$40.33
-2.3%Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its 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. The company also trades hard red spring wheat futures and options on MIAX Futures; offers clearing services for U.S. futures and options 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. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.
MIAX • NYSE
| Miami International Holdings, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
REVENUE | ||||||
1.4B | 1.1B | 1B | 797.9M | 751.5M | 452.5M | |
GROSS PROFIT | ||||||
(992.3M) | (864.4M) | (808.5M) | (602.3M) | (570.2M) | (355.9M) | |
371.8M | 275.6M | 232.5M | 195.6M | 181.3M | 96.5M | |
OPERATING INCOME | ||||||
(335.2M) | (278.5M) | (235.3M) | (190.3M) | (157.6M) | (0.0) | |
(0.0) | (225.9M) | (189.1M) | (151M) | (122.3M) | (0.0) | |
36.6M | -2.8M | -2.9M | 5.3M | 23.7M | -23.9M | |
PRE-TAX INCOME | ||||||
(12.9M) | (14M) | (18.9M) | (21.9M) | (19.3M) | (0.0) | |
-3.5M | -10.6M | -16.2M | -21.3M | -19.3M | 0.0 | |
(335.2M) | (52.5M) | (46.3M) | (39.3M) | (35.4M) | (0.0) | |
-105.1M | 107.9M | -19.2M | 44.8M | -114.3M | -21M | |
-68.6M | 105.1M | -22.1M | 50.1M | -90.6M | -44.9M | |
NET INCOME | ||||||
(1.5M) | (3.1M) | -697K | -7.2M | (3M) | -12.8M | |
-70M | 102.1M | -20.9M | 57.6M | -93.4M | -31.9M |
MIAX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 27, 2026 | June 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 09, 2026 | April 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 26, 2026 | March 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 06, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 02, 2026 | February 25, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 25, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 20, 2026 | February 18, 2026 | 2026 |
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