Miami International Holdings, Inc. (MIAX)
Financial Services · Capital Markets · NYSE
Miami International Holdings, Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $797.92M | $1.04B | $1.14B | $1.36B |
| Gross profit | $195.63M | $232.47M | $275.64M | $430.53M |
| Net income | $57.55M | $-20.89M | $102.12M | $-70.03M |
| Net margin | 7.2% | -2.0% | 9.0% | -5.1% |
Source: Miami International Holdings, Inc. SEC filings (10-K).
What growth is priced into MIAX stock?
At today's market cap of $3.97B, Miami International Holdings, Inc. is priced for free-cash-flow growth of about 13.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $132.97M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Miami International Holdings, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Miami International Holdings, Inc. financial history by metric
About Miami International Holdings, Inc.
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; 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, it 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.
Miami International Holdings, Inc. — frequently asked questions
What is Miami International Holdings, Inc.'s revenue?
Miami International Holdings, Inc. (MIAX) reported revenue of $1.36B for fiscal year 2025, up 19.6% from the prior year, according to its SEC filings.
Is Miami International Holdings, Inc. profitable?
No — MIAX reported a net loss of $-70.03M in fiscal 2025.
What is MIAX's P/E ratio?
Miami International Holdings, Inc. trades at a price-to-earnings ratio of about 32.4 based on the latest data in our nightly-refreshed cache.
How fast is Miami International Holdings, Inc. growing?
MIAX's revenue grew at roughly 19.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Miami International Holdings, Inc. have?
As of fiscal year 2025, MIAX carried roughly $3.02M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Miami International Holdings, Inc.'s gross margin?
MIAX's gross margin was 31.6% in fiscal 2025 — gross profit of $430.53M on revenue of $1.36B.
What is Miami International Holdings, Inc.'s market cap?
Miami International Holdings, Inc. (MIAX) has a market capitalization of about $3.97B, based on the latest data in our nightly-refreshed cache.
When does Miami International Holdings, Inc.'s fiscal year end?
MIAX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into MIAX stock?
At today's market cap of $3.97B, Miami International Holdings, Inc. is priced for free-cash-flow growth of about 13.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $132.97M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Miami International Holdings, Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.