MIAX
Miami International Holdings, Inc.
NYSE: MIAX · FINANCIAL SERVICES · CAPITAL MARKETS
$47.64
+0.72% today
Updated 2026-04-29
Market cap
$4.48B
P/E ratio
—
P/S ratio
3.31x
EPS (TTM)
$-1.00
Dividend yield
—
52W range
$29 – $51
Volume
1.4M
Miami International Holdings, Inc. (MIAX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $452.45M | $751.54M | $797.92M | $1.04B | $1.14B | $1.36B |
| Revenue growth (YoY) | — | +66.1% | +6.2% | +30.5% | +9.5% | +19.6% |
| Cost of revenue | $355.93M | $570.20M | $602.28M | $808.54M | $864.43M | $992.30M |
| Gross profit | $96.53M | $181.34M | $195.63M | $232.47M | $275.64M | $371.77M |
| Gross margin | 21.3% | 24.1% | 24.5% | 22.3% | 24.2% | 27.3% |
| R&D | — | — | — | — | — | — |
| SG&A | — | $112.92M | $142.59M | $183.51M | $222.87M | $270.92M |
| Operating income | $-23.88M | $23.72M | $5.34M | $-2.87M | $-2.83M | $36.55M |
| Operating margin | -5.3% | 3.2% | 0.7% | -0.3% | -0.2% | 2.7% |
| EBITDA | $-6.52M | $-50.22M | $92.31M | $17.84M | $142.40M | $-26.31M |
| EBITDA margin | -1.4% | -6.7% | 11.6% | 1.7% | 12.5% | -1.9% |
| EBIT | $-23.88M | $-71.28M | $72.02M | $-3.19M | $119.03M | $-55.69M |
| Interest expense | — | $19.30M | $21.92M | $18.88M | $13.95M | $12.89M |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-31.89M | $-93.41M | $57.55M | $-20.89M | $102.12M | $-70.03M |
| Net income growth (YoY) | — | -192.9% | +161.6% | -136.3% | +588.9% | -168.6% |
| Profit margin | -7.0% | -12.4% | 7.2% | -2.0% | 9.0% | -5.1% |