | $602,000 | $2,521,000 |
| End Cash Position | $557,584,000 | $276,398,000 | $176,138,000 | $306,094,000 |
| Beginning Cash Position | $276,398,000 | $176,138,000 | $306,094,000 | $247,744,000 |
| Effect Of Exchange Rate Changes | $-89,000 | $0 | $0 | - |
| Changes In Cash | $281,275,000 | $100,260,000 | $-129,956,000 | $58,350,000 |
| Proceeds From Stock Option Exercised | $-21,833,000 | $47,221,000 | $-2,408,000 | $-1,382,000 |
| Net Issuance Payments Of Debt | $-103,282,000 | $-21,993,000 | $-30,650,000 | $-17,541,000 |
| Net Short Term Debt Issuance | $36,881,000 | $35,474,000 | $1,486,000 | $0 |
| Short Term Debt Issuance | $36,881,000 | $35,474,000 | $1,486,000 | $0 |
| Net Long Term Debt Issuance | $-140,163,000 | $-57,467,000 | $-32,136,000 | $-17,541,000 |
| Long Term Debt Payments | $-140,163,000 | $-57,467,000 | $-32,136,000 | $-17,541,000 |
| Long Term Debt Issuance | $36,881,000 | $35,474,000 | $1,486,000 | $0 |
| Net Investment Purchase And Sale | $-10,000,000 | $-1,578,000 | $-18,369,000 | $-9,650,000 |
| Purchase Of Investment | $-10,000,000 | $-1,578,000 | $-18,369,000 | $-9,650,000 |
| Net Business Purchase And Sale | $-56,458,000 | $0 | $-19,876,000 | $-24,245,000 |
| Purchase Of Business | $-56,458,000 | $0 | $-19,876,000 | $-24,245,000 |
| Change In Working Capital | $-30,091,000 | $-8,338,000 | $-96,363,000 | $79,177,000 |
| Change In Other Working Capital | $1,491,000 | $-25,333,000 | $25,666,000 | $20,498,000 |
| Change In Other Current Liabilities | $-3,414,000 | $-2,107,000 | $-4,150,000 | $2,822,000 |
| Change In Other Current Assets | $-2,860,000 | $15,357,000 | $-106,849,000 | $56,080,000 |
| Change In Payables And Accrued Expense | $-34,424,000 | $56,819,000 | $17,763,000 | $-3,022,000 |
| Change In Accrued Expense | $6,211,000 | $5,753,000 | $5,621,000 | $2,708,000 |
| Change In Payable | $-40,635,000 | $51,066,000 | $12,142,000 | $-5,730,000 |
| Change In Account Payable | $-37,900,000 | $49,069,000 | $12,262,000 | $-6,599,000 |
| Change In Receivables | $9,116,000 | $-53,074,000 | $-28,793,000 | $2,799,000 |
| Changes In Account Receivables | $-4,515,000 | $-34,307,000 | $2,143,000 | $-1,871,000 |
| Other Non Cash Items | $3,879,000 | $6,081,000 | $2,145,000 | $2,707,000 |
| Stock Based Compensation | $57,566,000 | $43,631,000 | $30,029,000 | $22,322,000 |
| Unrealized Gain Loss On Investment Securities | $-10,374,000 | $1,085,000 | $-3,301,000 | $204,000 |
| Provisionand Write Offof Assets | $47,000 | $2,929,000 | $6,740,000 | $9,151,000 |
| Asset Impairment Charge | $2,717,000 | $6,089,000 | $10,038,000 | $8,915,000 |
| Deferred Tax | $474,000 | $3,188,000 | $-864,000 | $-7,187,000 |
| Deferred Income Tax | $474,000 | $3,188,000 | $-864,000 | $-7,187,000 |
| Depreciation Amortization Depletion | $29,379,000 | $23,372,000 | $21,030,000 | $20,284,000 |
| Depreciation And Amortization | $29,379,000 | $23,372,000 | $21,030,000 | $20,284,000 |
| Gain Loss On Investment Securities | $58,316,000 | $-68,584,000 | $2,723,000 | $-71,267,000 |
| Gain Loss On Sale Of PPE | $18,293,000 | $0 | $0 | $0 |
| Net Income From Continuing Operations | $-70,029,000 | $101,986,000 | $-21,372,000 | $57,325,000 |
| Sale Of Investment | - | - | $0 | $0 |